Panama has been one of the fastest growing economies in Latin America over the past decade

Before the international financial crisis, the Panamanian economy had the highest growth rate in Latin America (this was due to the enlargement of the Panama Canal, as well as the development of the Colon Free-Trade Zone

Business highlights and rankings for Panama from the World Bank

This site summarizes Doing Business 2016 data for Panama

Most businesses in Panama are corporations – Sociedades Anónimas (SA).

There are 3 normal business entities here in Panama: Sole Proprietor, Partnership and Corporation

This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Panama.

The 6 steps provided on this site are the requirements for registering your business

The Sales Tax Rate in Panama stands at 7 percent. Sales Tax Rate in Panama averaged 6.20 percent from 2006 until 2015, reaching an all time high of 7 percent in 2010 and a record low of 5 percent in 2007. Sales Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.

The Corporate Tax Rate in Panama stands at 25 percent. Corporate Tax Rate in Panama averaged 30.76 percent from 1997 until 2015, reaching an all time high of 37 percent in 1998 and a record low of 25 percent in 2011. Corporate Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.

Panamanian income tax is levied based on the territoriality principle. Panamanian-source income is subject to taxation whether it is received by a resident or non-resident entity. Residency is only relevant to determine if the entity is subject to WHT or not.

Non-residents are taxed only on income from Panamanian sources, and the tax on any type of income paid to a non-resident must be withheld by the payer. 

There are many who consider Panama to be a tax haven. As the tax system is fairly light when compared to those of some other countries 

In the long-term, the Panama Sales Tax Rate | VAT is projected to trend around 7.00 percent in 2020, according to our econometric models.

An explanation of visa requirements for short and long term stays + costs

Visa checklist for Panama visitors

Travelers can use rental cars, private transfers, shuttles, public buses, and ferries fortransportation in Panama.

105 tips on getting to and getting around Panamá City, Panama from real travelers and locals.

Panama’s telecom infrastruture has benefited from maintaining one of the region’s highest GDP growth rates in recent years.

Telecommunications in Panama includes radio, television, fixed and mobile telephones, and the Internet.

In Panama, the main piece of labour law is the Labour Code of 1971. It establishes labour relationships and the rights and duties of both employee and employer.

FAQs regarding Panama labor law

A Q&A guide to employment and employee benefits law in Panama including termination rules

Travel and safety advice from the UK government

Compulsory education in Panama is composed of two sections – 6 years of primary schooling and 3 years of schooling at a middle school. High school is available for those who want to continue their education

The number one concern most expats have when they move to Panama is finding quality education for their children.  Happily, there are many more options now than there were six years ago!  The bottom line for all expats is that they will want to put their children in private school. 

Average prices of more than 40 products and services in Panama. Prices of restaurants, food, transportation, utilities and housing are included

How much does it cost to live in Panama?

Dos and Don’t of business etiquette in Panama

Business owners in Panama are used to dealing with foreign business people as other professionals come to the country on a consistent basis. It is important to fully comprehend the proper business etiquette when in the country of Panama. 

Panama has a tropical maritime climate with a hot, humid, cloudy prolonged rainy season (May to January) and a short dry season (January to May).

In Panama the Days are hot and nights are much cooler. Temperatures usually range from 32 degrees Celsius (90° Fahrenheit) during the daytime to 21 degrees Celsius (70° Fahrenheit) in the evening.

Unsafe road conditions and crime are the primary safety concerns affecting tourists in Panama.

Panama holidays 2016, bank holidays, national holidays, officialholiday calendar, religious festivals and celebrations for the year 2016

A demographic profile of Panama from the CIA

This site describes the demographic features of the population of Panama, includingpopulation density, ethnicity, education level, health of the populace and economy

Full list of Panama public and bank holidays. Many shops, banks and other services close during public holidays

Panama Customs regulations and procedures for importing and exporting goods at border

Export advice for US companies from the US Embassy in Pananma

US / Panama trade agreement

A guide to apartment rentals in Panama

A guide to the best hotels in Panama City

A guide to top destinations and experiences in Panama

Panama City is one of the most cosmopolitan, culturally distinct, and enjoyable capital cities in all of Central America.