Panama Real Estate Blog

Why Iran is No Good for Latin America
External involvement in Iran has continued to draw criticism from various quarters, however with the recent and apparently blatant fraudulent activities around the recent elections, many of the critics are now raising an eyebrow and considering alternative viewpoints on the country of Iran.
Clashes between government forces and their [...]

Telecommunications Security Law
The debate regarding telecommunications security, within which operators of telephones, cellular phones and internet providers will be required to retain information of the users of their services. Concerns regarding the invasion of privacy have arisen at the mention of this proposed Law Number 28, of which the Ministry of Government and Justice stated [...]

Panama reaffirms its withdrawal from Central American Parliament
Panama’s Foreign Ministry has confirmed their intention of withdrawing from the Central American Parliament, based on the reasoning that the statutory group has not really contributed anything value in terms of addressing region specific problems within Central America.
The Foreign Minister, of Panama, Mr. Juan Carlos Varela has submitted [...]

Torrijos: ” Se investiga supuesto atentado contra Martinelli”
El Presidente de la República, Martin Torrijos reaccionó a la denuncia hecha por el candidato presidencial del Cambio Democratico, Ricardo Martinelli, donde indicó que fue alertado por un supuesto plan para asesinarlo.
Torrijos manifestó que se ha manejado de acuerdo a los comunicados expresados por las autoridades. Sin embargo [...]

Added benefits of retirees in Panama
Besides attracting a large amount of investment from expats wishing to retire in Panama, the government and economy further provide a number of attractive benefits and savings for the senior in Panama. These include:
- discounted movies, cultural events and concerts, up to 50%;
- doctor, dental and eye exams, 15 – [...]

Panama is ahead in developing fish and other seafood in the open ocean. Known as aquaculture, this technique is hailed as a sustainable alternative to overfishing the world’s seas and oceans.
Panama’s projects are however different in comparison to the well known ‘land ponds’, with this system rather using cages in the ocean as a means [...]

The former Bank Superintendent, Delia Cardenas, has defended Panama amid tax haven claims, stating that Panama is not a tax haven due to the fact that all people and companies pay taxes in Panama. Cardenas further condemned big countries, as well as the Economic Development and Cooperation Organization for creating the current crisis due to [...]

The Panama Federal government had to bail out several cities and municipalities in 2008, according to a report from the Office of the Comptroller. A total of $4,3 million was granted to 42 out of the total of 75 municipalities across Panama. The highest grant that was awarded was to San Miguelito, which received a [...]

Panama’s Flat Tax
The Cabinet Council of Panama is considering the final approval of allowing tax exemption on energy efficient appliances that comply with certain energy efficiency ratios. The items that are under consideration include refrigerators, airconditioners, freezers, solar water heaters, wind power equipment, fluorescent lamps and energy-efficient washing machines, amongst other energy efficient appliances. The [...]

Over 4½ tons of drugs were destroyed by authorities in Cerro Patacón. The drug stash was primarily made up of almost 4 tons of Cocaine and the balance comprising of heroin and marijuana.
The drugs were burnt in a landfill site, in which the government will install an incinerator within the next 3 months.
Liked this post? [...]