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THIS WEEK ON THE EXPAT RADIO SHOW
We return to the exotic country of Turkey to interview with author, former US Marine and leadership consultant now living in Istanbul, Jim Stroup.
Also featured is Alvaro Aguilar of the law firm Lombardi, Aguilar & Garcia (www.laglex.com), on buying real estate in Panama.
Brendan Sharkey from HTH Worldwide (www.hthworldwide.com) talks about global insurance for expats. Tai is joined by co-host Ms Greta Elias. Greta's website is: www.greataelias.com
Tune in February 17th 2007 or LISTEN NOW ON MP3
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By Ceci Connolly
Special to The Washington Post
Sunday, February 18, 2007; P01
It was sticky hot, and I was grungy after a morning exploring the cobblestone passageways of Panama City's Casco Viejo, a 300-year-old cross between the crumbling charm of Old Havana and the restored glow of New Orleans's French Quarter.
In my baseball cap, khaki shorts and sweaty T-shirt, I was dressed for a sidewalk hot dog stand. But a Panamanian friend had been raving about S'cena, the new Mediterranean restaurant in this colonial-era part of town, and when I stumbled upon its entranceway, it seemed the food gods were summoning me.
Instead, the owner greeted me like a lost cousin, whisking me to a prime table and gently draping a linen napkin across my lap.
And apparently I wasn't the only one getting VIP treatment. They were calling the guy in the next room "Mr. President."
"No, no," the waiter whispered, "it is the president -- of Panama."
Somehow, it all made sense. After just a few days in Panama, you start to recognize faces, and the prospect of sipping a midday chardonnay a few feet from the country's most powerful man doesn't seem so far-fetched.
I had seen ads touting Panama City as the next super-swanky Miami, and I was prepared for velvet-roped lines and South Beach-style snobbery. Heck, Jenna Bush was clubbing here just before I arrived. So not having to deal with a waiter with an attitude was a relief.
But I can see why it gets the Miami comparisons. The city tucked on Panama Bay offers a hip urban vibe and a distinctive skyline. It has sunshine, seafood and shopping opportunities galore. And although Panama is part of Central America, its rhythm and stylish Latin inhabitants have a Caribbean flavor.
There are notable disappointments. Panama's tourism industry sometimes struggles to meet the demands of travelers. (The man at the Avis counter had no idea how to get downtown, and cabdrivers were no better.) And though the country has many exquisite beaches, none is within walking distance of the hotel strip as in Miami's South Beach.
But ultimately, the beauty of Panama City is that it hasn't become Miami yet. It's much more welcoming and manageable. And now is the time to go -- before the Panama Canal gets its third set of locks, before Donald Trump finishes his 65-story tower and before the prices shoot just as high.
Glitches, Then FixesThe woman behind the Louis XV desk at the Hotel DeVille looks puzzled.
"No, I'm sorry," she tells my fiance, Manuel, and me. "I do not have a reservation for you."
After arriving late at night in a foreign city where we do not know a soul, this is not the greeting we want to hear, especially because the lobby of this boutique hotel hints at a pleasant stay -- Persian rugs, plush sofas, soft lighting and newspapers on every table.
"It's not a problem," the woman chirps before I can pull out our confirmation slip. "I can take care of you."
It is a scene that will be repeated over and over in Panama -- a glitch followed by an enthusiastic fix. Our room, with 20-foot-high ceilings and exposed wood beams, has all the modern amenities of a five-star hotel, except it's larger and much more affordable. There's a desk with Internet access, piles of feather pillows and soft robes for us both.
We head back downstairs to the hotel's groovy new Ten Bistro, where the gimmick is $10 entrees. (Yes, Panama's currency is the U.S. dollar, so dinner is a bargain.) After two flights, bad directions and a missing reservation, a decent meal and big goblet of wine are just what we need.
But there's a problem: The restaurant is closing at the very un-Miami hour of 10 p.m.
This being Panama, the problem evaporates as fast as it appeared. The manager stays open just for us, guiding us to a table aglow with orange candles. The soothing palette continues overhead, with glorious bird of paradise blooms sprouting out of suspended glass vases. And to top it off: a chilled bottle of a crisp, absurdly inexpensive Chilean sauvignon blanc.
