Panama Offshore Banking

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? 

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Panama Real Estate Investment

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.


There are a great variety of residential venues and properties that 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.  

Unlike 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

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Panama Copper Mine

Panama 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 the both countries.

Although—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.

Copper 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.

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Panama Metro Subway

If you have been to Panama recently, you have probably seen that they are building the new subway sytem 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.

The 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.

Many 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 had 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. 

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Panama Canal Expansion

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.

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Panama Rio Hato Airport

Have 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.

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.

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.

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Investing in Foreign Property

Article by Deborah Strachan

With the instability of the economy the way it is in North America and the threat of Big Brother, more and more North Americans are looking to invest in international real estate where they feel that they can protect their hard earned money. I find that many people who are looking to invest in a foreign country have many questions they are searching for answers for. Among these questions are some of the following. Where can I invest that I don’t have to worry about losing my investment because of an unstable government? How do I go about investing in a foreign country? Is it safe? What country is the best place to invest? What are the tax implications? We spent two years researching international properties before we decided to invest and we compared the advantages and disadvantages of each. When it came down to it, we decided the best place to invest was Panama and here are some of the reasons we decided on this tropical paradise: • Hundreds of miles of beaches, mountain scenery, and temperate climates are what you can discover in Panama. • Local currency is U.S, dollars offering excellent exchange rates and stable currency • One of the lowest crime rates worldwide it has the highest rating for tourist safety • One of the fastest growing destinations in the world • English is the second language • Average climate is 27 degrees all year round • Exceptional tax benefits for investors and foreigners • Good access from Canada, U.S. and Europe by plane • Panama City is the capital and largest city. It is a world banking center, with countless shopping areas, restaurants of all kinds, and everything you would expect in a major city anywhere in the world. • Panama makes retirement relatively easy for foreigners. • Some of the best retirements benefits in the world. Proof of retirement income of $1000 a month, with $200 more for each dependent, will allow you to apply for residency. • Panama is one of today’s fastest-growing retirement areas in the Western Hemisphere; it is one of the most globalized countries in the world; Panama is part of Latin America, which is the Retirement Home of Baby Boomers. residential tourism business has made its construction industry grow by more than US $800 million during recent months; and the gross domestic product statistics are impressive. • Panama is a low tax jurisdiction, where the use of asset protection, tax planning and wealth and estate planning is a very common agenda for professional attorneys, accountants, private banks and investment advisers. • Offshore accounts very feasible as Panama prides herself in protecting the identity of their banking clients • American style infrastructure. • Cost of Living very low. About half of what we are used to. • No natural disasters, no hurricanes no earthquakes • Booming economy • Panama city is a world class city • Over 80 offshore banks • Trade free zones • First class Health and medical care • Giant shopping centers with an abundance of choices and very reasonably priced • High speed internet service • Excellent private schools at exceptional prices • Panama Canal is strategic to world trade • Panamanian people are peaceful, friendly and fun-loving • Plans to widen the Panama Canal in 2010, expected to take 15 years to develop at a cost of $5 billion US dollars • Expected that 80 million baby boomers to retire in the next five to ten years. 5% are expected to look to retire in a tropical destination. That relates to about 4 million people. At least one million are expected to call Panama their home in a country where there presently resides a population of about 3 million people. • Booming construction in the housing industry • Residential tourism business has made its construction industry grow by more than US $800 million during recent months; and the gross domestic product statistics are impressive. • In Panama, it is perfectly acceptable to transfer properties and funds to Panamanian corporations. These corporations can be placed under the umbrella of a private foundation, which is a tailor made, asset protection, living will with legal personality. • In Panama, there are no withholding taxes on savings bank accounts, securities investment earnings or stock exchange capital gains. Profits received in Panama from money invested outside of Panama, is tax-free. • Quality construction • Property management available allow you to have your condos rented out on your behalf • Excellent rental returns and capital growth on investment property • Ground floor opportunity for real estate investment • Rental income accrues sufficient funds each year to deposit in bank • Waterfront investment property in paradise • Positive cash flow • Low income tax • No property tax for twenty years on new construction for foreigners • View sunsets from your balcony. Panama is only 37 miles at its narrowest point to 110 miles in width. You can watch the sun rise and set over the Pacific coasts or over the Caribbean coasts. Or why not watch the sun rise over one ocean, cross the isthmus, and watch the sun set over the other? For more information on panama real estate or panama homes for sale contact Wayne Strachan at info@connectiontopanama.com or call 1-705-326-8871.
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