Panama starts campaign to attract investment
The Ministry of Commerce released the fiscal benefits for multinational companies that set up in Panama via a International Publicity campaign.
Wednesday, January 7, 2009
Laestrella.com.pa published that "The Multinational Companies Headquarters (SEM) allows foreign economic groups to expand their businesses from Panama via branches or subsidiaries.
New licenses have been approved for five multinational companies in the finance, engineering and customs security sectors, who will operate under the incentive scheme of Act 41 of 2007.
With a system of laws to generate competitiveness and legal security for multinational companies, Panama is on its way to repeating the experience of Singapore and Switzerland.
Migratory and tax benefits have been Established for foreign staff of multinationals based in Panama.
Faced with an inevitable slowdown, Panamanian real estate operators are looking for new buyers in Asian TNCs.
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