Invest in Panama
If you or your company want to invest in Central America, there is one country that should be in focus: Panama.
Panama has a strong economy based on the US dollar, a stable government, and is involved in many free trade agreements.
Panama has been the melting point of the commerce of America due to the Panama Canal, making it one of the most important commercial areas in the world. It should be noted that Panama has a low cost of living and is very safe.
Panama’s economy is growing and expects growth in the coming years. There are investments in public infrastructure, the exploitation of copper mineral and it is expected to generate significant income in annual exports, which will help boost the country’s economy.
The Panama Canal is an essential piece of world trade and generates approximately 10% of the country’s GDP.
The main activities of the economy are logistics, financial services and tourism.
Panama offers significant tax incentives for businesses, especially in the logistics, shared services, and research and development industries. Panama has enacted new laws, which have favored sectors that are experiencing investment growth such as call centers and reforestation.
Benefits for investors in Panama
The Multinational Headquarters Law has allowed companies to establish headquarters in Panama with the help of tax incentives and also gives the option of bringing foreign workers under a special visa.
Companies in Panama are generally allowed a 10% quota of foreign workers, but that does not apply to these companies under this Law.
The Multinational Headquarters Law gives multinational companies an advantage to invest in Panama.
If you are interested in investing in Panama, contact us, we have specialist Panamanian lawyers ready to help you. Contact us at ba-lawfirm.com or write to us at consultas@ba-lawfirm.com.
