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Panama, Panama, Panama
Greetings from Panama! My name is Marina Ehrman and I have been a professional tour guide and promoter for Panama Tourism and Travel Company since 2005. I love what I do and am proud to share what my country has to offer. It is filled with endless leisure and commercial attractions, friendly happy people who open their doors to all visitors. Panama is a country of incomparable natural beauty with a variety of tourist attractions, beautiful beaches in the Pacific and Caribbean. The tropical climate year round with its diversified flora, fauna and indigenous groups make it one of the most important of Ecotourism in Latin America. I invite you to know our country’s history, culture and also enjoy the cuisine, folklore and traditions that only a place in the world can provide………Panama! Contact me and I’ll organize your visit and will be happy to welcome you in Panama. For more information on Panama, follow my Facebook page and my blog. Visit www.panamatourismtravel.com

Which was the first vessel to transit the Panama Canal?

 

SS Ancon was an American steamship that became the first ship to officially transit the Panama Canal in 1914. The steamer began life as the SS Shawmut, built for the Boston Steamship Line in 1902. About 1910 she was purchased by the Panama Railroad Company to provide shipping required for the construction of the Panama Canal. The name was changed to Ancon after Ancon Hill and Ancon township in Panama, home to the head of the Canal Commission.

Ancon and her sister ship Cristobal played a crucial role in building the canal, bringing workers and supplies, notably massive amounts of cement, from New York to Panama for the construction project.

On August 15, 1914 Ancon made the first official transit of the canal as part the canal's opening ceremonies. (Her sister ship Cristobal had made the first unofficial transit on August 3, delivering a load of cement, while an old French crane boat Alexandre La Valley had crossed the canal from the Atlantic in stages during construction, finally reaching the Pacific on January 7.)

Ancon was acquired by the United States Navy from the US Army just after the end of World War I and fitted out as USS Ancon (ID-1467), a troop transport to return Americans home.

The Panama Railroad Company replaced SS Ancon in 1938 with a second SS Ancon, a larger steam turbine cargo liner which later saw considerable action as US Navy Transport USS Ancon in World War II.






Officially ,the SS Ancon was the first vessel to transit the Panama Canal on August 15, 1914. However, the first transit completed through the Canal was done as part of a work routine on January 7, 1914, when the crane Alexander La Valley crossed the Pacific locks without any type of ceremony


On August 15, 1914 marked the start of a revolution in global trade and transportation. It was on that day that a cargo ship called the S.S. Ancon made the first passage through the Panama Canal

The Panama Canal Locomotive

Contact: pttstaff@hotmail.com
Website: http://www.panamatourismtravel.com







Tour Avaliable
Panama Canal Partial Transit
Panama Canal Full Transit
Panama Canal Tour

The 290 HP locomotives are used to keep ships in the proper relation to the locks structures. They are essential for a safe and expeditious transit, and run on tow tracks along the lock walls from one end to the other.

A new generation of locomotives has now been incorporated into the Panama Canal, and they are expected to enhance Canal services for the benefit of world trade. Each locomotive weighs 50 tons, operates with two 290 HP traction units and has a towing capacity of 311.8 kilonewtons at 4.8 kilometers per hour, and of 178.2 kilonewtons at 8 kilometers per hour. They can move the same load at 3.2 and 4.8 kilometers per hour, respectively. Their maximum return speed is 16 kilometers per hour. They are lighter, stronger, and faster than the previously used models. Reduction in lockage time is among the benefits of their new design.

The original locomotives used in the Canal, or "mules" as they were also called, were built by General Electric. They weighed 43 metric tons and could pull 111.07 kilonewtons at a towing speed of up to 3.2 kilometers per hour. Their return speed was 8 kilometers maximum. As of 1964, they have been replaced with Mitsubishi locomotives that weigh 55 tons and tow up to 311 kilonewtons at their maximum towing speed of 4.8 kilometers per hour. They use two windlasses, and have a return speed of 14.4 kilometers.

In 1997, the Mitsubishi Corporation was awarded the contract for the manufacture of new locomotives. The first eight prototypes were delivered in August 1999, at a cost of $2.3 million each. After a 6-month test period, they began operating at Miraflores Locks.

The second group arrived in August 2001, at a cost of $1.9 million per unit. Sixteen of the 26 locomotives ordered are already in operation at Miraflores Locks. The remaining 10 arrived in March 2002 and joined the Miraflores fleet. The fleet has now increased to 100 units, and the full replacement of the fleet with this new type of locomotives is now under way.

The size of the locomotive fleet has grown over the years in order to cope with the increase in number and size of the vessels transiting the Canal. Most of the ships transiting the locks used to only require the assistance of four locomotives. Today, because of their size, some ships require up to eight of the new, stronger locomotives.

The ACP has also replaced more than 16 kilometers of existing tow track with a new design built to withstand current and future Canal traffic demands. This new track lowers maintenance costs, improves service and enables the locomotives to assist transiting vessels maintain position within the locks chambers. The project was completed in September 2007.

