Panama Offshore Legal Services Blog

The Key to Investing in Panama: Diversify!

Investing in Panama
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Have you been thinking about investing in Panama? Are you doing your due diligence right now to see if it’s right for you. If either of these are the case, you’ll have lots to consider before diving into the market, and many opportunities to weigh and consider. Panama has an incredibly diverse market, with investment potential in not just the services industry, but also in commodities, real estate, logistics, and even crypto-currencies. If you’re from outside of Panama, you may want to be a bit conservative with your initial investments. That’s OK, and completely within reason and understanding as a foreigner/outsider to the market. However, even if your investments are small, the best way to get a stable, good return is to diversify. Here’s why.
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5 Ways Your Life Will Change in Panama

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Moving to Panama is a choice that many people make for many reasons, however there’s one that connects them all: change. Whether it’s retiring in Panama, working in Panama, becoming a digital nomad in Panama, or just taking time to live in a different culture, your life will change in Panama (mostly for the better). It’s all about stepping out of your comfort zone, exploring the wonders of Panama, and improving your life in a truly unique way. Here are our 5 ways we think your life will change in Panama. Continue reading »

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Panama Cuts Ties With Taiwan, Builds New Relationship With China

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In a move that was shocking to some, and expected by many, Panama officially opened diplomatic relations with China this week, effectively ending more than a half century of partnership with Taiwan. The move comes as Panama’s President Juan Carlos Varela looks to boost the country’s economy through stronger trade and manufacturing partnerships, with China as the golden goose. Varela and his government made it a point to stress that they are fully on board with China’s political policy regarding Taiwan, a move that shocked and angered both Panama’s Taiwanese community as well as many in Taiwan itself. In a statement made during a press conference involving both China and Panama, Varela stated:

“The Government of the Republic of Panama recognizes that there is only one China in the world, the Government of the People’s Republic of China is the only legitimate government representing all of China, and Taiwan is an inalienable part of the Chinese territory,” Continue reading »

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Buying Property in Panama: What you need to look for

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If you’re planning on moving to Panama or investing in Panama, you’ve most likely considered buying property in Panama. The Panama real estate market has been one of the region’s hottest over the past ten years, and for good reason. Panama is ideal for real estate investment, whether you’re full-time, part-time, or just want to make a financial commitment. There are properties of all types and all prices, with new construction booming in pretty much every sector. Buying property in Panama, like anywhere else, does require a bit of research, however. You don’t want to rush your decision or make a bad choice that will cost you time and money. Here’s some valuable info that will help get you started. Continue reading »

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In what sector should you invest in Panama in 2017?

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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 2017, 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 2017. Continue reading »

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Meet Wingo, Copa Holdings’ New Low-Cost International Carrier

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Good news for travelers in Panama and Colombia! Copa Holdings, the parent company of Copa Airlines, announced the launch of a new low-cost airline that will have a hub in Panama City, and connect travelers with a variety of cheap, fun, international and domestic locations. This is huge for regional flights, especially to and from Colombia, and will generate more competition for Viva Colombia, currently the only budget airline leaving from Panama (Panama Pacifico Airport). Though owned by the same entity, Wingo will be a completely separate brand from Copa Airlines, which currently has flights (and will share routes) to Bogota and Medellin, from Tocumen International Airport. Wingo is looking to offer lower prices than Copa for Panama/Colombian travel, but with a more “bare bones” approach to amenities, and small surcharges for things like luggage, food, and seat assignments.

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The Need for Panama Oeste: Developing Panama’s suburbs, west of the Canal

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The geography behind Panama’s economic development, and their history, is a subtle, yet obvious marker for residents of the capital and its surroundings. Panama City is an ever-expanding metroplex where property values, logistics, and general investment rely heavily on location. This has created a boom for some areas, and a drought for others. Luckily, however, this is all changing, as certain growth areas in Panama City are oversaturated, creating ample opportunities to invest in other locations, and for a fraction of the cost. One of the biggest areas that is filling this need is Panama Oeste (West Panama). Panama Oeste is not, in fact, western Panama, but is rather the western suburbs of Panama City, and is its own province. Continue reading »

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How Panama Tourism Will Help Diversify & Improve Economy

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By Latin American (and even 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? Continue reading »

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Fun Facts about Panama Not Everyone Knows

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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 fun facts about Panama, and get to know why so many love to live and work here. Continue reading »

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Pedasi Panama: An Eco Friendly Haven for Expats of All Ages

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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. Continue reading »

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