Asset Declarations When Leaving Panama

Travellers leaving the country must declare if they have money or securities worth more than $10 thousand, a measure that until now has only been required when entering the country.

Friday, August 12, 2016

From a statement issued by the National Customs Authority:

At a press conference held at the headquarters of the National Customs Authority, the Director General Jose Gomez Nunez, unveiled to the media and the country in general, the adoption of Resolution No.297 of July 8, 2016, by which a new design and new content is given to the declaration form known as 'Declaración Jurada del Viajero' which must be completed by all passengers entering or leaving the country.
 
The new feature of this resolution, is that previously this form only had to be filled out by people entering the country, but from now on it must also be filled out by travelers leaving "through points enabled for foreign trade in the customs territory, declaring under oath information relating to money, securities or documents or other valuables being carried with them or in their luggage which together exceed the value of ten thousand balboas and 0 cents. (B / 10,000.00) as well as goods," according to  the wording of the new legal provision adopted by the National Customs Authority.



More on this topic

Losses due to Customs bureaucracy

May 2019

With the entry into force of the Single Central American Declaration, businessmen in the region report losses because of the delays generated by the implementation of the new system in the import and export processes.

At the end of March, a report was made that the Council of Economic Ministers (COMIECO) agreed to postpone to May 7, 2019, the entry into force of the Single Central American Declaration (DUCA), which had initially been set for April 1, 2019.

Panama: Little Growth in Tourist Numbers

August 2016

The number of tourists who came into the country in the first half of 2016 increased by 1.2% compared to the same period in 2015.

It is hoped that this un-encouraging result will be reversed once the international marketing strategy starts, a project which was awarded to the American company VML Inc.

Tocumen: Online Immigration Pre-check

February 2016

Using a mobile application travelers arriving at Tocumen airport can carry out security prechecks up to two weeks before arriving in the country.

The digital system can be used by Panamanians and foreigners on computers, tablets and mobile phones, allowing travelers to enter their personal and flight data for review prior to their entry to the airport.

Panama Will Offer Free Insurance for Tourists

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The insurance contract would only apply to tourists entering the country through Tocumen International Airport and would last for 30 days.

Panama’s National Tourism Authority has been authorized to hire these insurance policies with an insurer, which will be chosen through public bidding.

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