Tropiland Panama Blog Investment and retirement real estate specialists in Azuero peninsula, Panama. Statistics Unique Visitors: Total Unique Visitors: Outgoing: Total Outgoing: 5 0 1 1645

Articles from Tropiland Panama Blog

Panama Ratifies US Trade Deal 2007-08-05 09:27:00 Source: tax-news.comLast week, Panama's legislature ratified the free trade agreement with the United States which had been signed by the two governments late in June. The Panamanian congress voted 58 to 3 in favour of the agreement. The United States and Panama launched negotiations on a free trade agreement in April 2004, and the final agreement incorporated amendments derived from a negotiation between the Bush Administration and Congressional leadership. Nonetheless, US Congressional approval is not a done deal. Governmental signing of the agreement took place two days before the expiration of President Bush's authority for "fast track" trade promotion at the end of June, meaning that the Congress must approve or reject the agreement without making changes. No vote is currently scheduled. The United States had a goods trade surplus with Panama of $2.3 billion in 2006, and is Panama’s largest trading partner. Total goods trade between the United Sta ...

Panama's GDP growth best in Latin America 2007-08-04 11:16:00 Panama's economy will have the best performance of any country in Latin America this and next year, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) forecasts.Panama's GDP should grow by 8.5 percent this year and another 7.5 percent next year, ECLAC says in a new forecast released today. That's better than any other country in Latin America and also confirms earlier forecasts from the International Monetary Fund (IMF) predicting Panama as Latin America's star economy in 2007 and 2008. Read full article here.For more info on this subject and many more, visit TropilandPanama ... America

Term of Tourist Visa In Panama Reduced to 30 Days 2007-07-08 18:11:00 The recent "tourism" visa changes in Panama have stirred-up a lot of reactions (both negative and positive) from foreigners and Panamanian alike. The following article fully represents the views of this blog regarding this matter and is presented in its entirety for viewing and research needs:By Lic. Alvaro AguilarLaw 15 of 2007, entered into force upon its publication on May 25, 2007, which reduces the duration of Panamanian Tourist Visas from 90 days, with a 90 day extension (originally in force since 1995), to 30 days with a 60 day extension. While European Union Schengen Treaty citizens are exempt from a Panamanian visa requirement to enter and US citizens are sold a $5 "tourism card" as reciprocity visa upon entry, all foreigners are subject to this 30 day limit. The Immigration website has a list of the current visa requirements by country. The Law was submitted as Bill 292 of 2007 "whereby measures are enacted for the protection of citizen safety" by Olga Golcher, Minister of G ...

Term of Tourist Visa In Panama Reduced to 30 Days 2007-07-08 18:11:00 The recent "tourism" visa changes in Panama have stirred-up a lot of reactions (both negative and positive) from foreigners and Panamanian alike. The following article fully represents the views of this blog regarding this matter and is presented in its entirety for viewing and research needs:By Lic. Alvaro AguilarLaw 15 of 2007, entered into force upon its publication on May 25, 2007, which reduces the duration of Panamanian Tourist Visas from 90 days, with a 90 day extension (originally in force since 1995), to 30 days with a 60 day extension. While European Union Schengen Treaty citizens are exempt from a Panamanian visa requirement to enter and US citizens are sold a $5 "tourism card" as reciprocity visa upon entry, all foreigners are subject to this 30 day limit. The Immigration website has a list of the current visa requirements by country. The Law was submitted as Bill 292 of 2007 "whereby measures are enacted for the protection of citizen safety" by Olga Golcher, Minister of G ...

