3/12/2024 0 Comments Sociedad en nombre colectivoPanama Company Incorporation – Doing business in Panama The expansion project of the Panama Canal contributed to maintaining stable economic growth, and the government has announced major projects such as the construction of Metro City, the construction of a residential complex for Curundú (an undeveloped neighbourhood in the centre of the city), and jobs that have already been provided, among others. Panama’s economy is based on the operations of the Panama Canal, tourism, banking, the Colon Free Zone (which is the second-largest free-trade zone in the world after Hong Kong), insurance and ship registration, medical, health, and other businesses. Panama’s unique geographical position and its opportunities to participate in a number of significant projects aimed to further improve its infrastructure continue to attract new investors and visitors to the country each year. With the decrease of income tax for companies and individuals, the government hopes to attract more investors to register a company in Panama. Panama is located in Central America, situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean to the north and the Pacific Ocean to the south.
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