Birdwatching in Canopy Tower at Soberania National Park Tour


Contact: pttstaff@hotmail.com
Website: http://www.panamatourismtravel.com


Tour Options :
The Awakening of the Rainforest (6:30 am—Noon)

Dawn is the most active period of the day for most wildlife of the forest. You definitely want to be up early on the Observation Deck, 50 feet above the forest floor, to experience the peaceful sunrise over the Pacific, to hear the thundering bellows of the Mantled Howlers proclaiming their territory and to be amazed at the incredible diversity of birds as they begin their never-ending search for food! After a hearty deluxe breakfast, join one of our guides for a 3-4-hour guided walk along Semaphore Hill Road, where you will experience even more of the magnificent wildlife of the tropical rainforest!

Lunch on Top of the Hill (Noon—5:00 pm)

Mid-day is the best time to see birds of prey (raptors) as they ride thermals, soaring effortlessly high in the sky. In the Northern Hemisphere's fall and spring seasons, the Observation Deck offers an extraordinary vantage point to witness hundreds of thousands of hawks and vultures flying en masse on their annual migration. From the Observation Deck you may see Blue Cotingas, Keel-billed Toucans, Green Shrike-Vireos, Mantled Howlers, Geoffroy's Tamarins, Hoffmann's Two-toed Sloths or Brown-throated Three-toed Sloths and Green Iguanas basking on a Cecropia branch! Noon is also the best time to watch ships navigate the Culebra Cut. After a delicious lunch, join one of our guides for a 3-4-hour guided walk down Semaphore Hill Road. This popular nature walk provides a ground-level view of the rainforest. We often spot manakins, antbirds, tinamous, sloths, coatis, agoutis and an amazing abundance of butterflies and other insects. Along the road you will see 46 species of trees identified by scientists from the Smithsonian Tropical Research Institute, many having medicinal value and most producing food for birds and mammals. Time permitting, we may walk for a short distance along Plantation Road. At the end of the walk, the Rainfomobile or the Birdmobile will ferry you back to the Canopy Tower.

Note:

* Tours are led by experienced, bilingual, birding/nature guides who carry Leica binoculars and a   Leica 77 mm scope.

* Transportation ( round—trip), Include one delicious meal, entrance fee to Soberanía National Park, and use of the Canopy Tower's Observation Deck where our guides will help you identify wildlife.



About the Tower:

The Canopy Tower is a prime location from which to observe the birds and other wildlife of the forest canopy. Because the birds and mammals are at eye level, it is common to get fantastic views otherwise nearly impossible from the ground.


The Observation Deck

The Observation Deck, 50 feet above the ground, gives guests a grand view of the canopy and beyond. Many of the best photographs are taken from the Observation deck. In the morning, ardent bird watchers and nature lovers assemble here for coffee and crackers while enjoying the abundant action in the treetops just below.
"When I was building the Canopy Tower there were moments of doubts about the eventual success of the enterprise, when those moments appeared I'd go up to the Observation Deck and feel the wind, hear the howlers, see the birds and my fears would vanish".  Raul Arias de Para
Short History of The Canopy Tower:

The structure destined to become the Canopy Tower was built in 1965 by the United States Air Force to house a powerful radar used in the defense of the Panama Canal. By 1969, the site was jointly used by the Federal Aviation Administration (FAA) to control air traffic in the area, and by the Panama Canal Commission (PCC) as a communications tower.
In September of 1988, the radar tower received an important new assignment when it was activated as Site One in the Caribbean Basin Radar Network (CBRN). This network of radars was used by the United States government to detect airplanes suspected of carrying drugs from South America. The tower played this role until June of 1995 when it was closed and left vacant waiting for better days.
In November of 1996, the radar tower and the Semaphore Hill site, consisting of approximately 35 acres of rainforest within Soberanía National Park, was transferred to Panama in compliance with the Torrijos-Carter Treaties.
In August of 1997, the government of Panama signed a long-term contract with Raul Arias de Para to transform the site into a center for neotropical-rainforest observation and ecotourism.
In January of 1999, the Canopy Tower was inaugurated and the rest, as they say, is history


The Tower Location:
Is located in impressive rainforest atop Semaphore Hill within Soberanía National Park, 35 miles north of Panamá City in the Republic of Panamá right in the center of the New World— and just 2½ hours from Miami!

Panamá's shape creates a natural funnel, concentrating migratory birds on a narrow isthmus— land that the birds desperately need for rest and to refuel before continuing their long journey. At peak times of the year, this migration is a spectacle rivaled by none in the World! An incredible 970+ species of birds have been recorded from this country that is not even the size of South Carolina!


FAQ's


What is the best time of the year to visit the Tower?

The best time for your visit depends on your interests, as there's always something interesting going on in the forest.

For example, if you visit us from early December to mid-January you will see the forest still lush and green as the rainy season has just ended. Some northern migrants are present as well as the resident species. The days are sunny and balmy. January, February and March is our "high season", there is a lot of sun and practically no rain (bring sun block), the birding is continuous from sunrise to sunset and, occasionally, into the evenings to look for owls and pottoos.

