Panama, known for its lush landscapes and vibrant culture, is also home to a treasure trove beneath its surface - a wealth of minerals that has played a significant role in the nation's economy. In this blog post, we'll embark on a journey through Panama's mining history, exploring the first mining contacts, the types of minerals extracted, the financial impact on the country, and the role of mining in Panama's GDP.

A Glint in the Ground: Panama's Mining Beginnings
Mining in Panama has a history that dates back centuries, with the first mining contacts established during the Spanish colonial era. The Spanish conquistadors, lured by the tales of untold riches, explored Panama's rugged terrain in search of precious metals.

The Golden Era: Precious Metals and the Spanish Influence
In the early days of mining in Panama, gold was the primary focus. The indigenous populations had been panning for gold in the rivers long before the arrival of the Spanish, and this attracted the attention of the conquistadors.

Silver, Copper, and Other Minerals
While gold took center stage during the initial exploration, Panama's subsoil held more than just this precious metal. Over time, silver, copper, and other valuable minerals were discovered, leading to the establishment of mines across the isthmus.

Boom and Bust: The Impact of Mining Cycles
Like many mining regions, Panama experienced cycles of boom and bust. The opening and closing of mines were often tied to market demands, changes in technology, and geopolitical factors.

Modern-Day Mining: A Diverse Mineral Landscape
In contemporary Panama, mining extends beyond gold and silver. The country's mineral wealth includes deposits of copper, zinc, lead, and other minerals. The shift towards diversified mining operations has brought new challenges and opportunities to the sector.

Mining's Contribution to Panama's Economy
Mining has had a substantial financial impact on Panama, contributing significantly to the country's economic well-being. The revenues generated from mining activities have funded infrastructure development, education, and other essential services.

The Financial Impact of Mining
The financial impact of mining in Panama is substantial. Revenues from mining activities contribute to the national budget, supporting vital projects and programs. Mining is an integral part of Panama's Gross Domestic Product (GDP). It contributes not only in terms of revenue but also by promoting economic diversification and enhancing the country's economic stability. In fact, prior to the expansion of the Panama Canal in 2014, mining was the single most important contributor to the country's GDP.

Employment and Communities
Mining also plays a crucial role in providing employment opportunities for Panamanians. In regions where mining operations are located, communities benefit from jobs, infrastructure development, and social programs funded by mining companies.

Challenges and Sustainability
The mining industry faces various challenges, including environmental concerns and social impacts. In recent years, Panama has been working to strike a balance between resource extraction and sustainability.

Sustainable Practices in Mining
Panama's commitment to sustainable mining practices has led to the development of regulations and standards to minimize the environmental impact of mining operations.

Social Responsibility
Mining companies operating in Panama are increasingly focusing on social responsibility initiatives. These efforts benefit local communities and the environment, contributing to the long-term sustainability of the mining sector.

Future Prospects: The Role of Mining in Panama's Development
As Panama continues to grow and develop, the mining sector remains a significant player in the country's economic landscape. Future prospects for mining in Panama include expanding exploration efforts, embracing green technologies, and fostering innovation in the industry. However, Panamanians want more transparency in how the money is used. This has been a big focus on the Protests of 2023.

Panama's Underground Legacy
Mining in Panama is more than a financial endeavor; it's an intrinsic part of the nation's journey towards economic growth and sustainability. From the first Spanish explorers seeking gold to modern mining operations extracting diverse minerals, Panama's underground legacy continues to shape its path to prosperity and progress.

In the ever-evolving landscape of international finance and regulation, the Financial Action Task Force (FATF) plays a crucial role in combating money laundering, terrorist financing, and other financial crimes. One significant aspect of FATF's mechanisms is the "gray list," which includes countries that require enhanced monitoring due to deficiencies in their anti-money laundering and counter-terrorist financing (AML/CTF) frameworks.

Panama, a country with a burgeoning financial sector, has had its share of experiences with the FATF gray list. In this blog post, we'll delve into why and when Panama was placed on this list and explore the recent developments that led to its removal.

Understanding the FATF Gray List
The FATF, established in 1989, is an intergovernmental organization that sets global standards for AML/CTF. It maintains two lists: the "blacklist" (also known as the "high-risk jurisdictions subject to a call for action") and the "gray list" (or "jurisdictions under increased monitoring"). Countries on the gray list are not considered high-risk but are required to address certain deficiencies in their AML/CTF systems and demonstrate progress in their commitments.

Panama's Entry on the FATF Gray List
Panama's journey on the FATF gray list began in 2014 when it was placed under increased monitoring due to concerns about the effectiveness of its AML/CTF measures. The main issues included the absence of an adequate legal framework for the freezing of assets related to terrorism, and weaknesses in regulatory oversight, among other challenges.

Progress Toward Compliance
Being on the FATF gray list prompted Panama to take significant steps to address these concerns. The government, financial institutions, and regulatory bodies worked collaboratively to strengthen their AML/CTF regime. These measures included the implementation of enhanced customer due diligence (CDD) requirements, improved regulation and supervision of non-financial businesses and professions, and the establishment of a dedicated financial intelligence unit.

