In recent weeks, there has been a slight increase in Corona numbers in Panama. Numbers have stabilized, progress is being made with vaccination in Panama, and all sectors of the economy are open. Below you will find information around the Corona situation, the vaccination strategy and the impact of the pandemic on life, travel and the economy.

Health (figures as of 20 July 2021)

• There are currently 13.133 active cases.
• The R-value is 0,99
• The mortality rate is 1.6% (global average 2.2%)
• Panama performs the same number of tests per capita as Germany.
• The percentage of positive tests is currently 7 – 10% daily.
• The intensive care beds have never been fully utilized.
• Corona vaccination (Biontech/Pfizer und AstraZeneca) started in Panama in January. Approximately 30% have received at least one dose of vaccine and 16% are fully vaccinated.
• Since Panama has a very young population (Ø 26 years), people aged 60 and over were already vaccinated in phase 1.
• So far, 10% of the Panamanian population has been infected with Corona. Taking into account the estimated number of unreported cases, this figure should be about 25%, which is much closer to herd immunity.
• The graph shows the weekly trend (March 20 – July 21) of new infections (bars) and the test positive rate (curve). The sharp increase in June 2021 began with the economic opening. The increase in November 2021 is due to the holidays in early November (data link).

Economy

• All sectors of the economy are open.
• Restaurants and stores in Panama City (other regions may differ) are allowed to open until 11.00 p.m., although many restaurants, hotels and stores are still closed.
• The support payment for socially weak people is 120 USD per month. As unemployment has skyrocketed, this amount is barely enough for many poorer families.
• Current estimates predict economic growth of +12% in 2021 (2020: -17%).

Life in Panama

• The government measures the corona risk of the individual regions on the basis of certain indicators (R-value, hospital occupancy rate, etc.) and adopts region-specific measures on the basis of this.
• In Panama City there is currently a curfew from 0.00am – 04.00am daily.

Travel to Panama

• Since 12 October 2020 Panama Citys International Airport is open again.
• Current entry regulations (as of 26.07.2021) can be found in the previous link.
• Departing travelers can take a Corona test at Panama City Airport (if required by their home country).

FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.

The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.

Profitable, safe and beautiful:
Investments in Panama

What is it to travel in Panama in Corona times? What can you do during a long weekend in Panama. Klaus Happ talks about his experiences during his trip in Panama in March 2021 in his video. Just click on the video BELOW to learn more.

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FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.

The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.

Profitable, safe and beautiful:
Investments in Panama

The Corona situation in Panama is currently good, as new infections have been falling steadily in recent weeks and are at a low level. All sectors of the economy are open. Below you will also find more information on Corona vaccination in Panama.

Health (figures as of 25 March 2021)

• There are currently 5.030 active cases.
• The R-value is 0,91
• The mortality rate is 1.7% (global average 2.2%)
• Panama performs the same number of tests per capita as Germany.
• The percentage of positive tests is currently below 5% daily.
• The intensive care beds have never been fully utilized.
• Corona vaccination started in Panama in January.
• The goal is to have 84% of the population vaccinated by the end of the year. The current figure is 8%.
• 5.2 million doses have been ordered (Biontech/Pfizer, AstraZeneca, Jonson & Johnson) and negotiations are underway for an additional 3 million doses of Sputnik V vaccine.
• Since Panama has a very young population (Ø 26 years), people aged 60 and over were already vaccinated in phase 1.
• So far, 8,5% of the Panamanian population has been infected with Corona. Taking into account the estimated number of unreported cases, this figure should be about 20%, which is much closer to herd immunity.
• The graph shows the weekly trend (March 20 – March 21) of new infections (bars) and the test positive rate (curve). The sharp increase in June began with the economic opening. The increase in November is due to the holidays in early November (data link).

Economy

• All sectors of the economy are open.
• Restaurants and stores are allowed to open until 10.00 p.m., although many restaurants, hotels and stores are still closed.
• The support payment for socially weak people is 120 USD per month. As unemployment has skyrocketed, this amount is barely enough for many poorer families.
• Current estimates predict economic growth of +9,9% in 2021 (2020: -17%).

Life in Panama

• The government measures the corona risk of the individual regions on the basis of certain indicators (R-value, hospital occupancy rate, etc.) and adopts region-specific measures on the basis of this.
• Throughout Panama there is currently a curfew from 11.00pm – 04.00am daily and in the greater Panama City area additionally on weekends.
• Beaches are open from 06.00am – 06.00pm.

Travel to Panama

• Since 12 October 2020 Panama Citys International Airport is open again.
• Visitors (regardless of where they come from in the world) must present a Corona negative test (max. 48 hours old) or alternatively take a rapid test at the airport in Panama. If the test is positive, you will be quarantined in Panama.
• Departing travelers can take a Corona test at Panama City Airport (if required by their home country).

FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.

The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.

Profitable, safe and beautiful:
Investments in Panama

The new “Golden Investor Visa” in Panama allows investors to apply for their second residence from abroad and receive it after just 30 days. This visa type requires an investment e.g. in real estate of at least 300,000 USD (from October 2022 it will be 500,000 USD) and a holding period of at least five years. All existing visa types in Panama will continue to exist and after 5 years you can apply for your Panama passport and citizenship. However, there are plans to make the Friendly Nations visa more difficult. This is the easiest form so far. Click on the link to find our “Visa & Invest Factsheet” with all information.

FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.

The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.

Profitable, safe and beautiful:
Investments in Panama

The case numbers for Corona virus in Panama have improved significantly since mid-January and as a result, most of the partial lockdown implemented in December has been lifted. Below you will also find more information on Corona vaccination in Panama.

Health (figures as of 16 Feb 2021)

• There are currently 333.251 cases and 5.655 deaths.
• The R-value is 0,83
• The mortality rate is 1.7% (global average 2.2%)
• Panama performed more tests per capita in 2021 than Germany.
• The percentage of positive tests is currently 7-10% daily.
• The intensive care beds have never been fully utilized.
• Corona vaccination started in Panama in January.
• 5.2 million doses have been ordered (Biontech/Pfizer, AstraZeneca, Jonson & Johnson) and negotiations are underway for an additional 3 million doses of Sputnik V vaccine, covering 80% of the population.
• By the end of March, 750,000 doses are expected to arrive in Panama.
• In phase 1, hospital staff will be vaccinated. Since Panama has a very young population (Ø 26 years), people over 60 years of age will also be vaccinated in phase 1.
• So far, 8% of the Panamanian population has been infected with Corona. Taking into account the estimated number of unreported cases, this figure should be about 20%, which is much closer to herd immunity.
• The graph shows the weekly trend (Mar 20 – Feb 21) of new infections (bars) and the test positive rate (curve). The sharp increase in June began with the economic opening. The increase in November is due to the holidays in early November (data link).

Economy

• Almost all sectors of the economy are open.
• Restaurants and stores are allowed to open until 9 p.m., although many restaurants, hotels and stores are still closed.
• The support payment for socially weak people is 120 USD per month. As unemployment has skyrocketed, this amount is barely enough for many poorer families.
• Current estimates predict economic growth of -9.% in 2020 (2021: +5%) and an unemployment rate of 18.5%.

Life in Panama

• The government measures the corona risk of the individual regions on the basis of certain indicators (R-value, hospital occupancy rate, etc.) and adopts region-specific measures on the basis of this.
• Throughout Panama there is currently an curfew of 10.00pm – 04.00am daily and in the greater Panama City area additionally on weekends.
• In some regions the beaches are completely open, in others only on weekdays.
• Violations of the Corona measures are punished since December 3 with cancellation of the Corona aid for the persons concerned.

Travel to Panama

• Since 12 October 2020 Panama Citys International Airport is open again.
• Visitors (regardless of where they come from in the world) must present a Corona negative test (max. 48 hours old) or alternatively take a rapid test at the airport in Panama. If the test is positive, you will be quarantined in Panama.
• Departing travelers can take a Corona test at Panama City Airport (if required by their home country).

FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.

The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.

Profitable, safe and beautiful:
Investments in Panama

Corona figures in Panama had improved significantly from August to November, so that all economic sectors and tourism in Panama are open again. I have summarized my impressions during my November trip in this VIDEO (link to click). At the beginning of November, the national holidays led to an increase in private parties, which has resulted in higher case numbers since the end of November. However, Panama currently performs more tests per capita per day than e.g. Germany, which explains part of the increased case numbers.

Health (figures as of 07 Dec 2020)

• There are currently 179,230 cases and 3,212 deaths.
• The R-value is 1.18
• The mortality rate is 1.79% (global average 2.29%)
• After the USA (world leader), Panama carries out the most tests per capita on the American continent.
• The percentage of positive tests was around 10% at the beginning of November and currently fluctuates daily between 14 – 19%.
• The intensive care beds have never been fully utilized.
• In Panama, Pfizer / Biontech vaccines are expected to be available in Q1 2021. In addition, vaccine doses have also been ordered from AstraZeneca. Basically, the population of Panama is vaccine tolerant.
• The graph shows the weekly development (March – December) of new infections (bars) and the test positive rate (curve). The strong increase in June began with the opening of the first economic sectors. The increase at the end of November is due to the public holidays at the beginning of November and the immense increase in the number of tests performed daily (data link).

