Panama Business and Investment Opportunitiesby Jeff Rodriguez Content Writer
Panama plays an imperative role in exploring the numerous business opportunities for outsiders due to the strapping strength of Panama in all economic areas such as banking, tourism and trading enables the investors and business houses to expand more business opportunities in the country.
Panama, situated on the Isthmus of Panama, a narrow stretch of terrain between the Caribbean Sea and the Pacific Ocean is very much beneficial for new investors. Panama is having the strong working practices as the majority of the public of Panama is English affluent, the timings of the working hours in Panama is flexible with regard to the timing of foreigners. The structure and hierarchy in Panama companies are also very supportive for foreigners as they are highly educated and having the strong ratio of both males and females in the companies. Panama peoples are not distinguishing between personal and professional relationship as they are highly patient and always shows willing towards their word.
Panama Business is having the strong benefit as an Offshore Jurisdiction. They don’t have any capital gains tax, no interest income tax, and no inheritance tax. Panama is having the most favorable incorporate laws such as no reporting for any of the non- resident Panamanian corporations, the Panama corporations directors, officers and shareholders may be of any nationality and resident of any country and the most important is that any of the corporations commencing any of the business outside of Panama do not require a commercial license for offshore business activities.
The Panama government has laws the simple laws for foreigners which can easily enable an individual to earn Panama second passport (2nd passport) or residency in Panama. The law is designed to boost the economy and in this case, more specifically to promote foreign investment in Panama. This is also referred as “Panama Instant Passport Program”, (PIPP).
Panama is having the no currency controls as funds can be flow easily inside and outside the country. They are using the U.S. dollar as a trading currency with no restrictions on monetary remittances abroad dividends like interests, branch profits and royalties. It also helps to control the inflation under 2% for the last 40 years. This also prevents the country from any kind of economic shocks.
Panama is rated as the strongest country in terms of their efficient banking and corporate book secrecy laws in the world. In Panama, disclosing anyone’s banking information to third party is a crime as Panama Corporations offer "Bearer Shares", allowing all the shareholders to maintain 100% anonymity and secrecy. The most important benefit of any of the foreign investors to set up their business operation in Panama is that they offer stable government with strict Roman laws. They don’t have any military but still they have the lowest crime rates.
Panama invest in official communication channels and infrastructure. The communication system is having the similar infrastructure as we have in any of the developed countries such as the U.S., U.K and Canada with world class companies in communication systems offering all the useful facilities such as mobile services, internet, fax and other important services. Moreover, Panama is situated at the narrowest point of the Central American Isthmus, which ensures easy trading with the continents of North and South America.
Thus, all these above mentioned features make the businesstrouble-free in Panama and also allow the new investors to expand their operations in the same country.
Created on Dec 31st 1969 18:00. Viewed 0 times.