“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 […]
For failing to comply with minimum capital requirements, the Superintendency of Insurance has ordered the intervention into Alliance Re Reassurance Suisse S.A. for a period of six months. For failing to comply with article 47 of the insurance market law, the Board of Directors of the Superintendency decided to take over operation of the reinsurer for 180 days. In addition to breaching […]
It was good news to hear of Wild Bill’s prison sentence. This guy was an animal and believed to have committed more murders. He will rot in prison as he should. U.S. citizen William Dathan Holbert was sentenced to 47 years in prison by a court in Panama for robbing and killing five other […]