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<h1 class="entry-title">Tag: banking</h1>
22 Feb
behind panama economy, a view form cerro ancon, the city lanscape and the sea

What’s Really Behind Panama’s Booming Economy?

What's Fueling This Boom? (And, No, It's Not Too Late For You To Get In) The economy of the country where you decide to relocate is important... because a healthy economy means money flowing through the place. It also helps to support a safe and stable climate generally. Panama has the most robust economy in [...]
13 Feb
Learn How To Manage A Rental Investment Property In Panama City

Why I Don’t Recommend Any Of The 78 Banks In Panama

“What bank do you recommend in Panama?” That’s one of the most frequently asked questions I receive. I get it at least a couple of times a week… The honest answer? None. Panama currently has 78 banks. Of those, 29 have international licenses; 49, including the 2 government banks, have general licenses. I’ve dealt personally […]

25 Aug
Offshore Banks are a complex matter these days.

Why I Don’t Recommend Offshore Banks Anymore (From An Offshore Expert)

Banking overseas is more challenging today than it’s ever been and more challenging all the time thanks to the constantly changing landscape. One week, one bank will open an account for Americans. The next week it won’t. Another bank that required a US$100,000 minimum bank balance increases that requirement to US$500,000… and then reduces it […]

26 May
Filing Your FBAR

Tips For Filing Your FBAR

A friend I caught up with last week in Medellin, an American, told me with a grin that he’d already completed and filed his FBAR for this year. He was pleased with himself for getting  it in early…until I reminded him that, starting this year, the FBAR must be filed electronically. My friend had filled […]

23 May
cartagena colombia as well as medellin are great places to invest in colombia

Investing In Factoring In Colombia

One of the benefits of hosting conferences around the world is the chance they give me to spend focused time with key contacts in key markets. It’s at our conferences that I find out about ear-to-the-ground kinds of opportunities that usually don’t make it beyond a small circle of investor-friends. This week in Medellin, for […]

16 May
Frustrations Of Banking Offshore

Frustrations Of Banking Offshore

You should have an account with an offshore bank. That’s a fundamental step in any plan for diversifying offshore. How do you choose where to open your first (or subsequent) offshore bank account? Don’t try to base the decision on customer service, because, the sad truth is, finding a financial institution with consistently good customer […]

21 Apr
Two Winners, Two Losers

How To Choose A Rental Investment Property In Panama City, Panama

The first viewing was a one-bedroom, two-bath apartment with a den on Avenida Balboa. The den could be converted into a small bedroom to make the unit a two-bedroom. Why did the developer not package the property this way in the first place? Probably due to concerns over zoning density. Other apartments along Avenida Balboa […]