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 published that "The Multinational Companies Headquarters (SEM) allows foreign economic groups to expand their businesses from Panama via branches or subsidiaries.

Since Law 41 was approved in 2007, 17 companies with this type of license have been set up in Panama, and three are in the process of getting the authorization to establish their subsidiaries."

More on this topic

More Multinationals in Panama

October 2014

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.

The companies which were recently authorized to operate under the Law of Multinational Companies come from countries such as France, South Korea, Switzerland, China and the Netherlands.

Panama following in the steps of Singapore

September 2008

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.

Panama is strengthening its strategic position in Latin America as a commercial, banking, insurance, and logistical center by starting to repeat the first fruits of Law 41 (from August 2007), which provides incentives to international companies to set up their regional headquarters in the country.

New Multinational Incentive Act Approved

August 2012

Migratory and tax benefits have been Established for foreign staff of multinationals based in Panama.

The approved changes have also given rise to the "Licensing Commission for Multinational Corporations, hereinafter the Commission, as a consultative and advisory body for the establishment of Multinational Corporations, which will be attached to the Ministry of Commerce and Industry", and that aims to streamline the procedures for installation of multinationals.

Asia as a Real Estate Market

May 2009

Faced with an inevitable slowdown, Panamanian real estate operators are looking for new buyers in Asian TNCs.

Sales have fallen by up to 40% in the housing sector and it is necessary to explore other market niches to offer existing inventory and continue growing.

Taking advantage of the incentives that Law 41 provides to firms that locate their regional headquarters in Panama, the Panamanian Association of Real Estate Brokers (ACOBIR) is making efforts to cultivate partnerships with real estate associations in other countries.

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