A Portal to Your World
In addition to the benefits of the Panama Canal, which opened in 1914, this region of the world has offered vital services to global commerce and cultural exchange. Panama’s advantages include location, stable leadership, solid infrastructure,
offshore tax savings and a dollar-based economy that fosters a 6 percent annual growth in gross domestic product and provides a world-class business and residential environment.
Panama Benefits from a New,
Vibrant, International Community
Panama is ready to take the next step in its ascension onto the world stage with the development of Panama Pacifico, a monumental, new, mixed-use destination on the Pacific Rim of the Panama Canal. Welcomed by both the Panamanian government and its people, Panama Pacifico will encompass commercial, retail, residential and recreational facilities, bringing international businesses unrivaled advantages and residents an unmatched lifestyle.
Traversed by about 13,000 ships each year, the Panama Canal is an essential resource to world commerce and regional stability. Panama benefits from the canal’s financial resources and decided reputation while local businesses benefit from an international connectivity and proximity to substantial commerce.
Panama Advantages
Benefits of the Panama Canal, substantial offshore tax savings and the new opportunities afforded by Panama Pacifico are just a few of the Panama benefits enjoyed by those who move business to this growing region.
Some additional Panama advantages include:
- 11 percent GDP growth in 2007, continuing a trend of 6+ percent every year since 2003 - Business Panama, Bear Stearns
- Headquarters of 80+ banks with $68B in assets
- One of the world’s most active ports with 4M TEUs* annually
- 14+ percent of the population speaks both English and Spanish
*20-foot equivalent units