Panama and its Strategy to Attract Investments

Encouraging investments in free trade zones, increasing the number of new headquarters of multinational companies and strengthening diplomatic relations with Asian countries, are some of the stakes of the Central American country.

Wednesday, April 10, 2019

Taking advantage of the competitive position in terms of connectivity and logistics is the main offer of the Panamanian economy for companies from all over the world to settle in the country.

See "Logistics: Business Stolen from Panama?"

Néstor González, Minister of Commerce and Industries, told Panamaamerica.com.pa that "... Panama is betting on connectivity issues, free zones, product distribution and the establishment of new headquarters of multinational companies (SEM). We want Panama to be a spearhead for all companies around the world, so that they can settle here and take advantage of the connectivity offered by our country."

The article adds that "... Panama's new foreign policy strategy is aimed at strengthening diplomatic relations with countries in Asia and the Middle East, including the United Arab Emirates (UAE).

You may be interested in "Logistics: Can Competitiveness Be Restored?"

Regarding Panama's pending logistical issues, the authorities believe that it should invest in infrastructure to improve the connection between the country's main ports, since it is one of the most determining factors for the economy to recover the competitiveness that has begun to lose regionally and globally.

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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 Rules for SEM Companies in Panama

July 2018

Having a minimum of five full-time permanent employees is one of the requirements that companies must meet in order to obtain a Regional Offices of Multinational Corporations license, if a bill from the Varela administration succeeds.

The bill presented by the Ministry of Commerce and Industries (Mici) to the National Assembly contemplates, among other things, the new conditions that must be met by companies seeking to obtain a license as Regional Offices of Multinational Corporations (SEM by their initials in Spanish). In addition, it details a proposed law reform, under which companies must generate annual operating expenses in the country of at least $500,000.

El Salvador Opens Commercial and Tourist Office in Panama

March 2016

The aim is to strengthen trade relations and generate new business opportunities between the two countries.

From a statement issued by the Tourism Authority of Panama:

The Deputy Minister of Foreign Affairs, Integration and Economic Development of the Republic of El Salvador, Carlos Castaneda, today inaugurated, together with the General Manager of the Tourism Authority of Panama, Gustavo Him, an office for Economic, Trade and Tourism matters in the Republic of Panama.

Logistics Congress in Honduras

April 2015

From 18 to May 20 Latin American companies in logistics sector will be meeting in Honduras to discuss issues on regional trade and business opportunities in the supply chain.

The 32nd edition of Alacat will be held on the premises of the Chamber of Commerce and Industry of Cortés (CCIC) and its main objective is to present "...

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