Panama Offshore Legal Services Blog

In what sector should you invest in Panama in 2017?

invest in panama
Print Friendly

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 »

Posted in Investing in Panama | Leave a comment

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

wingo
Print Friendly

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.

Continue reading »

Posted in Investing in Panama, Moving to Panama | Leave a comment

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

panama oeste
Print Friendly

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 »

Posted in Investing in Panama | Leave a comment

How Panama Tourism Will Help Diversify & Improve Economy

Panama Tourism
Print Friendly

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 »

Posted in Investing in Panama | Leave a comment

Fun Facts about Panama Not Everyone Knows

Moving to Panama
Print Friendly

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 »

Posted in Investing in Panama, Moving to Panama | Leave a comment

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

Retire to Panama
Print Friendly

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 »

Posted in Investing in Panama, Moving to Panama | Leave a comment

Panama’s Interior Real Estate Market Quietly Growing Fast

Panama interior real estate
Print Friendly

For a long time, Panama’s real estate market focus has been largely concentrated on the capital, Panama City. Years of positive economic growth, access to the Panama Canal, banking, and travel logistics have made Panama City a hot spot for international investment and real estate. In fact, the real estate boom in Panama City has been so big, that many people, both in Panama and internationally, have overlooked one of the biggest sectors of real estate growth in the entire country: the interior provinces. Continue reading »

Posted in Investing in Panama, Moving to Panama | Leave a comment

What to Look For When Buying or Renting Real Estate in Panama

Panama real estate
Print Friendly

If you’re looking to buy or rent properties in Panama, there are many options to suite any taste, or any budget. There are great deals to be had, fantastic areas to live in, and many diverse choices that can fit your need specifically. Just like anywhere else, you need to do a good amount of research and personal introspection before you make your decision when it comes to Real Estate. After all, you’re buying or renting in a foreign country, and you should know the rules before you start. Continue reading »

Posted in Investing in Panama, Moving to Panama | Leave a comment

The Top 5 Reasons Why Panama is a Great Place to Live and Retire

4 ways to enjoy Panama on a retirement budget
Print Friendly

Panama’s popularity as a destination to live and retire in has been extolled by many people over the years, and it’s lived up to the hype. Each year, more and more expats are choosing Panama as their go-to destination, and the reasons are abundant, and obviously different for everyone. That being said, there are a few key reasons why expats and expat retirees are choosing Panama so often. There’s so much to offer, we’ve come up with a few important factors we think are major draws, and could help you get a head start on your own journey here. Here are our top 5 reasons why Panama is a great place to live and retire.

Continue reading »

Posted in Investing in Panama, Moving to Panama | Leave a comment

Favorable Investment Climate Draws Multinationals to Panama

invest in panama
Print Friendly

Panama is a regional center for multinational corporate investment, and will continue to grow as such through 2016 and beyond. A multinational company, or multinational corporation, is defined as an organization that owns or controls production of goods or services in one or more countries other than their home country. It can also be referred as an international corporation, a “transnational corporation”, or a stateless corporation. Multinationals typically operate in strong markets, but are also known for investing heavily into emerging markets, in order to strengthen their global presence, while cutting their costs. Panama, as it stands now, is one of the most favorable countries for multinational investment, and it’s no surprise as to why. Continue reading »

Posted in Investing in Panama | Leave a comment