Ernesto Chong

There is a reason why the Republic of Panama is today regarded as one of the most business-friendly countries in the world. While the strong economic growth of the country along with investor friendly policies being followed by the government are all reasons enough, there is something far more attractive being offered in the Republic of Panama.

Many foreign investors and business people are looking at the Republic of Panama as they realize the enormous advantages of setting up an offshore bank account and also how easy it is to set one up. If you have considered opening an offshore banking account but are not sure which offshore jurisdiction offers you the most benefits, we welcome you to read about the top ten benefits that Panama offshore bank accounts offer.

With advancing technology, not too many things in our lives are remaining private any more and one of the main areas where our privacy is invaded on a regular basis is financial matters. This is why when you consistently keep hearing about the strong banking secrecy laws of the Republic of Panama, you wonder what makes them so different and how they compare with other offshore jurisdictions.In terms of the strength of the banking secrecy laws, the long tradition of enforcing these laws and the consistent as well as stringent manner in which these laws are enforced, the Republic of Panama is way ahead of many other offshore jurisdictions.

The Republic of Panama has enjoyed a real estate boom in the last ten years with a steady stream of new construction and prices of real estate rising everywhere. Though the Republic of Panama is believed to have the third largest economy in Central America after Costa Rica and Guatemala, it is certainly the most industrialized one. With a predominantly service-based economy, Panama has seen growth in all major service sectors such as banking, trading, commerce and tourism.

PMC Group Panama has over twenty-five years of experience in both Corporate and Individual Law. It has earned a reputation as a trusted advisor to many companies and individuals wanting to know more about setting up Corporations, Private Banking and many other offshore services. PMC Group Panama is now enabling its esteemed clients to benefit from its offshore services by offering the Offshore Corporation & Private Interest Foundation package.

The Panama Private Interest Foundations are one of the most popular means of protecting assets used not just by citizens but by many foreigners as well. In the Republic of Panama, these Private Interest Foundations are not the typical non-profit organizations one would expect to find elsewhere nor do they solicit funds for charity from the public.

With Uruguay facing uproar within the country for new taxation laws and the country already under pressure for more transparency in its banking and tax laws, the Republic of Panama continues to move ahead as the leading offshore destination.The Republic of Panama continues on its path of economic growth, attracting investors from the world over by offering attractive tax policies and strict banking privacy laws.

As you would have undoubtedly heard, the Republic of Panama has witnessed an unprecedented economic growth in the last few years, helped by a boom in almost all the sectors of the economy. I have always believed that if this economic growth is to continue and if citizens of the Republic of Panama are to be part of this success story, the country needs to plan for a modern transportation system. Only through a well-connected and world-class transportation network, can the Republic of Panama hope to deliver on its sophisticated and global ambitions.I would say, that though the ‘Diablos Rojos’ have had some sentimental value, replacing them with the new metro system will only speed up the growth of the Republic of Panama and aid it in its efforts to become a first world country.

Most of the potential investors who consult with me about possible investment opportunities in the Republic of Panama, are aware of the Colon Free Trade Zone. Most seem to know of it largely as a free zone that drives the economy of the Republic of Panama, while in fact, the Colon Free Trade Zone offers businesses one of the best operating conditions in the world in terms of infrastructure as well as amazing tax benefits.investors and businesses should truly look at the wonderful opportunities the Colon Free Zone offers since with modernization and regular upgrading. It is already the most vital commercial distribution center in the region.

Republic of Panama has been a very integral factor in the economic growth and overall development of the country. Recognizing the need to develop this transport network even further and modernize it so as to benefit everyone, the government of the Republic of Panama has taken many steps to provide better transport solutions.Initiatives taken towards establishing integrated transport solutions that are efficient, safe and secure, will help spur the economic growth of the Republic of Panama and enable the benefits to reach every part of our country.