Moving to Panama? Planning on investing in Panama? Just coming for a quick visit? Get to know the country first. There’s so much to this culturally rich, fun, and diverse country that you’ll want to be prepared to get the most out of it, no matter what your interest level is. So, before you hit the tarmac in Tocumen, or make the big leap to open your business or move here, check out these fast facts on Panama, and get to know why so many love to live and work here. Continue reading
As the financial year nears to a close, and you prepare to wind down before a busy start to the next year, it’s time to get your investment plans in order. And if you’re looking to make a splash in international investing, investing in Panama would be a great start for 2019, if you’re not investing here already that is. Panama has a very favorable investment climate, which means investing in Panama is a good buy. There are a number of areas to invest in, some riskier than others, but all with growing opportunities as we head into the new year. Here are some of our thoughts on where you should be investing in Panama in 2019.
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Retirees, working expats, and locals, have long sought after Panama’s beach communities as the ideal place to live both full-time and part time. In recent years, and especially today, many of these communities are going through a major Real Estate boom. This is great for the local economy, and is really driving investment and revenue into Panama’s top beach locations.
The only downside is that with all of the development, many communities are becoming crowded, and more importantly, expensive. They are also moving further and further away from the city as land becomes less available. And that may not necessarily be a bad thing, especially for people looking for an authentic, natural experience. The problem is, once you bring the city to the beach, it loses some of its authenticity.
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Panama is rich with natural beauty and modern conveniences, and when it comes to both in one place, Coronado has it. This is one of many reasons why Coronado is one of the best places to retire in Panama. Coronado is a beach town with so much to offer for retirees; you’ll feel right at home. At the same time, you’ll also enjoy the tropical paradise that is the Panamanian Pacific coast. There’s world-class shopping, golf, great restaurants and bars, and of course, a booming real estate market. Coronado is also just an hour’s drive from Panama City, making it an easy trip to Tocumen International Airport, and all of the amenities the capital has to offer.
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Panama’s Ministry of Finance issued a decree requiring real property lenders to withhold funds on mortgages to pay for the property tax. The new decree takes effect on January 1, 2019. In addition, another decree around the same time provides benefits to primary residences’ property tax. Continue reading
If you’re planning on moving to Panama, chances are you’ve done some research on where to live. There are many expats all over Panama, and a variety of great expat communities in nearly every part of the country. When it comes to population density, however, the greatest numbers of expats live in the capital, Panama City. Panama City is a bustling metropolis with many things to offer, whether you’re an expat or a local.
The city is growing at a breakneck pace, and each neighborhood offers something a little different. If you’re looking at moving to Panama City, and want to know where you should live, we recommend you visit first. That being said, here’s some solid info to get you started so you know what to look for once you’re here. Here are Panama City’s top 5 neighborhoods for expats:
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For people who are looking to relocate to, or retire in Panama, the town of Pedasi in the Azuero Peninsula is at the top of the list these days. Its growing popularity is coming at a time where record numbers of expats are choosing Panama as their new home, and there’s good reason for it too. Pedasi is remote, safe, full of fun things to do, and surrounded by some of the country’s most beautiful biodiversity. It’s also a well-known area of Panamanian ecological preservation, and a burgeoning coast for surfers, body boarders, and lovers of the beach in general.
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Panama is rich with natural beauty and modern conveniences, and when it comes to both in one place, Coronado has it. This is one of many reasons why Coronado is one of the best places to retire in Panama. Coronado is a beach town with so much to offer for retirees; you’ll feel right at home. At the same time, you’ll also enjoy the tropical paradise that is the Panamanian Pacific coast. There’s world-class shopping, golf, great restaurants and bars, and of course, a booming real estate market. Coronado is also just an hour’s drive from Panama City, making it an easy trip to Tocumen International Airport, and all of the amenities the capital has to offer.
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By global standards, Panama’s near decade of unprecedented growth has been impressive. Even during a global financial slowdown, Panama managed to stay the course and pull through. And while most of this is attributed to banking/financial services, shipping logistics, and Canal-related business, there is one market that has been making huge inroads, as well as an economic impact: tourism. Tourism has brought in millions of new visitors each year, and believe it or not, has encouraged external growth in investment as a byproduct of it. In order to adapt and survive in the modern global economy, Panama (and everyone one else) needs to adapt. Can tourism be that boost that takes them to the next level?
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The word “Panama” typically brings to mind many things for those who live, work, and travel here. But to most of the world unfamiliar with the Central American nation, the first thing that comes to mind is almost always the Panama Canal. Heralded as one of the wonders of the world, and one of the greatest engineering feats in modern history, the Panama Canal has brought fame, fortune, and future prosperity to a country that’s small, yet incredibly powerful. Just a few years ago, the Panama Canal celebrated its 100-year anniversary, an event that marked many different eras, governments, and both economic and social cycles. Now, a few years after the 100th anniversary and inauguration of the new upgrades, we take a look at why the Panama Canal is more important than ever, and what it will bring to Panama in the future. Continue reading
