Regional Headquarters for Multinational Offices PANAMA Regional Headquarters for Multinational Offices

MAJOR TRENDS IN GLOBALIZATION Globalization has expanded presence of companies in different markets Proliferation of markets have made necessary the establishment of regional headquarters Regional centers need to offer stability, positive business environment, security and connectivity Small countries serve better as regional headquarters than large countries

PANAMA Panama is recognized as a globalized economy serving international trade for over 500 years Population of 3.3 million Service-based economy Committed to growth and international trade Dynamic sectors including maritime, transportation, banking, tourism, energy, telecommunications, technology, commerce & trade Solid economic growth Country with a vision for the future

PANAMA Location, Location, Location

PANAMA An Island of Stability Stable Government Presidential Representative Democratic Republic Low Unemployement Poverty levels comparable to wealthier nations in the region eg.(Argentina) and decreasing Low inflation over the last twenty five years First World-class Insfrastructure and expanding Highest ranking for tourism safety according to prestigious security organizations

INCENTIVES FOR REGIONAL HEADQUARTERS Panama is committed to facilitate the relocation of international companies to Panama Enactment of Law 41 Corporate tax advantages International banking center One of the safest countries in the region Telecommunications center Air connectivity Qualified and trained manpower

Regional Headquarters Additional Advantages International Crossroads Daily flights to most Latin American Cities Specialized training for Human Resource Development Low cost of living Good quality of life Appropriate infrastructure for new offices Existing schools in international languages

TRADE INTEGRATION Signed Trade Agreements Previously Concluded Negotiations Concluded Negotiations Current Negotiations Future Negotiations

TRADE INTEGRATION Signed Trade Agreements PREVIOUSLY CONCLUDED NEGOTIATIONS

TRADE INTEGRATION Signed Trade Agreements United States

TRADE INTEGRATION Trade Agreements in Negotiation

PANAMA Easy to do Business Connected to the Americas Dollarized economy and easy remittances International Banking Center Eastern and Central Standard time zones Solid telecom connectivity A service center Friendly Immigration Laws

International Banking System Banking Center 90 major banks International Banking System Dollar as the legal tender 90 banks with total assets of US$64,468M (2009)

PANAMA Hotel Infrastructure More than 4,000 four and five-stars rooms Two convention centers Hotels with conference and meetings rooms Major Hotel Chains (Sheraton, Intercontinental, Marriott, Radisson, Wyndham, Bristol, El Panama, Continental, Embassy Suites, Bristol, Courtyard Marriott, Country Inn, Crowne Plaza, Holiday Inn)

PANAMA Technology and Telecom Center Existing and improved fiber optic infrastructure City of Knowledge 5 sub-marine cables converge in Panama Regional Call Centers Presence of technology driven companies such as Dell, Hewlett Packard, Cable & Wireless, 3M, Sony, Telefonica etc.

Trade Center Trade center with exports and imports totaling over 15 billion dollars annually Most integrated intermodal logistic center of the hemisphere Colon Free Zone with close to 2000 companies trading in the hemisphere Panama Pacific Economic Area More than 3 million containers in transshipment More than 300 million tones and fourteen thousand transits through the Panama Canal

PANAMA Maritime Center FIVE major International Ports in operation The Panama Canal Expansion of the Panama Canal at as cost of $5.2 Billion to double capacity 12,000 TEU

PANAMA Legal Aspects Internationally renown law firms with offices throughout the world International Court pertaining to Maritime Issues

PANAMA Insurance and Reinsurance Center Well recognized insurance companies serving millions of clients worldwide

PANAMA Support Services and Logistics Advantages offered by Panama regarding support and logistic services catering to new multinational corporation interested in relocating

PANAMA Existing Diplomatic Presence Panama has 54 Embassies and 33 Consulates Worldwide

PANAMA Climate Tropical climate throughout the year Free of Natural Disasters (Hurricanes, major earthquakes) Highlands with temperate climate

PANAMA Social Environment Diverse population with different races and ethnicities A city of International flavor American Association of Retired Persons (AARP) rates Panama as one of the top four places for Americans to live abroad International Living rates Panama as number four in the world for a second home High proficiency of English Speaking population International, exquisite cuisine Cultural, Sports and Entertainment activities

PANAMA Quality of Life Low cost of living Diverse options with regards to living accommodations Numerous activities offered Different Lifestyles (Urban, Rural, Beach, Highlands, Islands)

PANAMA Housing Options Ranging from City skyscrapers to suburban comfort within 10 minutes of Panama City Vast offering of mountain and beach vacation homes located throughout its 9 provinces Beautiful islands for relax living Country living in folklore rich regions

PANAMA Labor Expansive educated labor force Competitive labor costs Median average of $ 900 Literacy Rate 90%

Panama Distances Located within a few hours of all major international U.S. Cities as well as South and Central American Cities 15 daily flights to American Cities Daily flights to Latin America Cities Daily flights to Europe. Other European flights currently being negotiated Hub of the Americas (Copa Airlines)

PANAMA Expatriates Communities Expatriates from U.S., LA, Europe, Aisa Americans the #1 expatriate community Influx of retirees (Baby Boomers) Panama based international executives Large clusters of Venezuelans and Colombians

Regional Headquarters Immigration and Labor Benefits Facilitation of: Working Visas, Qualified Labor Force

Testimonials Multinationals Regional Headquarters currently located in Panama These clients already made Panama part of them