Republic of Panama
Capital: Panama City HDI: 0.780 (60th)
GDP (PPP): $82.3 Billion
Population: 3.91 million
Panama is a country on the isthmus linking Central and South America. The man-made Panama Canal cuts through its center, linking the Atlantic and Pacific oceans to create an essential shipping route. In the capital, Panama City, modern skyscrapers, casinos and nightclubs contrast with colonial buildings in the Casco Viejo district and the rainforest of Natural Metropolitan Park.
Panama has been one of the fastest growing economies in Latin America over the past decade
Economic and Political Overview of Panama
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
Industry Trends & Business Climate
Business Environment Snapshot for Panama
Business highlights and rankings for Panama from the World Bank
Doing Business in Panama – World Bank Group
This site summarizes Doing Business 2016 data for Panama
Establishing a Presence
Business Types – Types of Business Structures | Panama
Most businesses in Panama are corporations – Sociedades Anónimas (SA).
Business Types – How to Start a Business in Panama
There are 3 normal business entities here in Panama: Sole Proprietor, Partnership and Corporation
Business Registration Requirements – Starting a Business in Panama
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.
Business Registration Requirements – How to Start a Business in Panama
The 6 steps provided on this site are the requirements for registering your business
Panama Sales Tax Rate | VAT | 2006-2016
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.
Panama Corporate Tax Rate | 1997-2016
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.
Panama Corporate – Taxes on corporate income
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.
Panama Individual – Taxes on personal income
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.
Panama – Income Tax
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
Panama Sales Tax Rate | VAT Forecast 2016-2020
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.
Panama Visa and Passport Requirements
An explanation of visa requirements for short and long term stays + costs
Visa checklist for Panama visitors
Transportation in Panama
Travelers can use rental cars, private transfers, shuttles, public buses, and ferries fortransportation in Panama.
Panama City, Panama Transportation Tips
105 tips on getting to and getting around Panamá City, Panama from real travelers and locals.
Panama – Telecoms, Mobile, Broadband and Digital Media
Panama’s telecom infrastruture has benefited from maintaining one of the region’s highest GDP growth rates in recent years.
Telecommunications in Panama
Telecommunications in Panama includes radio, television, fixed and mobile telephones, and the Internet.
Panama Guide: Labour law
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.
Panama Labor Law
FAQs regarding Panama labor law
Employment and employee benefits in Panama
A Q&A guide to employment and employee benefits law in Panama including termination rules
Safety – Panama travel advice
Travel and safety advice from the UK government
Education and Schools
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
Education – Schools in Panama for Expat Kids
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.
Cost of Living in Panama
Average prices of more than 40 products and services in Panama. Prices of restaurants, food, transportation, utilities and housing are included
Cost of Living – The Truth About the Cost of Living in Panama
How much does it cost to live in Panama?
Business Etiquette – Panama – Panamanian Business Etiquette
Dos and Don’t of business etiquette in Panama
Business Etiquette – How to Master 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.
Climate in Panama – International Living
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).
Climate – Weather and Climate: Panama
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.
Safety – Is Panama Safe for Travel?
Unsafe road conditions and crime are the primary safety concerns affecting tourists in Panama.
Panama Public Holidays 2016
Panama holidays 2016, bank holidays, national holidays, officialholiday calendar, religious festivals and celebrations for the year 2016
Demographics – World Factbook: Panama
A demographic profile of Panama from the CIA
Demographics of Panama – Wikipedia
This site describes the demographic features of the population of Panama, includingpopulation density, ethnicity, education level, health of the populace and economy
Public Holidays in Panama – World Travel Guide
Full list of Panama public and bank holidays. Many shops, banks and other services close during public holidays
Panama Customs Regulations
Panama Customs regulations and procedures for importing and exporting goods at border
Export.gov – Welcome to Panam
Export advice for US companies from the US Embassy in Pananma
Panama–United States Trade Promotion Agreement
US / Panama trade agreement
Housing and Rentals
Panama Apartment for rent
A guide to apartment rentals in Panama
The 10 Best Panama City Hotels
A guide to the best hotels in Panama City
Panama – Lonely Planet
A guide to top destinations and experiences in Panama
Panama Travel Guide – What You Need to Know
Panama City is one of the most cosmopolitan, culturally distinct, and enjoyable capital cities in all of Central America.