Panama also made legislative changes, including the criminalization of terrorist financing, the enhancement of customer identification measures, and improved reporting requirements. Furthermore, it entered into international agreements to facilitate the exchange of financial intelligence and cooperation in AML/CTF efforts.

Panama's Removal from the Gray List
After several years of comprehensive efforts, Panama's commitment to addressing the FATF's concerns bore fruit. On October 27, 2023, Panama was officially removed from the FATF gray list. This momentous development signifies the country's dedication to strengthening its AML/CTF regime and aligning it with international standards.

The decision to remove Panama from the gray list was based on a mutual evaluation, which demonstrated Panama's progress in addressing the deficiencies identified by the FATF. Panama's financial institutions, government agencies, and regulatory bodies have all played a pivotal role in implementing measures that enhance transparency, cooperation, and compliance.

The Implications of Panama's Removal
Panama's removal from the FATF gray list is a significant achievement that not only reflects the country's commitment to international AML/CTF standards but also holds far-reaching implications for its financial sector. Financial institutions in Panama will benefit from enhanced credibility and reduced scrutiny, potentially attracting more international business.

Moreover, Panama's removal from the gray list is proof of the effectiveness of international cooperation and the shared goal of combating financial crime on a global scale. It underscores the importance of mutual evaluations and ongoing efforts to strengthen AML/CTF frameworks in compliance with FATF standards.

A Testament to Commitment and Cooperation
Panama's journey on the FATF gray list, from its placement in 2014 to its removal in 2023, is a story of dedication, collaboration, and progress. The nation's ability to address the concerns raised by the FATF and implement reforms in its AML/CTF framework serves as a model for other countries striving to enhance their financial integrity.

The removal of Panama from the FATF gray list not only opens doors for its financial institutions but also strengthens the international community's efforts to combat money laundering and terrorist financing. It is a reminder that, through cooperation and collective commitment, countries can overcome challenges and create a safer global financial environment.

This is a big day for us, and we celebrate it together.

​Cheers!

I’ve been an expat living in Panama 11 years, and I haven’t seen anything like the protests that are going on now. During Covid there were many peaceful demonstrations, and in the summer of 2022, there were demonstrations about the soaring price of food and fuel. But these protests have taken over the country.
 
HISTORY
The demonstrations are to protest a mining contract that was signed on October 20th with Canadian company First Quantum Minerals (FQM). This copper mining contract started in 1991, and there were times when mining surpassed the Panama Canal in revenues and was the most important industry for the country’s GDP. According to everything I have read, the new contract has actually increased environmental safeguards and is contributing more significantly to the social security benefits of the lowest Panamanian earners.

The problem is that there is a large amount of money involved--a whopping $375 million per year. Some factions are protesting the environmental impact of mining, while other factions are protesting the alleged corruption involved with the deal, as any time there are large sums of money involved, there are people whose hands get caught in the cookie jar.
 
The protests have been simmering over the past month, with planned protests that we were able to easily work around. However, after President Laurentino Cortizo signed the renewed contract on October 20th, the demonstrations intensified. Although most of the demonstrations have been peaceful, there have been a few instances of property damage and looting. Surprisingly though, considering the tens of thousands of people involved in the demonstrations, they continue to be peaceful, and there has been no loss of life.
 
I’ve found a few international news sources who have covered the demonstrations in Panama, but none of them capture the scope of what’s going on. Our local newspaper, La Prensa, has been covering it non-stop. (Unfortunately, most stories on this site aren't translated into English. If you use Chrome as your browser, you can right click anywhere on the screen, and it will do a machine translation of the story so you can get the gist if you want more depth.)
 
SCOPE
Most of the organized unions have joined this protest. Everyone from the construction union, teacher’s union, and even the medical union are onboard, although the medical union only joined the protests for a specific 72-hour period. Classes at all levels of school have been cancelled. 
 
The main streets, highways, bridges, and arteries are blocked all over the country. Not only are we unable to get over the Bridge of the Americas, but they have also blocked access into Panama Pacifico, so we are unable to get to the grocery store. This morning, the Riba Smith grocery store in Panama Pacifico boarded their windows and closed. This is a bit reminiscent of Covid. However, at that time we were not allowed to go out. Now, we can go out, but there is nowhere to go…. and nothing to do. Even MiBus, the public bus service, has been suspended.

Every night, tens of thousands of people march through Panama City. Similar marches and protests are occurring in the interior (albeit to a smaller scale), blocking major arteries. 

IMPACT
We had hoped that this year would be the year we would recover from the Covid. We have seen steady recovery, but we are not yet back to pre-Covid levels. In the rental and real estate markets, we have also been hoping that this high season would be a catalyst toward pre-Covid levels. Unfortunately, these riots are causing tourists to stay home, right when Panama was taken off of the financial gray list. (More on this tomorrow.). The president has been begging his citizens to get back to work so we can continue on the road to recovery.
 
Economists have said that these demonstrations have cost the country millions of dollars in losses, and they are leading to fuel and food shortages. Fresh fruit and vegetables, which comes from the Chiriqui region, can’t leave the area, let alone get to the city. Some estimate that the Chiriqui farmers alone are losing $1 million per day.

On a human level, my heart breaks for the laborers who live hand to mouth. The produce that they pick has a short shelf life and will end up rotting in the trucks, and the daily workers who desperately need money can’t get to their jobs.