The Canal, of CourseEven today, 93 years after completion, the Panama Canal is an awesome engineering feat, guiding ships the 50 miles from the Caribbean Sea to the Pacific Ocean.
We arrive at the Miraflores Locks and head to the outdoor viewing deck. The sight of 965-foot-long behemoths squeezing through the canal is unbelievable, the precision timing of the locks a marvel. Over a loudspeaker, a bilingual guide rattles off canal stats and fun facts. "The lowest fee ever assessed for passage was 36 cents," he says. "It was for Richard Halliburton to swim the canal." An impressive museum inside is complete with a simulator that gives a realistic sense of what captains experience as they navigate the narrow locks.
The next day, while Manuel works, I ask my cabdriver to drop me at the Plaza de la Independencia in the center of Casco Viejo. The modest square looks much as it did 100 years ago: narrow one-way streets, stone edifices and a few rusty cannons.
On the corner is a lovingly restored four-story colonial built by the French in the 1870s and now home to another canal museum. At one-fifth the price and almost empty, it is a much better deal than the locks museum.
The story of the canal -- from the failed effort by the French in the 1880s to current widening plans -- is presented in bright, colorful interactive exhibits. There's a full recounting of the 22,000 workers who died, most by malaria or yellow fever, and a sobering account of the segregated system that left dark-skinned workers with less money in their pockets at the end of each workday.
Outside the museum, the neighborhood offers the best of Panama City -- past, present and future. In 1671, after pirate Henry Morgan burned the original city to the ground, the King of Spain chose this boot-shaped peninsula to rebuild.
Although Casco Viejo fell into disrepair in the 1950s, today it is enjoying a revival. The two worlds meet on its labyrinthine streets: Elderly women hang laundry on wrought-iron balconies as construction workers transform dilapidated convents into swanky loft-style condos.
By sheer luck, I happen upon the presidential palace just as four magnificent herons strut across the porch. A few blocks away, at the seawall, I take in a gorgeous view of a half-dozen ships queuing up under the Bridge of the Americas.
I'm intent on finding the Church of San Jose with its Golden Altar, and as I study my map, a 30-something man named Ricardo offers his services. In most big cities, this would be the signal to sprint in the opposite direction. But with squadrons of tourist police patrolling on bicycles, I accept the invitation.
Ricardo, a native Panamanian, makes the sign of the cross as we step inside the plain white church. The interior is an odd -- even unsettling -- jumble of periods. But the baroque altar, salvaged by a priest who hid it from the plundering Morgan, is a mouth-gaping gem, an enormous mahogany piece covered in gold leaf.
Later, another local, Julio, guides me to the dungeons used first by the Spaniards and later the Colombians. One has been converted into a touristy restaurant. But Julio leads me to another. I climb through a low-slung doorway, and in the dank, poorly lighted room is a genuine surprise: paintings of every shape, color and style. Portraits of the Virgin Mary lean up against seascapes; stacked in another corner, geometric abstractions are mixed with battlefield images. Many look to be schlock, but a few are captivating.
The paintings, Julio says, are all from the collection of jailed dictator Manuel Noriega. There's no proof of this, but the dungeons are super cool and Julio and his tale -- true or not -- sure beat the standard tour guide spiel.
Tropics to MountainsWe are driving through Cocle Province, 75 miles southwest of Panama City. As we negotiate yet another tight curve, the landscape shifts from the tropical palms of the capital to the sturdy pines of this mountainous region -- all in less than an hour.
As we reach the top of one particularly steep hill, I holler, "Stop the car!" On our right, in the distance, is the Atlantic Ocean's Caribbean Sea, and to the left, down a terrifyingly steep rocky cliff, is the Pacific. We are poised on a ridge separating two continents.
There are many reasons to escape the city and explore Panama's natural wonders. But it is hard to imagine a better one than this view, arguably one of the most distinctive vantage points in all of Central America.
Farther up the slope, we reach El Valle, a town that sits inside a crater created 3 million years ago when a huge volcano blew its top. Today El Valle is one of the largest inhabited dormant volcanoes in the world. The town's fresh air, leisurely pace and cooler temperatures make it a popular weekend retreat for Panama City's elite. (Signs along the road tell the story: "Door to Paradise" and "Villa Nirvana.") Nature lovers rave about the region's hiking trails, waterfalls and horseback riding.
