Somewhere in the world more than 8,000 vessels are flying the Panamanian flag. To put this into perspective consider that the second largest merchant fleet in the world (Liberia) claims roughly 2,000 vessels.

There are a lot of reasons why so many yacht and ship owners would come so far to register their boats. For starters, offshore income derived by a vessel registered in Panama is exempt from taxes. There is no minimum tonnage requirement for registration here and Panama’s corporate secrecy laws can provide absolute privacy for a vessel’s owners.

There is another big plus for yacht owners when they purchase a boat in Panama for $200,000 or more. Transactions of this kind may qualify the buyer for a “Person of Means” visa. This can make coming and going from Panama easier while opening the door to dual citizenship.

If you are interested in learning more about the benefits of registering a vessel in Panama, you should begin your research by developing a strong relationship with a local attorney. You will find that there are many third party resources to help you select the best one for your needs. These groups provide unbiased reviews of providers in Panama’s professional community speeding you to a successful pairing.

For more information on banking and tax strategies, estate management, employment, forming a Panamanian foundation or corporation, real estate, trade policy, local economics, vessel registration, obtaining legal counsel, or any other topic related to doing business in Panama… click here

After some time without a new place to go, rock music lovers in Panama can come to the new Madame Blanche Rock Lounge.

This new haven for rockers is located in the popular bar and discotheque district of Panama City, Calle Uruguay. You will find it easily, because it’s located right above the Sahara bar and restaurant.

Owners of Madame Blanche are determined to capture old as well as young clientele by providing service from early in the afternoon (5:00 p.m.) and gigs that start at the reasonable hour of 10:00 p.m. for the first set and midnight for the second set. No more falling asleep over drinks while you wait for some good music!

Tuesdays are destined for Blues gigs, and Wednesdays for Jazz. Classic Rock, Pop, Indie, Alternative, New Wave and others can be heard on Thursdays, Fridays and Saturdays.

Owners of Madame Blanche Rock Lounge are radio personality Manuel “Funket” De Leon and artist Alfredo Bocanegra. They rely on experienced bar tender and manager Benny Cedeño to tend to their customers.

Panama citizens may recognize the name of this bar, because there’s an award winning magazine with the same name. Also, Funket and Alfredo have expanded this franchise to the radio, by hosting a homonym show on KYS Radio Station (104.3FM).