In mid-March to early May you'll find yourself in the middle of spring migration, a great time to see many different warblers and other neotropical migratory birds in fresh breeding plumage, as well as hundreds of thousands of raptors on their way north.

In May and June it is the start of the rainy season, and many resident birds will be starting to nest and vocalize more often. From June to August you will see the forest at its lushest, there is plenty of food out there and you will see immature birds being fed by their parents. There is usually a tropical shower in the early afternoon, "siesta" time anyway. After the shower the sun comes out, birding is restarted and life continues on. The nights are clear and cool. Migrants are gone, but you'll find plenty of resident species to keep you distracted. Our prices are heavily discounted at this time of the year because many of our customers prefer to come to the tropics during the winter months to escape the cold, so demand is slower. Click here to see birding reports at this time of the year.

In September we start getting the first fall migrants, and this number climbs and reaches its climax around the middle of October and extending until the first week of November. This is the fall migration, a fantastic natural phenomenon when hundreds of thousands of raptors fly over the Tower on the way to their southern wintering grounds. This is one of the most impressive natural spectacles of neotropical birding




What should I bring for my visit?

If you come during the period of May to early January, bring rain gear; an umbrella might also come in handy. Rubber boots are not necessary since we will not be crossing any streams, but an extra pair of sneakers or hiking shoes/boots is advised since some trails have plenty of mud. Insect repellent is also recommended for your walks in the forest. Hair dryers are provided.

A good pair of binoculars is a must, even if you are not a birdwatcher. There are plenty of other critters to look for. We recommend Leica equipment. Our guides use this brand and it is excelente. If you come during the rest of the year, a good hat to shade you from the near equatorial sun is a good idea as well as a pair of sandals to lounge around the Tower. In any case, bring earplugs (we also provide them at no additional cost). Sounds in the Tower travel easily and they might also come in handy: if your neighbor's snoring rivals the howls of the Howler Monkeys, you'll be glad you did! Finally, we have a Leica 77mm scope available on the top floor, but if you have one bring it anyway -- having an extra scope never hurt anybody.

Outdoor clothing, preferably made of cotton, of neutral colors to blend with the surroundings and facilitate wildlife observation. You may ask, what are neutral colors? Well, think of a Hawaiian shirt, the opposite of that is attire of neutral colors. For dinner, we like to dress up a bit, nothing fancy, very informal.

Will I be able to recharge my camera batteries? Do I need a special adapter?

There are plenty of electric outlets in your room. No adapters are needed; our electricity is the same as in the good-old-USA. This was, after all, a USAF military installation





I am not all that interested in birdwatching. What else is there to do?

The abundant bird life around The Canopy Tower may change your mind!

In any event, the rainforest surrounding the Tower offers endless interest. Many of the trees along Semaphore Hill Road have numbered tags that identify them to species level on a booklet prepared by botanists and biologists of the Smithsonian Tropical Research Institute. Mammals are also abundant around the tower: coatis, agoutis, and anteaters are commonly seen from the road, and howler and tamarin monkeys are sighted frequently from the tower. Due to "good seeing" resulting from few nearby lights at night, stargazing from the roof on a clear night can be delightful. At night, Panama City's lights are visible on the horizon, and lighted ships traverse the Canal. During the day you can see both the skyline of Panama City and the Pacific entrance to the Panama Canal.

The Canal is itself of prime interest to many. Two sets of locks on the Pacific side of the Canal, Miraflores and Pedro Miguel, are a short drive from the Tower, as well as the Panama Canal Visitor Center. Panama City itself, with its museums, fine restaurants and shops, is only 30 minutes away.

Visit www.panamatourismtravel.com and book a tour like kayaking in the Panama Canal, an aerial tram, orchids and butterfly exhibits and fishing expeditions in the Gatun Lake, Monkey Island.




What is your policy regarding children?

Canopy Tower is not really a place for children younger than 13 years of age. The activities which we offer, and in which the Canopy Tower excels -- wildlife observation -- require silence and calm. Few young children can sustain these qualities while waiting to see a bird or a mammal. As you can imagine, a restless child can become a disturbance to other guests, while spoiling parental enjoyment of our extraordinary place.




What is your policy regarding smoking?

Canopy Tower is a smoke-free lodge. However, there are smoking areas in the Observation Deck and in the front patio.



At what altitude is the Canopy Tower?

The Canopy Tower is on top of Semaphore Hill at an altitude of 285 meters (940 feet) above sea level
 


Why you should visit Panama ?


1. Panama has a great variety of world-class attractions all in close proximity.





Exotic tropical rainforests, beautiful mountain refuges, Caribbean-style beaches, seven living Indian cultures, a Miami-style capital city, historical sites, golf, diving, rafting, sportfishing- not to mention that 8th wonder of the world and engineering marvel- The Panama Canal. And it's all in a country just 50 miles wide, the size of South Carolina.