Among my expat friends, there are some who are so proud of the Panamanians for peacefully demonstrating, demanding positive change. Although Panama had one of the healthiest economies in Latin America pre-Covid, the inflation has hit this small country harder than large countries, such as the US. Because of this, a large percentage of the population can't make ends meet. According to many middle-class Panamanians, they are demanding transparency to make sure that the huge sum of money from the mines actually gets to the people.

Through this, I have never been afraid. That is the beauty of living in a non-violent country. It's inconvenient to have roads blocked (and the business owner in me is frustrated that this is affecting business), but I feel like I'm living in Panama at an important time in Panamanian history. 

​Cheers!

Nestled along the shores of the Caribbean Sea, the small town of Portobelo in Panama has a rich and storied maritime history. As an American expat, I've had the privilege of exploring this coastal town, and the Museo de la Real Aduana de Portobelo, known in English as the Royal Custom's House.

This historical treasure trove offers a journey through the town's past, its role in international trade, and the multidimensional cultures that have left their mark on this coastal paradise. In this blog, I'll take you on a virtual tour of the museum, sharing its history, the stories it tells, and practical information like admission costs and opening hours.

Discovering the Museo de la Real Aduana: A Glimpse into the Past
​The Museo de la Real Aduana de Portobelo, or the Royal Customs House Museum of Portobelo, is a charming historical site that offers a window into the town's bustling maritime past. Located in a building dating back to the 17th century, the museum showcases the town's pivotal role in international trade and its connections to Spain and other parts of the world.

Admission Price and Hours
Before planning your visit to this intriguing museum, it's essential to know the practical details. The admission price is typically quite reasonable, with discounts often available for students, children, and senior citizens. For the most up-to-date information on ticket prices and any special discounts, I recommend checking the museum's official website.

As for opening hours, the museum usually welcomes visitors from Tuesday to Sunday. However, it's wise to verify the most current hours of operation on their official website or by contacting them directly. A visit to the Museo de la Real Aduana de Portobelo offers an opportunity to explore the town's maritime history, trade connections, and cultural heritage.

History Unveiled: The Significance of Portobelo
To truly appreciate the museum, one must first understand the historical context of Portobelo. In its heyday, Portobelo was one of the most important ports in the Spanish Main, serving as a vital link in the transatlantic trade network. It was from this bustling harbor that treasures such as gold, silver, and exotic goods were shipped to Spain. The town's strategic location, sheltered by a natural bay and surrounded by thick jungle, made it an attractive spot for trade, but it also posed challenges.

Portobelo's Role in Spanish Trade
Portobelo was where the famous Camino Real, or Royal Road, led to Panama City, another vital Spanish outpost on the Pacific Ocean. This road was essential for transporting goods and riches between the two coasts, connecting the Atlantic and the Pacific. The Museo de la Real Aduana provides a vivid portrayal of this significant trade route and the role that Portobelo played in facilitating it.

The Role of the Royal Customs House
The heart of the museum, the Royal Customs House, was where all goods entering and leaving Portobelo were registered and taxed by Spanish authorities. It was a hub of bustling activity, with merchants, traders, and officials coming together to conduct business. The museum painstakingly recreates the atmosphere of this historical building, allowing visitors to step back in time.

Exploring the Exhibits
One of the most engaging aspects of the Museo de la Real Aduana is its well-curated exhibits. Each room tells a unique story, with artifacts, documents, and multimedia displays that breathe life into the past.

Treasures of the Caribbean: This exhibit showcases the incredible riches that passed through Portobelo, from precious metals to exquisite jewelry. The displays include real treasures and replicas that illustrate the scope of the town's trade.

Portobelo's Multicultural Legacy: Portobelo was a melting pot of cultures. The museum highlights the diversity of the town, with displays on the indigenous people, African slaves, and European colonizers who coexisted in this vibrant coastal community.

The Age of Pirates: Pirates and privateers, including the infamous Sir Francis Drake, were a constant threat to Portobelo. The museum delves into the dramatic clashes between these buccaneers and the Spanish authorities, giving you a taste of the swashbuckling days of old.

Interactive Learning and Immersive Experiences
The Museo de la Real Aduana takes a modern approach to engaging visitors. In addition to traditional exhibits, it offers interactive displays, audiovisual presentations, and hands-on activities that provide an immersive understanding of Portobelo's maritime history.

Enjoying the Surroundings
After exploring the museum, take some time to stroll through the charming streets of Portobelo. The town is dotted with historical sites, such as the famous Black Christ Church and the ancient forts that guarded the bay. It's a tranquil and picturesque place that invites you to connect with its past.

A Glimpse into Portobelo's Trading Past
The Museo de la Real Aduana de Portobelo is more than just a museum; it's a portal to Panama's maritime history and the town's significant role in the international trade of centuries past. Before planning your visit, check the official website of the Museo de la Real Aduana de Portobelo for the most current information on admission prices and opening hours.

This museum is not just a trip back in time; it's an opportunity to connect with the heart and soul of a coastal town that continues to tell its stories.

Cheers!

