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 Opportunity Knocks: Business HQ in Panama 2008-03-06 08:00:00 

Top Ten Reasons to Choose Panama for your Business Headquarters


Panama offers the best tax incentives known to the world. The key phrase here is: 0% Taxes and 100% opportunities . The Colon Free Trade zone is the largest duty free zone in the Western Hemisphere - second only to Hong Kong. All manner of business can be conducted here quickly and with minimal overhead expenses. Panama laws and procedures make it very easy to get started.

Panama´s Tocumen Airport is the air travel hub of the Americas. There are nine direct flights from the U.S. arriving daily. You can easily commute from your HQ in LA or Miami to Panama City - in under 5 hours.

The U.S. Dollar is King in Panama, which contributes to the stable economy. Any form of currency can be changed to a Dollar Bill, securing world investment and increasing interest in Panama as a place to live. The middle class is growing strong in Panama, with unemployment at its lowest point in 30 years.

The Banking Center conducts business privately. You have over 80 Banks to choose from, and all your information is private and secure. The banks are experts in all manner of financing. Free banking is commonplace.

The infrastructure and telecommunications are the best in all of Central America. Because of former U.S. control of the Canal, all types of buildings, fiber optic cables, and airports are in full working order and are well-maintained. You´ll be surprised at the modern infrastructure and tall skyscrapers all within a stone s throw of the Panama Canal, or the Panama countryside.

Labor is cheap in Panama. The minimum wage has just been raised to $310 a month for small businesses, and $325 for large. For skilled technical labor, the average hourly wage is $3. Roughly 15% of Panama´s population is bilingual, with many expatriates arriving and seeking employment. Competitive salaries for skilled bilingual employees begin at $800 a month plus benefits.

Panama is an unspoiled tropical play land. More than 170 world records in sport fishing have been broken here, and 40 are still currently held. Virtually undiscovered, the beaches are not crowded, the water is clear; the land is pristine; the waterfalls are incredible, and the mountaintops refreshing. Surfing. Golf. Birdwatching. Eco-tours. Whatever your preference, in Panama you can truly relax and feel at home.

Panama has more than one thousand miles of coastline with nearly 1000 beaches. Great Pacific or Caribbean property is easy to find. It becomes even easier as the drive from the Caribbean to Pacific coasts is under two hours.

Panama has gone to great lengths to make certain foreigners can easily acclimate in the country in terms of Panama lifestyle, business and travel.

The sky is the limit in terms of opportunity. With the Free Trade Agreement, Canal expansion, and real estate boom, what´s stopping you? Think Panama!

For All your Panama Investment, Lifestyle or Real Estate needs contact Douglas M. Choy at ThinkPanama.com. They will be happy to provide any guidance and information you may need.

Contact: dchoy@thinkpanama.com

U.S. Direct: 407 641-5747 - Panama: +507 260-4000


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