Showing posts with label tourism. Show all posts
Showing posts with label tourism. Show all posts

Monday, August 04, 2014

Panama: The Way

 
This programme uncovers the real Panama, bringing both tourism and business opportunities to life. Explore new cultures and find exciting new discoveries and watch how modern infrastructure and innovative new developments are creating a land of the future... 
 This video was produced by QCPTV for the British Airways Media In-Flight Entertainment System (AVOD), to find out more please visit www.qcptv.com. All rights reserved by QCPTV.

Monday, February 03, 2014

Panama's maturing tourism industry


Thanks to strong governmental support, investment and a wealth of natural resources, Panama’s tourism sector has developed rapidly over the past decade. Expansion is expected to continue, with the industry seen as an integral part of the government’s efforts to sustain GDP growth and create 860,000 new or better jobs by 2020.
Tourism’s recent success explains in part why the government has placed such emphasis on the sector. In 2002, Panama received 533,500 visitors, behind Costa Rica (1.1m), Guatemala (869,100), El Salvador (798,200) and Honduras (549,500), according to the Central American Tourism Council. By 2011, Panama had become the second-most-popular tourist destination in the region, with nearly 1.5m tourist arrivals, trailing only Costa Rica’s 2.2m.

International standing

The latest “Travel and Tourism Competitiveness Index” from the World Economic Forum underscores the sector’s development and highlights its competitive advantages. Panama’s global ranking rose from 56 in 2011 to 37 in 2013, coming in at fourth place in the Americas, behind the US, Canada and Barbados. This was largely thanks to strong scores in the categories of business impact of rules on foreign direct investment (fifth), natural resources (11th), air transport infrastructure (16th), policy rules and regulations (18th) and number of UNESCO World Heritage natural sites (18th).
Forecasts from the World Travel and Tourism Council (WTTC) indicate that the next decade should see the industry’s continuing maturity, as Panama looks to diversify its tourism offerings. According to the WTTC, the sector’s contribution to the economy stood at PAB4.68bn ($4.59bn), or 13.1% of GDP, in 2012, although these figures reflect the broader effects from investment and the supply chain, as well as induced income. The WTTC forecasts this figure will grow by 5.8% per year over the next decade, reaching PAB8.41bn ($8.24bn) or 13.4% of projected GDP, by 2023.

Funding growth

Capital expenditure in the sector has been and will likely continue to be a primary growth driver, with significant government investment in infrastructure and tourism development set to complement private sector outlays. The WTTC study predicted an 8.5% increase in capital investments in 2013 to $893.5m. That figure is anticipated to grow at a slightly slower pace of 6% per year up to 2023, by which time it will have nearly doubled to $1.6bn.
Investment has so far been heavily concentrated in the capital, Panama City, where the government is developing a $1.5bn metro and undertaking various initiatives to improve the city’s cultural offerings. Outlays include the $175.6m preservation and renovation of the historic walled city of Casco Viejo, one of the country’s two UNESCO world heritage cultural sites. Despite stimulating private sector investment in boutique hotels and cafes, the project has become controversial due to plans to extend the coastal highway, Cinta Costera, to the historic district, essentially wrapping a large roadway around the district’s sea wall.
Work on the historic district continues, while next door another development is set to add an entirely new dimension to the city, with the $100m Biomuseo, designed by Frank Gehry. The museum will highlight the role the isthmus has played in shaping world geography and climate while celebrating Panama’s biodiversity. There are hopes that the facility, which is scheduled to open in December of this year, will boost the profile of Panama City, just as Gehry’s Guggenheim Museum did for Bilbao, Spain.
With private sector developments taking advantage of Panama’s wealth of beaches and biodiversity, continued improvements to cultural offerings, and steady progress in other segments such as ecotourism, the country is well-positioned to meet growth forecasts for the next decade.


Sunday, March 18, 2012

IRS allows deducting expenses for conventions held in Panama


Part I
Section 274.—Disallowance of Certain Entertainment, Etc., Expenses
26 CFR 1.274-1: Disallowance of Certain Entertainment, Etc., Expenses
Rev. Rul. 2011-26
....
Rev. Rul. 2007-28, 2007-1 C.B. 1039, identified each of the following jurisdictions as a beneficiary country for which there was in effect an agreement with the United States as described in section 274(h)(6)(C)(i) and for which there was not in effect a finding by the Secretary of the Treasury that the tax laws of the beneficiary country discriminate against conventions held in the United States: Antigua and Barbuda, Aruba, Bahamas, Barbados, Bermuda, Costa Rica, Dominica, Dominican Republic, Grenada, Guyana, Honduras, Jamaica, Netherlands Antilles, and Trinidad and Tobago.

