Over the years, Panama has gotten a lot of attention in its attraction of foreign investors, foreign retirees and international business corporations (IBCs) . Its prime geographical location has always made it an ideal trade hub, connecting shipping freight from one part of the world to another. Its mild climate, rich culture, beautiful scenery,

International trade plays an important role in Panama’s economy. For many years, Panama has had trade agreements with Taiwan. On July 9th, however, Panama severed ties with Taiwan and struck a trade agreement with The People’s Republic of China. It took two months of negotiations to make the trade deal happen. With this free trade

Panama is one of the top business-friendly countries in the world with a thriving economy, a plentiful and educated workforce and business friendly policies such as low business taxes and tariffs. With many international companies moving to Panama, the government has taken measures to help businesses protect their patented products and branding through an easy

Panama has the largest number of registered vessels in the world, with more than 8,100 vessels, yachts, fishing boats, tankers and cargo ships registered under its flag. The weight of all the vessels registered in Panama is around 81 million tons, which account for almost 22% of the tonnage of all ships in the world.

In today’s political and economic climate, you may be aching to escape and find somewhere new to live. And you wouldn’t be alone in those thoughts! More people than ever are packing up and moving to new countries to experience different culture, food, and people. If you’ve ever thought about doing this, you might want

Panama is a great place for offshore businesses. Panama’s friendly business environment, strong economy and large workforce make it an ideal place for foreign companies to do business and base their operations. While the government has revised and laxed the rules and regulations for foreign off-shore businesses, there are still requirements and laws that every

You’ve just made it through the process of setting up a company or foundation in Panama. You’re excited to start business. What will happen to the money that you’ll make? How will you reinvest your profits into your Panamanian company or foundation? You’ll need to open a corporate bank account. Since your business has been

Are you happy with your company’s or foundation’s resident agent? Does he or she show incompetence concerning various business law topics or has a history of bad communication skills that have led to disastrous lawsuits filed against your company? The legalities concerning the proper functioning and responsibilities of an international company are even more complex.