Economy

• All economic sectors are reopened.
• After the Panama Canal ended its fiscal year (30/09) with a turnover increase of 1.2%, the last turnover reports of the Canal Authority are also positive. In particular, business with Asian trading partners has picked up strongly again.
• Many restaurants, hotels and stores have not yet reopened.
• Current estimates assume economic growth of -9.3% in 2021 (2021: +6.4% / 2022: +5.1%) and an unemployment rate of 13.9% (2021: 9.8% / 2022: 8%) (Info-Link).

Life in Panama

• The government in Panama has introduced a “traffic light system” for the different districts of Panama, which shows the current level of risk. Different restrictive measures are then associated with the respective color. The risk is measured by the R-value, the mortality rate and the utilization of intensive care and hospital beds (info link).
• Since December 03, violations of the corona regulations have been punished by cancellation of the corona aids for the persons involved.
• In the greater Panama City area, for example, there is currently an curfew from 09.00pm – 05.00am and a prohibition of alcohol during this time.

Travel to Panama

• Panama has received the “Safe Travel Country” certificate from the “World Travel & Tourism Council” due to the corona measures introduced (info link).
• Since 12.10. the international airport of Panama City is open again.
• Travellers (no matter from where in the world) have to present a Corona negative test (max. 48 hours old) or alternatively make a quick test (results after 20 min) at the airport in Panama for 50 USD. If this test is positive, the person will be quarantined in Panama.
• Beaches and other tourist facilities are open.

FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.

The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.

Profitable, safe and beautiful:
Investments in Panama

How is life in Panama during the Corona Pandemic? What has changed in Panama due to the Corona crisis? Klaus Happ reports about his experiences during his trip to Panama in November 2020. Click on the Panama video below to learn more about the current Corona situation in Panama and to see if a Panama trip in Corona times is worth the effort.

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FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.

The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.

Profitable, safe and beautiful:
Investments in Panama

The streets of Panama City are noisy again, which is a good indicator for the recovering economy of Panama. The international airport has been reopened for tourism, all economic sectors are on the rise and the spirit among the population has improved. This is due to the extensive opening after the months-long lockdown in Panama and the improving corona figures. The second corona wave is declining and a German vaccine is already being tested on first patients in Panama.

Health (figures as of 27 October 2020)

• There are currently 130.422 cases and 2.650 deaths.
• The R-value is 0.92 and has fallen continuously in recent weeks.
• The mortality rate is 2.0% (global average 2,7%).
• Currently, 80% of the test capacity of Germany is performed per capita.
• The percentage of positive tests has fallen from 35% (July) to currently about 10%.
• The intensive care beds have never been fully occupied.
• Curevac from Germany is testing its corona vaccine in Panama.
• The graph shows the weekly development of new infections and the test positive rate (curve). The strong increase in June began with the opening of the first economic sectors.

Economy

• All economic sectors are reopened.
• Consumer confidence is rising, as shown by a survey of the chambers of commerce.
• According to the government there will be no tax increases due to the Corona pandemic. This distinguishes Panama from many neighboring countries where many millionaires leave their homes to move to locations like Panama and protect their assets (info link to the Bloomberg report). New investor visas are offered for this purpose.
• The Panama Canal ended its fiscal year (September 30) with a 1.2% increase in turnover compared to the previous year. For the new fiscal year, a decrease in sales of 10% is expected. The better than expected developing economies of the USA and China give hope for a faster recovery. Thanks to water saving measures and rainfall, the canal has reached its highest water level again.
• A new multi-billion-dollar water project on the Panama Canal, the construction of the Metro Line 3 and four other major investment projects for public works are expected to boost the economy again.
• The copper mine, one of the largest worldwide, is running at full production (info link).
• According to the World Bank, Panama’s economy will shrink by 8.1% in 2020 and recover by 5.3% in 2021. In 2020, unemployment may rise up to 20 – 25% in the short term (in 2019: 7%).

Life in Panama

• Currently there is only a curfew from 11.00pm – 05.00am.

Travel to Panama

• Since 12.10. the international airport of Panama City is open again.
• 80 flights to 36 cities and 20 countries are operated daily.
• Travellers must present a corona negative test (max. 48 hours old) or can take a quick test (results after 20-30min) for 50 USD directly at the airport in Panama. If this test is positive, the person will be quarantined in Panama.
• According to current surveys (125 hotels) 36% of the hotels will reopen in October and another 32% by the end of the year. The rest would like to reopen in the new year and 1 hotel will close permanently.

FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.

The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.

Profitable, safe and beautiful:
Investments in Panama