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...
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 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...
Offshore investment is growing rapidly, and one of the most functional and feasible options in this region is to open a bank account in Panama. Panama has long had a reputation for secure offshore banking, and has very favorable laws for both offshore investors, and...
Earlier this month, economic relations between Colombia and Panama became tense after Colombia threatened to put Panama on their so-called “tax haven” list. The list, which Colombia uses as a basis for financial transparency, is comprised of countries who either don’t...
Panama is a great place for foreign investment, and many people are deciding to either move their business there, or start a new one. If you’re still on the fence about whether or not Panama is the right fit for you, check out these reasons. Here are 10 of the...
The Internal Revenue Service (IRS) announced May 2nd, 2014 that the years 2014 and 2015 will be “transitional periods” in regards to enforcing the Foreign Account Tax Compliance Act (FATCA) regarding withholding funds. This applies to foreign financial institutions,...
Panama’s economy has been growing at a steady pace for the greater half of the past decade. Foreign investment is on the rise, jobs in the private sector are plentiful, and domestic growth is higher than it’s ever been. As Panama’s economy grows, so does the amount of...
The difference between corporate and personal offshore bank accounts in Panama is like any other bank accounts around the world. An offshore bank account is one opened in another country which is why it is called an “offshore” account. A personal offshore bank account...