2. Panama is safe

Panama has the highest rating for tourist safety from the Pinkerton Intelligence Agency. In a Newsweek magazine article on tourism safely worldwide, Panama received same tourism safety rating as the USA. Foreign residents in Panama will tell you how safe they feel living in Panama compared to any other country in Central America.


3. Panama has a First World infrastrucure.

Panama has a first-world infrastructure starting with a safe cosmopolitan Miami- style capital city with high speed internet, first rate hotels, fine dining and beautiful shopping malls. The highway infrastructure, medical care, telecommunications and business services are excellent-comparable to the USA as noted in the ARRP's Modern Maturity magazine. Panama also has the second largest Free Trade Zone in the world and a banking sector with 100 banks.

4. Panama is close.

As part of Central America, Panama is just a short plane ride away. Eight major US cities offer direct daily flights to Panama City: Los Angeles, New York, Newark, Miami, Houston, Dallas, Atlanta and Orlando.

5. Panama is tourist friendly.


English is spoken as a second language. The Panamanian people are amongst the friendliest in the world. They are known for their peaceful, get-along and fun loving nature. As a result of the 90 year presence of Americans in the Canal Zone, Panamanians understand and appreciate Americans- thousands have worked with Americans as well as studied in the United States.

6.Panama has the US dollar as its currency.

Panama's currency is the US dollar. That's right! What a great convenience. In Panama, there's no need for currency exchange. No need to be a mathematical genius to figure out what that meal just cost or how much to tip the bellboy. Your bank accounts and investments are also all of course in US dollars.

7.Panama has world-class medical care and a healthy environment.


Many Panamanian doctors are speak English and are American-trained. Several hospitals have medical services on a par with US hospitals. Sanitary conditions are excellent- there is almost none of that tourism scrouge- "Montezuma's Revenge". You can even drink the tap water- a rarity in Latin America. An amazing abundance of fresh and inexpensive fruits and vegetables makes healthy living a pleasure.

8. Panama is the best place for nature travel,ecotourism and eco-adventure today.

Panama has the easiest-to-get-to exotic nature in the world. It's position as a narrow land bridge connecting two continents has endowed it with some of the worlds’ most pristine and bio-diverse rainforests in national parks covering 5 million acres. A key indicator of its bio-diversity: Panama has 944 recorded bird species, more than the U.S. and Canada combined. Furthermore, all that great nature is very accessible, with some of the best locations less than an hour from Panama City. There is a local saying that while in other countries you have 20 tourists looking at one bird, in Panama you have one tourist looking at 20 birds

9. Panama has a wide selection of beaches and island venues and activities.

With two coasts, one thousand islands and Caribbean-style beaches, there is much to choose from for beach vacations from the all-inclusive resorts to exotic island retreats.

10. Panama- the affordable exotic destination.


Normally this kind of pristine natural beauty comes at a fancy price. Panama has just begun to promote itself as a tourism destination and so prices are still some of the best in the market.

11. Panama is world-class for adventure.


International experts rave about river running in Panama which includes rafting, kayaking and motorized river boats. There are rivers in Panama where you can ride 20 sets of rapids in one afternoon. Canyoning, trekking, rapelling and surfing offer similar world-class experiences for the hard and soft adventure seeker.

12. Panama has world class fishing, diving, snorkeling and sailing.

One place in Panama, Pinas Bay, holds 170 world fishing records. There are five world class diving areas: Coiba National Marine Park, the Pearl Islands, Bocas del Toro archipelago, Portobello and for historical diving the Panama Canal.

13.Panama City is a smart choice for convention and incentive travel.

Panama City is a sophisticated and safe city with fascinating and fun things to do nearby. Day trips from Panama City include world-class sportfishing, rainforest adventures, golf, Indian village tours, scuba diving, fascinating historical sites and the Panama Canal

14. Panama Has no Hurricanes nor major destructive earthquakes.


Panama is blessed by nature-unlike the rest of her Central American neighbors, Panama has no hurricanes-amazingly it’s in a special climate area that is totally hurricane-proof. It also has no major earthquakes. Your Panama vacation will never be re-scheduled due to natural events. Your property investment will always be safe from hurricanes and earthquakes.

15.Panama is Survivor Country.


How exotic and interesting is Panama? 14 countries have filmed their Survivor programs in the islands of Bocas del Toro and the Pearl Islands. CBS's Survivor series for Fall 2003 and Winter 2004 took place in Panama’s Pearl Islands.

Panama Economy




Panama is a growing country and can be considered a first world country by many ways. Panama is predicted to be the fastest growing Latin American country. Due to its location and other such factors Panama’s primary location comes from banking private firms and real estate in Panama. Buying and selling of Panama property is relatively profitable and property development is a big business in Panama. Also Panama earns over a billion every year from tourism contributing in a big way towards the economy of Panama. After the canal and the military installation have been handed over to the United States of America there has been a lot of development in the recent times in the economy of Panama.

There has been a lot of development projects planned which would improve tourism as well as business in Panama. There has been many structural reforms undertaken that have resulted in a growing economy and this has resulted in the rapid development in the growth of value of Panama real estate. The various reforms have encouraged architecture, planning, investment and tourism which have greatly helped in increase the economy of the country.

