2014 Big Year in Panama

January 21st, 2014

2014 should go down in history in Panama as the year of new beginnings with several new developments and completions set to happen this year. Here are some of what to expect in 2014.

The Metro

New Metro Subway in Panama

New Metro Subway in Panama

With all of the traffic explosion over the last several years in Panama we are anticipating the opening of the new subway system, ‘The Metro’, in Panama. The construction is expected to end for the first line in early 2014. Many of the subway cars have been delivered and the President, Martinelli has already participated in a test run of the system. The first line runs from Albrook to Los Andes. Eventually several lines will be completed alleviating much of the traffic congestion in the city. It is estimated up to 1.5 million people will use the Metro system. This project comes with a 1.8 billion dollar price tag.

Cinta Costera III

In recent years we have seen much of the traffic alleviated along Avenida Balboa with the expansion of the road to double the capacity of traffic with addition of several more lanes and the addition of Cinta Costera. This landmark has visually as well as functionally much improved on of the main thoroughfares of the city, not to mention added a much needed boardwalk, parks and place for the Panamanians to enjoy their sports and sunday afternoons.

The Brazilian group called Odebrecht, which is responsible for the construction of the Metro is also involved in the building of Cinta Costera III which is the marine viaduct highway that links Avenida Balboa with the Avenue of the Poets. This road encircles Casco Veijo and has been the topic of much controversy over the past several years due to the fear that the road would hinder the value of the beautiful historic site in Panama. This viaduct is set to be open to the public mid 2014.

The Biomuseo

Biomuseo Panama

Biomuseo Panama

Mid 2014 it is expected that the Biomuseo will open on the causeway. This is a colourful house of cards that can be seen as you cross the bridge of the Americas. The architecture is designed by Frank Gehry. The museum which houses eight galleries will explain how Panama has changed the history of the world as well as combining botanical gardens to experience nature in the exhibits.

Election Year

2014 also marks another election year in Panama. The Democratic Change Party has nominated Jose Domingo Arias as their candidate to succeed Martinelli. The Democratic Revolutionary Party declared Juan Carlos Navarro, a former Mayor of Panama City as their candidate. The Panamistas proclaimed the current Vice president of the country, Juan Carlos Varela as their candidate. The billboards are already appearing along the roadsides with advertisements for the various candidates. The elections will be held in June.

New Airport

Scarlett Martinez International Airport Panama

Scarlett Martinez International Airport Panama

The new airport in Rio Hato, ‘Scarlett Martinez’, is set to start their first charters with Sunwing coming out of Canada starting in February of 2014. This will make for a quick transport for the local resorts in the area. The airport is only about 3 minutes from the Decameron, 5 minutes from Playa Blanca, 10 minutes from The Breezes Sheridan and 30 minutes from Punta Chame Club and Resort.

Real Estate Boom

with all the new activity in Panama it is speculated that 2014 could be the beginning of Panama’s next real estate boom.

All in all it looks like a good year for Panama. Let’s see how everything pans out!

Panama Offshore Banking

August 21st, 2013

Offshore banking is becoming more and more popular. For some people this may seem like a strange term, but for those who are engaged in the financial sector, there is nothing strange about it. For those who don’t know, offshore banking is having an account at a bank or financial institution overseas—outside of the business structures where you are. So what are the benefits of offshore banking in Panama? The first is for the flexibility of access to your money. Second isthe ability to maintain very large transactions and also to run international transactions.

Even more importantly to some, offshore banking is also useful for confidentiality and outmaneuvering taxes. In a positive connotation, transferring your savings to a low tax country is a worthwhile investment as it saves costs. Offshore banking provides protection to your assets against liability issues, and keeps your money out of the reach of creditors.

While there are a variety of reasons of why people want to save and keep their money in offshore banks, everyone has their own reasons. I personally suggest consulting with an attorney before you decide to open an offshore account in a country like Panama, because some countries prohibit their citizens from opening offshore accounts. Some countries’ regulations aim to prevent the flight of capital investments abroad, for the purpose of money laundering or tax evasion.
The initial deposit money that you need to open an offshore account in Panama, perhaps will be different if you want to open an offshore account in Switzerland. Opening an account outside the country does not mean we have to go to the country. In the internet era, we can take care of this online. If there is a foreign bank representative in your country, you can consult with them and tell them about your needs.I am sure they would be happy to assist you.

