As you prepare for your journey to Panama, one of the fundamental aspects to grasp is the country's monetary system and banking infrastructure. To help you better understand Panama money and what is the currency in Panama we will delve into the intricacies of the...
Banking in Panama
Opening a Bank Account in Panama as a Foreigner
Panama, renowned for its stable economy and thriving banking sector, has become an attractive destination for foreigners seeking to establish an offshore financial presence, and a bank account in Panama. With its robust financial infrastructure and favorable...
How to open a bank account in Panama
Considering moving to Panama or doing business in Panama? Where and how you do banking in Panama is something you need to think about, and with priority. If you are relocating to Panama, either as an expat, retiree, or investor, chances are you have a bank account...
Five important steps to take to open a bank account in Panama
Offshore investment remains steady in Panama, and that means lots of opportunities for business and banking. One of the most functional and feasible options in this region when it comes to business, retirement, or relocation is to open a Panama bank account as soon as...
The growth and future of mobile and e-payment commerce in Panama, explained.
Panama has been trying to market itself as a Latin American tech hub for quite some time now, and with mobile payments and e-commerce, they’re keeping to that promise. Although Latin America, in general, has been slower than other parts of the world to adapt to the...
New Panama Property Tax Withholding Law Goes into effect January, 2019
Panama’s Ministry of Finance issued a decree requiring real property lenders to withhold funds on mortgages to pay for the property tax. The new decree takes effect on January 1, 2019. In addition, another decree around the same time provides benefits to primary...
Immigrating to Panama from South Africa: What you need to know
For many in South Africa, the turmoil and uncertainty of recent years has become just too much, and staying put no longer seems like a good option. Right now, thousands of landowners in South Africa are under danger of either losing their land, or even worse, their...
Mobile Pay, E-Commerce Gains Momentum in Panama
Panama has been trying to market itself as a Latin American tech hub for quite some time now, and now with mobile payments and e-commerce, they’re keeping to that promise. Although Latin America, in general, has been slower than other parts of the world to adapt to...
Panama’s Economy Closes 2015 With Positive Growth
Panama’s economy over the past six years, on average, has grown by nearly double digits. However in 2014, the economy slowed down a little bit, causing some to be cautious. Now, as we head full steam into 2016, it appears the slowdown was merely a hiccup, and Panama’s...