Christopher Howard's
Living and Investing in Panama

"Central America's overlooked country"

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Banking in Panama
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Investing in Panama
Panama's Stock Market
Finding Work
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Common business
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Automobile in Panama
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Living and Investing in Panama
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Communications

Telephone and Internet Service
Keeping in touch with family friends is not a problem in Panama. Panama has an excellent privatized telephone system, with around 400,000 phone lines. Cable & Wireless provides telecommunication coverage nation wide. Presently they offer international telephone, fax, telegraph, and some e-mail services. They also offer provide such innovative services as answering, voice messages and beeper services. In 1997, they became the first private company to take over the previously inefficiently run government phone system. Now they have a virtual monopoly when it comes to residential and business service.

Obtaining a phone line and to open an account in Panama costs around $50 for Panamanian citizens and $100 for non-citizens. It usually takes about a week to have a regular phone connected.

Calls within the country are a bargain. You can call any place in the country for only a few cents. If your house or apartment does not have a phone, do not worry. Public telephones are just about everywhere in Panama and use $.05, $.10, and $.25 cent coins. Both Panamanian and U.S. coins are the same size and interchangeable. Coin -operated pay phones cost $.15 for three minutes. Phones accepting pre-paid phone cards are slowly replacing coin-operated phones.

Mail Service
Panama’s postal system offers postal services comparable to that in many countries abroad. Correos y Telégrafos offers a wide range of services.

Just as in the United States, mail may be received and sent from the post office (correo or casa de correos). Other small cities and towns in rural areas have their own centrally located post offices. An airmail letter from Panama to the U.S. costs $.35; an airmail letter to Europe is $.45. Airmail between the United States or Europe and Panama usually takes about five to ten days. A postcard to North America is around $25.

Curbside boxes for mail pick up and door-to-door-delivery are almost nonexistent in Panama. You will have to mail your letters from the post office or from a hotel if you are a guest. Since there is no home delivery, you will need a post office box. Getting a post office box is a straightforward process, but vacant boxes can sometimes be hard to come by as they are in great demand. Boxes by sharing with friends, neighbors, extended family or a business associate. In theory, said practice is not permitted, but many people do it and nobody seems to check closely. To apply for a post office box, go to the post office nearest your office or home.

Receiving Money from Abroad
Do you plan on having money sent to you in Panama? The fastest and safest way to receive money while visiting or residing in Panama is to have an international money order or any other type of important merchandise or document shipped to you by one of the worldwide courier services, such as DHL or UPS. Letters and small packages usually take about two working days (Mon.–Fri.) to reach Panama from the United States or Canada.

Many worldwide air couriers have offices in Panama City, such as DHL (800-DHL1 or 271-3400), Federal Express (271-3838 or 800-1122), UPS (Tel: 269-9222) Jetex (Tel: 269-1755).

U. S. banks can wire money to banks in Panama. This method is safe, but can be slow at times, as many bureaucratic delays can develop while waiting for checks to clear. You are also charged a fee for the transfer.

Western Union (800-2274) in Panama is another way to make money transfers in the country.

Private Mail Service
The U.S. based company Mail Boxes Etc. has six braches in the Panama City: Paitilla (Tel: 264-7038), Albrook (Tel: 314-06010 El Dorado (360-2070), San Francisco (270-13270) El Cangrejo Via Argentina (Tel: 214-4620) and Vía España (264-3325). They are mail forwarding services that provide clients with a mail drop and P.O. Box in Miami, and a physical address there. This enables customers living in Panama to have their mail sent to the Miami address where the companies forward the mail to Panama. They also do packaging, have fax and internet services, and offer photocopying.

Airbox Express (Aerocasillas) (Tel:269-9774 Fax: 269-9396) in Panama City and (Tel: 775-4512, Fax:774-7496 E-mail: info@airbox.com) www.airbox.ws) in David is another company offering a mail drop in Miami.

The companies above provides much faster service than the regular Panamanian mail system to access mail order products from the U.S., to enable clients to subscribe to magazines and newspapers at U.S. domestic rates, to help obtain replacement parts from abroad, and to order directly from mail order catalogs like Land’s End, J.C. Penny and L.L. Bean. Large automobile parts may also be ordered from the U.S.

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Living and Inventing in Panama
Living and Inventing in Panama
From "Living and Investing in Panama" by Christopher Howard. ALL RIGHTS RESERVED. No part of this article may be reproduced without written permission of the authors and copyright owner.

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