Panama following in the steps of Singapore

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.

Tuesday, September 23, 2008

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.
The law - known as the Special System for the Establishment and Operation of the Headquarters of Multinational Companies (SEM) - seeks to drive and strengthen the geographical position of Panama, in order to generate a positive impact in the development and creation of quality jobs.

More on this topic

Panama: More Companies in the SEM Regime

December 2017

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

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. 

More Flexible Rules to Attract Foreign Companies

September 2017

Within the conditions to operate under the Multinational Enterprise Headquarters regime in Panama, the requirement for a worldwide number of employees has been changed to instead include a requirement to have a presence in more than 40 countries.

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

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 starts campaign to attract investment

January 2009

The Ministry of Commerce released the fiscal benefits for multinational companies that set up in Panama via a International Publicity campaign.

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

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