With billions of dollars invested in offshore accounts, it is not difficult to imagine that there are people or institutions that provide this kind of account creation services. But for those who want to open a personal account with a minimal amount, you’re going to need to know more about the offshore banking service. There are several locations with the goal of saving money, for example in Panama, Switzerland, Cayman, Singapore, Luxembourg and the Caribbean. These countries offer highly confidential data and regulations that protect your money from the reach of the law in other countries. In addition to services that are highly sophisticated and professional, of course. Panama, for example, is a country that offers the lowest taxes for their offshore banking. So you earn high interest to invest in the region with the highest growth in the world without leaving your seat. These countries, including Panama, are also known as a tax haven countries.

Good networking, knowledge and experience with offshore banking are the gateways to prosperity. Provided the money isn’t used for illegitimate business or other illegal affairs, the return is always a lot more than the initial investment. Have you considered utilizing Panama offshore banking to help grow your assets?

Panama Offshore Banking

November 26th, 2012

bancoOffshore banking is becoming more and more popular. For some people this may seem like a strange term, but for those who are engaged in the financial sector, there is nothing strange about it. For those who don’t know, offshore banking is having an account at a bank or financial institution overseas—outside of the business structures where you are. So what are the benefits of offshore banking in Panama? The first is for the flexibility of access to your money. Second isthe ability to maintain very large transactions and also to run international transactions.

Even more importantly to some, offshore banking is also useful for confidentiality and outmaneuvering taxes. In a positive connotation, transferring your savings to a low tax country is a worthwhile investment as it saves costs. Offshore banking provides protection to your assets against liability issues, and keeps your money out of the reach of creditors.

While there are a variety of reasons of why people want to save and keep their money in offshore banks, everyone has their own reasons. I personally suggest consulting with an attorney before you decide to open an offshore account in a country like Panama, because some countries prohibit their citizens from opening offshore accounts. Some countries’ regulations aim to prevent the flight of capital investments abroad, for the purpose of money laundering or tax evasion.
The initial deposit money that you need to open an offshore account in Panama, perhaps will be different if you want to open an offshore account in Switzerland. Opening an account outside the country does not mean we have to go to the country. In the internet era, we can take care of this online. If there is a foreign bank representative in your country, you can consult with them and tell them about your needs.I am sure they would be happy to assist you.

With billions of dollars invested in offshore accounts, it is not difficult to imagine that there are people or institutions that provide this kind of account creation services. But for those who want to open a personal account with a minimal amount, you’re going to need to know more about the offshore banking service. There are several locations with the goal of saving money, for example in Panama, Switzerland, Cayman, Singapore, Luxembourg and the Caribbean. These countries offer highly confidential data and regulations that protect your money from the reach of the law in other countries. In addition to services that are highly sophisticated and professional, of course. Panama, for example, is a country that offers the lowest taxes for their offshore banking. So you earn high interest to invest in the region with the highest growth in the world without leaving your seat. These countries, including Panama, are also known as a tax haven countries.

Good networking, knowledge and experience with offshore banking are the gateways to prosperity. Provided the money isn’t used for illegitimate business or other illegal affairs, the return is always a lot more than the initial investment. Have you considered utilizing Panama offshore banking to help grow your assets?

Panama Copper Mine

November 14th, 2012

Inmet Mine PanamaPanama is also famous for its copper mine. Canadians have controlling interest in Inmet copper mine. Ever wonder why Canada is so popular for its copper production? Actually, most of the copper mines are not located in Canada, and the largest copper mine in the world is located in Panama. This is actually very good for Panama’s economy. Panama copper mines are employing the locals in Panama and improving Panamanian peoples’ average income. It is really an advantage for Canada and Panama. The question is why Panama is not running the copper mine by themselves? The answer is that although their land contains a lot of natural resources in it including copper, they do not have the technology and funding to get it to succeed as well as what other developed countries such as Canada can. This project will have a huge impact on the economic condition of both countries.