But the main "activities" we encounter are relaxing and eating. New Panamanian friends have arranged lunch on the patio of La Casa de Lourdes, a Tuscan-style mansion with an idyllic poolside restaurant and terraced gardens. Surrounded by Panama's leisure class, we follow their lead and order a bottle of wine. It goes well with a table full of fresh Panamanian and Creole seafood dishes accented by spice rubs, mango salsas and yucca, the ubiquitous root that locals mash, fry and even toss into cakes.
We take a room in the adjacent building, which is not nearly as architecturally inviting as the main house. But our suite is enormous, with a luxurious modern bathroom and tiny terrace looking out on a ring of mountains. At dinnertime, we stroll through the gardens to the restaurant, now aglow in candlelight.
The next morning, heading back to the city, we stop at a roadside stand and order two chichemes, a heavenly blend of milk, sweet corn, cinnamon and vanilla. If we sip them slowly, they should last us all the way to Panama City.
Fish Market FindsWith just a few hours left in Panama, we decide to go to the source of the country's culinary goodness: the Mercado del Marisco, or fish market.
We slosh around the smelly warehouse, marveling at the piles of beautiful, slimy sea creatures. The vendors, friendly if slightly surprised to see a pair of gringos, teach us words in Spanish. The mero we devoured one night is grouper, longo is a giant tubular clam, and corvina a buttery, rich sea bass.
We meet a vendor named Niño and tell him we're craving lobster. But he shakes his head. "Not fresh," he confides.
Standing 5 feet tall in his rubber galoshes, Niño tells us he has worked the same stall for 33 years. He wants to make a sale, but he also wants satisfied customers. He recommends prawns and calamari. A pound plus of super-fresh seafood for $5.25? Who can argue?
With our catch in hand, we climb a rickety wooden staircase to a restaurant of sorts. Our waitress is brusque and the napkins are paper. There's a menu, but we don't need it.
We ask the kitchen to grill up Niño's goodies. The chef adds a pile of perfect French fries, and our bill comes to $6.
Ceci Connolly, a Washington Post reporter currently on leave, is based in Mexico City.| | | ||
| February 17, 2007 | |||
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A Booming Panama City Awaits Noriega's ReturnHow American retirees -- and a canal makeover -- are transforming the capital By JOSÉ DE CÓRDOBA February 17, 2007; Page P1 PANAMA CITY, Panama -- When Gen. Manuel Antonio Noriega gets back to this lush tropical city after a 17-year absence, the former Panamanian strongman will scarcely recognize his old haunts. I barely did.
The news that Mr. Noriega plans to come back to Panama in September after spending nearly two decades in a U.S. prison since being deposed in a 1989 invasion, is the talk of the town. His return has momentarily eclipsed the other omnipresent subject of conversation here -- the real-estate boom fueled in part by American retirees, which has turned this once laid-back city, known as a refuge for spies, arms dealers and out-of-work dictators, into an enormous building site with a Manhattan-like skyline in the making. Good times are expected to keep rolling: The country's famous canal is about to get a multibillion-dollar makeover, and a chunk of its down-and-out colonial city center is getting a facelift. Landing here recently for the first time in many years, I recalled Mr. Noriega's last day in Panama, which I covered for The Wall Street Journal. That day, I spent hours waiting for Mr. Noriega to come out of the Vatican embassy, where he had taken refuge from U.S. troops. Days earlier, soldiers had blared ear-splitting rock from sunup to sunset to drive Mr. Noriega out of his refuge, but to no avail. I still remember some of the rather pointed musical jabs -- Jimi Hendrix's electrifying version of "The Star Spangled Banner" and Elvis Presley's "Jailhouse Rock." Inside, the late Msgr. Jose Sebastian Laboa, who once held the job of devil's advocate in the Vatican -- arguing the canonical case against candidates for sainthood -- used his lawyerly skills to convince Mr. Noriega to surrender. Mr. Noriega, with his acne-scarred face, made a perfect villain, the type of tyrant the U.S. at first loves to use, and then loves to hate. After three days of loud music and 11 days of artful persuasion, Mr. Noriega walked out into the waiting arms of U.S. anti-drug agents and on to an eventual U.S. trial and conviction on drug-trafficking charges (if he does return to Panama, authorities have said they will put him on trial for murder). In his Miami prison suite, Mr. Noriega became a born-again Christian. In his absence, Panama City has also experienced a rebirth of sorts. The place teems with hip new restaurants and salsa joints. New beach and eco-friendly jungle hotels are nearby and ground has been broken on a long-planned biodiversity museum by renowned architect Frank Gehry.
