PANAMA
The Republic of Panama
ADVANTAGES OF PANAMA CORPORATIONS
- Excellent corporation law.
- No taxes levied on offshore and banking transactions.
- No exchange control regulations.
- Political and economic stability.
- Excellent worldwide communication facilities.
- Conveniently located close to the largest Latin American markets.
- Skilled personnel.
SOCIAL AND ECONOMIC INDICATORS
| Location: | Latin America, joining North & South America |
| Area: | 77,082 square kilometers |
| Population: | 2,839,077 |
| Capital: | Panama City (708,438) |
| Climate: | Tropical |
| Official Language: | Spanish (official), English |
| Government: | Constitutional Democracy |
| Living Standard: | High |
| Legal Tender: | Balboa (par with U.S. Dollar which is the only paper currency in Panama) |
| Industry: | Financial services, Panama Canal, Colon Free Zone, Tourism |
