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Data from Panama – Panama What Will Never Tell

Not as strong assets in Panama - There is a way to get a court order in Panama of a Panama court to garnish, lien and levy a bank account in Panama. If you do not know that the bank people is that the court may send a fax all banks in Panama asking to seize, levy, rate a bank account associated with the name of the person as a beneficial owner or signatory. This is called a sequestro.

Does this include the accounts of the foundation or company, too? Maybe, depends on the case and the court. The applicant must send a deposit of 10% 15% of the amount attached. If the defendant prevails in court this tank can go to the defendant. You can also take months or years to get your money back. This could destroy your business and personal finances and even bankruptcy all based on allegations alone.

Civil Law Suit in Panama Games – If you are in a civil strife in Panama, the adversary can pay a deposit of, say, 10% to 15% of the cash value of an asset and have seized. This is called an embargo. Going to storage until the case is decided in the courts. Lead time is usually three years or more. This has been used to take the personal contents of a house of people, including beds, furniture, televisions, computers, linens, towels, plates, guns, jewelry, etc. No free items, except medicine and Some medical equipment needed as a possible exception.

So if you take all the furniture, refrigerator, clothing, beds, etc and lien from their bank accounts, what are you doing? They could also seize a car or boat in this way and put in storage. What a good judicial system. protection assets in Panama has a lot of problems. If you live or operate a business in Panama, the risks are lower, but still there.

Preventive Arrest – If you are accused of a crime in Panama can be arrested and detained in custody until trial, the figure of three years. If you are a little foreign likely to return if he is allowed out, not be able to post a bond. Having a pensioner or state of residence does not mean that you are not abroad. A Panamanian not a stranger, and pensioners or residence of a foreigner.

If you're a Panamanian roots and family in Panama, in general, you can post a bond to avoid arrest if in fact even reach considering the remand. Is guilty until proven otherwise. Preventive detention has better normal jail conditions, but remains in jail. They do not give you health care coverage in jail. Think of your health if your money runs out and you still is in jail.

Search Warrants – Police in Panama does not need a search warrant for any reason to search for anything. This may include your home, your person, car, roof box, business, etc. Ok if you trust the government, I guess.

Crime of Passion – If you catch your spouse with another person who is close that can kill one or both of them as a crime of passion and not be prosecuted. The crime must occur as soon as the catch. You can not, like going home from a friend, get a gun and would return in this premeditated. You can do this with a girlfriend or boyfriend, but could be more risk than with your spouse. So you can get away with it in Panama.

Gun Rights – You can get permission to hold and carrying a gun or Panama as a permanent resident or pensioner. It takes most people three years to obtain permanent residence, so what do you years years. Panama has a high crime rate. To get a weapon you need to supply DNA from blood. Then the gun goes ballistic sampling. Process can take several months. Who do you share his DNA with that? There have been some close calls with respect to individuals who lost many of their weapons rights. Something that can happen at any time, in whole or in a declining ability.

Homes Panama – Panama has no clear or easy way citizenship. The law says that after one has a permanent residence for five years can apply for citizenship. In the midst of this is given to about 2 ½ people to year. It usually takes 2-3 years to get permanent residency. Your green card can not be used to open bank accounts, but still want your passport the country of origin. These residences are treated as long-term visas in reality. If the conditions for residency, you change your residence may be canceled although they call it a permanent residence should not be so sure. If you marry a Panamanian who receives "permanent" residence, but if you get divorced loses residency status.

Other countries treat permanent residents almost as a non-voting citizen. No Panama. You will need your passport country source for everything legal as opening bank accounts, signing leases, buying a house, write a check, buying a car, boat, etc. Your card residence or pensioner is not considered as valid identification by the majority. Panama has the absolute hardest and tighter immigration laws anywhere in Central America or South America. Each country has a direct real path to citizenship, but Panama.

Crime in Panama – Panama was a safe country. This changed in 2008. There is a more secure country. You hear about ATM robberies, kidnappings, burglaries, robberies and street crime. You wake up in the morning and read all about the drug busts that seem endless. After reading people stranded at the airport with a few million dollars on luggage, unreported, of course. Drug dealers kill each other regularly. They are found dead in his palatial villas with a bullet in the head. It is shot in the street.

Once in Spain through near the big church in 2008 across the street from the Crowne Plaza was an execution typical drugs. A drug the guy went to his car and two boys came on a motorcycle and sprayed over forty laps on it in broad daylight. Bullets hit buildings. Woman standing was traumatized to see that the corps de ballet of the impact of bullets. The shooters then drove off in the motorcycle kisses to the crowd like an opera singer. They were never caught as far as I know.

There were several different drug-related shooting in front of a large hotel in El Cangrejo, a period two or three months. People get married invaded private homes and sometimes in new condominiums with security. The suspects are usually security guards. People tied, beaten, force them to open safes, rape is optional. Women are afraid to go to malls because people jumping in the car with them and by whom knows what. Panama crime is now there with any third world country.

Street beggars – they are there and many them. They can get aggressive, hanging in the windows of cars, if they get the hand in the car try to force the window down, try to clean your windshield. That will more aggressive with a foreigner trying to get more of a brochure from a stranger.

Police in Panama – Well, are present. Soon to be disturbed in his roadblocks. They look at the car and check papers. It soon becomes a real pain. They go to the district of restaurants and tourism in Documents night and check. It used to be a foreigner can stay in Panama for years with an expired visa, now in immigration jail. Fines and then you go. If they see a crime involving the authors. They will not turn a blind eye. If you do not see the crime committed is a safe bet that will never catch anyone.

