Welcome from Dr. Ian F. Collard, British Ambassador to the Republic of Panama
I am proud to introduce this edition of the Doing Business Guide, all about opportunities in Panama.
For hundreds of years, Panama has played a crucial role in the development of international trade, uniting markets, bringing together businesses, and serving as the economic and commercial bridge of the Americas.
Trade and investment has evolved through those centuries, but Panama has retained its unique and unrivalled position at the centre of commerce in Latin America.
In this guide you will get a glimpse of Panama’s existing offer and of its tremendous additional potential, as an international centre for banking, financial, legal and maritime services, and as a hub for logistics, communications and connectivity.
As a world-class logistics platform, with a prime geographical location, dollarised economy, and social, political and economic stability, Panama is the ideal place to do business in the region. The development of Panama’s Special Economic Zones, such as the Colón Free Zone (CFZ) – the second largest in the world – the Panama Pacifico Special Economic Area (where UK company London & Regional is the master developer), and the City of Knowledge, has become a huge attraction to multinational corporations, educational institutions and international organisations. Tax, labour and migratory incentives have caught the attention of corporations from across the UK and around the world.
In the last decade, Panama has also enjoyed exceptional economic growth and has become a magnet for foreign investors, of which the UK is in the top tier. Large numbers of projects and mega projects are coming on stream in areas such as education, energy and infrastructure, providing UK businesses with opportunities to showcase British expertise and excellence.
I encourage you to contact UKTI Panama so we can collaborate with you to help build your business in Panama. I’m confident that this guide will encourage you to visit this fascinating country.
Dr. Ian F. Collard
British Ambassador to the Republic of Panama
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