12th August 2019
MGI Latin America's MGI Montúfar & Asociados in Panama City, publishes a Guide to Doing Business in Panama, providing fellow members with essential country specific information.
Panama’s geographic situation
Panama is located in Central America, between Colombia and Costa Rica and serves as the commercial bridge between Central/North America and South America. Panama links the Pacific Ocean and the Caribbean Sea and opens the door for international trade. It is truly the crossroads of the world.
With the help of trade liberalization policies of successive governments, Panama’s economy has been expanding rapidly since 2003. The country maintained its growth even during the downturn of 2008–2009, although at a slower rate, and the pace is likely to speed up as the global recovery continues. There are numerous reasons for the country’s economic vigor. It’s a democratic country, with one of the most stable and modern governments in Latin America. The Panama Canal has made it a key trade and logistics hub for the Americas, and it has consequently become a major banking and services center. The government is enthusiastic about developing hemispheric free trade agreements.
Panama's Key Advantages
The geographic position of Panama and its vocation of service are factors that come together to facilitate business and broaden success opportunities. Panama is the first option for multinational companies, for its extraordinary advantages and its favorable business environment, ideal to expand operations toward the rest of America and the world.
You can access the Doing Business In Panama guide HERE.
About MGI Montúfar & Asociados
MGI Montúfar & Asociados’ priority is to provide consistent customer service, with independence, objectivity and integrity. They offer complete solutions and comprehensive service with a high degree of personal attention. MGI Montúfar & Asociados believe that relationships are built by ensuring customers satisfaction.
For further information visit the firm’s online profile page or their firm website.
MGI Latin America is part of MGI Worldwide, a top 20 ranked global accounting network with some 5,200 independent auditors, accountants and tax experts in over 260 locations around the world.