Panama looking to become regional leader

Panama, which has already announce measures to promote foreign direct investment, is now seeking to become the regional leader and take lead over its main rival which, in this regard, is Costa Rica.

Friday, September 12, 2008


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Immigration policies implement four years ago by the Government, as will as the elimination of bureaucracy and quicker procedures, and legislation to speed up the establishment of business, have been successful in slowly replacing Costa Rica with regards to attraction of investment.
The measures also include permanent visa permits for investors who have provide evidence of their economic solvency or who have purchased property worth over 200 million dollars (140 million Euros).

More on this topic

Foreign investment in Panama increases 32.8%

October 2008

Foreign Direct Investment (FDI) that entered Panama during the first half of the year reached $100 million.

This is increase is due mainly to the investments and re-investment of earnings by banks with general license that are operating in the country.
The construction sector, expansions, and new port infrastructure, the new cellular bands and the electricity generation projects have also attracted huge volumes of foreign capital this year.

Foreign Investment up 16% in Guatemala

December 2008

This year the flow of Foreign Direct Investment (FDI) continued its upward trend, which has been maintained for the last 8 years.

According to data from the Bank of Guatemala (Banguat), as of November 27, 2008, the FDI was at $759.7 million while for the same period in 2007 it was at $656.1 million.

Increased Foreign Investment in Nicaragua

November 2011

In the first half of the year the country received $199 million more than in the same period last year.

Unlike previous years, Costa Rica is not located at the top of the list of countries attracting the most foreign direct investment in Central America, but has been replaced by countries like El Salvador and Nicaragua, who years ago were at the bottom of the list.

FDI up 30% in Nicaragua

August 2013

During the first quarter of 2013, foreign direct investment totaled $440.8 million, and if this pace is kept up, the year could close at $1.5 billion.

According to data from ProNicaragua, the sector which contributed the most was industry with $131.6 million and growth of 143% compared to the same period in 2012, followed by the financial sector with $96.5 million and an increase of 36% as well as trade and services with $83.4 million and an increase of 151%. The telecommunications and energy sectors, which are often the biggest contributors, contributed $54.8 and $19.2 million respectively.

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Cordero & Cordero Abogados is a general practice law firm which specializes in corporate and commercial issues in Costa Rica.
Operates in Costa Rica
Phone: (506) 2258-2525 - (202) 7422778 (US)

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