About Panama

IDB approves US$30M Panama loan

The Inter-American Development Bank (IDB) has approved a US$30M loan to Panama for a rural electrification program, which will encourage investment in renewable energy projects such as small hydro power. The program will promote public...

Living & Investing

Goverment Sales

Due to a change in the Panamanian Law, there is a change of the Auction Process. The process had been changed that instead placing a 'sealed offer', a bidder is now able, if qualified, to participate in a REAL TIME AUCTION NEWS*: Due t...

Real Estate

Are People Happier in Panama?

According to a recent study conducted by the (NEF) New Economics Foundation, Panama was ranked the 5th happiest of 178 countries. Interestingly enough, the United States came in 150th and Canada slightly better at 111th. NEF's new glo...

Living & Investing

Clayton - Panama Realtor's Pick of the Quarter

Clayton is located in the old Canal Zone, on one of the former Military Bases of the United States. It is positioned at the opening of the Panama Canal directly in front of the Miraflores locks. It is in an area of high appreciation an...

Living & Investing

Terms & Conditions for Residential Mortgages with Scotia Bank

General Conditions: Appraisal of the property being financed. The cost of the appraisal will be assumed by the Bank. The Bank’s percentage of financing is based on the lower of the appraised value or purchase price. ...

Financing

Crime in Panama

While Panama is a relatively safe country, much safer than most large metropolitan cities world-wide, there are occasional instances of crime. For the most part, crime in Panama consists of petty theft. You might find that an unattende...

Living & Investing

Foreigners Rights regarding ownership of Property in Panama

Ownership of real property and/or private investment in it, is guaranteed and protected by Panama's Constitution under Article 44. It reads: " ... Private Property is guaranteed as long as it is acquired in accordance with the l...

Real Estate

Helpful Guidelines When Hiring Domestic Help in Panama

The definition of a domestic worker is one who lends in a habitual and continuous way, cleaning services and assistance with the household and/or with a person or members of a family. There are some very important parts to the Pan...

Living & Investing

Common types of Residency Visas in Panama

In recent years the Republic of Panama has asserted itself on an international level as one of the best retirement locations world wide. This is due to several factors including: Panama has a comfortable climate. Panama ha...

Living & Investing

What to know when Relocating your Pet to Panama

In many cases, pets are valued as family members as much, if not more, than our traditional two legged members.  As a result, their comfort and safety when traveling are as big a concern as ours.  The following provides infor...

Living & Investing