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Panama allows foreigners to open bank accounts, but they must provide more documentation for due diligence compared to European or North American banks. Requirements All documents must be recently dated (usually within three months). Documents Various banks might require more information, for example, the wellspring of assets you mean to store. There are distinct application […]

Panama offers different types of immigration residency visa programs, from temporary or permanent residency permits to full citizenship and Panama passports.

Panama provides a high standard of living, favorable tax laws, a tropical climate and friendly locals. The following are some important considerations if you’re thinking about moving to Panama.

The Panama Metro announced the start of the blank running period without passengers, within the project known as the Line 2 Branch, which connects with the stations of the Higher Specialized Technical Institute (ITSE) and the Tocumen Airport.

It consists of the construction of a 1.7 kilometer long viaduct and the rehabilitation of the four lanes of the Pan-American highway, from the highway exit to the El Espino sector in the district of La Chorrera.

The month of January 2023 saw a total of $42,018.64 thousand in collections to the Horizontal Property Regime (PH) of the Ministry of Housing and Territorial Planning (Miviot). These include 704 new real estate units, commercial and residential.

The Reverted Assets Administrative Unit (UABR) of the Ministry of Economy and Finance (MEF) has documented that private investment in the Amador Causeway exceeds $70 million, which has generated direct income for the institution in the form of rental fees for more than $30 million.

The Panamanian economy in 2022 recovered strongly according to the reports of the World Bank (WB), Economic Commission for Latin America, Caribbean (Cepal),and the International Monetary Fund (IMF).

The Quarterly Gross Domestic Product (GDP) of Panama registered an increase of $11,317.7 million or 9.5%, with respect to the similar period of the previous year.

According to the General Directorate of Leases of the Ministry of Housing and Territorial Planning (MIVIOT), a total of 1,941 lease contracts have been processed in Panama from January to November 2022.