Panama National Land Management Program (PRONAT) 2007-07-05 19:56:00 Source: dgMarket.comPanamanian National Land Management Program (PRONAT).The program's objective is to promote land tenure security in order to facilitate access to credit and Panamanian land investment aimed at economic growth, thereby facilitating rural poverty alleviation in Panama. The PRONAT has identified the rural, peri-urban and urban areas of the Provinces of Herrera, Los Santos, Veraguas, Cocle and Colon as the areas where the project would be implemented. To achieve the project's objective, it would be necessary to address the following issues: (a) security of tenure; (b) access to land; (c) high land market transaction costs, and (d) the provision of supplementary services (technical assistance, education, financial services, conflict resolution and the like). The proposed program would expand PRONATs geographic coverage, and strengthen the institutional and technical capability of the entities responsible for land titling and administration in Panama.The progra ...

Panama National Land Management Program (PRONAT) 2007-07-05 19:56:00 Source: dgMarket.comPanamanian National Land Management Program (PRONAT).The program's objective is to promote land tenure security in order to facilitate access to credit and Panamanian land investment aimed at economic growth, thereby facilitating rural poverty alleviation in Panama. The PRONAT has identified the rural, peri-urban and urban areas of the Provinces of Herrera, Los Santos, Veraguas, Cocle and Colon as the areas where the project would be implemented. To achieve the project's objective, it would be necessary to address the following issues: (a) security of tenure; (b) access to land; (c) high land market transaction costs, and (d) the provision of supplementary services (technical assistance, education, financial services, conflict resolution and the like). The proposed program would expand PRONATs geographic coverage, and strengthen the institutional and technical capability of the entities responsible for land titling and administration in Panama.The progra ...

US Consulate On Buying Land In Panama (Panama News, Vol.10, No.14) 2007-06-13 13:52:00 The following is general information on purchasing real estate in Panama. It is not to be construed as legal advice. The different categories of Panama real esate make it imperative to engage professionals for more detailed information. Panama real estate laws on the mainland can be quite different than Panama real estate laws on islands, coastal areas, and areas near national borders.Generally, there are two very different ways to buy real estate in Panama: 1) the purchase of titled property, and 2) the purchase of rights of possession (derecho posesorio). Titled land in Panama, and the process of buying this, is similar in concept to that in the US, and land and deeds are duly recorded with the Public Registry (Registro Público). "Rights of possession" is an entirely different process, a kind of squatter's or concession rights. For rights of possession on the mainland, it might be possible to convert this later to a titled property; on islands and coastal and border areas, it is mu ...

US Consulate On Buying Land In Panama (Panama News, Vol.10, No.14) 2007-06-13 13:52:00 The following is general information on purchasing real estate in Panama. It is not to be construed as legal advice. The different categories of Panama real esate make it imperative to engage professionals for more detailed information. Panama real estate laws on the mainland can be quite different than Panama real estate laws on islands, coastal areas, and areas near national borders.Generally, there are two very different ways to buy real estate in Panama: 1) the purchase of titled property, and 2) the purchase of rights of possession (derecho posesorio). Titled land in Panama, and the process of buying this, is similar in concept to that in the US, and land and deeds are duly recorded with the Public Registry (Registro Público). "Rights of possession" is an entirely different process, a kind of squatter's or concession rights. For rights of possession on the mainland, it might be possible to convert this later to a titled property; on islands and coastal and border areas, it is mu ...

Tropiland now part of the Technorati Family 2007-06-06 16:51:00 View our Technorati ProfileFor more info on this subject and many more, visit TropilandPanama ...

Tropiland now part of the Technorati Family 2007-06-06 16:51:00 View our Technorati ProfileFor more info on this subject and many more, visit TropilandPanama ...

Investing Ahead of the Growth Curve 2007-06-06 15:31:00 Every day more and more investors and individuals alike consider the Azuero peninsula (and the Panama Interior in general) for their investing and/or retiring plans. This post highlights the basic resons governing this shifting in Panama real estate today.  This blog would like to thank Matt Landau for this eye-opening article."I’m neither an optimist who thinks Panama is paradise on wheels nor a pessimist who thinks it’s the dumps. I’m a realist who unfortunately believes the boom in Panama City is getting so out of control that it could eventually implode like a black hole, sucking up all the money invested in it like a jumbo Dyson vacuum cleaner. The amount of speculation driving the real estate market in Panama City is breathtaking. Literally, I sometimes gag when I hear the kind of numbers floating around this place. The amount of money being spent is unfathomable, and for what? No one’s actually getting anything? These are all condos that won’t be built for month ...