Since publication of Rev. Rul. 2007-28, the “Agreement Between the Government of the United States of America and the Republic of Panama for Tax Cooperation and the Exchange of Information with Respect to Taxes” entered into force on April 18, 2011. See Treas. News Release at http://www.treasury.gov/presscenter/press-releases/Pages/tg1144.aspx (April 18, 2011). This new agreement qualifies as an agreement described in section 274(h)(6)(C)(i). Panama is a beneficiary country, and no finding is in effect by the Secretary of the Treasury that the tax laws of Panama discriminate against conventions held in the United States. Therefore, Panama is included within the North American area under section 274(h)(6) as of April 18, 2011.

Three other beneficiary countries -- the Cayman Islands, the British Virgin Islands, and Saint Lucia -- have entered into tax information exchange agreements with the United States that are not of the type described in section 274(h)(6)(C)(i) because of certain limitations in the scope or implementation of those agreements. Accordingly, these three beneficiary countries are not included as part of the North American area under section 274(h)(6). In the case of Saint Lucia, certain transition relief has been provided, as reflected in the Holding below.
HOLDING
For purposes of determining whether deductions are allowed for expenses incurred in connection with a convention, the following areas are included in the North American area as of the effective date of section 274(h) except as otherwise indicated:
Panama April 18, 2011


Sunday, January 24, 2010

Free Panama map online


The local tourism authority has a digital map online called the ATP GPS map http://sig.atp.gob.pa/ developed by Geoinfo (BVP: GEOI). This company has has been trading its shares since 1994 and has years of experience in gathering the data required for customized Panama maps in different technological formats.

Like all Panama government sites, it has a lot of Flashturbation. Apparently, government big guys are easily impressed by webdesigners but it seems that the issue of bandwidth is never brought up before shelling out taxpayer balboas. The map requires access from a desktop and cannot be used with a PDA Wifi when stopping by a Panama City Hotzone.

Once we deal with that small issue, we went to the menu (the English icon at the right just sends you back to the Spanish menu). The 4 menu items stand for :
Map: Street Map > Satellite Map > Combine Map > Map Index > Stored Views > Description > Print
Navigation: Zoom In > Zoom Out > Main View > Move Map
Tools: Search > Street Search > Route Generator > Neighboring places > Images > Identifier > Bathroom
Help: Help > Home > About

We looked up "Calle 47" (Herramientas > Busqueda de Calles) and got 5 hits. The search is nationwide so we got streets with the same name in Belo Horizonte close to Tocumen Airport, Brisas del Golf (47A Street), Bella Vista (47 East) and Chorrera (47 North and 47 South).

The results came as a surprise because for 40 years everybody who lives in Bella Vista has considered 47 Street East to be a street 3 blocks South of landmark 50 Street, running from HSBC Panama and Ocean Plaza Building to Federico Boyd avenue. So thought the restaurant owners whose businesses are listed in Google when "Calle 47" Panama is searched . According to Geoinfo, 47 Street runs from Via Espana in front of La Cresta to the Miramar Intercontinental Hotel.

Apparently, it gives directions also (Herramientas > Generador de Rutas) but after clicking on the "Crear Rutas" icon, we were asked to "click 'Obtner Direcciones' arriba" on a tab which we never found. The map is called "GPS" but we could not enter directions with GPS coordinates.

The map may not be very good giving directions to the newcomer but we cannot underestimate the task involved in making a very complete inventory of the streets in Panama City suburbs and towns from as large to David and as small as El Real de Santa Maria. This comes handy when going off the beaten path into the Interior - just make sure that all maps that may possibly be needed are printed BEFORE the trip because hi-speed access is hard to come by in the Interior.

Most locations of interest to the tourist (hotels, restaurants, ATMs) appear already on the map as icons. The location shown is more accurate than Google Maps which tends to show items one mile off to the Northeast.

