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Regional Headquarters for Multinational Offices
PANAMA Regional Headquarters for Multinational Offices
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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
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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
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PANAMA Location, Location, Location
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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
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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
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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
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TRADE INTEGRATION Signed Trade Agreements
Previously Concluded Negotiations Concluded Negotiations Current Negotiations Future Negotiations
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TRADE INTEGRATION Signed Trade Agreements
PREVIOUSLY CONCLUDED NEGOTIATIONS
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TRADE INTEGRATION Signed Trade Agreements
United States
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TRADE INTEGRATION Trade Agreements in Negotiation
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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
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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)
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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)
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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.
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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
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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
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PANAMA Legal Aspects Internationally renown law firms with offices throughout the world International Court pertaining to Maritime Issues
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PANAMA Insurance and Reinsurance Center
Well recognized insurance companies serving millions of clients worldwide
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PANAMA Support Services and Logistics
Advantages offered by Panama regarding support and logistic services catering to new multinational corporation interested in relocating
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PANAMA Existing Diplomatic Presence
Panama has 54 Embassies and 33 Consulates Worldwide
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PANAMA Climate Tropical climate throughout the year
Free of Natural Disasters (Hurricanes, major earthquakes) Highlands with temperate climate
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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
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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)
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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
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PANAMA Labor Expansive educated labor force Competitive labor costs
Median average of $ 900 Literacy Rate 90%
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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)
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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
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Regional Headquarters Immigration and Labor Benefits
Facilitation of: Working Visas, Qualified Labor Force
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Testimonials Multinationals Regional Headquarters currently located in Panama These clients already made Panama part of them
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