LATAM: Foreign Investors Survey 2017 ttitude Consulting
PANAMA
Greater Attractions
Panama Canal, Colon Free Zone( Free Zone offers many jobs for foreigners and nationals).
Political Risks?
Stable democracy. Good promotion of foreign investments.
Adequate Labor Laws?
Attractive. Foreigners can acquire a permanent residence and work permits according to the investments made in the country.
Adequate Transparency and Corruption Framework?
Appropriate framework, with anti-corruption laws and regulations and treaties protecting the stability of the investment. Rules to protect foreign investment and provide benefits( Multinational Corporations, Trade Zones, etc.).
Suitable Fiscal Framework for Foreign Investment?
Suitable. Fixed and comprehensive laws. Tax exemptions, tax agreements for the consolidation of profits and payments. Tax incentives on reforestation, hydrocarbons, tourism, Export processing zones, Call Centers, Restoration of the Old Town, etc.
Proper Framework for Promotion and Mutual Investment Protection?
Yes. Several standards such as Law 54 of 1998: Legal Stability of Investments and they are applied by special economic areas such as the Panama Pacific Area or the special regime of Multinational Corporations. Agreements with Germany, Argentina, Republic of Korea, Cuba, Chile, Spain, USA, Finland, France, Italy, Mexico, etc.
Advantages of Your country over Others in the Zone
Geographical location, access by land, sea and air; tropical climate all year round, free of natural disasters. Open service economy, trained human resources, dollar as legal tender, an international financial center, world class communications platform, economic, political and social stability.
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Positive Medium Risk Negative