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Why Start a Business in Panama?	2008-03-03 14:30:00
What do Panama investment and business opportunities offer you? Panama s investment and business climate is currently one of the best in Latin America. It is attracting a full range of investors from Fortune 500 companies to entrepreneurs. Why? An investment in Panama allows you to achieve long-term stability and a profitable ROI in a business-friendly country. That is what you are looking for, right? Investment in Panama ? How can you make money? When choosing your business in Panama, there are a lot of options. Proven sectors include: Panama real estate and ongoing Panama property management. Panama travel and tourism. Regional headquarters for multinationals. Ports and marine services. Information technology, communications and call-center services. Construction materials and equipment. The Colon Free Zone. The Panama-Pacific Special Economic Area [formerly Howard Air Force base] . Clean energy and reforestation. Panama Canal expansion. Your Panama investment - Why is it better than other countries? When you invest and do business in Panama, your success is hedged by several factors. Briefly, these include - use of the U.S. Dollar, the same rights as Panamanian nationals, ready access to investment capital and mortgages, investment stability protection, low or no tax on profits, sector-specific investment incentive laws and a bilingual [English-Spanish] work force. Also, Panama has been an offshore domicile since 1920. Does investing in Panama sound too good to be true? Here is what the experts are saying about Panama investment. PANAMA CITY, Sept 19, 2007 [Reuters] - "Foreign direct investment to Panama grew to $598 million...up 19.4 percent in the first six months of this year compared to the same period in 2006, the government said on Wednesday. Foreign direct investment is one of the principal drivers of Panama`s booming economy, which according to the U.N. Economic Commission for Latin America and the Caribbean [ECLAC] will have the highest growth rate in the region this year." Latin Trade Magazine states, the economy boomed, posting 8% growth last year and averaging 7.4% per year [since 2004], including a 2007 estimate of 7%. Foreign investment spiked as well, up 150% to US$2.60 billion [including the $1.80 billion takeover of Banistmo by HSBC]. William A. Eaton, U.S. Ambassador to Panama is quoted, During the last two years I have witnessed significant moments in the history of Panama: The referendum to approve the Panama Canal Extension, the signing of the Trade Promotion Agreement [TPA], and the initiation of the Canal expansion, to give some examples...The economy of Panama is the envy of many with a growth of almost 10 percent this year. Commerce, tourism, banking, and construction are on the rise Panama has become one of the main [transshipment and multimodal] hubs and service centers in the world. Impressive stats, to be sure. And what more could you ask for? Live like a King, make even more money...in Paradise. Think Panama! For All your Panama Investment and Business 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 CLICK for LIVE CHAT!

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