Panama

Panama has a number of laws designed to encourage the development and expansion of local and export industries. Under these laws, considerable tax and other investment incentives are awarded to investors. These incentives are granted primarily in exports, manufacturing, mining and tourism sectors.

Investment Climate

The democratic government of the Republic of Panama, composed by outstanding members of the business and political sectors, has undertaken as its main priority the country's economic recovery through the promotion of foreign investments.

Panama offers a unique business climate for foreign investors. Major factors to be considered are:

• The U.S. Dollar is legal tender.

• Total absence of exchange controls.

• Equal treatment of foreign and local citizens under the Constitution.

• One of the most flexible Corporation's Laws in the world.

• No restrictions on 100% foreign owned investments.

• No restrictions on mergers, acquisitions or joint ventures.

• High percentage of skilled and bilingual labor force. Still high unemployment and thus plenty of available labor.

• Favorable investment and financial incentives.

• Excellent ports, roads, airports and telecommunications.

Please Contact us for further enquiries

hugo@estatescostarica.com