Panama Investor Blog

Coffee - "The Best of Panama 2014" hits average price per pound $34.61

Chiriqui: Valley of the Moon is where the best coffee of Panama is produced, thanks to its biodiversity and fertile earth located at the skirts of the Volcan Baru.

Panama Prensa –  A total of 46 batches of the best Panamanian coffee will be offered in the second electronic auction "the best of Panama" on August 26th with a base of $ 4 per pound price, confirmed today the Specialty Coffee Association of Panama.

The Association noted that the contest for the batches obtained XVIII last international coffee cupping Panama over 85 points corresponding to 14 lots of washes Geishas, ​​Geishas Natural 7, 7 and 18 Traditional Traditional Natural Washed be included.

 

The traditional coffee varieties include Bourbon, Typica, Pacamara, Caturra and Catuai added the Association.

Plinio Ruiz, President of the Association, explained that this second auction this year is to expand the sales channel, using the electronic auction to the future Panama place all production of specialty coffee processing in demanding international markets.

"The Best of Panama 2014" achieved the best average price of $ 34.61 per pound and producers are now ready for a second auction where they hope to get very good prices.

This week the second electronic auction aimed and international buyers have begun to compete for enrollment each batch of coffee for auction.

Want to invest in coffee? Let us know, and we will help you find available land for the production of high quality products.

Related articles

Geisha Specialty Coffee: Singapore Coffee Review

Best of Panama 2014

Rumours of New Theme Park to be built in Panama - when and where?

There are rumours that a North American theme park franchise is to be installed in Panama as a strategy to increase tourism in the country.

President Juan Carlos Varela designated the new Minister of Tourism, Jesus Sierra – who says that soon it will be announced the name of the franchise and location of the “new park”.

The Minister of Tourism says that the new player is experienced in the field of tourism, and will help promote business in Panama.

The sooner we know where this project is to be done – the sooner we will invest in the surrounding areas – Depending on how big of a scale this project is intended to be - real estate could have a significant boom if the theme park defines a new level of entertainment worthy to be a tourism attraction that will appeal the North and South of Americas equally. 

Where in Panama do you think the "new theme park" will be located?
Comment below!

Related articles

Panama's New Leader - President Juan Carlos Varela

Panama is one of the most Economically Stable places where Multinationals can have their Operations.

Panama has played its cards right when it comes to business, because of the enacted tax breaks and broad economic incentives it is becoming an allure for companies looking to relocate.

There are many exemptions and benefits offered by the Law 41. It exempts money earned abroad from income tax. This is the biggest benefit that multinationals get especially that they only operate in Panama but render services abroad. Panama's infrastructure and location also allows these corporations to operate from a strategic point without undergoing the usual red tape for foreign owners and CEO's.

Hiring personnel and staff have also become easy through the said law. It allows international companies to hire foreign born employees without worrying about immigration restrictions. This even includes visa assistance to employee's families which allow them to stay in Panama even without obtaining work permits.

It is also a big plus that the country uses the US dollar as its official currency. Multinationals have the convenience of being in a global banking hub, as well as having a strategic geographical location which connects the North and South America.

Companies from around the world have already began their Latin American presence in Panama.

A few companies that have decided to benefit from Panama's laws include: Procter and Gamble, Caterpillar, Dell, Hyundai Heavy Industries, , Western Union, 3M, Vanity Fair, Peugeout, Roche and Merck.

Executive relocations mean furnished rental demand and increased home sales in certain sectors of Panama City for example in Panama Pacifico. 

The Panamanian Government has made key decisions to continue alluring foreign investment, with its continuous pursuit to improve infrastructures around the country such as airports, metro system, bridges, roads and more – We see a bright future in Panama for the decades to come. That is – if, we began to improve the overall distribution of resources to continue receiving the waves of people entering Panama and thus be more self-sustainable, independent and free when uncertain times come (we all remember the world economic crisis and to many degrees people believe we are yet to experience the unfolding of the global monetary system) – time will tell. 

Until then, Panama seems to be in an advantageous country for business - because of its geographic position, strategic importance (Panama Canal) and continuous economic growth.

The Panama Canal: Money making Machine

Retirement has a Throne

Every year a country of this Planet is proclaimed the #1 place to enjoy the rest of your life after retirement, and its no big surprise that Panama earned this title amongst our civilization. The Annual Global Retirement Index (now on its 23^rd year) ranks the best international retirement destinations, and together with factors provided by InternationalLiving.com ranging from the price of groceries and average temperature, to utility costs and the friendliness of locals, the editors assess the results. After they do all the math, the result concludes that there is simply no other place where retirees can get more for their buck.  PANAMA is the place to be!