The rebirth is partly the result of another U.S. invasion -- this time by the advance guard of baby-boomer retirees who have landed on Panama City's shores. Not only are the Americans here. So are the Canadians and Europeans. Venezuelans, one step ahead of the installation of fiery President Hugo Chávez's version of "21st-century socialism," are arriving in growing numbers. Another factor in the remaking of the city was last year's vote via national referendum to go forward with a $5.2 billion government-funded project to widen the Panama Canal a few miles from the city center. A third set of locks, which will allow larger vessels to go through the waterway, is expected to be completed by 2015. Panamanians are betting the canal's expansion will boost other related businesses such as insurance and financial services, and help maintain growth rates of about 7%. The canal has been central to Panama's history -- and its sometimes turbulent relations with the U.S. In 1903, President Theodore Roosevelt more or less carved out an independent Panama from Colombia in return for control of a 10-mile swath of Panamanian territory cutting through the middle of the country where the canal was built. U.S. control of the "Zone" fed Panamanian nationalism, leading to bloody riots in 1964. After thorny negotiations, the U.S. finally turned over total control of the canal to Panama in 2000. Change is even making a dent in Panama City's slummy colonial city center, once the domain of prostitutes, pimps and pickpockets. Years ago, even looking at the fetid, jam-packed, crumbling buildings of the old city made one feel in danger of contracting the yellow fever that mowed down thousands of canal workers in the 1880s. There's still work to be done, but private and public money is being used to clean up some streets and a couple of squares are now home to trendy eateries.
Many Panamanians appear happy with the way their city and country are going. Carlos Weil, a former Swiss currency trader turned Panamanian art dealer who has six passports, says the country is attracting people from all over the world. Half his clients are now foreign, boosting his prices and expanding his market. Foreigners have brought with them lots of new restaurants -- and even the city's first serious bookstores. From colonial times, when the city was a key transit point for the transport of gold and silver from the mines of Peru to imperial Spain, commerce has always been Panama's driving force. The loot then woke the greed of famed pirate Sir Henry Morgan, who sacked the city in 1671. The ghostly ruins of that first Panama City can still be seen a couple of miles from downtown. One of the world's largest offshore banking centers, Panama still attracts its share of pirates and flim-flam men. My all-time favorite for sheer verve and virtuosity was Lloyd S. Rubin, a Jackie Gleason look-alike widely admired here as the king of the upfront-fee scam. For years, Mr. Rubin lured hundreds of would-be entrepreneurs to Panama where he relieved them of millions of dollars by charging exorbitant fees in exchange for promises to provide investment funds that never materialized.
In 1991, I wrote about Mr. Rubin in The Wall Street Journal. The following year, a notice appeared in local newspapers announcing Mr. Rubin's untimely death in Thailand. Three years later, Mr. Rubin rose from the dead. He surfaced in Ecuador, with an alias, Carlos Campbell De Cordoba, a name I felt almost turned him into a long-lost cousin. He was returned to the U.S. where he pled guilty in Georgia to fraud charges to do with his Panama scheme, and spent some time in prison. (Mr. Rubin now runs an art gallery here.) Panama has historically been a refuge for deposed autocrats and disgraced politicians. After Iran's Shah of Shahs lost his Peacock Throne, he lived for a few months on nearby Contadora island. Haiti's strongman, Gen. Raoul Cedras, a diving enthusiast, found refuge here after the U.S. knocked him out of the box in 1994. And in 1997, Ecuador's President Abdala "El Loco" Bucaram ended up here after the congress dismissed him from office for living up to his nickname. Mr. Bucaram, who insisted I was an agent for the Central Intelligence Agency in my one interview with him, is said to be a habitué of the city's casinos, but I've never spotted him among the one-armed bandits.
