Generally, individuals who decide to engage in a commercial activity in Panama are free to choose the type of legal entity. Legal entities such as the Panama private interest foundations and non-profit organisations are subject to special legal provisions according to which they cannot be established for the purpose of engaging in business...
The Panamanian economy grew in the three years from 2010 to 2012 at an average annual rate of 9.7%, earning its place as the most dynamic economy in Latin America. This growth, driven mainly by the construction and mining sectors, has promoted the adaptation and updating of national legislation.
While the large share of high-value services in Panama’s economy, including finance, telecommunications and logistics, is envious for emerging economies around the world, the small size of its agricultural sector arouses some concern. Despite impressive GDP growth in recent years, including regional records of over 10%, the agriculture sector...
While logistics and transportation haul in major public investment, initiatives in medical infrastructure should not go unnoticed. In 2010 the government launched an ambitious plan to construct five regional hospitals, a medical city within the capital, and a network of smaller health care facilities and ambulatory services. With several...
One of the most commonly voiced concerns by business professionals in Panama City is the lack of a strong qualified workforce to sustain the country’s economic growth. While authorities have attempted to address problems of quality and increase sector investment, many private facilities have focused on developing new tertiary educational...
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