The creation of legal vehicles and the enactment of business regulation within the country have been consistent with the strategy of promoting services as offered by the Panamanian economy. There are few existing limitations for foreign investments. Foreign and local investors are accorded equal status under the Law, which also holds among foreign investors themselves. With the exception of retail trade, which is limited to local nationals and purchasing real estate within 10 kilometers of the Costa Rican and Colombian borders, Panama has no general prohibitions for foreigners to hold equity in local businesses and/or in joint ventures.
Foreign investments in public services are allowed generally, except that law expressly prohibits direct or indirect investment by foreign governments.
Our multidisciplinary team, provides legal advice to International companies for the establishment of its operations in Panama in a wide range of economical activities.
SPECIAL ECONOMICS ZONES
The Republic of Panama has created laws and regulations that promotes and allows local and foreign investors to establish companies in segregated special areas with a variety of fiscal, migratory and labor incentives. The main main objective of this “Special Economic Regimes” is to develop different kind of activities and to promote international trade, manufacturing, innovation and complimentary services.
Some of those Special Economic Regimes are:
Multinational Headquarters Regime
City of Knowledge
Panama Pacific Special Economic Zone
Colon Free Zone
PATTON, MORENO & ASVAT has a deep experienced team, establishing companies under those special economic regimes.