Panama, a favorable destination for the arrival of new residents and more SEM companies

Panama remains an attractive country for foreign investmentthanks to stability of its economy and security that the country offers. It stands out in the region for the development of investments concentrated in works on public and private infrastructurewhich improve the quality of life of its inhabitants and are an alternative incentive for the establishment of new companies on the national territory.

This small and abundant isthmus has support SEM Law, which offer investors great advantages and incentives. This was confirmed by Law 41 of 2007 and creates greater competitiveness in the region, as it allows multinational or transnational companies to operate under an optional license as an SEM company from Panamanian territory and maintain administrative, logistical and financial activities, among others. Similarly, the opening of this law allowed room for other companies to meet the needs of their subsidiaries, thus creating a regime EMMA, a multinational manufacturing services company which enable the satisfaction of business needs, through “nearshoring” operations.

New obligations imposed by the Panamanian state, through changes for companies and foundations, are created to meet the standards of international organizations. The law, 254 of 2021, introduced adjustments corresponding to the creation of greater oversight and transparency of transactions, achieving greater oversight attention from lawyers and accounting teams. Therefore, they maintain an active role in their obligations, avoid financial crime, monitor all activities through reports and accounting records, protected by the delivery of invoices or contracts for local activities and a unique register.

Another advantage is that The Constitution of Panama protects foreign investments, the laws give guarantees to foreigners and they have the same rights when settling as those born in the country. When it comes to real estate ownership, investment and trade, with the territorial tax system based on the principle of territoriality, only income is generated as a result commercial activities carried out within the national territory.

There are international agreements with more than 10 countries to avoid duplication taxation and more than 30 agreements of friendly countriesa positive choice for many when choosing a residence in Panama.

The real estate sector is favored at all times since the official currency is the balboa and its value is equal to one to one with the US dollar. Its dollarized economy, is a convenience for foreigners because it facilitates the search and acquisition of real estate. It’s Panama the best destination in Central America into retirement, because it attracts foreign buyers who are looking for real estate for that purpose.

Today it stands out with beautiful skyscrapers, large hotel chains and shopping centers between their sustainable and sustainable development. There is a contrast between the modern and the colonial, the country stands out for having symbolic colonial and tourist sites, such as the old city of Panama, with plazas and outdoor restaurants, museums and theaters that invite locals, residents and tourists to come back and discover new attractions, as well as modern infrastructure works such as the Panama Metro, which is comfortable, safe and reliable transportation and the recently opened Panama International Airport. Tokumen, with a new terminal of the first world that consolidates the country as The true center of Americain terms of logistics and airport services, leaving no one behind attractive harbor for cruise ships.