| Panama is a country that stretches out in a rich native | | | | constitutional amendment, supervises by US Security |
| heritage. It possesses a number of enthralling places | | | | forces). |
| that reels in countless tourists and regular holiday | | | | Panama houses over 500,000 corporations and |
| makers every year. | | | | foundations, making it the second largest jurisdiction in |
| Moreover Panama is also cited to be an ideal address | | | | the world after Hong Kong. If you are looking to invest |
| for retired professionals from neighbouring countries | | | | in Panama, you might be glad to hear that with 2000 |
| such as the United States and United Kingdom to | | | | import/export business operating in Panama; it is the |
| spend their pensioned years in wholesome serenity | | | | world's second largest trade free zone. Businesses |
| and bliss that Panama also has to offer. | | | | which invest in Panama can make the most out of the |
| Owing to the increasing numbers of tourists and | | | | export/import policies practised in Panama, as duties |
| foreign dwellers, more and more businesses are now | | | | are not levied on the export and import of goods. |
| seeking to invest in Panama. Below I shall discuss | | | | 3. The economy of Panama is regarded as one of the |
| some of the main aspects that make Panama an ideal | | | | most prosperous, advanced and stable economies in |
| place to set up your next business: | | | | Latin America. Investment in Panama might be very |
| 1. Non-resident international businesses are not liable to | | | | favourable for businesses as the inflation rate in |
| pay taxes on the total assets owned and profits | | | | Panama as been under 2% in the last 40 years. During |
| made when operating in Panama. However you must | | | | the Asian currency Crisis, Panama remained |
| pay taxes to the government of your country on | | | | unharmed. |
| money (salary or capital gains or tax-advantaged | | | | Panama is also a major hub on the Global Crossing |
| dividends) that you are paid by your Panamanian | | | | optical fibre backbone, which means that internet |
| business or corporation. | | | | access is readily available anywhere in Panama, and is |
| In some instances your business can even bear some | | | | remarkably fast! This can serve as an added value for |
| of your expenses, through considering them as | | | | your business, especially if it is an online based |
| legitimate business expenditures. The Panamanian | | | | business. |
| government does not ask to collect sales tax from | | | | 4. A low cost of living, means that minimum rates of |
| customers, and there are no Tax reporting | | | | pay are reasonably low, in contrast to UK and US |
| requirements on businesses operating in Panama. No | | | | countries. You will come across many potential |
| capital gains tax, no stock sale or transfer tax, no | | | | workers who are educated, honest, reliable and diligent |
| property tax, no tax on interest income and no gift tax. | | | | towards their work, and will be able to handle your |
| Investing in Panama couldn't get any better! | | | | business very well. |
| 2. Panama possesses one of the most stable political | | | | Panama is undoubtedly a potential candidate for the |
| governments in Latin America, and has been run under | | | | next major business capital of the world. So what are |
| the same corporation law for the past 70 years. | | | | you waiting for? Choose Panama for you next |
| Panama's army was abolished in 1994 (via | | | | business investment today! |