My rating: 4 out of 5

Sunday, January 17, 2010

Anthony Bourdain's Guide to Panama

Featured in the show Sambu, Fish Market, ChinaTown, Multiplaza, Isla Grande, Noriega's home, Chorrillo, Darien Gap. Highly recommended to see the good, bad and ugly of real Panama beyond the touristy banking area while learning about yummy food....

Tony travels to Panama, which is rumored to have originated from an Amerindian word meaning "an abundance of fish." One of Tony's stops includes the Mercado de Mariscos, a swank new fish market to sample the national go-to dish: ceviche.
More behind-the-scene clips at
http://www.travelchannel.com/TV_Shows/Anthony_Bourdain/Episode_Panama_ Panama


Google Map meant to point to the eateries featured in the show (each point is off like 1 mile Northeast)






.

.

.

.



Monday, February 23, 2009

Panama to Watch Among Top Budget Travel Destinations for 2009

10 to Watch

Top Budget Travel Destinations for 2009

BudgetTravel.com reveals the best value hotspots for the New Year.
By BudgetTravel.com Editors, Monday, January 5, 2009 |

These countries are hardly undiscovered, but it's not too late to enjoy them either. Plan a trip in 2009, so you can say you knew these places before they were overrun.

10 TO WATCH
• Austin
• Berlin
• Hawaii
• Mexico
• Panama

PANAMA

Why in 2009: Panama has led tourism growth in Central and South American countries for two years running, posting back-to-back 20 and 30 percent gains in 2007 and 2008, respectively. Last year, the country surpassed the one-million-visitors mark, welcoming 1.2 million leisure travelers. That's about how popular Costa Rica was in 1999—before it emerged as a solidly mainstream destination. Compared with Costa Rica, Panama has more animal species and a larger amount of preserved terrain filled with colorful macaws, monkeys, and endangered shore birds.

Main events: The Panama Jazz Festival, held January 1–17, will feature saxophonist Wayne Shorter's quartet (panamajazzfestival.com, from $10). Panama's Carnival celebrations, running February 2–24, are some of the largest pre-Lenten parties in the world. The bulk of the parades and revelry will take place in Panama City and Las Tablas (visitpanama.com).

Memorable moment: Climb Cerro Jefe (Boss Mountain) in Chagres National Park, whose summit stands nearly 3,000 feet above sea level. When the weather cooperates, you can see the Panama Canal and both the Atlantic and Pacific oceans (visitpanama.com). Back in the capital, thread your way through the cobbled streets lined with Spanish mansions in the colonial-era district of Casco Viejo, used as a stand-in for Haiti in many scenes in Quantum of Solace.

Price check: American Airlines Vacations has a three-night winter stay at the Veneto Hotel & Casino from $87 per person per night (aavacations.com). Keep a lid on costs by booking at locally owned inns. Among TripAdvisor's top rated B&Bs in Panama is La Estancia (011-507/314-1581, bedandbreakfastpanama.com, from $75 for singles and doubles). It's on a hill next to a nature reserve.

Saturday, February 02, 2008

Special tax benefits for investments in the Darien




Darien is the largest province of Panama but also the most isolated. Most of the riverfront of the Tuira river has been declared as Tourism Development Zone No. 9 with substantial tax benefits for the investor.

Business exceeding the minimum legal investment enjoy the following tax incentives:
1. A 20-year full exemption from the payment of real property tax on the land or any improvements owned and being used for tourist development activities.
2. A 15-year full exemption from the payment of income tax on the company's activities.
3 A 20-year full exemption import duties, contributions, or taxes, as well as the sales tax (ITBM tax) on the imported materials, equipment, furniture, accessories, and spare parts used to construct, renovate, and furnish their establishments, provided such items are not produced locally, or are not produced in sufficient quantity or of the proper quality. "Equipment" is understood to mean vehicles with a minimum capacity of 8 passengers, aircraft, helicopters, minimum capacity of 8 passengers, aircraft, helicopters, motorboats, ships, or sports supplies used exclusively for tourist activities.
4. A 20-year exemption from duties, contributions, taxes, or fees on the use to piers or airports built by the company. The Government of Panama may use these facilities free of charges, according to the appropriated regulations.
5. A 20-year exemption from the payment of income tax in interest earned by creditors from operations for investing in the tourist activity being conducted.

