In the last two years, foreign direct investment (IED in Spanish) in Panama has been growing at a rate of more than 15%, thus accounting for 46% of Central America’s foreign investment, the Minister of Commerce and Industry announced, Augusto Arosemena, during the presentation of the 2014-2018 management report. In real figures, explained the head…

Panama reaffirms the leadership in matters of merchant marine by receiving the status of “Most Favored Nation” from the People’s Republic of China, so ships flying the Panamnian Flag will receive benefits in port tariffs and preferential treatment in the ports of the People’s Republic of China. This is stated in the maritime cooperation agreement…

In 2017, Panama closed the year with the registry of 19 new multinational companies that will establish a Regional or their Headquaters in our country. These companies are dedicated to activities such as trade, shipping and logistics, operation of container ports and port terminals, audits, among other activities, and have chosen our country to establish…

Panama recently created a special legal regime for banks and companies related with the business of naval financing and that promote the construction of maritime projects to be installed in Panama. The regulation contemplates tax, migratory and labor incentives, in order to propitiate the conditions and incentives for companies inside Panama that install and/or repair…

Panama recently created a special legal regime for banks and companies related with the business of naval financing and that promote the construction of maritime projects to be installed in Panama. The regulation contemplates tax, migratory and labor incentives, in order to propitiate the conditions for the granting of naval mortgages from Panama, and create…

In consideration of the country’s progress in international cooperation in tax matters, the OECD announced that it will not include Panama in the list of non-cooperating countries. The decision was based on the actions taken by Panama in adapting its legislative framework, signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, and the…

On June 12, 2017, the Republic of Panama established diplomatic relations with the People’s republic of China, with which it had only commercial relations. The diplomatic opening to People’s Republic of China meant automatically breaking diplomatic relations with Taiwan. Chinese President Xi Jinping invited the President of Panama, Juan Carlos Varela, to officially visit China…

The Government of Panama has announced a public bid for the construction of a large scale port on the Pacific side of the Panama Canal. This will be the third port terminal on this side of the Canal, which will be developed in a 112 hectares area. On the Pacific side, will compete with Panama…

The Gross Domestic Product (GDP) for 2011 evidenced a net growth of 10.6%, placing Panama in the charts of countries with the biggest economic growth for the year 2011. Recently the Ministry of Economy and Finance of the Republic of Panama, revealed the figures of the economic growth for the first quarter of the year…

The Port of Singapore Authority (PSA) installed 3 cranes at the Rodman dock. This dock was built under the concession granted by the Panamanian State for the port development, construction and operation. Is the second port terminal at the Panama Canal entrance of the Pacific Side. By this contract PSA shall carry out management and…

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