TKEG Expat ™ Business Guide

Republic of Panama

Corporate Services in Panama
Tax Incentives:

Panama provides significant tax incentives for companies operating overseas, including no overseas income tax, capital gains tax (except for real estate sales within Panama), and stock issuance tax.

Favorable Corporate Laws:

Panama's corporate law allows for "bearer shares," company directors can be from any country, the cost of establishing a company is low, and it provides the right to establish private interest foundations.

Low Labor Costs:

In comparison to North America, labor costs in Panama are significantly lower. The cost of unskilled labor is approximately $3 per hour, while the costs for executive and managerial positions are usually 60-70% cheaper in Panama.

World-Class Banking System:

Panama is a global leader in the banking industry, providing support for businesses, issuing credit exceeding any other country in Central America, and due to the numerous banking institutions, the interest rates are highly competitive.

Administrative Regions

1 - Bocas del Toro Province
10 - Panamá Oeste Province
2 - Coclé Province
3 - Colón Province
4 - Chiriquí Province
5 - Darién Province
6 - Herrera Province
7 - Los Santos Province
8 - Panamá Province
9 - Veraguas Province
EM - Emberá-Wounaan Comarca
KY - Guna Yala
NB - Ngöbe-Buglé Comarca

Belonging Jurisdiction

Republic of Panama
PA - Panama
Republic of Panama
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