The canal is again undergoing huge reforms and expansion which is further set to improve the economy of the country. The national revenue is put to good use by development of land and property that would develop further revenue. A lot of planning and care is undertaken so that the money of the investors of Panama real estate is safe guarded. This encourages more and more investors to invest into Panama real estate. Also there are many tax benefits in Panama. This largely reduces the cost of living in Panama.

Panama has the largest free trade zone in the whole of the western hemisphere. This has greatly contributed to the development of the value of Panama real estate. Also the trade and exportation of coffee greatly supports the economy. The high levels of globalization have led to a multi cultured environment in Panama. This only results in the increased number of investors in Panama real estate. People who are looking to invest money on real estate business firms’ etc. invest in Panama property knowing that there will be good returns. With the growing and developing state of economy there is very little rate of inflation.

The citizens of Panama have undergone very little rates of inflation and the cost of living basically remains less. The highland climates are also known to promote Panama real estate and property development. This increases the investments in the country as well as investor potential in the country. Also the tourism industry benefits a big way from the natural beauty that is available in the country. The tourism industry is a steady source of economy and will continue to be so for years to come. This industry is also responsible for the development of real estate in the country. People who come here on vacations most often buy Panama property and settle down here. This adds to the economy of the country by promoting buying and selling of real estate.

Living and Retirement in Panama


Panama is a one of the most beautiful places in the world. With the treaty with the United States there has been tremendous growth and development in Panama property. Tourism and Panama real estate are the biggest investments by the Panama government. There has been much effort put towards the real estate in Panama. The Panama real estate has been booming in the past few years. This means that if you are planning to buy Panama property then it is surely a good choice for you. This is because there has been massive growth and property development in Panama. More and more property developers are looking towards developing dormant Panama property and making it into something more useful land productive. Tourism is highly encouraged in Panama and there are tourists from all over the world that visit Panama. This helps in development and the growth of the economy. Also if you are looking to retire somewhere then Panama is one of the best places to settle down. With the beautiful beaches and the luxurious mountains it is the home that you would have always dreamed of. Tourism encourages people from all over the world to reach panama and many people who visit the place fall in love with its natural beauty. As a result people love to settle down and retire in Panama property. More and more people from all over the world today are buying panama property to retire in this beautiful country. To have a luxurious home in panama is one the passionate dreams of many hard working people from around the world

There are many reasons why someone should settle down in Panama property. Some of them would include low cost of living and the tax cuts. There are many tax benefits that one would get from living in Panama property. This would mean that all the money that you have earned can spent more effectively here. Further more this is more advantageous for the European buyers. This is because they can effectively take advantage of the weak dollar and along with the tax cuts can greatly help them out financially. The cultural of panama is diverse with people from all over the world coming to settle down here. Also English is a well spoken language in panama. This means that people from all over the world have no problems in blending in with the society of Panama. The culture is friendly and peaceful. You can choose to settle down on any one of the beach sides of Panama property. Both the pacific and the Caribbean sides are beautiful and it won’t matter which side you settle on. Also you can think about buying a home in the mountains of Panama. These mountains will help you to develop and love for nature with all the abundant flora and fauna that is present.

The wonderful climate will add to your enjoyment and you will develop a sense of love in your retirement. There are many properties for sale and if you want to invest you can look up to many real estate experts who will help you get the Panama property you want.

Panama Provides Free Medical Insurance for Tourists

How much does it cost?

It’s free!

How does it work?

Upon arriving in Tocumen International Airport, ask for a brochure and user card at the tourist information center before you go through customs. In the case of an emergency all you need is to present your passport and the user card to any medical establishment to receive care. This insurance is good for 30 days after your legal arrival in panama.

What does it cover?

The insurance policy will cover accidental death and repatriation of body (up to $20,000 dollars), hospitalization and medical expenses for injuries due to accidents or in case of contracting a disease in Panama (up to $7,000 dollars), expenses for dental emergency (up to $ 2,000 dollars), administrative legal assistance by accident (up to $ 3,500), lost or stolen documents, and necessary translation services, among others. You’ll find a complete description of the coverage in the brochure.

What does it not cover?

This insurance will not cover injuries that are the result of negligence, related to alcohol and drugs, those involved in extreme sports, among others.

Panama Business and Investing


Foreign investment is something the Panamanian government has always encouraged. Foreign investment in Panama is easier now than it has ever been. There is a new free trade agreement with the U.S., and a new domestic policy, Law 41 (2007), is designed specifically to reward multinational corporations, both large and small, for establishing regional headquarters here. Now is a great time to consider the opportunities in Panama.

Many foreign investors starting a business in Panama or purchasing real estate decide to use a corporate entity as an ownership vehicle. The specific corporate form is defined during the due diligence phase, and the corporation should be established in conjunction with the project and not as a separate consideration. The corporate ownership vehicle offers privacy and allows flexibility in estate planning, tax management, asset protection, and representation.

