The economy of Panama is based on a very well developed service
sector, the core of the service sector is the Banking, the Panama
Canal, the Colon Free Zone, the insurance, container ports,
flagship Registry, medical and health, Legal Services, growing Real
Estate market, an others.
The fact is that Panama is a growing economy and the main advice
for the new investor is to keep an open mind, be aware of the
opportunities that usually are hidden behind challenges and work to
blend in to the Panamanian business culture.
As a matter of references, the Gross Domestic Product (GDP) of
2007 to 2014 has been an average of 10.1%, positioning Panama as
the fastest growing economy in LATAM.
We are open, we are open to other nationalities, we are open to
new business, we are open to new ways to do business we are a very
international, open minded people.
Panamá is in the unusual positon of having a substantial
financial services sector being a dollarized economy.
Panama is a territorial basis taxation country, so taxes apply
only to income or gains derived through business carried on in
So be brave and explore Panamá.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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