Types Of Property Ownership In Panama

There can be a lot of confusion when foreigners look to buy real estate in Panama; this is because some sellers have actual ‘title’ and others sell their rights to ‘possess’ a property. Panama recognizes three different types of property ownership which are: Titled, Rights of Possession and Concessions. The Constitution of the Republic of Panama guarantees the right to own private property. TITLED PROPERTY (TITULO) Titled property is the most secure form of real property ownership in … [Read more...]

You’ve Come A Long Way, Panama

By:  Larke Newell From 2010 when I first began “snowbirding” to Panama for six months each year to now, 2017, I am amazed to watch the constant progress being made throughout the country.  Largely due to the constant influx of ex-pats either retiring or conducting business here, the entire dynamic of the isthmus has changed, mostly for the better. We now boast the very best highway systems in all of Central America and the infrastructure is constantly being updated and improved.  … [Read more...]

More Good News Regarding Panama’s Excellent Health Care Rates

More Good News Regarding Panama’s Excellent Health Care Rates By: Larke Newell Panama is known for its affordable health care, whether it be the cost of health and medical care itself or that of medical insurance. But now, if you live in Chiriqui province, there have been even more developments and you can take advantage of even deeper discounts. Two organizations, both based out of Boquete, are offering these savings and the only prerequisite is that you become members. They are both … [Read more...]

It’s This Easy to Retire Abroad in Panama

By: Seth McNew (TMFMcNew) Retirement can be costly. With the average life expectancy rising, and the costs of healthcare, insurance, and other expenses in flux -- those working hard in their careers may feel like there's little chance they'll be able to retire and live comfortably after they leave their final jobs. However, U.S. retirees are increasingly looking outside of their homeland for retirement locations that provide a lower cost of living, tax advantages, and maybe even a little … [Read more...]

Buying a Rental Property in Panama

By:  Larke Newell You are a “snowbird” who only lives in Panama during the cold winter months “up north” and find it expedient to rent out your house here for the remaining months. Or perhaps you have made the decision to purchase a house or condo in Panama for the rental income and, hopefully, profit from its sale down the road. Either way it is imperative that you are aware that the landlord/tenant laws here are uniquely Panamanian. Your best bet is to hire a qualified and … [Read more...]

Panama Presence in International Fairs 2017

By: Panama Embassy  Panama participates in Inauguration of Vakantiebeurs 2017 The Embassy of the Kingdom of the Netherlands participated in the inauguration of "Vakantiebeurs 2017", the most important tourism fair in the country, which was held at the Jaabeurs, Utrecht Convention Center. The opening ceremony was attended by the Mayor of Utrecht, Jan van Zanen, followed by the Presentation of the Chairman of the Rabobank Executive Committee and the Director NBTC Holland … [Read more...]

Medical Tourism – Panama

PANAMA MEANS BUSINESS / Annual Review & Commercial Directory 2015/2016 FOCUS Publishing group Medical Tourism The cost of healthcare in industrialized countries has created medical tourism with patients from Europe, the United States and Canada looking for cheaper treatment abroad. Panama is taking advantage of this budding industry with private hospitals offering medical holiday packages. Procedures can be 40 to 70 percent cheaper in Panama than in the United States, according … [Read more...]

Developing the Country Through Tourism – Panama

PANAMA MEANS BUSINESS / Annual Review & Commercial Directory 2015/2016 FOCUS Publishing group Developing the Country Through Tourism - Panama Tourism is a growing industry in Panama. Europeans, Canadians, U.S. citizens and South Americans are choosing Panama as a holiday destination that offers great shopping, food, sun, sea, adventure and ecotourism. Another plus for Panama is that nationals from 119 countries do not need visas to visit. This industry generates nearly 135,000 … [Read more...]

Requirements to Open a Company in Panama

PANAMA MEANS BUSINESS / Annual Review & Commercial Directory 2015/2016 FOCUS Publishing group   These are the steps you need to follow to open a business in Panama. Please note that you will need the service of a qualified accountant and lawyer, who will present your request to the authorities. Create a limited company (Sociedad anónima S.A) Around 90% of Panamenian companies use the S.A, system. It offers protection to the identity of the shareholders, limits the … [Read more...]

Panama, your next Relocation Destination!

Panama, your next Relocation Destination!  Hello again from Panama Wow! Was that an election or what? Yesterday, on Wednesday, after the election in the U.S. the Canadian immigration website temporarily went down due to heavy volume from people seeking options from politics. We speak to people almost daily that are seeking options for retirement, investing, starting a business, vacationing, etc. It seems no matter what country they come from Germany, France, the Netherlands, … [Read more...]