Living as an American expat in Panama is an adventure that keeps getting better. The vibrant culture, stunning landscapes, and the warmth of the people have made this country my second home. However, one of the most exciting aspects of our expat life is being a close neighbor to Panama Pacifico, a remarkable development with a future that holds promise and potential.

In this blog, I'll share our journey and explore the future of Panama Pacifico. We'll delve into the development's timeline, upcoming amenities, and other exciting plans on the horizon.

A Taste of Panama
Before we dive into the future, let me set the stage. My decision to become an expat in Panama was rooted in the desire for a simpler, sun-soaked life filled with new experiences. Panama offers all this and more, with its rich history, diverse landscapes, and a unique blend of cultures. As an American expat, adapting to the Panamanian way of life has been a rewarding and enriching experience.

Panama Pacifico: A Glimpse into the Past
Panama Pacifico's transformation from the former Howard Air Force Base to a thriving community is a testament to the power of renewal and rebirth. The area's history as a strategic U.S. military installation has been replaced by a vision of a modern, self-sustaining urban environment. This transition, however, is not yet complete.

The Future Unfolds: A Look at the Timeline
The Panama Pacifico project has been unfolding over the past years, and the journey is far from over. The Panama Pacifico project officially broke ground in 2008. The development is divided into phases, with each phase contributing to the growth and evolution of this thriving community.

While I'm not directly residing in Panama Pacifico, I'm just minutes away, which is close enough to witness the exciting developments and anticipate what the future holds.

When I arrived in Panama 2012, Panama Pacifico was in its infancy. It had yet to open a grocery store, a hardware store, a pharmacy, a salon, a veterinarian clinic or many of the other essentials that I now rely on. Over the past decade, it has expanded not only its retail offering, but also it's restaurant scene. There are now multiple choices for breakfast, lunch and dinner, ranging from sushi to Italian to quick lunchtime fare.

Completion Timeline
Panama Pacifico is a long-term project, and its development is expected to continue over several years. At its inception, the project was anticipated to span several decades to reach its full potential. This extended timeline allows for a well-planned and gradual growth, ensuring that the infrastructure, services, and amenities are thoughtfully implemented.

Upcoming Amenities: What to Expect
One of the most intriguing aspects of Panama Pacifico's future is the promise of new amenities that will enhance the quality of life for residents and businesses. These amenities are part of the project's master plan and are sure to make the area even more attractive for expats and locals alike.

Commercial Expansion
As Panama Pacifico grows, so does its commercial district. The future will likely bring new retail spaces, restaurants, and entertainment options. This expansion will provide a wider range of choices for shopping, dining, and leisure activities.

Green Spaces and Recreation
Panama Pacifico's commitment to sustainability continues in its future plans. More green spaces, parks, and recreational areas are on the horizon, allowing residents to enjoy the natural beauty of the area. The inclusion of these spaces fosters a sense of community and well-being. One that I'm actively waiting for is a golf course that will be directly across the street from Casa Bonita. 

Residential Expansion
The residential options in Panama Pacifico are expected to expand as the development progresses. This means more choices for individuals and families looking to make Panama Pacifico their home.

Business Opportunities
Panama Pacifico has already attracted a diverse range of businesses, but the future promises even more opportunities. The growth of the business district will likely result in additional companies establishing a presence in the area, further solidifying Panama Pacifico's status as a thriving business hub.

Connectivity and Transportation
The development of infrastructure, including road networks and public transportation, will be integral to Panama Pacifico's future. These improvements will enhance connectivity within the area and make it easier for residents to access other parts of Panama.

Preserving the Environment
Environmental sustainability remains a cornerstone of Panama Pacifico's development. The project plans to continue preserving the region's natural beauty, including its wildlife corridor. As an expat, I appreciate the commitment to conservation and the protection of Panama's unique ecosystems.

Community Engagement
Panama Pacifico actively engages with its community members to gather input and feedback for future plans. This collaborative approach ensures that the development aligns with the needs and desires of its residents and businesses.

Embracing the Future as an Expat
Living near Panama Pacifico, I've had a front-row seat to the evolution of this dynamic community. The future is promising, with plans for expanded amenities, services, and a commitment to sustainability.

The development's gradual timeline allows for a well-thought-out growth that enhances the quality of life for residents like us. As an American expat, it's exciting to be part of this evolving narrative and to see how Panama Pacifico continues to shape the future of Panama.

In the years to come, we eagerly anticipate new opportunities, more green spaces, improved infrastructure, and a community that thrives. The future of Panama Pacifico is a testament to the power of transformation and renewal, making it an even more appealing destination for expats and adventurers seeking the best of Panama's beauty and culture.

Until next time,
​Cheers!

Yesterday I took you through the history of Panama Pacifico. Today, is going to be about the advantages for businesses.

​Panama Pacifico, located in Panama, offers various tax advantages and incentives to attract businesses and investment. These incentives are part of its Special Economic Area status, and the eligible sectors that can benefit from tax advantages in Panama Pacifico typically include the following:

1. Multinational Corporations: Multinational corporations can establish their regional or Latin American headquarters in Panama Pacifico. This allows them to benefit from favorable tax conditions, including exemptions from certain national taxes and duties.
   
   
2. Logistics and Distribution: Panama Pacifico's strategic location near the Panama Canal and the Pacific Ocean makes it an ideal hub for logistics and distribution companies. Businesses involved in warehousing, distribution, and supply chain management can take advantage of tax incentives.
   