Should an investor use (or form) a local Panama corporate entity, or use an existing foreign corporation? The answer is “it depends,” but in most cases, the use of a local entity creates more benefits. If you use a foreign entity, make sure to register it in the Public Registery. Although Law 41 has streamlined the procedures for registration of foreign entities, it could still take several weeks to complete the process.

Panamanian commercial law allows many corporate forms. Two important forms that offer the investor structures similar to the familiar limited liability company are the “Sociedad de Responsabilidad Limitada” and the “Sociedad Anónima.” Determining which of the many forms is the correct choice is part of your due diligence efforts, but these are the two most prevalent forms with the S.A. as the preferred vehicle.

The S.A. has many features which offer privacy. Some of the more important features are: no requirements to disclose ownership; no restrictions on owning investments outside of Panama; no restrictions concerning ownership of shares; no residence requirements for Directors/Officers; no requirements to file annual Financial Statements; no requirement to hold annual General Meetings of Shareholders or Directors. This feature is very important – the accounting books for the corporation can be kept in any part of the world and in any language.

Entities doing business within Panama must register with the Tax Authority. Formal tax registration is not needed if the corporation simply holds real estate, or does not generate taxable income within the territory of Panama. “Within” means any transaction that is from a location in Panama to another location in Panama. Anything that crosses a border is a non-taxable transaction. Directing transactions in other countries from Panama is non-taxable.

Every corporation must reside in Panama or have a local registered agent. There is an annual registration fee paid to maintain a valid registration at the Public Registry of Panama. The fees and taxes are quite reasonable, but must be paid promptly. Late payment can produce penalties or cause the company to be stricken from the Register.

A corporation may adopt by-laws for the regulation of its internal affairs and procedures, but adoption is not mandatory. If by-laws are adopted, they can be registered at the discretion of the directors of the corporation. Registration of by-laws is not mandatory, but if the directors decide to register the by-laws, any amendments to the by-laws must be registered as well.

Historical Old Quarter (Casco Antiguo) Tour


Boyaca House and Tiger 's Paw

 

One of these Panama’s historic icons is the Boyacá House located in the neighborhood of Santa Ana. The Boyacá House took its name from its resemblance to the bow of a ship. Boyacá was a famous Colombian war ship of the time.

Next to this singular wooden house is a segment of the “Tiger’s Paw” bastion, the only place in Casco Antiguo where it’s possible to have an idea of the original appearance and dimensions of the colonial fortifications facing inland. 

 
The Flat Arch and Santo Domingo Church


The ruins of the church and convent of Santo Domingo is one of the most important monumental colonial Old Town of Panama. The flat arch is part of this church and is known to be a genuine construction of masonry. The Dominican friars began to build their church immediately after the founding of Casco Antiguo on 1678 . But the fire of 1756 burned all the woodwork and the church was not rebuilt - but the flat arch still stood.

The arch "survived" but even more impressive is the fact that this brink arch, spanning a space of 50 feet, 35 feet high at the crown and 25 feet at the spring is so flat that it is said to be an engineering "sport". The Panama Guide by John O. Collins 1912

This architectural triumph has remained intact, resisting earthquakes and time with no support other than the terminal arches. This fact has puzzled practical architects from all over the world. This old arch also played an important part in building the canal, for the reason that it had remained standing all these years was convincing proof that Panama was outside of the earthquake area, and this fact was a deciding factor in the momentous question of building a lock type canal when the question was being debated as to the feasibility of a sea-level or lock type.

Unfortunately, the flat arch collapsed on Friday night, November 7, 2003 but it is has been reconstructed.

Currently the ruins of the old church of Santo Domingo are undergoing construction. They will provide a space for cultural and artistic presentations in the future


The Panama Canal Museum



In a beautifully restored building facing the Plaza de la Catedral is the Panama Canal Museum located. The museum interprets through permanent exhibitions the construction of Panama's canal, its importance as an interoceanic route and the technological and financial advances made around the world as a result of the canal's construction.
Back in the day, the building where the museum is located was built in 1875 to be originally used as a hotel facility equipped with a monumental structure in the French style. It occupies an area of 1 239 square meters and a total building area of over 4 000 square meters, also was the headquarter of the French canal company. Afterwards the U.S. Isthmian Canal Commission had its offices in there and in 1912 it became the main Post Office. Since 1997 it is the Panama Canal Museum.

History Museum of Panama


Located on the second floor of the Municipal Palace building, the Museum of History presents documents, ceramics, furniture, clothing, weapons, paintings, sculptures and pieces of the colonial period, federal, provincial and republican.


Casa Museo Endara


The building was built between 1909 and 1910 and was the residence and studio of Carlos Endara, pioneering photographer in Panama. One of the most reliable restoration of the historic center. The museum was inaugurated in November 2008. It has a valuable selection of photographs and objects from Carlos Endara.





The Fish Market
The fish market is a white and light blue building with the Japanese and Panamanian flags on the top of the building. The Japanese government donated the new fish market installations. The market can't be missed as it is located at the very entrance of Casco Viejo, just off Avenida Balboa.

