Relocation in Panama
Panama is an ideal destination for relocation due to its strategic location, dollarized economy and business-friendly policies. The country offers top-tier infrastructure, tax incentives and a competitive SEM regime that attracts multinational companies. With comprehensive advisory services, efficient migration processes and high-quality living standards, Panama ensures seamless corporate integration and employee adaptation. Its growing urban landscape and thriving business environment make it the perfect hub for international expansion. Welcome to Panama, the bridge of the world!
John Nivia
6/3/20242 min read
Opportunities and Benefits
Business mobility is a key factor in the growth and development of companies worldwide. In this context, Panama has established itself as a strategic destination for corporate relocation, thanks to its economic stability, privileged geographical location and tax advantages.
Why Choose Panama for Corporate Relocation?
Panama offers a favorable ecosystem for multinational and transnational companies looking to expand in the region. Some of the main reasons to choose this country include:
Top-tier infrastructure: A developed port system, air connectivity through the "Hub of the Americas," and an advanced telecommunications network.
Economic and political stability: Panama has a dollarized economy and a stable legal framework.
Tax and migration benefits: The SEM (Multinational Company Headquarters) regime provides incentives for foreign companies.
Quality of life: Pleasant climate, high-quality medical infrastructure, and a vibrant cultural and gastronomic scene.
Comprehensive Advisory Services for Companies
Corporate relocation involves a complex process that ranges from company installation to staff adaptation. Therefore, it is essential to have a team of experts providing support in:
Housing and office search: Rental or purchase options tailored to corporate needs.
Orientation tour: Guided visits to schools, universities, and commercial areas.
Migration consultancy: Visa and residence permit procedures for employees and their families.
Tax and fiscal incentives: Guidance on tax exemptions and benefits for SEM companies.
Banking services: Assistance with account opening and access to financing.
SEM Regime: An Incentive for Multinational Companies
The SEM regime, established in 2007, has been key in attracting foreign companies. Some of its advantages include:
Reduced income tax rate of 5% (compared to 25% for other companies).
Exemption from dividend and branch taxes.
Migration facilities: Visas for employees and their families with no restrictions on hiring foreigners.
Benefits for importing personal goods and vehicles.
Moving Talent: Support in Employee Adaptation
Human talent is a key resource for business success. Employee relocation requires comprehensive management to ensure their well-being and work performance. In this regard, companies relocating to Panama receive support in:
Cultural and social adaptation.
School and university search for their children.
Assistance in obtaining licenses and legal documentation.
Access to healthcare and social security services.
Conclusion
Panama has positioned itself as an ideal destination for corporate relocation, offering a competitive business environment and facilities for companies and employees. With the right support, transitioning to this country can be smooth and highly beneficial for business growth.
Welcome to Panama, the bridge of the world!