M~ SUN1026-ZEBALLOS15Although—according to 2005 data—Chile is the largest copper producer in the world, most of the copper produced from the United States comes from mines which are located in Panama. The vast majority of the mines in Panama are owned by Canadians and Americans, actually.
How is copper so effective at growing the economy? It is one of the most used metals in the world. Copper is a chemical element that is given the Cu symbol (Latin: cuprum). It is one of the best conductors of electricity and heat, and the best for its price. Copper is a very popularly utilized material for industrialization, health, military, and other crafts. The use of copper can be traced back to 10,000 years ago. Before copper, iron and gold are estimated as the first metal used by humans. Copper has a cubic crystal system, physically, and yellow when viewed with a microscope. The ore will be seen to have a color in pink to grayish brown. Elements of the copper presents in nearly 250 minerals, but only a few are commercial. In the primary sulfide precipitate, chalcopyrite (CuFeS2) is the largest, followed by kalkosit (Cu2S), bornite (Cu5FeS4), kovelit (CUS), and enargit (Cu3AsS4). The main copper mineral deposits in the form of oxide is krisokola (CuSiO3.2HO), malasit (Cu2 (OH) 2CO3), and azurit (CU3 (OH) 2 (CO3) 2). Copper can be mined by open pit methods and underground method. The contents of copper are expressed in % (percent). So if the quarry yield is 2.3%, then it means that from 100 kg of ore, it contains 2.3 kg of copper.

inmet mine panama 2Copper metal is very commonly used in the electrical equipment industry. Copper wire and copper alloys are used in the manufacturing of electric motors, generators, transmission cables, home and industrial electrical installation, motor vehicles, electrical conductors, coaxial cables and tubes, microwave tubes, switches, telecommunications and so on. Areas that require electrical conductivity and thermal properties have a high demand for copper, such as for the manufacturing of tubes. Although aluminum can be used for high voltage transmission lines, copper still plays an important role for the underground network and dominates the market of small wires, industrial equipment associated with the solution, the construction industry, aircrafts and ships, roofing, plumbing, home decoration, non industrial  machinery, electrical, machine tools, agricultural machinery, and so on. Copper is really used for various purposes from electrical components, crafts, coins, household items, to biomedical components. Copper can also be combined with other metals to form alloys such as bronze.

Panama Real Estate Investment

November 14th, 2012

BalconyPlayaSerena1

If you’re looking to invest and make money in Panama,realestate investment is a very popular choice. There are a lot of benefits that you can get from investing in Panamanian real estate. It is easily one of the greatest places in the world for investing in real estate.  Even as a foreigner, if you buy and invest in real estate, you will enjoy all the same rights as Panamanian citizens. So, much unlike other countries, if you decide to make a real estate investment in Panama, then you will get the same protections as the citizens. You don’t need to constantly worry about the money that you invest there. The advantages are so immense, that you should not want to hesitate if you want to make an investment. Whether you have a lot of money to invest or want to sink a little into an appreciating market, we suggest you think about making some investments in real estate there. If you buy into a tourist development, you have the opportunity to rent out to the various tourists who are visiting and exploring the country. The many tourist features such as the Panama Canal, the rainforest, the indigenious people, the tropical paradise and pristine beaches are bringing millions to visit Panama each year. The development of the new international airport, the expansion of the canal, the metro subway all will help to feed the economy and also help to raise property values.

SocialPuntaChameThere are a great variety of residential venues and propertiesthat you can choose from. The three most popular places to live in Panama are Panama City, the beach areas near Coronado and in the mountain areas. In the beach areas, you can choose from beachfront lots, homes and condos on both the Pacific Ocean and the Caribbean. Panama’s mountain areas such as Sora, Volcan, El Valle and Boquete, really offer perfect spring weather every year. The prices of Panama real estate are still very good and you need to keep in mind that you are making a real estate investment in a country with one of the most profitable futures in all the world.

