Panama
eBizguides Panama
The ideal location for commerce, trade, and tourism.
Le guiaré a lugares increíbles
The concept of eBizguides
eBizguides aims to provide on-the-ground information about the country economic performance, the main investment opportunities and acute business intelligence research about who are the leaders and influencers of the country and which are the top 100 companies. All you need to know about doing business in a country and in a unique publication that also includes a small tourism guide. eBizguides are the world's leading business intelligence guidebooks. Click to read more.
Highest economic growth
Panama’s investment climate is generally positive. The country’s sterling economic success is based on a strong macro-economic policy and excellent management of the Panama Canal and associated transportation services. Panama has enjoyed some of the highest economic growth in Latin America in the past decade, and most observers predict continued strong growth in the years ahead due to stable and consistent macro-economic policies.
Political, social and economic stability
Panama possesses a privileged geographical location that has allowed it to become one of the most important logistic centres of the Western Hemisphere for the storing and distribution of world cargo. The country has a bridge for the mobilization of passengers to the entire American Continent and facilitates efficient and modern communication services. With a service vocation and as a commerce promoter, both nationally and internationally, Panama enjoys political, social and economic stability.
INVESTMENT
All national and foreign entities have equal rights under the Panamanian Constitution and must fulfill the same basic requirements to organize and operate business activities in Panama. However, there are restrictions for foreigners operating retail trade activities as well as certain professional
practices. Individuals may engage in business activities under their own names or through legal entities. The following are the different types of legal entities that may be formed, based on Panamanian civil and commercial laws. A foreign entity may also redomicile in Panama or open a Panamanian branch: · General partnerships (“Sociedades Colectivas”): Partners responsibilities are unlimited, unless the partnership instrument provides that a partner will be liable only for a limited sum (which cannot be lower than her/his contribution to the partnership). · Simple limited partnerships (“Sociedades en Comandita Simple”): Limited partnerships with general and limited partners. General partners share management responsibilities and are jointly liable for partnership debts. Limited partners are liable only up to the amount of capital that they have invested. · Joint-stock partnerships (“Sociedades en Comandita por Acciones”): Limited partnerships, similar to simple limited partnerships, but with the partners’ capital represented by shares. · Limited liability companies or LLC (“Sociedades de Responsabilidad Limitada”): Under this form of organization, liability of shareholders is limited to the individual capital participation.
practices. Individuals may engage in business activities under their own names or through legal entities. The following are the different types of legal entities that may be formed, based on Panamanian civil and commercial laws. A foreign entity may also redomicile in Panama or open a Panamanian branch: · General partnerships (“Sociedades Colectivas”): Partners responsibilities are unlimited, unless the partnership instrument provides that a partner will be liable only for a limited sum (which cannot be lower than her/his contribution to the partnership). · Simple limited partnerships (“Sociedades en Comandita Simple”): Limited partnerships with general and limited partners. General partners share management responsibilities and are jointly liable for partnership debts. Limited partners are liable only up to the amount of capital that they have invested. · Joint-stock partnerships (“Sociedades en Comandita por Acciones”): Limited partnerships, similar to simple limited partnerships, but with the partners’ capital represented by shares. · Limited liability companies or LLC (“Sociedades de Responsabilidad Limitada”): Under this form of organization, liability of shareholders is limited to the individual capital participation.
Partner Companies
Panama
In 1948, the Republic of Panama began a project to solve two basic needs at both the national and international levels. The first was the modernization of the economic service sector and the second, a mechanism to streamline regional commerce on a larger scale. The Colon Free Trade Zone was established and is one of the pillars of the Panamanian economy today. The "Zona libre" of Colon is a commercial showcase par excellence for the whole continent. Imports and exports registered in the Colon Free Trade Zone surpass 5 billion dollars annually, directed towards a market of over 525 million consumers. It is a wholesale distribution centre where goods of all kinds, including raw materials and machinery, may be imported, stored, modified, distributed, processed, assembled, repackaged, and then reexported without being subjected to custom duties.The zone is located 50 miles north of Panama City, just one hour by car.