   
3. Manufacturing and Assembly: Companies engaged in manufacturing, assembly, or processing activities can benefit from tax incentives. Panama Pacifico's modern infrastructure and connectivity make it an attractive location for such businesses.
   
   
4. Information Technology and Services: Panama Pacifico welcomes IT companies, software developers, and other technology-related enterprises. These businesses can access various tax incentives, such as exemptions from income tax on technology services.
   
   
5. Research and Development (R&D): Businesses involved in research and development activities can benefit from tax advantages and incentives. Panama Pacifico encourages innovation and technology advancements by providing favorable conditions for R&D enterprises.
   
   
6. Call Centers and Customer Support: Companies operating call centers, customer support, and contact center services can take advantage of tax incentives, including exemptions from income tax and other financial benefits.
   
   
7. Aviation and Aerospace: Panama Pacifico has facilities that cater to aviation and aerospace businesses. These enterprises can benefit from tax advantages, particularly if they are involved in aircraft maintenance, repair, and other aviation-related activities.
   
   
8. Banking and Financial Services: Panama Pacifico is home to several international and regional banks and financial institutions. These entities can access specific tax advantages, including exemptions from certain taxes and regulatory benefits.
   
   
9. Maritime Services: Businesses involved in maritime services, shipping, or related activities can enjoy tax incentives, considering Panama's prominence as a global shipping and maritime hub.
   
   
10. Free Trade Zone Activities: Panama Pacifico operates as a free trade zone, offering several incentives and tax advantages for businesses engaged in international trade, import, export, and related activities.
    
    

It's essential to note that the specific tax incentives and conditions may vary based on the type of business, its size, and other factors. Panama Pacifico's government entity, the Panama-Pacifico Special Economic Area Agency (AAEEPP), administers these incentives and can provide detailed information on eligibility and the specific benefits available to businesses operating within the area.

​Additionally, tax regulations and incentives may change over time, so it's advisable to consult with legal and financial experts familiar with the latest rules and regulations in Panama Pacifico.

Panama Pacifico is a suburb of Panama City, Panama. It's a thriving community that rose from the ashes of a former U.S. Air Force base. In this blog, I'll take you through the fascinating history, size, scope, and ownership of the Panama Pacifico project.

Discovering Panama Pacifico
In 2012, when I was exploring Panama as a potential place to live, I toured Panama Pacifico. At the time, I thought of it mostly as a business tax free zone. Since then, it has become an integral part of my life. As an American expat who lives in Casa Bonita, Panama Pacifico is just five minutes away by car, and it's where I do my day-to-day errands--shopping, salons, dog grooming, hardware store, pharmacy and weeknight restaurants. 

From Air Force Base to Thriving Community
One of the most captivating aspects of Panama Pacifico is its transformation from a U.S. Air Force base into a vibrant, self-sustained community. Howard Air Force Base, as it was known, played a pivotal role during the 20th century as a strategic military installation.

Howard Air Force Base, named after Lieutenant Melvin Maas Howard, was established in 1941 during World War II. Over the years, it served as a crucial hub for American military operations in the region, especially during the Cold War era. The base was home to fighter squadrons, cargo planes, and provided logistical support for various missions in Latin America.

As the geopolitical landscape changed and the U.S. military presence evolved, Howard Air Force Base became increasingly obsolete. In 1999, the United States handed the base back to Panama as part of the Torrijos-Carter Treaties, when control of the Panama Canal was also returned to Panama. The air force base was subsequently closed, and its future began to take shape.

The Birth of Panama Pacifico
The transformation of Howard Air Force Base into Panama Pacifico was a visionary project led by the Panama-Pacifico Special Economic Area Agency (AAEEPP), a government entity established to oversee the development and operation of the new community.

Panama Pacifico aimed to create a thriving, mixed-use urban environment, with a focus on sustainability, commerce, and quality of life. The project has breathed new life into the former air base, and the results are nothing short of astonishing.

Size and Scope of Panama Pacifico
Panama Pacifico is expansive, covering approximately 4,450 acres of land (about seven square miles). Its sheer size allows for a diverse range of residential, commercial, and industrial developments, making it a one-of-a-kind destination in Panama.

The community offers a variety of residential options, from single-family homes to condominiums, catering to diverse budgets and lifestyles. The housing developments are designed with a focus on green spaces, and many properties offer impressive amenities like pools, playgrounds, and recreational areas. 

A Thriving Business Hub
Panama Pacifico's development isn't limited to residential areas. It also features a dynamic business district that has rapidly gained attention in the region. The area is a tax-free zone that offers tax advantages to specific sectors as part of its Special Economic Area status. (More on this in tomorrow's blog.)

The development--and the tax advantages--has attracted a diverse array of companies, from multinational corporations to startups. The presence of major players like Dell, Caterpillar, and 3M attests to the success of Panama Pacifico as a business hub.

The business district is meticulously planned, offering state-of-the-art office spaces, warehousing, and logistics facilities.

Unraveling the Green Oasis
What truly sets Panama Pacifico apart is its commitment to sustainability. The developers prioritized green spaces and environmental preservation, creating a harmonious blend of urban living and nature. The project includes a network of parks and recreational areas, a wildlife corridor, and a beautiful linear park that runs through the community.

