Expanding Business Overseas
in Panama

Panama is the fastest-growing economy in Central America, due to its stable democracy, solid legal framework and dollar-based economy. In 2007, the country experienced 11 percent economic growth, a trend that’s been accelerating every year since 2003.

Expanding business overseas in Panama has never been more advantageous.

The Panama Canal

A $5.25-billion canal improvement project is currently underway to assure access to even bigger cargo and increased traffic volume. Today, about 5 percent of the world’s commerce passes through the canal, and that number is rising daily. Click here to learn more.

Dramatic Real Estate Growth

With 1.5 million residents and more companies moving business overseas every year, Panama City is a thriving urban center experiencing a major building boom, driven by offshore tax breaks, vibrant culture and other benefits for those expanding business overseas. Its skyline is punctuated by 250 high-rise office and condominium towers, and resembles other major seaside hubs, such as Singapore and Dubai.

Although Panamanian real estate is thought by some to be undervalued, those values are rising as international companies continue expanding business overseas in Panama to tap the educated workforce, low cost of living and offshore tax breaks.

A Proximate Location for
Moving Business Overseas

Situated directly across the canal from Panama City, Panama Pacifico takes advantage of the capital’s airport and established commercial base, while remaining free of traffic and congestion. The new planned development is being built with a modern-day perspective for an ideal balance of commercial, retail, residential and recreational elements. The canal and airport’s proximity make expanding business overseas in Panama simpler and more convenient than most international locales.

Increase in Tourism

In 2003, tourism topped trade as the country’s major source of revenue. Panama anticipates hosting over one million visitors annually, especially with 200 cruise ships headed for Panama in the coming year. Tourism-related services and accommodations are encouraged by government incentives in a number of designated areas, called Special Tourism Zones.

According to Panamá América in 2008, a 16 percent increase is projected in 2008 air traffic for Panama City’s Tocumen International Airport.

Click here to read more about advantages and cost of living.