In what is one of the most impressive displays of local fish and seafood you'll find anything from fresh yellow fin tuna, shrimp & prawns the size of your hand, red snapper (pargo rojo), mahi mahi (dorado), octopus (pulpo) and much more! 



 Simon Bolivar Plaza


Known originally as the Plaza de San Francisco in 1883 the city council devoted the plaza to the Liberator: In the center of the plaza is a monument to the Venezuelan general Simon Bolivar, also known as the "Liberator of Latin America," with decorative friezes marking events of his life and an Andean condor perched above him.

In 1826 (4 years before his death) Bolivar organized an independence meeting in a schoolroom opposite of the park urging the union of all Latin American countries. After struggling against the Spanish domination, he finally succeeded in liberating Bolivia, Columbia, Ecuador, Peru and Venezuela. Bolivar is respected as a hero throughout Latin America.

This plaza goes back to the 1756 fire, which destroyed the houses that originally stood on this spot. In 1883 the empty lot was named Bolivar Plaza. A monument commemorating the one-hundredth anniversary of Bolivar Amphictyonic Congress was placed in the middle of the plaza in 1926 to coincide with the Pan American Congress of that year.

The Hotel Colombia

The Hotel Colombia, across the street from  Simon Bolivar Plaza it, was one of the country's best when it opened its doors in 1937, but it fell into neglect during the late 20th century until it was renovated in the 1990s and converted to luxury apartments.

French Plaza



Originally Plaza de Francia was the main square of the city. This plaza is located at the very tip of the peninsula and in the center is an obelisk topped by a rooster, a symbol of the French nation. The 12 slabs of marble outline the history of the Panama Canal. All around are busts of Panamanian engineer Pero J. Sosa and French citizens (most of them were from France and French islands such as Guadeloupe or Martinique) who were prominent in the construction of the Canal. This impressive monument honors those 22,000 workers and engineers who died (due to Yellow Fever & Malaria) trying to build the canal.

Besides the Monument, on this plaza you will find French Embassy, Esteban Huertas Promenade, Anita Villalaz Theatre, The National Institute of Culture Building, and a beautiful view of the Panama City Bay, Bridge of the Americas (Puente de las Americas) and the Amador Causeway. You can also find nine restored dungeons on the plaza which were used by the Spanish.

Plaza Herrera


This plaza originated in the wake of the 1781 fire. It was originally used for bull fights and first known as Piazza del Triunfo. Later, in 1887, being renamed for one of Panama's independence heroes: Panamanian general and statesman Tomas Herrera (1804-54) . He led the 1840 movement to make Panama a free state, separate from Colombia. He served as president of Panama during its single year of independence. Herrera later became a high-ranking Colombian official and put down a rebellion in 1854

Ministry of Foreign Affairs/ Palacio Bolivar




Salón Bolívar is part of beautifully renovated colonial building Palacio Bolivar on the Plaza. Lucky visitors of the palace that now serves as Panama’s Foreign Ministry offices are afforded a water’s edge view all the way to Panama Viejo. The Salon is now a small museum about Panama’s political history. The documents of the Amphictyonic Congress, organized by Simón Bolívar in 1826 to create a confederation between Columbia, Mexico and Central America and lent by the Brazilian government, are on exhibit here.


Plaza de la Independencia & The Cathedral Metropolitana


The Metropolitan Cathedral is located on Plaza de la Catedral also known as Plaza de la Independencia which is the heart of Casco Viejo with many events through out the year. It is an important landmark of Casco Antiguo. It has been used as a bullring. By 1890 it was transformed into a park with elements of the French influence. In November 1903 Panama declared its independence from Columbia on this Plaza. It was at that moment that the Republic of Panama was born, with much euphoria.

The cathedral reflects best the Spanish presence due to the buildings dimensions and age. The construction of this building lasted over 100 years.

The Palacio Municipal is also located on Plaza de La Independencia. The palace was the former town hall, but was demolished in 1910. A building with an important history: The proclamation of independence from Spain in 1821 and the separation from Columbia in 1903 happened there. Designed by Ruggieri this historic Neo-Renaissance style building with Greek columns and reliefs of mythological inspiration (Mercury and Vulcan) houses the Museum of Panamanian history.

Plaza de Santa Ana

In the mid-nineteenth century this plaza was used as a market. At the end of the century it was a symbol of economic boom and the cosmopolitan character of the city: there were elegant hotels, bazaars offering fine imported goods, and two of the first theaters in Panama located. During the twentieth century it was the scene of major protests and nationalist. Today it is the steet of the pedestrian mall of Avenida Central.

San Jose Church


This church is located right on Avenida A and famous for the distinctive baroque Altar de Oro (The Golden Altar), which was saved from Panama Viejo and transported into the "new" city. The altar was about the only thing of value salvaged after Henry Morgan sacked Panama Viejo. A priest painted the altar black to disguise it.

Almost every weekend weddings are being held there.

