(Martes Financiero) Colon Free Zone, Panama Pacific, City of Knowledge and export processing zones, now called zones, are the four special economic zones that promotes the agency for attracting investment and promoting exports (PROINVEX) under the Ministry of Trade and Industry (Mici). But why are special economic zones? These are areas with tax breaks for specific … [Read more...]
Gringo Price in Panama: $250k…Local Price: $105k
(International Living) I was sitting across from a young go-getter at a trendy sushi spot in the cool part of town. Let’s call him Bob. “I’ve been looking for a condo—as an investment and to live in for a while,” said Bob. “I think I may have finally found the right one.” He had come across a property of just over 1,000 square feet near the posh Coco del Mar district…for … [Read more...]
Niko’s Cafe Panama: Cafeteria Style Food That’s Surprisingly Good
(Panama Gringo) I usually shy away from chain restaurants and cafeteria style spots for sheer lack of taste and quality. Niko’s Cafe in Panama City is one of the only places that will cause me to make exceptions to my typical dining rules. I really enjoy eating at Niko’s. The prices are great, the food is good and the staff is actually somewhat friendly. Niko’s not only serves … [Read more...]
“I’ve Never Regretted the Move to Boquete, Panama”
Name: Robert Cook Age: 54 Nationality: U.S. Living in: Boquete, Chiriqui Highlands, Panama When Robert Cook sold his house and car, quit his job and took off for Panama, his friends and family asked him if he was on drugs. That was six years ago and things have changed since then. “They say they envy me now,” Robert laughs. “My stress level is way down and I’m … [Read more...]
Looking for Property in David? Check Out This Steal
(Panama Gringo) The housing market in Panama never ceases to amaze me. While browsing some real estate listings for a friend I discovered this seemingly great deal on a home in David, Panama. This 3 bedroom 4 bath home located in a safe and comfortable neighborhood is only listed for $100,000. You’d be hard pressed to find a home in Panama City or anywhere in the US with … [Read more...]