I'm happy to say that my favorite bar, El Pavo Real, or the Peacock -- billed as Panama's only British pub -- is still around. The Pavo Real was Panama's version of Rick's Café from "Casablanca," a place where gun runners, drug pilots and one of my best sources -- a Cambridge-educated insect exterminator who was also an acute social critic -- got together for drinks. The late prima ballerina Dame Margot Fonteyn, who was married to a Panamanian politician, would drop in for lunch. So did more recently John le Carré -- in town to write "The Tailor of Panama," his remake of Graham Greene's "Our Man in Havana."
Old Panama City had a cozy, almost familial air to it. Anybody who was anybody was related by blood or marriage. That was brought home forcefully to me on my first visit to the country. I was covering the 1987 riots that eventually led to Mr. Noriega's downfall, when unbeknownst to me, my future father-in-law, the deputy administrator of the Panama Canal and a man proud of his Sicilian bloodline, asked Panamanian and U.S. military police to give me some rough treatment. For reasons too complicated to go into here, he thought -- mistakenly -- that I hadn't done the honorable thing by his daughter, a diplomat in Miami whom I had recently met. To set things right, he wanted the police forces to find me in the chaos of tear gas and flying rocks and give me a light work-over to teach me a lesson in proper etiquette. Luckily, the forces were busy with more important things. I married his daughter shortly afterwards, and now get along famously with her father. That small-town feeling -- where such favors are asked and granted -- is fading fast. Write to José de Córdoba at jose.decordoba@wsj.com1 Trip Planner: Panama CityHow to Get There: Regular direct flights leave from Miami. Where to Stay: The Bristol Hotel, a boutique hotel close to the city's financial center, is a favorite; rooms start at about $300 (www.the bristol.com2). Close by is the Hotel de Ville, another boutique hotel where rooms start at $175 (www.devillehotel.com.pa3). Where to Eat: Panama has great seafood restaurants. Try Siete Mares, where the specialty of the house is Msgr. Laboa's Lobster, topped with red caviar and named after the late papal nuncio who talked Gen. Noriega into abandoning the Vatican embassy and surrendering to U.S. troops (Tel: 507-264-0144). Madame Chang's is considered one of the best Chinese restaurants in town (Tel: 507-269-1313). What to Do: A visit to the Panama Canal is a must -- take a taxi to the Miraflores locks. Stroll by the ruins of the first Panama City, sacked by the pirate Sir Henry Morgan in 1671, a couple of miles from downtown. Visit the present Old City, known as the Casco Viejo, which is being rehabilitated. There, stop by the cathedral and the Plaza de Francia, with its touching monument to the French engineers who died in the first failed attempt at building a canal. The Amador causeway has lots of bars and restaurants and is great for jogging and bicycling. José de Córdoba | ||||||||||||
By Indira A.R. Lakshmanan, Globe Staff December 27, 2006
PANAMA CITY -- Long a freewheeling shipping hub and offshore banking center for the Americas, Panama is enjoying a building boom on a scale unmatched since the construction of its famous canal 92 years ago.
The country is luring investors and expatriates worldwide, with interest further boosted by the recent approval of a $5.2 billion plan that will double the canal's capacity.
A real estate frenzy fueled by easy credit from Panamanian banks, government incentives, and a saturated US housing market for retirees has attracted speculators and prospective residents from California to Dubai. They are snapping up preconstruction bay-front apartments, highland villas, and the latest luxury development from Donald Trump -- a $220 million residential, office, and hotel complex called Trump Ocean Club, with towers shaped like a yacht sail. Two rival Spanish projects are vying to build the tallest skyscraper in Latin America at about 100 stories.
Construction moguls and estate agents say Panama City is a sure bet for investors, offering discount prices for quality of life and healthcare rivaling the United States', more than 100 international banks, tax breaks, and stunning Atlantic and Pacific coastlines.
But urban planners and long time residents warn that overbuilding could ultimately strain the country's roads, water supply, and other infrastructure to the breaking point with devastating consequences.
Almost no one seems to be heeding those alarms.
Cranes, building sites, glitzy sales offices, and real estate package tours aimed at foreigners are everywhere, from Avenida Balboa in downtown Panama City to suburban Punta del Este. Laundered drug money from neighboring Colombia built some of the early mirrored high-rises in the 1980s, but today's buyers include fixed- income senior citizens from the United States searching for a less expensive place to retire as well as billionaires from Monaco and Cannes.
