The Republic of Panama has very good business friendly laws that give the confidence to people to begin their own business. Panama also welcomes foreign direct investment and foreign talent as there is a lot of scope for growth in this region. The country ranks first in the Latin American countries for foreign investment. Today it is legal for an expat to come to the country and start his business. He can employ people and make good money in Panama. Doing a new business in Panama is easier than doing it in other Latin countries.
The pace of life has become quite fast in Panama. This is because many people are doing business and hence time passes fast. According to the Doing Business website Panama ranks 81st out of the 181 economies in the world. The country ranks eighth in doing business across the borders. The country ranks 28th in getting credit from other countries for doing business and stand 73rd in doing construction permits. There is a lot of paper work in construction.
Panama also does quite well foreign trade related matters and this is because of the Colon Free Zone and the Panama Canal. However not all expats who live in Panama do business in Panama. You can easily set up an offshore corporation in Panama. You can do all your banking transactions through your corporation and even buy goods from one country and sell it in a third country. The best thing about conducting an offshore business in Panama is that money earned out of Panama is not taxed in Panama.
So we see that the business opportunities in Panama are excellent. However to make it big you should be well aware of the business laws of the region that will help you to open and run the business perfectly.