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Most of the biggest banks in Panama require clients to be either citizens or residents of the country (or in the process of obtaining residency in Panama) in order to open a bank account.

The commercial real estate market in Panama is experiencing a stable recovery following the COVID-19 health crisis and is now entering a new phase of expansion.

There are 11 different ways for foreigners to obtain work permits in Panama. Each option serves specific purposes and caters to various employment scenarios.

The adviser to the Ministry of Economy and Finance (MEF) reported that the country has experienced a notable recovery, far exceeding the rest of the region, for which reason they anticipate that 2023 will have solid growth.

In depth explanation of how real estate taxes work in Panama.

Expo Vivienda Capac 2023 is one of the most important real estate fairs in the country and the latest fair registered sales of houses and apartments of more than $130 million.

Panama is an appealing destination for living and conducting business, offering a secure environment, favorable tax policies, stable infrastructure, and a thriving international community.

The National Migration Service (SNM) reported that during the “2022-2023 Cruise Season” they have served over 400,000 people between passengers and crew, who arrived in Panamanian waters on 67 cruise ships.

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.