Committed to Business

Panama top bankers, lawyers, tax, business in English

Panama’s constitution recognizes that foreigners and Panamanians are equal and enjoy the same rights, aiding in the business success to the nation’s prosperity. This is why Panamanian political leaders are committed to developing key industries, such as finance, trade, shipping, infrastructure, real estate, hotels & resorts as well as encouraging more direct foreign investment into mining, petroleum, energy and ports & logistics services. Over the past years, both government and opposition have worked hand-in-hand to create the right legislative and regulatory framework for all these sectors to grow and prosper.

Business in English

International Panama uses English as an official language, alongside Spanish. Use of English is universal, making Panama instantly accessible to anyone conversant in English. Many Panamanians also speak a third language, usually Italian, German or French.

Top Quality Service Providers

Panamanian professionals such as bankers, tax advisors, legal practitioners and accountants are recognized to be among the best in the world, and their excellent reputation has expanded Panama’s product-offering as a wealth management center. A number of family offices have already chosen to locate their operations or certain functions to Panama. The country’s prudential regulatory and supervisory system, under which trustees and other investment services providers have to be licensed, gives comfort to the families by ensuring certain standards are met. With its excellent reputation for high standards of regulation and supervision, competitive costs and a highly educated workforce, Panama is prepared to satisfy the most diverse and sophisticated customer requirement.

Tailor-made Structures

Panama’s strengths as a wealth management center lie in the foundations of its thriving finance center, which offers a wide range of investment vehicles including investment funds and trust companies. The country’s excellent physical and legal infrastructure has also been bolstered by seasoned professionals with a proven track record in structuring customized solutions and offering innovative approaches.

Economic Power

Panama has been one of the fastest growing economies worldwide. Average annual growth was 5.6 percent over the last five years. The country ranks as the second fastest growing economy in Latin America and the Caribbean (surpassed only by St. Kitts and Nevis), in an environment where public investments have been high and private investment has remained strong.
 
The real Gross Domestic Product (GDP) grew 3.7% at the end of 2018. The most outstanding economicactivities were: Transportation, storage and communications, due to the dynamism of the activities of the Panama Canal and telecommunications.

 

The Business Panama Group provides you our well-known One Stop Shop services to assist you in all your business needs. For more information contact us.

 

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