David Btesh, a partner in Pacific Point, a high-end condominium project under construction on a landfill in downtown Panama City with units ranging from $300,000 to $1.1 million, said foreigners are looking for a haven from a world they perceive as unsafe because of crime at home and global terrorism.
"They're not going to Europe because it's too expensive, Canada's too cold, and Mexico's only Spanish-speaking," while many Panamanians speak English, Btesh said.
"Panama is a dollar economy with a democratic government. There's every kind of food, a modern airport with about 54 flights a day, and the second-largest free-trade zone in the world after Hong Kong," he said.
US citizens represent two-thirds of foreign resident visas issued in Panama in recent years, officials say, with at least 1,379 Americans moving to the country since 2003. Celebrities from Mick Jagger to Bono reportedly have purchased property in resort areas outside the capital.
The canal, central to the country's history, also looms large in the current boom.
The United States supported Panama's declaration of independence from Colombia in 1903 in exchange for US control of a canal connecting the Atlantic and Pacific oceans. In 1914, the US-built canal was completed, and the zone remained under US control until 2000.
In October, a majority of Panamanians voted to finance the construction of a third canal lock over the next decade that will allow the 50-mile lock and lake system to accommodate bigger ships and double toll revenues within 20 years, according to government estimates. Ricuarte Vásquez, minister for canal affairs, said the referendum "is a vote of confidence" in the local administration of the canal that has raised interest in Panama as an investment destination.
About 107 residential building projects of at least 20 stories, valued at $3.2 billion, are under construction in metropolitan Panama City, according a survey by Prima Panama, a real estate promotion company. That construction activity accounted for one-fifth of Panama's annual gross domestic product.
The report also found that about 11,000 apartments are scheduled for completion within four years -- the same number that were built over the past 11 years in metropolitan Miami, by comparison, where a glut has softened the market. The survey found that the average price of a new condo in Panama City is $289,111.
The cost has raised concerns about who will be able to afford to live in Panama.
Some will be the jet-set buyers targeted by the Trump complex, which is selling preconstruction condos from $400,000 to $8.7 million. The K Group, local developers of the project, says Americans including Trump, top the list of buyers at about 40 percent, followed by Canadians, Europeans, and Latin Americans.
Other buyers are expected to be baby boomers from the United States seeking more value for their retirement money. Modern Maturity magazine ranked the town of Boquete, in Panama's highlands, as one of the world's top retirement destinations.
Kit Marchel, a 35-year-old real estate investor, said she sold her Los Angeles condo last year for $3.3 million and bought an 8,000-square-foot villa at a southern Panama beach for $335,000. Since then, she has acquired 17 properties in resort areas and the capital, with plans to resell, rent, or redevelop them.
"The communications work, you can drink the water from the tap, there's no currency exchange issue, and it feels a lot like home," she said. "I've made a commitment to this country. . . . I did my research first. There's one baby boomer retiring every six seconds -- add those numbers up."
But a question nagging even the bullish is whether public services and demand can keep up with rising supply and prices. Already the capital suffers from traffic jams and fumes from untreated sewage that is dumped into Panama Bay. Public transport is sorely lacking, and the water supply is insufficient in poor neighborhoods.
"It's a time bomb -- you cannot meet the demand of all these high-rises with the infrastructure that exists," said urban planner Jorge Ricardo Riba, a former top official with the National Planning Office. "What happens when people start to live there?"
If the US economy weakens, he said, "there may not be enough buyers. I see a lot of empty apartments in the future."
Sandra Snyder, an American relocation consultant in Panama City who has written two books about expatriate life in Panama, also worries that the country's infrastructure cannot keep up with the pace of building. "This is such a lovely place, and I hate to see what's happening with this frenzy of building," she said.
A few developers say they are looking beyond the quick buck and want national and local officials to forestall problems before they arise.
José Bern of Empresas Bern, a hotel and real estate giant, said his biggest problem is finding workers to complete his projects on time and within budget. Panama City "is experiencing some growing pains, and it will get worse before it gets better," he said. "But maybe that's good, to slow things down."