Investing Ahead of the Growth Curve 2007-06-06 15:31:00 Every day more and more investors and individuals alike consider the Azuero peninsula (and the Panama Interior in general) for their investing and/or retiring plans. This post highlights the basic resons governing this shifting in Panama real estate today. This blog would like to thank Matt Landau for this eye-opening article."I’m neither an optimist who thinks Panama is paradise on wheels nor a pessimist who thinks it’s the dumps. I’m a realist who unfortunately believes the boom in Panama City is getting so out of control that it could eventually implode like a black hole, sucking up all the money invested in it like a jumbo Dyson vacuum cleaner. The amount of speculation driving the real estate market in Panama City is breathtaking. Literally, I sometimes gag when I hear the kind of numbers floating around this place. The amount of money being spent is unfathomable, and for what? No one’s actually getting anything? These are all condos that won’t be built for months, som ...

The Boston Globe, Panama On The Rise: Construction, global interest booming, eclipsing long-range worries. 2007-06-03 14:21:00 Thank You Indira A.R. Lakshmanan for this great article. PANAMA CITY -- Long a freewheeling shipping hub and offshore banking center for the Americas, Panama is enjoying a building boom on a scale unmatched since the construction of its famous canal 92 years ago.The country is luring investors and expatriates worldwide, with interest further boosted by the recent approval of a $5.2 billion plan that will double the canal's capacity.A real estate frenzy fueled by easy credit from Panamanian banks, government incentives, and a saturated US housing market for retirees has attracted speculators and prospective residents from California to Dubai. They are snapping up preconstruction bay-front apartments, highland villas, and the latest luxury development from Donald Trump -- a $220 million residential, office, and hotel complex called Trump Ocean Club, with towers shaped like a yacht sail. Two rival Spanish projects are vying to build the tallest skyscraper in Latin America at about ...

The Boston Globe, Panama On The Rise: Construction, global interest booming, eclipsing long-range worries. 2007-06-03 14:21:00 Thank You Indira A.R. Lakshmanan for this great article.PANAMA CITY -- Long a freewheeling shipping hub and offshore banking center for the Americas, Panama is enjoying a building boom on a scale unmatched since the construction of its famous canal 92 years ago.The country is luring investors and expatriates worldwide, with interest further boosted by the recent approval of a $5.2 billion plan that will double the canal's capacity.A real estate frenzy fueled by easy credit from Panamanian banks, government incentives, and a saturated US housing market for retirees has attracted speculators and prospective residents from California to Dubai. They are snapping up preconstruction bay-front apartments, highland villas, and the latest luxury development from Donald Trump -- a $220 million residential, office, and hotel complex called Trump Ocean Club, with towers shaped like a yacht sail. Two rival Spanish projects are vying to build the tallest skyscraper in Latin America at about 100 sto ...

Panama Property Checklist 2007-06-02 10:25:00 So you’ve found your dream property in Panama and you need to know what steps you need to take to ensure that it is going to be transferred safely and securely in your name (or the name of the legal entity of your choice). We have compilled a list of our top-ten prerequisite checks that will guide you through any real estate transaction in Panama: 1. Title check: If the property is titled (have an “escritura” registered with the Public Registry (Registro Publico), having the title checked is a very simple process. Simply request the "Finca" (lot) number, and have this investigated at the Public Registry. This will show any encumbrances (mortgages or liens) on the property, as well as show the ownership history. It is also useful to confirm the registered surface area of the property, and that the person who is selling the property is the actual owner.2. Rights of Possession - You cannot "purchase" rights of possession. But you can have them transferred to you. It is particularly ...