Oceania Business Plaza, 1000 Tower, 20th floor
Panama City, Panama
Tel: +507 214-7777
Panama has been ranked by the IMF, World Economic Forum and the Latin Business Chronicle as one of the most competitive and globalized economies in Latin America.
A RECENT report highlighting Panama as a potential growth market for solar energy market is highlighted by concerns of upcoming electricity supplies and levels of water in hydro dams with el niño threatening to shorten the current rainy season
Away from the commerce and concrete of the canal, the country is teeming with rain forests, beaches, indigenous people and colonial history.
August 15 marks the centennial of the opening of the Panama Canal, an engineering marvel that permanently changed world trade and still plays an essential role in global commerce and promises to keep doing so in the future.
Panama gets an injection of about $1 billion every year from the canal, according to the Economy Ministry, which said that the revenue helps buoy the local economy.
Several sectors are influencing the real estate boom in Panama, including tourism, the Panama Canal Expansion, and the consecutive Economic Growth since the Canal was handed to the Panamanian administration, the fiscal incentives for investors, among others.
Through the granting of a special license, multi-national companies can establish headquarters in Panama and make use of the country’s unique location and infrastructure, while at the same time benefitting from a favourable tax treatment for the company, special migratory visas for its workforce, and flexible labour regulations for their employment contracts.
If you’re planning to retire abroad—because you want to live better for less, diversify your investments or enjoy a greater degree of adventure—you should consider Panama. Panama ranked No. 1 this year because it offers a “great combination of variety and value,” she says. “No matter what it is you’re hoping to find, Panama is a good place to look for it.”
Thanks to the Panama Canal, Panama has long been a destination for international business. It has always focused more on its business infrastructure.There are plenty of benefits for big business such as special tax incentives, a strategic location, and logistics infrastructure. It’s why so many of the world’s biggest multinationals—companies like Dell, Caterpillar, and 3M—chose Panama for their regional headquarters. But Panama makes perfect sense for small, cottage enterprises, too.
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