Our Knowledge:
Business

Discover how Panama Free Trade Zones boost the economy, drive growth, and attract foreign investment, making them critical for international trade success!

Discover why Panama for startups is a game-changer! Enjoy a vibrant ecosystem, strategic location, and supportive resources for your business success.

Discover Panama’s corporate tax structure, featuring a territorial system and competitive rates, making it ideal for local and foreign investors alike!

Discover how the Panama Canal business impact reshapes local commerce, offering new market access and efficiencies for growth and innovation.

Unlock success in Panama with our guide on Business Etiquette in Panama. Learn the do’s and don’ts to navigate professional relationships smoothly!

Discover the exciting future of air travel in Panama! With upgrades and new routes, this hub connects North and South America like never before.

Panama’s geographic location, strong internet infrastructure, and tropical climate make it a popular choice for freelancers and digital nomads. Visa options for remote employees and self-employed individuals require proof of income and health insurance. The cost of living is affordable, with reliable internet access. There are also ample coworking spaces and favorable tax benefits. Popular expat locations such as Panama City and Coronado offer both urban and beach lifestyles. Engaging in local activities and events helps to immerse in Panamanian culture. References listed provide reliable and current information for potential expats.

Panama City, Panama is a promising hub for job seekers, offering a variety of opportunities in sectors such as finance, technology, tourism, and healthcare. However, foreigners must obtain a work permit before securing a job in Panama. The city also boasts relatively high salaries compared to other Latin American cities, with factors such as experience, industry demand, and language skills influencing pay. Networking, tailoring job applications, and using specific search platforms are recommended for job seekers.

Hosting and running a website in Panama require adherence to several specific legal frameworks. These regulations support user privacy, secure online transactions, and general transparency. Below is a detailed guide for website owners on how to comply with these requirements in Panama. Data Protection and Privacy Compliance Ley de Protección de Datos Personales The Personal […]

Panama’s unique financial stability is attributed to its dual-currency system, where the U.S. dollar is used alongside the Balboa since the construction of the Panama Canal in the early 20th century. This has resulted in controlled inflation and a conducive environment for business and trade. The dollarization of the economy has also streamlined international trade and tourism, improved banking efficiency, and eliminated exchange rate risks. Despite some criticisms, Panama’s reliance on the U.S. dollar has greatly benefited its economy and attracted investors and expatriates.

Expats considering Panama must understand financial logistics, including money exchanges, to manage finances effectively. Options include bank services, ATMs, and cryptocurrencies, each with different fees, regulations, and delays. Online transfer services like Wise and crypto-friendly bank Towerbank offer faster and cheaper alternatives. Understand exchange rates, regulations, and possible delays to make informed decisions and manage finances efficiently when moving to Panama.