At the end of May 2007 it has been reported that the Panama Banks have collective assets of over $55,000,000,000 (55 Billion dollars). This is 17% higher than the preceding year (2006). Seventeen percent is very respectable growth by any standards.
Panama Due Diligence Investigations
Our law firm gets contacted by people frequently who are interested in investing money into some project or with some entity in Panama.
Panama Escrow Services
Many of our clients are in need of an escrow based in Panama to buy or sell an asset.
Panama Gets a New Cruise Port in Colon
Today it was announced that Panama is opening a new cruise ship port and terminal in Colon on the Atlantic side.
Panama Investment Corporation
Investment corporations, also known as investment funds, are institutions of collective investment.
Legal Details for Panama Offshore Corporations
In Panama, two or more natural persons may create a corporation by executing a charter of incorporation.
Live on Yacht Tax Free
This is a new concept but one that is gaining in popularity. This is for the nautically inclined only with boating skills that are developed.
Louis Vuitton and Chanel Come to Panama
Multiplaza Mall in Panama City is now host to a Louis Vuitton Shop and a Chanel Store.
Ice Tower Failed – Panama Real Estate Bubble Bursting Now?
Today (06/23/07) one of our major Panama newspapers carried the story of Ice Towers failing to move ahead to completion.
Ice Tower Fails to Complete – Further Update (6/25/07)
We recently reported that Ice Tower in Panama City announced it was not going to be built and that they were going to refund money to the investors.
Identity Document Scams
These are sold on the Internet. Legitimate ones are issued by the recognized auto club in your country and are ONLY valid with the normal government issued drivers license.
Is Panama Returning to the 90-Day Tourist Visa?
The length of the tourist visa that has been reduced to 30 days from 90 days (first reported: Panama Tourist Visa Changes) is on schedule to be readdressed in a special session of the Panama Legislature to be held in Mid-July.