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INVESTMENT: LEGAL & FINANCIAL ADVICEPanama is a country that offers an appropriate legal, tax, financial and environmental framework for those who wishes to live or invest in it. Its superb geographic location in the Centre of the Americas; the Panama Canal extensión; financial stability (united states dollar as legal tender and currency); International Banking Centre; Colon Free Zone; (most biggest of the occidental hemisphere and second after Hong Kong); boom of construction and tourism (buildings, resorts that combine living, business, rest, beach and sports) and flexibility in visas for retired and pensioned people (many of foreigners in this condition had choose it as best second home for a living) make possible a fluid and successful international commerce. In the last years many millionaire businesses had been done and it is an example of the investor´s trust in Panama. In concrete, Panama´s economy grew at 8.3% during 2006 and with superavit of 0.5% in relation to its GDP.
INVESTMENT PROTECTION IN PANAMAPanama´s legislation protect foreign investment through the following laws: - Law No. 32 of 1927 - Law No. 54 of July 22nd of 1998 - Ley No. 19 of January 8th. of 1996 - Ley No. 27 of July 7th of 2000
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Tax reform of law No. 5 of February
6th of 2006 For more information about any advice in Investments go to our section CONTACT US We´ll help you out with your next decision about investing outside your country. |
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