Archive for February, 2009
Bocas del Toro has been one of the staple destinations for anyone visiting or moving to Panama. With clear turquoise water, dream-like sunsets, and a constant air of tranquility, Bocas is the place to be.
That’s right. Anyone can do it. Panama Offshore Corporations are regulated by Law 32 of 1927. Due to the territorial tax law that exists in Panama the corporations can be either onshore or offshore.
Onshore Corporations are those in which the business activities are carried in the Republic of Panama (the income and profit is produced in Panama).
Panama has over three thousand kilometers of coastline. We can add to this the fact that there are thousands of islands inhabited and uninhabited by people. There have always been disputes about maritime law, the coastal and island possessory rights and the titling of islands and coastlines.
No, I am not talking about conferences, or about RE fairs, or even about business dinners. I am talking about what happens after papers have been signed, condos have been seen, and hands have been shaken. What goes on in Panama when the sun sets?
The International Financial Sector is experiencing a historic transformation. We have all witnessed the fall of Meryll Linch, Lehman Brothers, Fannie Mae and Freddie Mac in the US alone, with ripple effects felt as far as Tokyo. We have also witnessed the individual and concerted country strategies to deal with the disastrous consequences of each fall, trying to reinstate some calm to the global marketplace.
While most people visiting Panama choose the sandy beaches offered by this our beautiful isthmus, there are some others that prefer the cool weather and the amazing landscapes. Cerro Azul is in an area of Panama that is virtually undiscovered except by locals who frequent the various spas and restaurants.
The number of passengers who traveled with Copa Airlines between January and September 2008 grew 15.1% over the same period last year. The carrier moved through the airport of Tocumen 2.07 million passengers, 273 thousand more than the previous year.