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Qualified Investor Requirement is Increasing in October

Remember the Qualified Investor Visa we posted about at the beginning of the year? Well, we warned you that the price tag would almost double in a couple of months time. And the time limit is almost here. The qualified investor requirement is increasing in October! The qualified investor requirement is increasing on October 15th, from $300,000 up to $500,000 in three weeks.  You …

No More COVID Requirements to Enter Panama!

At last! No more COVID requirements to enter Panama. One of the most frequently asked questions we get from our clients was what they needed to enter the country. Starting from September 16th, the vaccine and testing requirements, as well as the mandatory QR code form have been lifted. This came as a result of an Executive Decree that was signed by the president …

The Fourth Bridge Over The Canal

The Panama Canal is one of the seven modern wonders of the world.  It is the engineering marvel that has placed Panama at the crossroads of the Americas and made this country a trade and logistics hub serving not just the region but the world.  It has brought great prosperity to Panama and helped interconnect the planet during a period of rapid globalization.  Dividing …

Panama’s New Airport Terminal

Panama’s new airport terminal is here.  If you’ve ever flown into Panama City via the Tocumen Airport, you know it’s a modern, clean and efficient international airport.  Despite receiving up to 360 daily flights as of June 2022, it also rarely feels crowded.  Seeing around 12 million passengers per year, layovers still tend to be a breeze. Tourists can usually get through immigration, grab …

Panama’s Golden Visa Spurs Real Estate Investment

Panama’s new Golden Visa offers foreign investors permanent residency in Panama immediately upon approval, with no need for a physical presence in the country.  With a single real estate purchase valued at a minimum of $300,000 (increasing to $500,000 as of October of 2022), you could become a permanent resident in Panama in as quickly as 30 days, even before your first visit to …

Panama Leads E-commerce Growth

As a country that has adapted quickly to many of the challenges it has faced in its short history and emerged triumphant every time, Panama continues to shine, even in markets as hotly contested as e-commerce in Latin-America in 2020 and 2021. The Latin-American market was predicted to be the fastest-growing market globally with about $200 billion in revenue. While many markets were on …

Peruvian Investors Look To Panama

On July 28, 2021 Pedro Castillo was  inaugurated as the next president of Peru in a closely contested election.  Castillo is a member of the left leaning Free Peru party, and has  alternatively been described as an agrarian leftist, populist and socialist by political analysts.  His meteoric rise to power has shaken Peru’s business and political elite, and has left many Peruvians fearing a …

30 Day Investor Visa for Panama

One of the things that make Panama such a great country for expats, is the ease to get residency in comparison with other nations. One of the most popular categories is the Friendly Nations visa, but with changes coming in the future to that program, many are starting to look around for other options. If you’re looking to call Panama your home, the 30 …

Panama to Grow 9.9% in 2021: World Bank

The World Bank has released their global estimated growth rates for 2021, and Panama is leading the pack.   Latin-America and the Caribbean have been one of the regions most economically affected by the COVID-19 health crisis, having suffered an  economic decline of 6.7% during 2020. However, there is light at the end of the tunnel, with forecasts estimating that the region will grow an …

3rd Line of Subway Breaks Ground

Panama City never stops growing, as evidenced in part by the city’s ever expanding Metro lines. Panama’s  Metro system has been of one of the capital’s most transforming infrastructure projects, and commencement of construction on the third line has been eagerly awaited. Hyundai Engineering and Construction, in conjunction with Posco E&C, will undertake the next phase of this engineering marvel. The third subway line …

New Multinationals Coming to Panama

Four new multinational enterprises are coming to Panama: Two from China, one from the United States of America, and one from Mexico, joining more than 160 multinationals that are already established in the country. Panama remains the country of choice for many international businesses due to its very generous SEM Program (SEM stands for Sede de Empresa Multinacional)   The SEM Program, which provides …

BaseCamp Establishes A New Tech Park In Panama

Panama has been actively on a  mission to become one of the world’s most important business hubs and has taken strong steps toward that goal in the last years. With over 160 registered multinationals in the country, many enterprises across the world have found their home in this Central-American nation, thanks to the generous benefits the country offers, and the list keeps growing every …

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