Sarah Cox, a consultant with International Living, a publishing and seminar company, says the government has promised a new bridge, a wider main artery, a revamped bus system, a waste-water treatment plant, and a cleanup of the bay.
Cox acknowledges that speculation and overbuilding could bring down Latin America's new boomtown. But for now, she said, "I don't see that they'll stop building until people stop buying. . . . It's like picking up dimes in front of a steamroller. As long as you can stay ahead of the steamroller, you're fine."
http://www.boston.com/news/world/articles/2006/12/27/panama_on_the_rise/
>> my package went were?
Shipping and Mailing Solutions in Panama
When your address changes from “128 Elm Street, Farmsville TX 76508” to “El Cangrejo, la Vía Argentina, la primera calle después del parque, a una media cuadra norte del almacén, frente a la casa amarilla de tres pisos, apartmento tres D, ciudad de Panamá, República de Panamá”, receiving your Christmas cards from family in the States may not be as simple as it used to be. Christmas cards, however, are probably not your main concern. When you choose to live in a foreign country, many items are simply unavailable or out of your budget when available locally. The fact is that sometimes you will need to receive documents and packages quickly and securely. Luckily, there are several solutions.
a po box in miami
In Panama, several companies offer mail-forwarding services. These private mail companies provide you with a PO Box address in Miami to receive your mail and then forward it to Panama within 48 hours. Most companies will deliver the mail to your home. The cost for this service is based on the weight of your correspondence, which generally runs around $3-4 per pound depending on the terms of your contract. It is a good idea to know how much mail you expect to receive in order to select the plan that suits your needs. Keep in mind that magazines with several hundred pages can weigh up to 2 pounds each. Another benefit of maintaining a US mailing address is that you will not be charged a fee by your credit card company for having an address overseas or receive your frequent flier statements in Spanish.
Requirements for the application of the Retiree / Rentista Visa
1) Power of attorney and request by the attorney. Power of attorney must include the information about the applicant (exact address, telephone number...) and full name of parents and nationality. All the information about the attorney must be specified (Office address, telephone and fax number), complete information of cheques that are provided (number of checks, name of nak, date and amount) of all documents enclosed and the legal basis.
2) Good Health Certificate, issued within the three months before the date of the application (must have date, signature and stamp with the name, signature and registered number of the physician)
3) Police record from the country of origin (only when the applicant has less than two years of continuous residence in Panama).
4) Two (2) sets of photocopies of the entire passport, also authenticated by a Notary Public.
5) Four (4) recent passport-size pictures.
6) Certificate issued by the National Bank of Panama, stating that the applicant earns a minimum monthly return of Seven Hundred and Fifty dollars (US$750.00), solely coming from the interest yielded by the certificate of deposit, without any encumbrance of any kind. The certificate deposit must show it being for a minimum term and date of maturity of five years.
7) Copy of the certificate of deposit or contact, authenticated by the National Bank of Panama.
8) Sworn statement about Personal Background signed by the applicant and the Immigration official receiving it (the form may be downloaded in a .PDF file from here).
9) Two sets of copies of all documents submitted, except for the passport.
For the Pensioner / Pensionado visa, items 1), 2), 3), 4), 8), 9) are required. In addition, the following are required:
a) Police record or Certificate of Disposition from police or court in applicant's place of origin.
b) "Duly authenticated document, which certifies the following:
-The applicant's condition as retired or pensioner from a foreign government, international organization or private entities.
-That the applicant receives a monthly pension of no less than US$500 or its equivalent in foreign currency, plus US$100 for each dependant
-In the case of persons retired or receiving a pension from private entities, a document from the corresponding authority certifying the existence of said entity must be submitted".
NOTE:
A) In case that the application includes dependents (wife and minor childrens), the requirements for Immigrant Visa as Dependant of Resident must be enclosed, along with two sets of additional photocopies.
B) All documents issued abroad, should be submitted duly apostilled or authenticated by the Embassy or Consulate of Panama in the country that issued it and by the Ministry of Foreign Relations of Panama.
C) All documents issued abroad in language besides Spanish, must be translated by a certified interpreter recognized by the Minister of Justice.
D) Every foreigner must be duly registered in Immigration Movement Section for which the following must be submitted:
* Two (2) passport-size pictures
* Copy of the page of general information in the passport and that which contains the last seal of entry into the country
* US$1 for registration
* Answer the registration questionnaire.
