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

Laestrella.com.pa 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 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:

Panama: Pharmaceutical Company Enters SEM Regime

July 2017

GSK has obtained a licensed to operate under the Multinational Enterprises Branch scheme.

Sridhar Venkatesh, vice president and general manager for Central America and the Caribbean, explained to Laestrella.com.pa: "... from our SEM office we will run the site our Pharmaceutical Division for Central America and the Caribbean and the site for our Demand and Substitution hub for Latin America. With this opening, there will now be more than 300 jobs that will be generated in the country.  The projected investment for this project over three years is approximately $2 million."

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.

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