panama regional headquarters for multinational offices

PANAMA

Regional Headquartersfor Multinational

Offices

MAJOR TRENDS IN GLOBALIZATION

• Globalization has expanded presence of companies in different markets

• Proliferation of markets have made necessary the establishment of regional headquarters

• Regional centers need to offer stability, positive business environment, security and connectivity

• Small countries serve better as regional headquarters than large countries

PANAMA• Panama is recognized as a globalized economy

serving international trade for over 500 years• Population of 3.3 million• Service-based economy• Committed to growth and international trade• Dynamic sectors including maritime, transportation,

banking, tourism, energy, telecommunications, technology, commerce & trade

• Solid economic growth• Country with a vision for the future

PANAMA Location, Location, Location

PANAMAAn Island of Stability

• Stable Government• Presidential Representative Democratic Republic• Low Unemployement• Poverty levels comparable to wealthier nations in the region eg.

(Argentina) and decreasing• Low inflation over the last twenty five years• First World-class Insfrastructure and expanding• Highest ranking for tourism safety according to prestigious security

organizations

INCENTIVES FOR REGIONAL HEADQUARTERS

• Panama is committed to facilitate the relocation of international companies to Panama

• Enactment of Law 41 • Corporate tax advantages• International banking center• One of the safest countries in the region• Telecommunications center• Air connectivity• Qualified and trained manpower

Regional HeadquartersAdditional Advantages

• International Crossroads• Daily flights to most Latin American Cities• Specialized training for Human Resource Development• Low cost of living• Good quality of life• Appropriate infrastructure for new offices• Existing schools in international languages

TRADE INTEGRATIONSigned Trade Agreements

Previously Concluded Negotiations

Concluded Negotiations Current Negotiations

Future Negotiations

TRADE INTEGRATIONSigned Trade Agreements

PREVIOUSLY CONCLUDED NEGOTIATIONS

TRADE INTEGRATIONSigned Trade Agreements

United States

TRADE INTEGRATIONTrade Agreements in Negotiation

PANAMA Easy to do Business

• Connected to the Americas• Dollarized economy and easy remittances• International Banking Center• Eastern and Central Standard time zones• Solid telecom connectivity• A service center• Friendly Immigration Laws

Banking Center• 90 major banks

$909,9

$851,1

$445,2

$8.534,9$7.604,2

$6.660,9

$7.625,0$6.753,1

$6.215,7

2005 2006 2007

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DIFFERENCE RE-EXP - IMP

RE-EXPIMP

International Banking System

Dollar as the legal tender

90 banks with total assets of US$64,468M (2009)

PANAMAHotel Infrastructure

• More than 4,000 four and five-stars rooms• Two convention centers• Hotels with conference and meetings rooms• Major Hotel Chains• (Sheraton, Intercontinental, Marriott,

Radisson, Wyndham, Bristol, El Panama, Continental, Embassy Suites, Bristol, Courtyard Marriott, Country Inn, Crowne Plaza, Holiday Inn)

PANAMATechnology and Telecom Center

• Existing and improved fiber optic infrastructure• City of Knowledge• 5 sub-marine cables converge in Panama • Regional Call Centers • Presence of technology driven companies such as Dell,

Hewlett Packard, Cable & Wireless, 3M, Sony, Telefonica etc.

Trade Center• Trade center with exports and imports totaling over 15

billion dollars annually• Most integrated intermodal logistic center of the

hemisphere• Colon Free Zone with close to 2000 companies trading

in the hemisphere• Panama Pacific Economic Area• More than 3 million containers in transshipment• More than 300 million tones and fourteen thousand

transits through the Panama Canal

PANAMAMaritime Center

• FIVE major International Ports in operation• The Panama Canal• Expansion of the Panama Canal at as cost of

$5.2 Billion to double capacity

12,000 TEU

PANAMALegal Aspects

• Internationally renown law firms with offices throughout the world

• International Court pertaining to Maritime Issues

PANAMAInsurance and Reinsurance

Center• Well recognized insurance companies serving millions

of clients worldwide

PANAMASupport Services and Logistics

• Advantages offered by Panama regarding support and logistic services catering to new multinational corporation interested in relocating

PANAMAExisting Diplomatic Presence

Panama has 54 Embassies and 33 Consulates Worldwide

PANAMAClimate

• Tropical climate throughout the year• Free of Natural Disasters (Hurricanes, major

earthquakes)• Highlands with temperate climate

PANAMASocial Environment

• Diverse population with different races and ethnicities• A city of International flavor• American Association of Retired Persons (AARP) rates Panama as

one of the top four places for Americans to live abroad• International Living rates Panama as number four in the world for a

second home• High proficiency of English Speaking population• International, exquisite cuisine• Cultural, Sports and Entertainment activities

PANAMAQuality of Life

• Low cost of living• Diverse options with regards to living accommodations• Numerous activities offered• Different Lifestyles (Urban, Rural, Beach, Highlands,

Islands)

PANAMAHousing Options

• Ranging from City skyscrapers to suburban comfort within 10 minutes of Panama City

• Vast offering of mountain and beach vacation homes located throughout its 9 provinces

• Beautiful islands for relax living• Country living in folklore rich regions

PANAMALabor

• Expansive educated labor force• Competitive labor costs• Median average of $ 900• Literacy Rate 90%

PanamaDistances

• Located within a few hours of all major international U.S. Cities as well as South and Central American Cities

• 15 daily flights to American Cities• Daily flights to Latin America Cities• Daily flights to Europe. Other European flights

currently being negotiated• Hub of the Americas (Copa Airlines)

PANAMAExpatriates Communities

• Expatriates from U.S., LA, Europe, Aisa• Americans the #1 expatriate community• Influx of retirees (Baby Boomers)• Panama based international executives• Large clusters of Venezuelans and Colombians

Regional HeadquartersImmigration and Labor Benefits

• Facilitation of: Working Visas, Qualified Labor Force

Testimonials• Multinationals Regional Headquarters currently located in Panama

These clients already made Panama part of them