Ernesto Chong

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.

Republic of Panama has all the necessary favourable elements in its economy to facilitate easy access to capital and simply a wonderful place to have a business and raise a family.

If you have travelled to the Republic of Panama on a business trip or on vacation, the natural beauty of the place would not have failed to impress you. I have seen the tourism in Panama grow at a phenomenal rate in the last 5 years. I have also tried to impress on many potential investors that this makes it an excellent investment opportunity for them.The next time you are in the Republic of Panama for a vacation, I would urge you to explore not just the rich beauty of the place but also the wonderful investment opportunity the tourism sector offers you.

I have always maintained that the Republic of Panama has one of the world’s most free economies in the world and my statement is authenticated by a number of International Publications reports prepared by the Wall Street Journal and the Heritage Foundation.I believe that with the excellent track record that the Republic of Panama already has and the support that the government is showing, more and more multinationals will consider setting up their headquarters in Panama.

Panama offers stringent privacy laws and a true tax-free regime making it the most attractive destination for offshore banking and private interest foundations. You can consult any of us at the PMC Group Panama to know more about how we can help you protect your assets.

Many small businesses and first-time entrepreneurs would like to invest in their business wisely and ensure that not only does their venture turn profit making in a short period of time but also has the ability to grow quickly. They wonder if there are ways in which they could minimize the outgo from the company without having to cut down on essential resources. I suggest to all these friends to look at starting a Panama Offshore Corporation in the wonderful Republic of Panama located in Central America. The Republic of Panama offers excellent growth conditions for businesses and entrepreneurs, and we at PMC Group Panama would be more than happy to guide our clients in setting up their Panama Offshore Corporation and helping them succeed.

The Republic Of Panama in Central America, after years of tremendous economic growth, progressive tax reforms and healthy budgets, has finally won a prestigious investment grade rating. With an investment grade ratings, the Republic of Panama can now seek financing for its major projects on more favorable conditions and this will help strengthen its position as one of the most attractive, foreign direct investment destinations.