Panama is rapidly becoming a Capital for the world to invest into and this brings lots of incentive programs to make it a place worthy of spending the rest of live in. Having the American dollar as a currency and English as a widely understood language, it’s a magnet for retirees moving from the US and the world. This Central American nation has several significant reasons for obtaining this title, such as its pensioner residence program that offers discounts on real estate loans, medical expenses, pensioners entertainment expenses and much more. But most significantly the immigration process has been simplified for foreigners.

Panama has introduced new visas in the past year, that have made it easier to gain residence; and having a population of around 4,000,000 with a growth of 75,000-80,000 a year, has been a factor that encouraged major advances in infrastructure and boosted the economy in many ways. But besides many factors that make this country a “Happening” place, the low cost of living, the heavenly climate found across the country and the incredible scenery all around are key factors of this judgment.  

Some quotes from an Article on Forbes regarding this announcement are:

 

“If you’re planning to retire abroad—because you want to live better for less, diversify your investments or enjoy a greater degree of adventure—you should consider Panama…”

 

“Panama ranked No. 1 this year because it offers a “great combination of variety and value,” “No matter what it is you’re hoping to find, Panama is a good place to look for it.”

 

The Top 10 places on the list were:

1- Panama

2- Ecuador

3- Malaysia

4- Costa Rica

5- Spain

6- Colombia

7- Mexico

8- Malta

9- Uruguay

10- Thailand

Contact us if you are considering Panama for your next social or economic adventure! – we will gladly help you out, and point you to the right direction based on what you desire.

New Panama business website opens

The Panamanian government has made available a new website that focuses on business oportunities in the country. It is all in English so take a look here. Here is an artilce from La Prensa about what the new site has to offer.

On the site 'meetpanama' the President talks to investors, he suggests carefully check the information 'to build a strong relationship with Panama. "

persuasion. Martinelli encouraged to invest. PRESS1483625

Triny MARY ZEA
[email protected]

The level of investment in Panama, risk ratings, the country's domestic economic reports and even a hotline to talk with investment specialists are part of the information provided in www.meetpanama.com.pa.

The portal was announced by the president, Ricardo Martinelli last Thursday in Washington as part of its campaign to attract investors.

On the site the president gives a speech on video and in writing in English in which notes that Panama is a good place for business. "That is why we created this site to get you and the world, and tell the dynamic story of economic opportunities for Panama," says Martinelli.

For John F. Kiener, the Industrial Union, is "a well presented site promotion, similar to other countries where there is a message from the President inviting investment, and interactive information.

However, currently there is another site with similar information and the same goal: http://proinvex.mici.gob.pa/.

"They make the same efforts with double cost," said Roberto Alfaro, Business Council US-Panama. The Foreign Ministry, Ministry of Commerce Proinvest and now the presidency promoting investment in addition to the private sector, so Alfaro suggests synchronize efforts. The Presidency Press consulted for details of cost and administration of the portal, but no answer. On the web indicates that distributes HDMK, which charges the government $ 30 billion a month for the media strategy to the American public.

Panama farms open sea Cobia

This press release came across my desk and I found it very interesting. I had heard about a tuna farm being experimented of the coast of Chiriqui, but had not heard about this operation. I am all for sustainable fish farming and this open sea farm sounds great.

New York, NY and Panama City, Panama (August 31, 2009) - Open Blue Sea Farms, the leading practitioner of sustainable open ocean aquaculture, announced today an agreement to acquire the major assets of Pristine Oceans, forming the world's largest open ocean aquaculture operation by year-end.

Free-Range Fish Farmer: Brian O’Hanlon, Open Blue Sea Farms CEO, observing his stock of cobia swimming in a submerged containment dome, which can reach heights of 15 stories or more, beneath the Caribbean off the coast of Panama.  Open Blue’s “free-range” aquaculture methods hold sea life in its natural environment while decreasing risk of disease, greatly reducing ecological impact and cultivating a superior dining product.

Since August 1, 2009, Open Blue has managed Pristine. It will consolidate assets into its own ocean sites. Both firms farm cobia in Panama because of the fish's rapid growth rate, nutrition, rare taste and texture. Of the 43,000 stocked cobia, 10,000 are destined for the gourmet seafood market between December and April. Open Blue seeks an investment of $7M for further growth.

Read the rest of the story at their website