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.
The square meter overlooking the ocean at the great buildings of Panama City is listed on values between $ 2,500 and $ 4,400.
The cost of living or to have an office in one of the skyscrapers built or which are under construction in Panama City, may seem too high for locals, but for corporate executives who know the price in London or Hong Kong, these prices look like bargains.
Legal tax engineering is a mandatory business practice for anyone who wants to be competitive in today's globalized world, and only those who are not entrepreneurs can afford to refuse to acknowledge this fact.
With the same firmness that we criticize businesspeople who evade taxes or bribe officials to get a contract, we must defend every business practice which is framed within the law to pursue the best use of available resources to generate wealth through the production of goods and services, which is what businesses do.
Infrastructure Project Will Ease Traffic Congestion in Capital City, Reduce Travel Times, Increase Access from Outskirts.
The Multilateral Investment Guarantee Agency (MIGA)--the political risk insurance arm of the World Bank Group--today announced it is supporting the government of Panama's efforts to construct a modern and integrated mass-transit system as a solution to Panama City's urban transportation issues. In connection with the financing plan for this ambitious new infrastructure investment, MIGA has issued a guarantee of $320 million to cover a $250 million loan arranged by Citi Transaction Services and Citigroup Global Markets, Inc (Citi) including interest and other financing costs associated with the construction of Line 1 of the metro system. This project represents MIGA's first coverage of non-honoring of sovereign financial obligations in Latin America and the Caribbean.
At the end of the round chapters were closed on Sanitary and Health Certifications, Investment, Services and Customs Procedures.
Subjects discussed were policy issues related to market access for goods, rules of origin, customs procedures, customs cooperation, sanitary and health certifications, investment, services, temporary visas for businessmen, intellectual property and government purchases.
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NAI Costa Rica is the representative of NAI Global in Costa Rica and Central America, leaders in real estate consulting services worldwide; with 380 offices in 55 countries around the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2228-7760 - (506) 2289-8075
We are a multidisciplinary group specialized in financial and business development consultancy, with special emphasis in the real estate development area.
Operates in Costa Rica
Phone: (506) 8848 2730 - (506) 2233 8848