Panama: More Companies in the SEM Regime

Six new foreign companies will be establishing their regional headquarters in the country, under the conditions of the Multinational Company Headquarters regime in Panama.

Monday, December 11, 2017

From a statement issued by the Ministry of Trade and Industry:

MICI 11-12-2017.  Confirming once again the competitive advantages offered by the Panamanian isthmus as the great connection of the Americas to the world, six new companies will be establishing their regional headquarters in Panama, with a direct investment -only in its first year of operation under the SEM regime. - of more than four million dollars and the creation of some 200 jobs. 

The new SEMs are the consortia: Athens PVT Limited (owner of department stores Alis), Elite Flower Group (producers and marketers of flowers, plants and fruits) Grünenthal Pharma GmbH & Co. Kommanditgesellschaft (marketing and distribution of pharmaceutical products), Svitzer (world leader in towing services for ports and terminals - an independent company of the Maersk group ), Ernst & Young (audit, tax, consulting and advisory services) and Grupo Roble (Multi Plaza Mall)

Read full release (in Spanish).

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More on this topic

More SEM Companies Arrive in Panama

November 2019

So far this year, 17 new company licenses have been approved in the country under the Multinational Companies Headquarters regime, a figure that is higher than the 7 that were reported throughout 2018.

In addition to the 17 companies that already obtained their licenses in 2019, there are 7 other companies that are in the phase of evaluation by the Commission of Headquarters of Multinational Enterprises of the Ministry of Commerce and Industry (MICI).

New SEMs are Registered in Panama

August 2019

Millicom CAM SEM, S.A. and Upfield NL Holdings Two B.V., were the companies that were recently established as Multinational Companies Headquarters in the country.

From the MICI statement:

MICI 13-08-2019. The Commission of Headquarters of Multinational Enterprises (SEM) of the Ministry of Commerce and Industries (MICI) recently approved the establishment of two new multinationals in the country, after complying with all the requirements set forth in the Law.

Panama: Six More Companies in SEM Regime

November 2016

Grupo Lala, Pandora and The Estee Lauder Companies are three of the companies who have requested approval to start operations under the SEM regime in the first half of 2017.

Prensa.com reports that "...The other companies that operate under the Multinational Enterprises Regime (SEM by its initials in Spanish) are Hazama Ando Corporation from Japan (advice on general construction and civil engineering services); Mondo Ibérica, S.A. from Spain (sports center facilities, from artificial turf, seating systems, to pavements, etc.); Elbert Software, from Argentina (licensing, import and export of enterprise application software and IT security)."

Panama: More Companies Under the SEM System

June 2016

At the close of the first semester 13 new licenses will have been approved giving foreign companies the ability to operate under the Site of Multinational Corporation regime.

The companies that requested permission to set up in the country under the Site of Multinational Corporation (SEM) regime come from the United States, Denmark, Scotland and the Netherlands, among other countries, explained Trade Minister Augusto Arosemena.

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