Community Amenities
Panama Pacifico boasts a wide range of amenities that enhance the quality of life for its residents. These include community centers, schools, healthcare facilities, and recreational opportunities.

Ownership and Governance
The governance structure of Panama Pacifico is unique. The project is managed by the Panama-Pacifico Special Economic Area Agency (AAEEPP), a government entity that ensures the development adheres to its original vision. The AAEEPP works in partnership with private sector developers to oversee the growth and maintenance of Panama Pacifico.

The project's mixed-use nature, combining residential, commercial, and industrial components, has attracted a diverse group of investors, both domestic and international. This blend of public and private interests has been instrumental in the success of Panama Pacifico.

Healthcare and Education
Panama Pacifico provides access to high-quality healthcare and education facilities. There is a great medical center within Panama Pacifico. There are also multiple international schools to choose from. 

Leisure and Adventure
Panama Pacifico offers a lot of leisure activities. There are restaurants, cafes, salons, vets, for family activities. For sports-minded people, there are ballet and marshal arts studios for kids, yoga and Pilates studios for adults, hiking trails, mixed-use sports stadiums, gyms and more.

Looking Forward
Panama Pacifico is more than just a place; it's a way of life. From its fascinating history as a U.S. Air Force base to its transformation into a modern, thriving community, Panama Pacifico represents the best of both worlds. Plus, since it has easy access from Casa Bonita, you can live in paradise with every convenience at your fingertips.

​Cheers!

Living as an American expat in Panama is a journey I never could have imagined, but it's a path I'm grateful to have taken. The decision to make this tropical paradise my home was not taken lightly, and it was made possible, in part, by the historical agreement known as the Torrijos-Carter Treaties.

In this blog, I'll share my adventures as an expat in Panama and explore the fascinating story behind the treaties that changed the course of Panamanian history.

The Call of Panama: My Expat Journey Begins
My story as an American expat in Panama began with a sense of adventure, a thirst for new experiences, and the allure of a country that bridges two continents. Panama, with its diverse landscapes, rich culture, and the promise of a simpler life, beckoned me to explore its hidden treasures. It's a place where the old and the new coexist in perfect harmony, where tradition meets modernity, and where the warm smiles of the locals make you feel like you've found a second home.

The Birth of Panama: A Tale of Two Oceans
Before diving into the Torrijos-Carter Treaties, it's essential to understand Panama's unique history. This small but mighty country is the geographical and cultural bridge between North and South America. But what truly makes Panama stand out is its role as the link between two vast bodies of water: the Caribbean Sea and the Pacific Ocean. This strategic position has made Panama a coveted territory throughout history.

The French Connection: The Panama Canal's False Start
In the late 19th century, the French initiated a grand endeavor to build the Panama Canal. Spearheaded by the visionary Ferdinand de Lesseps, the project encountered numerous challenges, including tropical diseases, engineering difficulties, and financial setbacks. The French attempt ultimately ended in failure.

A Vision Realized: The U.S. Steps In
The failure of the French canal project didn't deter others from recognizing the significance of a canal through Panama. The United States saw the potential and entered the picture. Their efforts, under the leadership of George W. Goethals and John F. Stevens, were met with remarkable success. The Panama Canal, often referred to as one of the greatest engineering achievements of the 20th century, was officially opened in 1914.

A Dual Role: U.S. Control and Sovereignty
The construction of the Panama Canal came with a significant concession. Under the Hay-Bunau-Varilla Treaty of 1903, the United States secured control of a 10-mile-wide Canal Zone. This zone was essentially U.S. territory, with American sovereignty over the canal, its operation, and the surrounding area.

The Push for Change: The Torrijos-Carter Treaties
As the years went by, the control of the Panama Canal by a foreign power became a point of contention. Panamanians, led by General Omar Torrijos, advocated for the return of the canal and the Canal Zone to Panama. The United States, under the leadership of President Jimmy Carter, recognized the need for change and negotiated a series of treaties with Panama.

Torrijos-Carter Treaties: The Key Provisions
The Torrijos-Carter Treaties, signed on September 7, 1977, brought about significant changes to the status of the Panama Canal and the relationship between the United States and Panama. The key provisions of these treaties included:

1. The Return of the Canal Zone: The United States agreed to relinquish control of the Canal Zone, paving the way for Panama's full sovereignty over the canal.

2. Neutrality and Permanent Operation: The United States retained the right to intervene militarily to ensure the canal's neutrality and permanent operation.

3. A New Treaty on Canal Operations: The treaties established a new treaty, the Panama Canal Treaty, to outline the operation and defense of the canal.

4. Transition Period: A transition period was set in motion, allowing the gradual transfer of control from the United States to Panama.

The Transition: From American to Panamanian Control
The process of transitioning control of the canal was marked by ceremonies, celebrations, and a deep sense of national pride. On December 31, 1999, the Panama Canal was officially handed over to Panama, marking a significant moment in the country's history.

