Panama Offshore Legal Services Blog

Panama’s Population Still on Steady Growth Course

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In 2010, during the census taken of the entire country of Panama, there were 3,322,576 registered residents on the isthmus. Now, according to new data, that number could reach close to 4,500,000 by 2022. This is a massive increase for such a small amount of time, and one that many believe is a positive sign of both economic growth, and quality of life increases. During this same period, Panama added thousands of new houses and residential buildings to meet the demand, sparking a construction boom unlike any in the region. Now, as the population continues to surge, Panama continues to work hard to meet growth for relocation and international investment.
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Spa day? Here are Panama City’s best picks!

Spa in Panama City
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Who doesn’t love a good spa day? Everyone does! Whether you’re in Panama for a quick visit or an extended stay, your options for great spa treatments are plentiful. Here are six of the best the city has to offer, and what you can expect while you’re there.
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Posted in Panama Commerce, Panama Holidays | Leave a comment

Panama’s Western Expansion: the role of development in the outskirts of the capital

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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.
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Panama welcomes thousands of pilgrims for World Youth Day (JMJ)!

World Youth Day Panama
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After years of anticipation and preparation, Panama’s biggest public event in decades is about to begin: the World Youth Day (Jornada Mundial de La Juventud). The event, hosted by the Catholic Church, is a gathering of Catholic youth from around the world, with celebrations that combine religious meetings with social events, and social welfare projects. As described by the Catholic Church:

“World Youth Day was initiated by Pope John Paul II in 1985. Its concept has been influenced by the Light-Life Movement that has existed in Poland since the 1960s, where during summer camps Catholic young adults over 13 days of camp celebrated a “day of community”. For the first celebration of WYD in 1986, bishops were invited to schedule an annual youth event to be held every Palm Sunday in their dioceses. It is celebrated at the diocesan level annually, and at the international level every two to three years at different locations.” Continue reading »

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The growth and future of mobile and e-payment commerce in Panama, explained.

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Panama has been trying to market itself as a Latin American tech hub for quite some time now, and 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 the e-commerce market, Panama is looking to change that in the immediate future. And international investors and startups are looking at investing in Panama as an ideal growth market for this type of commerce.

The consumer market in Panama is strong, and buyers need more options on how to shop, pay, and assign delivery for products and services. Mobile payments, innovative apps, and creative e-commerce websites could offer a viable, and profitable solution for both businesses and consumers; and that’s a win/win for Panama’s economy.
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Posted in Banking in Panama, Panama Commerce | Leave a comment