Its research resources leaves much to be desired and move slowly. They do not have sophisticated laboratories or crime scene. If you are experiencing a break and call, and I think in one way or another, it will be before you arrive, if it ever arrives. Forget about calling if you do not speak Spanish. Always make sure you knows that it will open the door for even in a condominium with security. Cleaning them corrupt to buzz someone into a building and then try to enter several homes. Invasions Homes are traumatic to say the least. Make sure your cleaning is not configured to leave the back door open, lost password, etc.

Department Fire – The fire department does not have equipment to do something about a big fire in a skyscraper. They may be able to get up maybe 15 or 18 floors but higher than it is better to have its own output. They will not come and get you if you are up 35 floors. What if you're 50 floors up?

Ambulance – If you are not a citizen is not entitled to use their ambulances. Take a taxi, drive yourself or walk. If you happen to be bleeding out tests direct pressure. If you can not walk, do not know what to say. You could get a private ambulance service is not cheap and not pay per month for the call.

Hospitals – probably not going to take your health insurance if a foreign country. You may be able to get a refund, but probably will not to work to pay the health care provider. If you go to the emergency room to see a doctor that you pay before you go to the ER visit. The doctor then evaluates you and order tests, etc. and then pay a second time. The same if you are there with two broken legs. No credit card or cash, without treatment. It is not necessary that you take in. If you are a citizen then you go to a public hospital for free. Please note all funeral homes and funeral cars on the streets of public hospitals.

Accident Real Estate – Real estate in Panama used to have stable prices, for example in 2005 and before. In 2006 they began to reappear. The first building was $ 1000 per square meter. In 2008 at the peak of real estate sold them for $ 3500 to $ 4000 of a meter. Began build a lot of condos. The idea was that they could get prices up to $ 8,000 a square meter or even $ 10,000. This did not work.

Did something wrong? You bet. Were built. Many projects have failed and are little more than holes in the ground and that was never completed. Many of the projects canceled. The: Government also was pleased to stricter immigration laws and bad laws are even worse. Of course, this encouraged the decline in real estate. It is considered the next round of price falls will be severe. When real estate is back to $ 1000 per square meter or less perhaps. Panama has the bad weather. Hot and humid months of the year. Traffic is so bad that locked. Parking is getting worse.

The rainy season is seven months. There are a lot of water to look at the city of Panama, but is contaminated and can not swim in it. There is no usable beach in Panama City. Electric bills in rich neighborhoods run about 10 times greater than when poor people live. Expect higher utility bills. Before there were good views of the condominiums. Now you'll see the neighboring buildings and see them look at your condo. Also people on the floors above you can see in your condo. There is no privacy. Leave the windows open a couple of hours day and then go to clean the black soot on the floors.

Maids – A lot of the maids are dishonest. Stolen. Roban bulk foods, makeup, clothes, jewelry, many things. There is a shortage of cleaning so that your income is too high. They get a month vacation after 11 months of work. Nice. They get about 18 or 19 days, plus each year. When was the last time I was six or seven weeks of paid vacation each year. "This tells why almost no production in Panama? The days of illness. If the fire or leave them, hopefully that will cost some money. Almost automatically take you to the labor authority. You lose all you can do is damage control.

It is necessary to the employment agreement for them, for approval when hiring. When fires, dating back to the Board of Conciliation and get the approval of the settlement payment. Guaranteed to make you pull your hair. Many of the rooms in your arrived in Panama and arrested by the crazy socialist labor laws. The owners are sick and tired of being dragged to the bench of bad and dishonest workers. Maids are stealing from you and then take you to the Conciliation Board. Report this police. The audience will not work board. Tell the police search of work aboard the maiden and to call if she appears, and they will.

Gringo Prices – If not, obviously a place that will raise prices on you. If you speak Spanish does not help. If you use the driver or other person who helps you tell the shop they want 10% or you will tell your customer to shop elsewhere. Panama has been dealing with foreigners since 1913 and are very good at fleecing them. Panamanians have a unspoken code and stick against foreigners, always. They are never really your friends, just think they are.

Panama Drug Abuse – Drugs are there and maybe 01.10 price in North America and the European Union. Have drug tourists arriving there, rent a house, buy large quantities drug and then invite your friends down for extended drug binge. Found in Bocas del Toro and elsewhere. They risk jail, but large, since users are only likely to just get out of the country after saying where they got the drugs.

Prostitutes – Prostitution is legal in Panama. You see the prostitutes on the streets. Clubs will man and so on. If you are a married couple to make sure the wife knows about it before coming.

Outside Panama City – This third world is full blown. Only the city is modern.

Summary – Panama to be safe, not more. Panama used to be cheaper, not more. Panama immigration used to be easy, no more. Panama used to leave people alone and let them do what they want especially in business, not more. Work to be cheap in Panama, no more. There are a lot of Central and South American countries where they can do better.

Gun Rights – You can obtain permission to own and carry a gun or Panama as a permanent resident or pensioner. It takes most people three years to obtain permanent residence, so what doing for years years. Panama has a high crime rate. To get a weapon you need to supply the DNA of the blood. Then the gun goes in the ballistic sample. Process can take several months. Who do you share his DNA with that? There have been some close calls with respect to individuals who lost many of their rights firearm. Something can happen at any time, in whole or in a declining ability.

-Aurelia Masterson, http://www.panamalaw.org

About the Author

Aurelia Masterson is an associate of Panama Legal law firm (http://www.panamalaw.org). She has years of experience in the field and now shares her observations of current events, politics, and law with the Internet community. She can be contacted at: aurelia@panamalaw.org.

On Street shopping-Via Espana, Panama City, Panama – LovePanamaRealEstate.com