A Testament to Diplomacy: The Torrijos-Carter Treaties' Legacy
The Torrijos-Carter Treaties are a testament to the power of diplomacy, negotiation, and cooperation. They served as a model for resolving international disputes peacefully and setting a precedent for the transfer of territorial control. The treaties are celebrated in Panama as a symbol of the country's sovereignty and determination.

Life as an Expat in a Post-Treaty Panama
As an American expat living in Panama after the Torrijos-Carter Treaties, I've witnessed the country's transformation. The return of the canal and the Canal Zone has allowed Panama to reclaim a significant part of its territory and exercise full sovereignty over the waterway. This change has had a profound impact on Panama's national identity and the opportunities available to the people.

Economic Growth and Opportunity
The Panama Canal's continued operation and expansion, alongside the return of the Canal Zone, have stimulated economic growth. Panama's strategic location and the income generated from the canal have boosted the country's economy. As an expat, I've observed a thriving job market, increased investment, and a growing sense of prosperity in Panama.

International Recognition
The successful negotiation and implementation of the Torrijos-Carter Treaties have earned Panama international recognition as a nation that values diplomacy and peaceful resolutions. The treaties serve as a case study for resolving disputes and conflicts without resorting to force.

Tourism and Cultural Exchange
Panama's enhanced national identity and its growing popularity as a tourist destination have allowed expats like me to enjoy a rich cultural exchange. Panama's vibrant culture, history, and traditions have become more accessible to international visitors, making the expat experience all the more enriching.

A Remarkable Journey in Panama
As an American expat living in Panama, I've had the privilege of witnessing the profound impact of the Torrijos-Carter Treaties on this nation's history and future. These treaties are a testament to the power of diplomacy and the importance of peaceful resolutions in our ever-changing world.

Panama's transition to full sovereignty over the Panama Canal and the former Canal Zone has created new opportunities, stimulated economic growth, and allowed the country to shine on the world stage. It's a story of triumph, collaboration, and the determination of a nation to chart its own course.

My journey as an expat in Panama has been a remarkable one, and I'm grateful to be part of a community that embraces the future with open arms, celebrating its heritage while looking ahead to new adventures. Panama, with its rich history and bright future, is a place where the past and present harmonize beautifully, making it a true gem of Central America.

Cheers!

Today we are exploring the beach area of Coronado, Panama, a place where history, pristine beaches, and expat dreams converge. So, slip into your beachwear, grab your sunscreen, and let's embark on a virtual journey to this Pacific paradise.

Coronado - A Coastal Gem
Nestled along the Pacific shores of Panama, Coronado stands as an inviting oasis that has captured the hearts of many, including expats like myself. Our voyage through Coronado will reveal the rich history, magnificent beaches, and the allure that beckons people from around the world to invest in properties here.

Coronado's History: From Fishing Village to Expat Haven
The Indigenous Connection: Early Inhabitants
Before the arrival of settlers, the region around Coronado was home to indigenous communities, including the Kuna people. Their influence and culture can still be seen today.

The Fishing Village Era
Coronado was once a humble fishing village, thriving on the bounties of the Pacific Ocean. The laid-back, seaside charm that attracted early residents still permeates the area.

The Expat Wave: A New Beginning
Coronado's transformation into an expat haven began in the early 2000s when expatriates from the United States, Canada, Europe, and beyond discovered the area's potential. Its proximity to Panama City, just a short drive away, made it a desirable destination.

Coronado's Beaches: Where the Pacific Meets Paradise
Playa Coronado: The Main Attraction
The crown jewel of Coronado is its stunning main beach, Playa Coronado. Miles of golden sands stretch as far as the eye can see, lapped by the warm, gentle waves of the Pacific. What makes this area unique is the combination of golden and black sand, swirling together on the beach. The black sand is a result of former volcanic activity from the now-extinct volcano, El Valle. 

Whether you're a beachcomber, a surfer, or simply a sunbather, this beach has something for everyone.

Surf's Up: Catching Waves at Playa Serena
For those who crave a more challenging surf, nearby Playa Serena is a hidden gem. This beach offers ideal conditions for surfing and bodyboarding, and it's a well-kept secret among locals and adventurous expats.

Expat Appeal: Why Invest in Coronado?
Accessible Paradise: Proximity to Panama City
One of the main reasons expats are drawn to Coronado is its convenience. It's just a two-hour drive from Panama City, making it easily accessible for those who want to enjoy the beach without being too far from the city.

Stable Economy: Panama's Prosperity
Panama's growing economy, stable government, and use of the U.S. dollar as its currency make it a reliable destination for property investment. This stability has been a major factor in attracting expats.

Affordable Living: The Appeal of Panama's Cost of Living
Compared to North America and Europe, the cost of living in Panama, including housing, is relatively affordable. For retirees and those looking to invest, this affordability is a major draw.

Community and Amenities: A World of Convenience
Coronado boasts a well-established expat community. You'll find amenities such as grocery stores, restaurants, medical facilities, and more. Many expats are retirees looking for a peaceful place to enjoy their golden years.

Real Estate: A Glimpse of the Dream
Beachfront Bliss: Oceanfront Properties
Imagine waking up to the sound of the waves and having the beach as your front yard. Coronado offers a variety of beachfront properties, from condos to luxury homes.