Iglesia de la Merced



This church was already built in 1680 after having been moved, stone by stone, from its previous site in Panama Viejo. The facade is still an excellent example of one of Casco Viejo's oldest buildings. The chapel was recently renovated. This church was the one that kept most of the birth & baptism records of Panama City. La Merced Church also houses a small museum.
The Iglesia de la Compania de Jesus



The ruins of the Convent and Iglesia de la Compania de Jesus, is one of the most striking once in Casco Viejo. Back in 1667 it was the home of the Royal Pontifical University of San Javier. In 1781 the church was destroyed by a fire and further damaged by an earthquake in 1882. Panama's government restored the ruins of the convent in 1983 but it is again undergoing reconstruction.


San Francisco de Asis Church

The old convent of San Francisco next door was abandoned after the fire of the eighteenth century. It was part of important historical events such as the celebration of the Amphictyonic Congress in 1826. This church is one of the original structures of Casco Viejo.


Iglesia San Francisco de Asis is one of the smallest but most ornate churches in Casco Viejo. It sits on Plaza Bolivar across the street from the National Theater. As were many of the buildings in the neighborhood, the church was ravaged by fire in 1737 and again in 1756. Restored in 1998, it is now one of the most striking churches in Panama.
Presidential Palace



Palacio de las Garzas (Heron's Palace), the official name of the presidential palace, named for the numerous herons that inhabit the building. The original building was constructed in 1673.

Palacio de las Garzas is the official residence of the President and bears its name because of resident African herons who were brought as a gift in 1922 after the final renovations were completed under President Belisario Porras. The airy interior courtyard and lobby are remodeled in the style of an Andalusian courtyard and the herons roam the courtyard freely. The palace was originally built in the 17th century by an official of the Spanish crown and used as a customs house for a while. It is closed to the public, but depending on who is standing guard at the gate and what is going on inside, it is not unheard of for a guard to allow you to take a few quick photos of the impressive lobby. 

Casa Gongora

The only example of domestic colonial architecture of the seventeenth century. Built around 1760, it is named after Paul Gongora Caceres, a prominent merchant. It was restored in 1998-99 with local labor and they managed to keep the ancient woodworking (doors, balconies, armor). The building retains its original layout and belongs to the Municipality of Panama. There are regular exhibitions of Panamanian artists.

Club de Clases y Tropas




This is an abandon ruin and General Noriega's favorite hangout. In 1989 it was almost completely destroyed during the invasion.

Both movies, James Bond Quantum Of Solace as well as The Tailor of Panama filmed scenes in this ruin. On the weekends you can find young locals skating here.


Paseo Esteban Huertas


The Paseo Esteban Huertas begins on one side of the former Union Club and ends at Plaza de Francia. It was laid out in 1744-46 on the Chiriqui bastion, a well-preserved part of the colonial city wall. It is a waterfront promenade jutting out into the Pacific. It provides a beautiful view on the Puente de las Americas, the Amador Causeway and all the ships which are lining up to enter the canal.
Las Bovedas



Las Bovedas is located on a part of the walled city built in the eighteenth century (part of Plaza de Francia). This building which consists of a row of vaulted spaces - hence the name bovedas which means vaults - is part of Panama City's colonial fortification. It was restored in 1983. The Vaults have been used as stores, offices, jail, dormitory and restaurants. Today you can find stores and a restaurant there.


Culture National Bureau & Anita Villalaz Theatre

The Instituto Nacional de Cultura de Panama (INAC) was formerly the Supreme Court building (till 1996). You might have also seen it in a recent James Bond movie (Quantum of Solace).

You can find a small theater (Anita Villalaz Theatre) inside the building hosting various events through the year like theater performances, concerts and conferences. It has two levels (orchestra and gallery). The maximum capacity are 250 seats.


National Theater



The National Theater was built between 1905 and 1907 (opened in 1908) and its interior has been completely restored. Mostly red and golden decorations, an impressive ceiling - mural showing muses and people who are important for the country - painted by Roberto Lewis (one of Panama's finest painters) and an enormous crystal chandelier can be found inside. This performance center has an outstanding natural acoustics and provides an intimate performance environment and seating for about 800 guests. It presents a comprehensive program of music, dance and theater.

The Emerald Museum



Admission to this museum is free but you must pass through their tempting emerald jewelry store on the way out. The museum is small but gives a good overview of the emerald mining industry and its history. The recreated mine you can enter and explore also makes it fun for kids.

Galería Juan Manuel Cedeno

Juan Manuel Cedeño is one of the most famous Panamanian artists, along with Guillermo Trujillo and Alfredo Sinclair. He is most famous for his drawings and sketches - clean, precise, subtle and moving. This small gallery space, located on Plaza Francia, is run by the National Institute of Culture (INAC) and houses a collection of Panamanian and Latin American artists.

La Iglesia San Felipe Neri



San Felipe de Neri was inaugurated in 1688 and is considered one of the oldest churches in the city. It has been home to many things over time, including a school, a seminary and a center for Catholic Cultural Action, as well as most recently, a home for the elderly. Modern restoration began in 1995.