Any public tourist lodging company or restaurant not covered by the above incentives, but solely engaged in a tourist activity; is entitled to a Tourism Employment Certificate (Certificado de Empleo al Turismo-CET) issued to its name, equivalent to 21.5% of the gross monthly payroll as of the promulgation of this Law, provided this gross monthly payroll does not exceed US$400.00). In the case of restaurants, this option shall be for a period of 3 years.

Private land ownership is limited in Darien National Park (brown, in the map) and the Indian nations (marked in red), but alternatives remain throughout the province.

Most investments qualifying for the Darien Tourism Development Zone benefits also would help its foreign owner qualify for a Small Business Visa.


Zone 9. Darien





























Location:Province of Darien
Characteristics:The National Park of Darien which is ideal for ecological and tourism of adventure. It was declared by UNESCO as a Reserve of the Biosphere and the Human Kind.
Strategy:To develop ecotourism centers in Pirre and in the Cana Valley.
Investment Possibilities:To increase the capacity of lodgings and to improve the quality of the services to the tourist.


More about the Darien in Darien links http://www.geocities.com/WallStreet/4245/darien.htm









Darien, the giant is awakening

















In Darien there are different ethnic groups.





The government is promoting sustainable development projects to tap the great potential of the province in all fields

HERMES SUCRE SERRANO
Hsucre@prensa.com.

Full text in http://mensual.prensa.com/mensual/contenido/2002/09/16/hoy/nacionales/707263.html






The real Darien starts at El Real de Santa María, the oldest continuing settlement in Panama, built in the XVI century by the Spaniards. In town, the Hotel El Nazareno (left, Telephone 228 3673, 6638 8707; $5-10– $10-15) offers basic accommodation, but be warned this is the heart of cock-fighting country so don't expect a great night's sleep; you'll also find a few stores and a couple of simple restaurants – inform them in advance if you want an evening meal. ("The Rough Guide to Central America")





Video: The Art of Travel Blog #4: The Darien.




Thursday, June 07, 2007

Term of Tourist Visa reduced to 30 days

... or how to shoot the hen which lays the golden eggs...

Law 15 of 2007, entered into force upon its publication on May 25, 2007, which reduces the duration of Tourist Visas from 90 days, with a 90 day extension (originally in force since 1995), to 30 days with a 60 day extension. While European Union Schengen Treaty citizens are exempt from a visa requirement to enter and US citizens are sold a $5 "tourism card" as reciprocity visa upon entry, all foreigners are subject to this 30 day limit. The Immigration website has a list of the current visa requirements by country. http://migracion.gob.pa/eng/servicio.php?cont=paisvisa

The Law was submitted as Bill 292 of 2007 http://www.asamblea.gob.pa/buscador/2007/2007_P_292.pdf "whereby measures are enacted for the protection of citizen safety" by Olga Golcher, Minister of Government, in April 3, 2007. The Bill had measures to counter the rising power of juvenile gangs, and buried into the text was a new definition of Tourist Visas:

Artículo 36. El numeral 1 del artículo 1 del Decreto Ley 16 de 1960 queda así:
Artículo 1. Los extranjeros que ingresen al territorio nacional serán clasificados como
turistas, transeúntes, viajeros en tránsito, viajeros en tránsito directo, visitantes
temporales e inmigrantes:
1. Son turistas los que llegan con fines exclusivos de recreo u observación por un
lapso de treinta días, prorrogable hasta por sesenta días.


Over-zealousness at all levels

Obviously, nobody foresaw the effect this will have on residential tourism, since it takes more than 30 days to have a feel for the country, look at properties, purchase a home, and THEN decide to apply for a residence visa. The April 18 "Technical Report" made by legislative staffer Agapito González Gómez says that "the costs of the implementation of the bill will be compensated with the benefits that its special measures produce. However, given the provisional character of said measures, it would be convenient to take into consideration that all the costs of its application, in the end, may exceed the material benefits they may produce." Translation: We are worried about gang warfare and we have doubts about whether increased prosecutorial powers may have lasting benefits (forget about the tourism aspect).

The Technical Report recommended calling to committee hearings several government entities and child welfare instutions (UNICEF Panama, Alianza Ciudadana Pro Justicia, Pastoral Penitenciaria) and NGOs in general but flatly excluded the Panama Tourism Institute IPAT, Ministry of Commerce and did not identify real estate and tourism industyr associations. Eventually, Union Nacional de Abogadas, Asociacion Panama Verde, Consejo Nacional de Juventud, Creation Associates International and other child welfare and criminal law groups participated in the Committee hearings. The April 19 Minority Report by opposition legislator Jose Blandon only mentions "the lonely immigration provision" to criticize the PRD for not voting on an Immigration Bill submitted in 2004 (which also reduced the 90 day tourism term).