IMG_3735Unlike any other country in Latin America, Panama has offered a great variety of architecture styles for their real estate. In the rest of Latin America, Spanish colonial styles are dominating the styles of the real estate, while in Panama there’s a combination of modern, American, British, Spanish, and French styles in their properties. If you want to make a real estate investment here, you can freely choose which architectural variety that you like for your new property. This country is like a little heaven. If you are coming here on business, then you are probably a savvy investor with visions to make a substantial profit. As for the international families who have decided to live and work here you can be assured that you that you will not find another place to live in Latin America and the Caribbean such as such as Panama. You have made a very good decision.

Remember to ask for legal opinion when it is needed. Very importantly, only hire a lawyer from a recognized firm or one with impeccable recommendations from people you know personally. For more information on where to purchase or if you are looking to invest in one of our projects check out our website or contact us at info@connectiontopanama.com

Panama is Growing in Leaps and Bounds

October 12th, 2012

Since we first travelled to Panama 6 1/2 years ago there has been a steady growth even amid our current recession. It is still a great tax haven and a wonderful place for anyone to invest and retire.

In the city there is major construction underway for the new subway system called Metro.

We were recently out to visit  Rio Hato where the New International Airport is underway. (click here for YouTube video)
Recently an extreme sports facility opened in Punta Chame called Nitrocity. The marine park where you can swim with the dolphins, Ocean Embassy is coming soon. CBC just aired a segment on the world’s largest copper mine, Inmet, which has just recently opened in Panama bringing much needed employment to the area.

Our business has grown as well and we have so much more to offer you. Because we have so many of you asking us for information on Panama we have completed a copy of our Free Panama Guide which you can access through this link. For a downloadable version please go here. In this version you will find information such as Visas, Retirement Benefits, Dental and Medical and Offshore Banking. Also for your trip to Panama we have sources for the best sources in Car Rentals, Hotels and Resorts, Restaurants, Tours etc.  If you sign up for our Membership you will be entitled to a 20% discount at our partner’s resort and will be entered in our “Win a Free Trip To Panama Contest”. (you may want to send this link to your friends as well) We also have Real Estate Bargains and Deals that our associates have to offer you and we have available a $1000 Rebate if you purchase real estate using us as your referral through various properties.

Another great website if you are looking for information and news articles on Panama is www.PanamaRealEstateInvestandRetire.com This site contains all kinds of information and links for information on Panama Retirement, Real Estate and Investment. This site invites you to Invest in Your Freedom!

We are also offering a Limited Time Special on our Discovery Panama Tour Package that we are just launching. This tour provides you with all the information you would need to relocate to Panama including introduction to the best immigration lawyers, setting you up with your Offshore Bank Account, Real Estate Services, Tour to Panama Canal and the Rainforest, stay at Trump Ocean Club and Beautiful condo on the Pacific Beaches, Spanish program to learn the language and more… Book before July 1, 2012 for anytime before December 31, 2012 and receive a 20% discount on this package.

If you have already purchased in Panama and are looking for someone to furnish your unit we provide this service for you as well. Check out a couple of the units we have furnished at Playa Serena and Trump Ocean Club .

Thank you. We hope to talk with you soon.

Wayne and Deb Strachan

www.connectiontopanama.com

www.puntachameresorts.com

www.panama-vacation-rentals.com

1-888-273-2725

In Panama 011-507-6710-1586 or 6543-4488

Panama Metro Subway

October 3rd, 2012

Subway PanamaIf you have been to Panama recently, you have probably seen that they are building the new subway system right now—Panama Metro Subway. As the population of Panama City is growing every year, it is normal to see traffic jams everywhere. To deflate this issue, the government of Panama has decided to build and run this new subway system. This is a fantastic plan and most of the people are supporting it because it will give a good solution for most of them. It will be especially convenient for workers who need comfortable transportation to go to their workplaces every day.

Subway Panama1The construction of Panama Metro Subways is in progress right now. Not only will the workers and citizens of Panama enjoy this new subway, but it will also become a great help for tourists as they explore different places in Panama. It is going to be much easier to utilize the subway if you are not so familiar with the streets there, and; if you aren’t knowledgeable about the area with the area, then the Panama Metro Subway will really be helpful to you. The construction of this subway in Panama will adopt the technology from some subways that you may find around the world.

