Panama: 2021 Canal Projections
Here is a compilation of some of the main estimates made by the Panama Canal for fiscal year 2021. The Panama Canal has a preponderant importance in the movement of merchandise by ship worldwide. Regarding the liquid bulk segment, this will generate 29.5% of the Canal’s toll revenue in FY 2021. 146.4 million tons CP […]
Panama: Country with Stability
Panama has maintained great political stability since 1989, with democratic elections regulated according to internationally recognized standards and the absence of serious social conflicts. The country is rated 3 out of 7 on the Political Risk Index, according to The Global Economy. This indicator places it at the level of countries such as Uruguay, Chile […]
Panama: Protection of Foreign Investment
Panama has a legal architecture that facilitates foreign investment and offers great guarantees. The Civil Code of Panama, its Constitution and its Foreign Investment Law provide a strict framework of guarantees by which foreigners have the same rights as natives of the country when it comes to possession of property, investments, intellectual property and commerce. […]
Panama: GDP 2021
Panama is the second country, after Peru, with the highest GDP growth rate projected for 2021, according to ECLAC. It is important that the Economic activity is expected to increase 5.5%, after having experienced this year the following: a drop close to 11%. “I have a positive vision,” says Moreno, because in the last quarter […]
What you should know before traveling to Panama
Many questions come to mind when you visit a country for the first time. It is important to inform yourself well so that your trip is pleasant and smooth. Some of the most frequently asked questions are: Do I need a passport and visa to visit Panama? To enter Panama, a valid passport of at […]
Knowing Panama
There are very few persons who have not stepped into the Panama airport in a connection from one flight to another. While the wait is long, looking at the Panamanian landscape, the following thinking appears: Does it worth staying a day or two to see the isthmus? What are the tourist places that I should […]
Panama a Country to emigrate
Thanks to its canal, Panama stands out as a promising destination for entrepreneurship and investment. It has favorable conditions for professionals and investors. There are many ways to legally enter Panama at Ba-Lawfirm.com according to your profile and requirements. Immigrating to Panama requires prior planning, you must take into account numerous details and make the […]
How to get a work permit in Panama?
A very common way to obtain a work permit in Panama in 2019 is firstly to go through the Procedure of Migration Regularization. Once this is complete then you can apply for a Work Permit in Panama. Procedure of Migration Regularization (Regularization procedure under Decree 167) If you meet the following requirements you may apply […]
Requirements of granting approval of titles for of titles for foreigners
The official recognition process is called degree homologation in Panama, or “homologación de títulos” in Spanish. You apply through the General Secretary of the University and if successful, your degree will be deemed equivalent to a Panamanian degree. a. Simple application letter addressed to the General Secretary of the University (Mgter. Nereida Elizabeth Herrera Tuñón), […]
All you need to know about Panama Professional Visa
Panama Professional Visa is the perfect solution for those applicants, whose country not qualifies for the Panama Friendly Nations Visa. High skilled candidates with a university diploma are eligible for this residence program as long as their profession is not on the list of exclusions. Cost of the Panama Professional Visa Main applicant: Legal fees, […]