HOW TO EXPORT TO PANAMA
Master the keys for your expansion to Panama. Create the necessary strategy to position yourself in the market.
Why export to Panama?
Panama is the geographical center of the American continent and is considered an important center of trade and transit of goods between North and South America. Panama offers an attractive tax regime for foreign companies, including tax exemptions for companies that carry out commercial activities outside the country.
- 4 million
- Flexible economy
- Its currency is the Balboa, but it circulates alongside the US dollar
- Its key sector is services
- Stable market
- Panama Canal Administration
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Opportunity to Business In Panama
This duty-free zone is the second largest free zone in the world and attracts many foreign investors who want to take advantage of tax benefits. Panama is a country with a long history of political and economic stability, which makes it attractive to foreign companies seeking to establish themselves in a safe and stable environment. However, to position yourself in the country you must take into account the following factors.
Difficulties operating in Panama
- The process of creating a business and obtaining the necessary permits can be complicated and time-consuming due to bureaucracy and a lack of efficiency in some areas of government.
- Corruption continues to be a problem in Panama
- Due to attractive location and tax benefits, competition in some sectors can be high
- Although transportation infrastructure is improving, there are still areas for improvement, such as limited access to certain areas of the country and traffic congestion in some urban areas.
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