Metro Subway ConstructionJPGMany major cities in the world have great subway systems and they provide a convenient transportation alternative throughout the city. In general, the subway is the most effective and cheapest transportation. Nothing can match the ability of the subway in transporting people with speed. The subway systems in 160 cities of the world have stood for decades and even more than one hundred years for the subways in London and Paris. In regards to the Panama Metro Subway, they can choose to follow different kinds of subway models from other countries all over the world, including:

1. London, England
London Underground is the largest subway system in Europe and the oldest in the world, beginning operations in 1863. It covers 407 km and transports 3 million people per day. This subway is also connected to a range of rail services to London and the surrounding area (including the Eurostar to Paris).

2. Paris, France
Paris’ subway system is the second oldest in the world (the system was originally completed in 1900) and it transports about 4.5 million people per day. Total length of the rail is over 133.7 kilometers and it stops at 380 stations; it has a great range all over the city. Most of the stations are typically designed with a unique style of art nouveau.

3. Moscow, Russia
The Moscow subway system has the most passengers of all metro systems in the world, with 3.2 billion passengers a year on 12 lines to 172 stations. In total, the Moscow Metro covers about 286 km. On an average weekday, the subway itself carries about 8.2 million passengers. Although most trains run underground, some lines cross bridges and provide views of the Moskva River and the Yauza River.

4. Madrid, Spain
Madrid subway is the second largest underground system in Europe and the sixth largest in the world subway system. Until the end of 2009, it reach 288 km (including an additional 27.5 km), and it has 231 stations and 12 rail. Madrid subway is the most dense rail network in the world. It is very clean and implementing ecological sanitation systems.

5. New York City, USA
New York City subway system is the most complete transportation system in the world. It has grown from 28 stations when the station was established in October 1904, to 462 stations today. The subway carries 4.9 million people a day. The system is very effective, not even half of New York residents drive vehicles because they like to utilize the subway for their main transportation. Unlike other systems, the New York subway operates 24 hours. Many subway systems in the world stop operating at 12 o’clock at night.

So from a lot of models of subway systems all over the world above, which one will be adopted by Panama Metro Subway? It will likely take inspiration from many of them; creating a new subway system that is totally different from the others.

Panama Canal Expansion

September 26th, 2012

Do you know about the Panama Canal expansion? The expansion of the canal is in progress now and it will be great for the world trade and the economy. The Panama Canal faces some fierce competition from the inter-ocean railroad across the United States and Mexico. Seeing this challenge, the Government of Panama in 2006 held a referendum to expand the canal. Fortunately referendum was approved by 80% of the people of Panama. In concrete, the expansion of the Panama Canal will be coupled with the construction of two water gates extra wide, at the beginning and end of the canal. Panama Canal will also be expanded and deepened in some places. The project will take at least eight years and cost more than $ 5 billion. Panama itself will distribute about half the cost that could be taken from the pockets of the Panama Canal Authority earned revenues in 2007 was about USD 1.76 billion while the rest is taken from international loans.

The Panama Canal is a large canal which is located in Panama, Central America. The Panama Canal is a waterway which divides the Isthmus of Panama along the 82 km, and splits the mainland of North America and South America, thus succeeding in linking the Pacific and Atlantic Ocean. The canal really cuts the travel time of ships because they do not have to go through the southern tip of South America. If a ship is sailing from New York (U.S. East Coast) to the San Francisco (U.S. West Coast), and it does not go via the canal, then the distance that is traveled by the ship will be 22 500 km (about 14,000 miles). If the ship is utilizing the canal then it only needs to travel 9500 km (about 6,000 miles)!
The Panama Canal development plan was starting to emerge in the 16th century. The idea of ​​the construction of the Panama Canal was first coined in 1524 by the king of Spain, Charles V. The King had found if the Isthmus was cleaved, it would ease the journey of the royal ships sailing from Ecuador to Peru or vice versa. In the following years, a number of other kingdoms in Europe also expressed the same idea, but still hit the technology and resource constraints.

