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Bud

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Everything posted by Bud

  1. Bud
    Nope. Not unless he is actively involved in doing something in his capacity as the registered agent. Since I pay the Tasa Unica he does nothing and is paid nothing. It is my understanding that a registered agent is required. That does not bother me and seems reasonable. It is a matter between the registered agent and you whether he is paid any fee for holding that position. BTW, I also take care of the income tax filings through a CPA in David. A fee is paid for that service. It is my understanding that a CPA must file that report, but some expats tell me otherwise. If there is clarification on this point, I would appreciate it.
  2. Bud
    http://www.newsroompanama.com/news/panama/mizrachi-interpol-red-alert-remains
  3. Bud
    http://www.newsroompanama.com/news/panama/health-minister-resigns
  4. Bud
    I, too, have learned how deficient in my quota of patience that I was after living in Panama full time. Every time I think I finally "got it", I get another dose of "calm down now, Bubba". I believe you identify an important aspect of the Panamanian (perhaps more generally the Latin) culture that leads to the slow pace of change. I was raised to seek many goals, two of which are efficiency and effectiveness. Those two attributes are where I typically get another dose of indicators that I need more patience. Woody, you may have hit on one of the world's biggest dilemmas. Well, more properly the western societies' dilemmas, given that some [Eastern] languages do not have commas.
  5. Bud
    Oh so true, unfortunately.
  6. Bud
    I had toyed previously with posting the following World Bank article (and document), but backed away because it seemed too remote from life in Chiriquí. Given the above posts, I am going to post it here. It is not specifically banking related, but it is part of the population changes that are going to be impacting our lives and the lives of future generations in the long term. To my way of thinking, the population trends are a destabilizing factor. I say that because there will be changing and increasingly larger demands for capital investments (schools, roadways, hospitals, housing, commercial outlets, etc.) as well as waning natural resources to support the population, along with shrinking green space for parks, recreation, etc. Remember that this report is about Central America, not just Panama. The term Central America normally includes seven countries: Belize Guatemala El Salvador Honduras Nicaragua Costa Rica Panama However, in reviewing the full report (see the PDF attached below) it appears that the World Bank does not include Belize in its list of countries comprising Central America. On page xii and again on page 8 (and subsequent pages) the report specifically mentions six capital cities of Central America (less Belize), and so by inference the World Bank considers only those six countries to comprise Central America. This should be explicitly specified (my opinion here). An interesting quote from page viii of the document: "Central America is the second fastest urbanizing region in the world, second only to Africa." I question some of their numbers (see the highlighted text below). As the article says: challenges and opportunities. A really interesting report, with lots of food for thought. Here is the URL for the above World Bank article: http://documents.worldbank.org/curated/en/2016/06/26449092/6c-central-america-urbanization-review-making-cities-work-central-america-vol-2-final-report And finally, here is the full 181 page English language report in PDF format: World Bank Report - Project P152713.pdf
  7. Bud
    http://www.newsroompanama.com/news/panama/arrest-warrant-will-follow-martinelli-runs
  8. Bud
    http://www.newsroompanama.com/news/panama/flu-death-toll-rises-18-situation-normal
  9. Bud
    http://www.newsroompanama.com/features/media-watch/opinion-canal-expansion-opportunity-lost
  10. Bud
    http://www.newsroompanama.com/news/panama/13th-flu-death-prompts-no-kissing-alert
  11. Bud
    http://www.newsroompanama.com/news/panama/heavy-police-presence-5-year-olds-funeral
  12. Bud
    http://www.newsroompanama.com/news/panama/5-year-old-killed-gang-battle-crossfire
  13. Bud
    http://www.newsroompanama.com/news/panama/flu-kills-12-hospitalizes-547
  14. Bud
    http://www.newsroompanama.com/news/panama/7-dead-310-hospitalized-flu-outbreak
  15. Bud
    With the exception of the original post that started this topic, everything else is unsettling at best. Re Judy's incident, color me naïve or ignorant (perhaps both), but what good would a passport be for a robber? Is there an aftermarket for passports? I am especially saddened at the loss of a child. Any killing is bad, but an innocent child?! More naïveté on my part: Are gangs that much of an issue in Panama? In Chiriqui? In Boquete? It would appear so from this topic: 170 police raiding 20 sites for gangs, guns, and more? All in the David area. And 250 gang members arrested so far this year. Where have I been? Obviously not reading the news.
  16. Bud
    Bonnie, our thoughts and prayers go out for you and Larry. Please keep us all updated at major milestones in his recovery.
  17. Bud
    http://www.newsroompanama.com/news/panama/line-flu-shots-197-hospitalized
  18. Bud
    http://www.newsroompanama.com/news/panama/117-hospitalized-flu-epedemic-5-deaths
  19. Bud
    A PIF must have a registered agent, yes. Must the registered agent pay the Tasa Unica, no. I understand some attorneys will say or infer that a registered agent must pay the Tasa Unica, but nope. Such a statement would be for obvious reasons.
  20. Bud
    I have taken care of this task myself for many years. Only fill out one form (using all the numbers from the prior year's form), spend a few minutes in line at the bank, and it is done. Best news is no agent fee involved. Was not aware the Tasa Unica could be paid at Caja Ahorros. Will keep that in mind in case the lines at BN in Boquete are too long.
  21. Bud
    http://www.newsroompanama.com/news/panama/department-store-survives-laundering-crisis
  22. Bud
    http://www.newsroompanama.com/news/panama/move-protect-panama-financial-system
  23. Bud
    http://www.newsroompanama.com/news/panama/cabinet-defines-waked-strategy
  24. Bud
    The Tasa Unica currently is $400.00 per year. Must be paid in cash at Banco Nacional.
  25. Bud
    Erin, I have no idea what you refer to by "OP". Please illuminate my aging brain cells.
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