Founded on August 15, 1519 by Pedrarias Dávila. It was the first european settlement on the Pacific Coast. Gold comming from Perú passed through Panama toward the port towns of Portobelo and Nombre de Dios, where it was loaded into ships bound for Spain. In 1671, twelve hundred men led by the English pirate Henry Morgan ransacked and subsequently destroyed the city.

The New Panama city, is modern and has a lot to offer to all visitors and new inmigrants to seek a new home and properties.