The recently approved Law 80 on tourism in Panama has granted incentives to companies who develop maritime tourism infrastructure. I have reported on this before that it will be a boon to development, especially along coastal areas like Boca Chica. Considering that it can take years to get approval for a marina project here in […]
First let’s put the deficit spending here in Panama in perspective. Reported by Don Winner of the Panama Guide. An International Monetary Fund (IMF) mission, headed by Corinne Deléchat, visited Panama between November 6-16 to conduct the country’s annual Article IV consultation.1 At the end of the discussions, Ms. Deléchat issued the following statement in […]
What to do with all of your Benjamins? I recently opened another IRA and funded a self directed account with one of the largest Trusts in the US. In the course of educating myself about their process for investing, I decided to check on some of the authorization forms and called the client services department. […]
And where not to put it….. We noted several weeks ago that the financial position of Financial Pacific has come under investigation. While not huge by banking standards, they do have around $120 million in asset base and their advertising suggests that they are growing. At first they had a shortfall of around $7 million […]
The plans for a new 4 lane Pan- America highway will greatly impact Chiriqui, specifically the coastal markets serviced by it. From my home in Boquete, it would take 3 hours to get to Santiago, with the highway probably only 2. More importantly, if I want to go to Santa Catalina and the coast most […]
One of the prettiest Islands off shore here in Chirqui is Coiba. The problem is that no one exploits it. The government needs to open this park island up for public private development. Perhaps with the new law here will be incentives to do this and other areas here in Chiriqui. The Panamanian National Assembly […]
With the widening of the Panama Canal to access the new larger vessels that intend on transiting Panama comes the need for new taller bridges that will allow the wider and taller ships to pass under them. Vinci Construction Grand Projets was awarded the construction of the fourth bridge over the Panama Canal for $366 […]
Here is a great Wall Street Journal article on a couple that sold everything and decided to travel on a permanent basis, seeing the world. How one couple walked away from all they owned and are putting down new roots— one country at a time. By LYNNE MARTIN I’m 70 years old. My husband, Tim, […]
So you own a Panamanian Corporation and have bearer shares issued in your name sitting in your safe and you are off the grid, so you think. The new law that will be implemented, not if but when, will require custodial care and registration of your shares with the government. The immobilization of bearer shares […]
The largest and wildest of the Panamanian provinces holds promise for the development of ecotourism and attracting investor interest. Located on the Panama and Colombian border there are places where it has the most impenetrable jungles in Panama. You can get bitten, stung and even eaten by a big jaguar out there if you are […]