Panama, known for its famous canal, is not only a pivotal maritime route but also a flourishing hub for international trade and business in Latin America. With its dollarized economy, strategic geographic position, and favorable corporate laws, Panama attracts businesses and investors seeking a gateway to both North and South American markets.
Located at the crossroads of the Americas, Panama offers unparalleled access to major global shipping routes, enhancing trade and logistics operations.
Panama's economy is one of the most stable and fastest growing in Latin America, buoyed by sectors such as logistics, banking, and tourism.
Panama has simplified processes for business registration and operation, making it easier for foreign companies to set up and expand.
Known for its competitive corporate tax structure, Panama also offers various fiscal incentives, especially in areas like the Colon Free Zone.
With an established presence of multinational corporations, Panama provides a vibrant business ecosystem and networking opportunities.
The process of establishing a company in Panama is streamlined to support both local and foreign investments. Here are the key steps involved:
Incorporate your business by registering with the Public Registry Office, choosing from types like a Corporation (Sociedad Anónima) or a Limited Liability Company.
Secure the necessary business licenses from the Ministry of Commerce and Industries, depending on your company’s activities.
Ensure your business adheres to Panamanian laws, including labor regulations and environmental guidelines.
Open a corporate bank account to facilitate your business transactions, leveraging Panama’s robust banking sector.
Register with the Dirección General de Ingresos (DGI) to obtain your tax ID and comply with local tax obligations.
Nova Citizen provides tailored services to help businesses efficiently navigate the setup process. Our services include:
Expert guidance on the optimal legal structure for your business, considering your specific needs and business goals.
Assistance with all aspects of compliance, from licensing to ongoing regulatory affairs.
Advice on tax planning, accounting, and financial best practices in the country's market.
Support in obtaining necessary work permits and visas for your team, along with other HR-related services.
Panama offers a dynamic and business-friendly environment, making it an attractive destination for entrepreneurs and companies looking to tap into the Latin American and global markets. Nova Citizen is ready to guide you through every step of your business journey in Panama, ensuring a smooth and successful setup.
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