Physical construction of a new canal finally managed to start on January 1, 1880. At that time the French Government which was inspired from the success of engineers, Ferdinand de Lesseps, with the Suez Canal — which is successfully established on the African continent — decided to start this project. The construction of the canal was entrusted to de Lesseps. Unfortunately, as it seemed too rushed and not well studied in terms of the geology and hydrology, the project began to consume a lot of lives and money. Malaria and yellow fever broke out and a large number of workers were affected and even died. Most of the workers raised their hands and returned to their country. Seeing this situation, in 1893 the French government decided to suspend the project. In 1898, France lobbied the United States to continue the project, and in 1902, the U.S. Senate approved the takeover of the project.

In 1904, U.S. president, Theodore Roosevelt, decided to buy the remnants of the French project equipment and continued building the canal. This was done by the U.S. after it had successfully liberated Panama from Colombia. Construction of the Panama Canal was resumed again! This time, it went through the adequate preparation and provision of infrastructure. President Theodore Roosevelt appointed George Washington Goethals as project leader. All of the Old equipment was gradually replaced with the new and more sophisticated equipment. In 1914, the Panama Canal project was successfully completed. The Panama Canal opened officially on August 15, 1914 which coincided with the onset of World War I in Europe, the first ship that passed was a cargo ship named Ancon.
After World War II, the people of Panama began to demand the right to manage and otherwise protest the U.S. military presence there. Finally, on September 7, 1977, U.S. President Jimmy Carter and President of Panama, Omar Torrijos had signed an agreement that allowed Panama to manage its own canal but still ensure the neutrality of the region (Neutrality Treaty) and the United States were allowed to come back anytime. However, this deal was criticized by most of the American people at that time. Subsequently, on December 31, 1999, the management was handed over entirely to Panama through the Panama Canal Authority. Today, this Panama Canal is being expanded and it really will influence the trade and the economic condition of the world.

Panama Rio Hato Airport

September 21st, 2012

riohatoairport4Have you heard that Panama is building a new International airport in Rio Hato? Every year, there are a large number of tourists who visit Panama. They are coming from various countries all over the world, but most of them are coming from The United States, Canada and South America.

The airport was originally established in 1931 as a U.S. Air Force base for the defense of the Panama Canal during World War II. Although it was closed in 1948, it was used as a landing field for the Air Force until 1990. In 2011, the reconstruction of the airport was ordered by the Panamanian government for commercial purposes. A public bidding process valued the reconstruction costs at $53.2 million. The construction is expected to last a short 14 months. When this construction is completed, the existing airport – Tocumen International – will be able to accept more business flights and connecting flights, as the Rio Hato airport will be designated primarily for tourism. This will not only increase Panama’s business sector accessibility, but also accessibility for tourists and vacationers.
RioHatoAirport3
If you are interested in adding an exciting new tourist destination to your itinerary, do not miss the opportunity to spend your holiday in Panama, Central America. By choosing to travel to this amazing country, you will have the chance to discover a remarkable culture and civilization with an interesting historical background. There are some of the most prominent and important cultures in Central America, which become the ultimate symbol for the area. Enjoy the great historical, cultural, and urban beauty of the Latin-American civilization. Panama has the potential to become anyone’s favourite destination for tourism, and they attract more visitors each year.
rioHatoAirport2
Panama has made rapid progress in development in recent decades, despite its struggles in past history which is dominated by conflict and political interests. Today, this beautiful country has been one of the most requested holiday destinations in the world. It enchants visitors with a variety of tourist sites and resorts, ancient and modern architectonic structures which are superb, large metropolitan areas, as well as revealing the intelligent innovation and hardworking character of its inhabitants. Remember, the most important thing that this country could consider to attract more tourists to their country is by having an international airport. The airport is the country’s tourist gate; it has a huge role in supporting the tourism of the country. The building of the Rio Hato airport is a decision that is bound to be prosperous for tourism and the country’s economy.

Trump Ocean Club

March 18th, 2011

TrumpOceanClubWe have associates with units in Trump Ocean Club and so we were curious as to what it looked like. We were able to get on site and took a look for ourselves. Once we were inside I took out my camera and proceeded to snap off a few pictures. We were impressed with the quality of the construction and would expect nothing less from Trump. We are excited to see what the final “look” will be like.  Our associates would be interested in selling their one bedroom unit it for $385,000. The developer is currently selling the same unit for $560,000.