Schedule for submission of documents 8 a.m. to 1 p.m..
FOR RENEWALS OF THE 5-YEAR PASSPORT, items 1) to 9) must be submitted.
Provided by the Directorate of Immigration as of January 13, 2004, and subject to changes
Panama traffic regulations
>
> so where does a person find this unknown book of driving laws?
> Never heard of it before.
>
Panama traffic laws that a copy of the Traffic Regulations (Executive Decree 160 of 1993) be inside the car. Non-compliance is fined US$15.
A copy of the Regulations are available online
In addition, foreigners who have more than 90 days since their last entry to Panama must have a Panama license which duration is the same as that of their Immigration card.
New requirements for Special Permit Extensions
Immigration Resolution 38 of April 26, 2006, has been enacted to regulate the granting and renewal of Special Permits and replace Resolution 2975-DMYN of June 6, 1996.
The application must be submitted in person at the Immigration or with notarized, in stamped paper, enclosing:
1) Power of attorney,
2) Copy of passport,
3) Certified check to the order of the National Treasury for US$300, if the applicant is at least 18 years old,
4) Letter from a resident who acts as sponsor of the applicant and is responsible for all the expenses and the eventual repatriation to the country of origin,
5) Evidence of economic solvency of the sponsor,
6) Copy of cedula or residence card of sponsor,
7) Copy of utility bill of the sponsor, to verify his/her location,
8) Immigration Background ("Declaracion Jurada de Antecedentes") form
Special permits may be granted for up to 1 year and only under exceptional circumstances may be extended.
For the full text, see http://www.asamblea.gob.pa/GACETAS/2000/2006/25553_2006.PDF
| Immigration office at Cuba Ave. & 38th Str. |
According to a media report of May 1, Panama Immigration signed a resolution which restablishes a special visa granted to those who invest US$40,000 in a forestry project.
Since the visa was abolished by a Law, it is not clear how can a mere Resolution go against a law.
Full text in Spanish http://mensual.prensa.com/mensual/contenido/2006/05/01/hoy/panorama/585678.html
REFORESTACIÓN.
Sady Tapia
stapia@prensa.com
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BANK ACCOUNT REQUIREMENTS IN PANAMA
The Panama Superintendent of Banks has a website In addition, Panama banks owned by investors holding publicly-traded shares, disclose their financial statements and relevant events to the Panama Stock Exchange http://www.panabolsa.com/Foreigners are subject to "Know-Your-Customer" (KYC) requirements when opening an account with a bank in Panama. Subject to changes according to internal procedures of each bank, applicants must appear in the person at the bank for a personal interview and provide :
1) 2 Letters of Reference from 2 other banking institutions, authenticated with Apostille or by Panama Consul, addressed to the bank in Panama,
2) Copy of the passport and another picture identification (providing the original documents for verification)
3) Tax return or other document which will help the bank identify the income range of the applicant and compare it with the movement of account.

BY LARRY LUXNER
JOURNAL OF COMMERCE STAFF
WASHINGTON -- When people talk about free- trade zones in Panama, they usually mean the Colon Free Zone -- a heavily guarded, merchandise-packed city within a city, which last year imported and re-exported $10.6 billion worth of electronics, clothing, liquor and other luxury goods.
But now, Panamanian officials are promoting a different animal, called Export Processing Zones. These sprawling industrial parks -- housed in former U.S. military buildings now being turned over to the Panamanian government -- hope to copy the success of Mexico's border-area maquiladoras, nurtured by preferential tax and duty treatment.
Speaking Wednesday to 100 potential investors at a conference in Washington, Nicolas Ardito-Barletta, administrator of Panama's Interoceanic Regional Authority, outlined his government's plans to boost the relative importance of manufacturing in Panama's service-oriented economy.
Alvaro Aguilar, a Panama City attorney attending the conference, said EPZs could also offer data-processing and database maintenance services under a draft law that Panama's Ministry of Foreign Affairs is preparing.
"It's not just apparel and sweatshops. Under this law, they'll get all the same incentives and benefits as if they were doing apparel," he said, noting that "now, with Y2K (Year 2000 computer) problems, they're hiring tons of programmers from India. Our idea is that Panama can do that, too."
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