Today began the construction of the new Amador cruise ship port with an investment of $165 million which will have the capacity to receive 2 mega-cruise ships and of up to 10 thousand passenger’s simultaneously. The new port of Amador will generate plenty of jobs for Panamanians and increase the countries competitiveness, making it a strong competitor to the cruise industry and a tourist potential spot....
There are many questions asked about Panama Real Estate taxes and how to calculate what the estimated tax will be when purchasing a property. Until recently there was a 20 year tax exemption on new construction and improvements for properties up to 120,000, any amounts over that were on a sliding scale depending on the amount of the property. These exemptions were only for improvements to the land, but the...
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