About Panama

Panama is a wonderful country. It has one of the seven wonders of the world: The Panama Canal. It also has the 2nd largest Commerce Zone of the Americas: The Free Zone.

Panama is not an expensive country. Shopping is incredible!!!! You get first class services at very affordable prices. Major fancy stores have opened at important malls such as Cartier, Louis Voutton, Carolina Herrera, Fendi, Salvatore Ferragamo, and others.

Weather: Panamanian weather is tropical, and uniform throughout the year. The average temperature is 27 degrees C.

Time Zone: The time in Panama all year long is the same as the EST (GMT -5). We do not observe Daylight Savings Time.

How to get to Panama: The best way to get to Panama is through air travel. Copa Airlines, Continental Airlines, American Airlines and Iberia have daily flights to Panama.

Panama is a great country to invest and do business. Here, some of the reasons:

· Panama has a stable economy with the US dollar as the currency
· Panama is considered Latin America´s most rising economy
· Many major companies have established their central headquarters in Panama due to tax benefits provided by law
· Panama is a safe country
· The Constitution protects local and foreign investors.
· Many laws have been passed to grant tax breaks on investments such as property, tourism, and establishing new business.
 

Contact our law partner firm, Alvarado Palacios y Asociados to learn more about law protection and doing business in Panama.