Golf Course Residences: A Golfer's Paradise
Coronado is home to a stunning golf course with beautiful properties surrounding it. Golf enthusiasts and those seeking a serene atmosphere will find these communities appealing.

Mountain and Valley Homes: A Different Perspective
If you prefer a mountain or valley view, you'll find properties nestled in the lush landscapes of the surrounding areas. These homes offer a different kind of tropical beauty.

Activities and Entertainment: Fun in the Sun
Golfing Paradise: Tee Off in Coronado
Coronado is home to a world-class golf course that attracts enthusiasts from near and far. Enjoy a round of golf with stunning ocean views.

Water Sports Galore: Dive In
From surfing to paddleboarding, snorkeling to deep-sea fishing, Coronado offers an array of water sports for those who crave adventure on the high seas.

Art and Culture: Discover Panama
Embrace the local culture by visiting art galleries, trying traditional cuisine, and participating in festivals that showcase Panama's vibrant traditions.

Conclusion: Coronado - A Slice of Paradise
As our virtual tour of Coronado comes to a close, I hope you've discovered why this Pacific gem holds an irresistible allure for expats and beach lovers alike. Its rich history, stunning beaches, and investment potential make it a paradise that's both accessible and enchanting.

If you're yearning for a piece of Panama's coastal heaven, consider the Coronado area in Panama. It's a place where the sands of history meet the shores of opportunity, where you can bask in the sun, dip your toes in the Pacific, and live the dream of a life well-lived by the beach.

Until we meet again, may your real estate dreams and beachfront escapes become a reality.

​Cheers!

Let's take a remarkable journey through the healing realms of Panama's volcanic black sand beaches. Join me as we unravel the secrets of these mystical shores, the health benefits they offer, and how often you should tread upon them to experience their wonders.

Panama's Volcanic Black Sand Beaches - A Source of Healing
Panama's coastline boasts an extraordinary gem hidden in plain sight - its volcanic black sand beaches. As I've explored this tropical paradise, I've come to realize that these dark, enigmatic shores hold a unique power - a power that contributes to physical well-being and rejuvenation. Our journey will uncover the fascinating healing properties of black volcanic sand and answer the age-old question of just how often one must walk upon them to unlock their health benefits.

The Origins of Black Sand: A Geological Blessing
Volcanic Activity: Mother Nature's Alchemy
The origins of Panama's black sand beaches can be traced back to the country's volcanic history. Volcanic eruptions have gifted the land with minerals rich in iron, including magnetite and basalt. These iron-rich minerals are what give the sands their distinctive dark hue.

Weathering and Erosion: The Alchemical Process
Over the ages, as volcanic rocks weather and erode, these iron-rich minerals are released and carried to the beaches by the tides and natural forces. The sand itself is finer and softer than regular sand, making it a sensory delight.

The Healing Properties of Black Sand: Nature's Gift to Wellness
Heat Retention: A Soothing Touch
One of the key healing properties of black sand is its ability to absorb and retain heat. The sands become pleasantly warm to the touch under the tropical sun. When you walk on them, it's like a gentle massage for the soles of your feet.

Grounding Energy: Reconnecting with Earth
Many people believe that walking barefoot on black sand beaches, often referred to as "grounding" or "earthing," allows you to reconnect with the Earth's energy. This grounding is said to have various benefits, from improved sleep and reduced inflammation to a sense of balance and tranquility.

Mineral Absorption: Skin Nourishment
Some proponents of black sand therapy suggest that the minerals present in the sand, such as iron, can be absorbed through the skin during direct contact. Iron, known for its role in carrying oxygen throughout the body, is believed to offer rejuvenating properties.

How Often to Walk on Black Sand for Health Benefits
The Gentle Daily Routine: A Beachcomber's Guide
Walking on black sand for health benefits doesn't require rigorous workouts or intense regimens. Instead, it's a gentle daily routine that encourages relaxation and mindfulness. A stroll on the beach, ideally during sunrise or sunset to avoid the scorching midday sun, can be incredibly therapeutic.

Frequency Matters: Incorporating Wellness
The frequency of your walks on black sand can vary based on your personal wellness goals. Many people choose to walk on these beaches daily, while others prefer several times a week. The key is to incorporate it into your routine in a way that suits your lifestyle and needs.

The Mind-Body Connection: Benefits Beyond the Physical
While the physical benefits of walking on black sand are significant, it's essential to recognize that the practice can also have positive effects on your mental well-being. The act of taking time to be present, to breathe in the salty sea air, and to feel the sands under your feet is a form of meditation that nurtures both the body and soul.

 Panama's Black Sand - A Path to Wellness
As our journey through the healing powers of Panama's black volcanic sand beaches comes to a close, I hope you've discovered the wonders of these mystical shores. Their origins in volcanic activity, their grounding and nurturing properties, and the gentle practice of walking on them all contribute to a sense of well-being.
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The next time you find yourself on Panama's coastline, take a moment to stroll along its black sand beaches. Breathe in the salty sea air, feel the warmth of the sands underfoot, and savor the sensory delight of this gentle therapy. Whether you walk daily or simply incorporate it into your travels, let Panama's volcanic black sand be a source of healing, relaxation, and rejuvenation.

Until we meet again, may your path to wellness be as serene and therapeutic as the sands themselves.

​Cheers!