Banking in Panama

Need to open a bank account in Panama? Here’s how!

Offshore investment remains steady in Panama, and that means lots of opportunities for business and banking. One of the most functional and feasible options in this region when it comes to business, retirement, or relocation is to open a Panama bank account as soon as...

Why You Should Open a Panama Bank Account

Considering moving to Panama or doing business in Panama? Where and how you bank is something you need to think about, and with priority. If you are relocating to Panama, either as an expat, retiree, or investor, chances are you have a bank account from your home...

Five important steps to take to open a bank account in Panama

Five important steps to take to open a bank account in Panama

Offshore investment remains steady in Panama, and that means lots of opportunities for business and banking. One of the most functional and feasible options in this region when it comes to business, retirement, or relocation is to open a Panama bank account as soon as...

New Panama Property Tax Withholding Law Goes into effect January, 2019

New Panama Property Tax Withholding Law Goes into effect January, 2019

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...

Immigrating to Panama from South Africa: What you need to know

Immigrating to Panama from South Africa: What you need to know

For many in South Africa, the turmoil and uncertainty of recent years has become just too much, and staying put no longer seems like a good option. Right now, thousands of landowners in South Africa are under danger of either losing their land, or even worse, their...

Mobile Pay, E-Commerce Gains Momentum in Panama

Mobile Pay, E-Commerce Gains Momentum in Panama

Panama has been trying to market itself as a Latin American tech hub for quite some time now, and now with mobile payments and e-commerce, they’re keeping to that promise. Although Latin America, in general, has been slower than other parts of the world to adapt to...

Panama’s Economy Closes 2015 With Positive Growth

Panama’s Economy Closes 2015 With Positive Growth

Panama’s economy over the past six years, on average, has grown by nearly double digits. However in 2014, the economy slowed down a little bit, causing some to be cautious. Now, as we head full steam into 2016, it appears the slowdown was merely a hiccup, and Panama’s...

5 Steps to Open a Bank Account in Panama

5 Steps to Open a Bank Account in Panama

Offshore investment is growing rapidly, and one of the most functional and feasible options in this region is to open a bank account in Panama. Panama has long had a reputation for secure offshore banking, and has very favorable laws for both offshore investors, and...