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What you need to know about Rights of Possession in Panama The real estate boom witnessed in Panama in the last few years is not confined only to the city, but has spread throughout the Provinces, especially to Chiriquí, Veraguas, Bocas del Toro, Colón and Los Santos, where we constantly hear of investors purchasing the… Read More
Law 32 of 1927, “the Panama Corporation Law”, (amended indirectly several times, being the most profound amendment provided in Decree Law No. 5 of 1997, that allows corporations to be directors and officers) contains the rules and principles that regulate the creation and organization of this legal entity. Panamanian corporations have maintained and preserved their… Read More
Due to the numerous advantages offered by this our, in recent years, the Republic of Panama has asserted itself on an international level as the “best retirement location in the world”. A varied climate, the use of the dollar as the currency, the accessible real estate market and an international banking center, all of which… Read More
During recent years, Panama has become a top destination for tourists, investors and retirees from all over the world. Most retirees or “pensionados” come looking for friendly, secure and affordable communities, such as Boquete, the Caribbean islands of Bocas del Toro, the Pacific beaches and, of course, cosmopolitan Panama City. Incentives for tourism investments were… Read More
Throughout history, many countries have experienced economic, political and social instability. We are not that far away from such experiences, and as such, negative thoughts concerning dissolutions of banks, fraudulent business deals and even personal financial setbacks cross our minds. The latter are reason enough to encourage us to try to minimize or if possible… Read More
Buying a home is, for many of us, the most substantial, single investment we’ll ever make. Knowing this, most homeowners provide for the security and safekeeping of their homes by insuring them against hazards such as fire, theft and weather damage. Yet, another hazard can pose an even greater risk to home ownership: defects in… Read More
With many retirement communities being developed and planned within the United States, Panama is following suit with some appealing options of its own. Just a few hours away by plane, reasonably priced and with a great climate all year round, it seems like residential communities in Panama just might have even more going for them… Read More
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