Only when the final Law was published in the official gazette as Law 15 of 2007 "whereby measures for the speeding of the prosecution in ordinary criminal procedures and special procedures for criminal liability of teenagers and other measures are enacted" (in Spanish "que dicta medidas para la agilización de la instrucción sumarial en los procesos penales ordinarios y en los especiales de responsabilidad penal de adolescentes, y otras disposiciones") and La Prensa http://www.prensa.com/hoy/panorama/997953.html printed the results of a press conference by the Immigration director did most of the non-criminal law community learn about the 30-day tourist visa.

3 days later, the Tourism Minister issued a press release announcing that "the project “Tourism, a reason to create business ventures and decrease poverty” was launched by Minister of Tourism Ruben Blades before hundreds of micro-entrepreneurs at the inaugural ceremony of the AMPYME National Meeting that took place at the ATLAPA Convention Center."http://www.ipat.gob.pa/eng/page.php?page=news&art=44 We presume that the 30 day limit will discourage those who may take longer than that to buy a property and thereby help businesses which reduce poverty. The Ministry has a "Contact Us" http://www.ipat.gob.pa/eng/page.php?page=contact_us page where comments can be sent.


More legal trivia

In the haste to approve the law (52 days), Article 3 of Law Decree 16 of 1960 on Immigration was left without alteration, which provides that
"tourism cards will be valid to remain in the country for ninety (90) days until completing one hundred and eighty (180) days".,
as well as Article 5 ("The Panamanian Consulates shall issue tourism cards valid for ninety (90) days, after paying five" balboas). Under Article 14 of the Civil Code ("Cuando las disposiciones tengan una misma especialidad o generalidad y se hallaren en un mismo Código, se preferirá la disposición consignada en el artículo posterior"), these 2 provisions prevail over the amendment to Article 1, so... tourist cards (not necessarily those tourist visas without a card) should be granted for 90 days...



The other side of Panama friendlyness

So what can a violator of the 30-day rule expect? Tourists exceeding their visa term are apprehended and taken to a small cell at the Immigration offices to determine their status. In the best case, their lawyer is allowed 24 hours to submit all papers for a visa where he/she can qualify for. In the worst case, it would be a weekend or evening, so the tourist is taken to the untouristy Directorate of Police Investigations (DIIP). Depending on the perception of how dangerous the tourist is, he/she will be held separately from the other violent criminals held for felonies from all over the city. It is not the Turkish Express, but certainly not a night at Waldorf. If the tourist does not qualify for any visa, he/she is deported and not allowed back into the country.

In the meantime, the government still refuses to demand visas from countries with high immigration rates, such as Colombia. Actual criminals will not be deterred and will continue using the shipping lanes into Colon and other routes to enter the country. A user-friendly system for granting of multiple-entry tourist visas for financially sound citizens of Dominican Republic, Venezuela and Colombia (just show passport, tax return and valid credit cards at the consulate to get the equivalent of B-1/B-2 US visa) is a necessity to bring investment into the country and discourage criminal elements.

Options when being close to the end of the 30-day period

So the legal alternatives when the 30-day term comes are:

1) Separate 2 mornings at Panama Immigration and file for a final 60-day extension form http://migracion.gob.pa/eng/documentacion/corregidos/prorroga_de_turista.pdf along with
a. Valid passport, tourist visa/card and 2 copies of its ID page and Panama entry stamp
b. Return airplane ticket valid for a flight in 60 days or more
c. Letter from Panamanian or legal resident who will sponsor and assume responsibility for the applicant, with copy of the signor's ID.
d. Proof of economic solvency of the applicant or the sponsor : tax return, credit card or bank reference letter showing more than $500 monthly available.
e. 3 passport-size pictures
f. Magazines and newspapers to read while you wait

2) File an appeal under Articles 3, 5 and 86 of Law Decree 16 of 1960,

3) Head to Costa Rica http://www.migracion.go.cr/visas/DirectricesvisasMayo2007.doc, where a tourist visa for US, European Union / Schengen and Central American citizens lasts 90 days Sounds brutal, but that is how tourists think and their pockets move.