Two new projects in Panama and opening in 2018 – seek to attract convention visitors. With 58,000 square meters (624,000 square feet), Panama’s planned Amador Convention Center (Centro de Convenciones Amador) will be the biggest in Latin America, according to the Panama Tourism Authority, which is developing the project at a cost of […]
Vice President Mike Pence toured the newly expanded Panama Canal Thursday as he wrapped up a truncated trip to Latin America. Pence met with Panamanian President Juan Carlos Varela before departing for Washington Thursday evening. Pence had originally planned to stay in the Central American country overnight but is cutting his trip short so […]
“Panama: The Musical” will be the first Panama musical written in English created to attract tourists from Canada, the United States and Europe and boost the talent of Panamanian actors. The musical work is being promoted in these international markets under the motto “You have not seen Panama until you have seen Panama: the Musical, […]
Ok first, we discuss investment opportunities in Panama. Click on the video below and watch! Here is one such opportunity that I like in my favorite sections of Casco and an great opportunity to renovate a building, lease out the ground floor commercial and live in an apartment with it’s own roof top bar and […]
The government will be presenting a bill in the Assembly that raises the value of housing that can be exempted from payment of property tax up to $120 thousand. From a statement issued by the Ministry of Economy and Finance: The Ministry of Economy and Finance (MEF) presented a bill that establishes the most significant reduction […]
Susie and I recently renewed our drivers licenses here in Panama and the system is great. Took all of 20 minutes and we are good to go for another 5 years. A tender is being launched in Panama for a service to issue driver’s licenses and vehicle ownership cards, as well as issuance of cards for weights […]
Another bit of good news for the environment in Panama. The Assembly approved extending to the forestry sector a program of fiscal incentives, such as exemption of income tax, real estate and introduction, among others. From a statement issued by from the National Assembly: A few months after finalizing a series of prerogatives for forestryactivities, the […]
Generali has entered into an agreement to sell its business in Panama, the latest in a series of exits from Latin American markets for the Italian insurer. The company will sell its Panama City branch, including its insurance portfolio, to ASSA Compañía de Seguros for around $172m (£131m, €145m). Based in Panama City, ASSA […]
Since August 8, the online tax tool for sending reports to the US tax administration has been available online. From a statement issued by the Ministry of Economy and Finance: The General Directorate of Revenue (DGI) announced that, as of today, the IT solution for FATCA & AEOI reports is available. This website can […]
In 2016 44% of foreign direct investment in the region was concentrated in Panama, and a fourth consecutive year of increases was recorded, with 16%, while Costa Rica received 27% and increased by only 1.1%. From chapter I of the report “Flows of FDI in Latin America and the Caribbean”, by the ECLAC: FDI into […]