Philips, BMW y Genzyme Set Up Shop in Panama

Electronics corporation Phillips, luxury car maker BWM and Genzyme Corporation labs will install regional headquarters in the country.

Thursday, October 29, 2009

These companies have applied under Law 41, which created a special regime for Headquarters of Multinational Corporations.

"BMW Latin America ... will expand its regional operations, absorbing part of its administrative and operational functions from Venezuela, Brazil and Argentina. Phillips ... will move its administrative operations to Panama. ... they are joined by Genzyme Corporation, a leading Biotech company", reports

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