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Latin Investors 2010 report on Panama

July 27th, 2010 | Panama - Business, Panama - News | No Comments »

Today’s blog post comes from Sam Taliaferro at the Panama Investor Blog:

I found this report to have some interesting and valuable information and it is free so take a look. The following press release is from their website.

Following up with last years release of the Offshore Banking report, www.alternativelatininvestor.com/offshore-banking.html, which, in the midst of the global banking crisis, gravitated towards Panama, Alternative Latin Investor has released an in-depth report of the of the country.

Through extensive interviews, site visits and research the report deals with the main sectors relevant to foreign investors, Real Estate, Commodities, Banking and General Business practices as well as an exclusive interview with Former Panamanian president Nicolás Ardito. With Panama Read more

Venezuelan investment gains ground in Panama

July 19th, 2010 | Friends of the Gringo, Panama - Business, Panama - Culture, Panama - Investment, Panama - News | 2 Comments »

Today’s blog post comes from Sam Taliaferro at the Panama Investor Blog:

According to the Venezuelan news site El Universal, investment in Panama by Venezuelan businessmen represent about 12% of the total new investment into Panama. We thank the leadership of Venezuela for driving these significant investment dollars into Panama. It is most unfortunate for the citizens of Venezuela that their countrymen find it much safer to invest here rather than their own country.

Economy

The Panamanian market has become one of the favorite destinations for Venezuelan investment. Nowadays, 12 percent of new businesses are the result of Venezuelan investments, as reported by Leandro Ciciliani, the CEO of International Property Networks (IPN).

In the context of Read more

Anything and Everything Panama

July 15th, 2010 | Panama - Business, Panama - Culture, Panama - Family Friendly, Panama - Relocation, Panama - Travel Tips | 1 Comment »

The best resources on life in Panama come from the people who know. PanamaQ Blog is full of people who know all there is to know about life in Panama. As they so eloquently put it:

“PanamaQ magazine is the quintessential authority for discerning individuals interested in this vibrant paradise. Delivering comprehensive, provocative journalism and rich photographic essays, PanamaQ is the ultimate guide and inspiration for an elite audience of world-class travelers.”

Articles on PanamaQ feature everything from medical tourism, health care in Panama, travel through the Panama Canal, ecotourism and investment in Panama.

Subscribe via email to get the latest articles from PanamaQ, or just check out their web-site. Posts come every week or so, but often Read more

Need Retail Therapy? Check Out Via Vai Boutique in Panama

July 8th, 2010 | Panama - Best Shopping, Panama - Business | 1 Comment »

A big appeal when first arriving to Panama was the low price of items such as clothing, shoes, house wares, linens and décor. But after a few experiences of purchasing cheaply priced and made clothing from various department stores in Panama I realized that here you definitely get what you pay for in terms of apparel. Among the masses of similarly styled and manufactured clothing I was able to find a store that appealed to my more eclectic and crafted sense of style.

When entering Via Vai Boutique one is almost immediately hit with warm colorful “good vibrations” as I described to fellow shoppers. The layout of the store has a comfortable boutique feel while remaining organized, well lit, Read more

Novey Hardware – The Mini Home Depot of Panama

July 6th, 2010 | Panama - Best Shopping, Panama - Business, Panama - Gringo Favorite, Uncategorized | 3 Comments »

Novey Hardware in Panama – For Gringos in need for our next DIY project on your condo here — this place is just like a smaller Lowes or Home Depot in the States. Cheaper though.

If you’re like me at all, no doubt you’ve had a number of frustrating experiences with people working on your home or condo in Panama. I have had my fair share of “professionals” come through and try and fix things without really knowing what they were doing. Let me tell you, the experience is highly frustrating.

So much so, in fact, that despite not having all that much time to work on the place myself, I have found it easier to do many projects on Read more

Financial Benefits of Relocation to Panama

April 1st, 2010 | Panama - Business, Panama - Relocation | No Comments »

One of the biggest draws to living in Panama as a retired person is the Pensionado Program. This program, which is backed by the government, offers a long list of discounts for qualifed retirees. These discounts include such things as 20% discount on already low doctor bills, 20% off of professional and home repair fees, 50% off of the price of mid-week hotel stays, 30% off public transport costs, 25% off of domestic air tickets, 10% off of the local prescription prices, 50% off entertainment options, 50% off of the costs of closing your home mortgage, 15% off of the cost of dental and eye exams, and 50% off of the costs of closing your home mortgage to name a Read more

New Taxes on Importing Cars to Panama

March 29th, 2010 | Panama - Business, Panama - News, Panama - Relocation | 1 Comment »

As of March 15th, 2010 the new “Tax Reform Law” has been put into place in Panama and as a result the amount due for importing a car to Panama has changed. In the past retirees were able to bring cars into Panama tax free, but now they will be required to pay regular importation taxes on any vehicles brought into Panama. For retirees hoping to be able to bring over there car without any taxes, those days have ended as of March 15th.

The new car import taxes are as follows:

All passenger cars (Sedans, SUVs, etc) regardless of class must pay:

15% tax if they are valued under $8,000
18% tax if they are valued between $8,000 and

TURN KEY House in Pedasi, Panama

March 13th, 2010 | Panama - Best Shopping, Panama - Business, Panama - Relocation | No Comments »

If that font is too small for you, go ahead and click this link. It will take you to the website where the house is listed.

This is an incredible offer – the owners are headed back to Canada and need to sell the house fast! You have the option to purchase it furnished, and they are even selling their car!

Pedasi is a beautiful place to be, and an up and coming tourist destination in Panama. Get in on the bottom floor with your own place. There are even direct flights from Panama City to Pedasi. Read about it here.

More Flights to Panama City thanks to Copa

March 7th, 2010 | Panama - Business | No Comments »

Copa Airlines Chief Executive announced that the company plans to increase its capacity by 10%, with 8 ne Boeing 737–800 jets. The company plans to up the number of flights it runs to many major cities across Latin America and the Caribbean and expects to see fuller planes as the economy recovers.

Want more info? Read the full story here.

An Entrepreneur Visa for Panama?

January 21st, 2010 | Panama - Business | No Comments »

Entrepreneurs in Panama were informed earlier this month of a new loan structure designed to help small businesses get on their feet.

Prensa.com reports, “The bank will be the third component of “Proyecto Impulso” (“Stimulus Project”), and will begin operations with $25 million in capital. The announcement was made by Roberto Henríquez, Commerce and Industries minister, who will present his plan to the Executive Cabinet.”Henríquez explained that 90% of the country’s companies are classified as micro and small. This is why this bank will be focused on granting credit solutions to this sector of the economy.”

With the program in place, Panama has the potential to see micro businesses flourish and hopes to see new enterprises grow and prosper. Lack Read more

Latin Investors 2010 report on Panama

Venezuelan investment gains ground in Panama

Anything and Everything Panama

Need Retail Therapy? Check Out Via Vai Boutique in Panama

Novey Hardware – The Mini Home Depot of Panama

Financial Benefits of Relocation to Panama

New Taxes on Importing Cars to Panama

TURN KEY House in Pedasi, Panama

More Flights to Panama City thanks to Copa

An Entrepreneur Visa for Panama?

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