españolPanama Expects $ 2 billion in FDITuesday, January 4, 2011 The Panamanian government expects in 2011 to capture 2.000 million in foreign direct investment (FDI). This was announced by the Panamanian Vice-Minister of Foreign Trade, José Domingo Arias. Panama: Property Tax Exemption Brought BackFriday, September 16, 2011 This was announced by President Martinelli at the opening of the XXIV edition of Capac’s construction trade fair ‘Expo Habitat.’ The 20-year tax exemption on land tax and building permits has not been applied since June 2009. Panama Implements Strategy for Promoting ExportsMonday, February 8, 2010 The recently created Promotion Agency will focus on boosting sales of traditional export products. These include melon, watermelon, gourd and high-altitude coffee, explained José Domingo Arias, Trade vice minister. Panama Opens Investment "One-Stop Counter"Thursday, September 3, 2009 The project, which could be operating in a month, aims to offer investors all the info they need. This new structure will provide greater transparency to the process and contribute in lowering paperwork. Panama to Host Investor ForumMonday, March 1, 2010 The first International Investment Forum in Panama will be hosted on March 24, under the slogan “Panama: It’s Happening Now!”. Various topics related to investment opportunities will be discussed in it, including agriculture, investment grade, tourism perspectives, logistics, technology, and Panama as a regional centre. Venezuelan Devaluation to Impact PanamaWednesday, January 13, 2010 The Colón Free Zone will be affected, warned José Domingo Arias, Commerce vice minister. Venezuela is one of the leading re-export destinations of the Colón Free Zone. As such, the decision by the Venezuelan government to devaluate its currency by 100% will impact the Free Zone negatively. Juan Carlos Varela is New President of PanamaTuesday, May 6, 2014 The center-right Varela won the election where the differences between the candidates were not about political philosophies but management styles, for which reason it is estimated there will be no major changes in Panama. Varela had been the ally who helped the current President Ricardo Martinelli win previous elections, but there was soon distance between them, with Varelas removal from the office of Ministers of Foreign Affairs, although he retained the formal title of Vice President won in those elections. Panama Betting Big On PineappleThursday, January 7, 2010 With government support, the country has set out to surpass Costa Rica as the leading exporter of the fruit. The announcement was made by José Domingo Arias, Commerce and Industries minister, who explained that the plan includes implementing technologies to increase output and policies to improve commercialization. Taiwanese Entrepreneurs Visit PanamaMonday, July 27, 2009 From August 16 to 19, potential investors from the country will visit Panama to analyze investment and development opportunities. The Taiwanese entrepreneurs are interested in knowing the different investment options Panama has to offer, both for foreign and national investors. Panama: Incentives for Logistics SectorMonday, August 30, 2010 The private sector initiative presented to the government would create "free trade zones" especially for logistics activity. Albert White, a businessman from Panama's logistics sector, commented that in conversations held with the government, the need to modify Law 25 from 30 November 1992 was discussed. This law relates to incentives to exporters, which could be extended to transport, shipping, storage and communication companies in the logistics sector. Philips, BMW y Genzyme Set Up Shop in PanamaThursday, October 29, 2009 Electronics corporation Phillips, luxury car maker BWM and Genzyme Corporation labs will install regional headquarters in the country. These companies have applied under Law 41, which created a special regime for Headquarters of Multinational Corporations. Panama: Near Future Without New TaxesMonday, March 17, 2014 The three presidential candidates at the top of the polls say they will not propose tax reforms during their tenure. Capital.com.pa reports that "The issue was discussed at the last forum organized by the Panamanian Association of Business Executives (APEDA), which evaluated the economic and fiscal impact of electoral promises." Otis Elevators To Open Regional HQ in PanamaThursday, April 8, 2010 The Commerce Ministry of Panama announced that company Otis Elevators will install its regional headquarter in Panama. Otis becomes the 33rd company to take advantage of Law 41 of 2007, which created a special regime for establishing and operating regional headquarters for multinational corporations. Panamanian Logistics Sector in 2011Friday, February 4, 2011 After a good 2010, Panama expects the logistics industry to continue to grow in volume and revenue during 2011. Both government and the private sector are working together to improve conditions which will strengthen the sector's growth. Panama: Draft on Free Zones Law ApprovedFriday, December 3, 2010 The project approved by the Executive establishes a comprehensive and simplified special scheme for establishment and operation of free zones. The initiative, presented by Roberto Henriquez, Minister of Trade and Industry, seeks, among other objectives, to adapt national legislation to requirements of the World Trade Organization (WTO). |
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