• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home Countries Panama

Starting A Business In Panama

Kathleen Peddicord by Kathleen Peddicord
Dec 10, 2008
in Panama
0
A business from anywhere within Panama
208
SHARES
3k
VIEWS
Share on FacebookShare on Twitter

Panama Is A Top Business And Money Haven

“Panama is one of the best places in the world to think about starting a business right now,” writes our offshore and tax attorney.

“I have the following basic requirements when considering a place as a business haven. If it doesn’t offer these benefits, you’re spinning your wheels trying to do business locally. Starting a business in Panama boasts every one of these advantages:

  1. Panama imposes low or zero tax on foreign-source income. Assuming you are not selling a product or service to Panamanians and you have a proper operating structure, you can legitimately operate near tax-free in this country.
  2. Panama has strong telecom and Internet services. There is nothing worse than for an American or a European to call a foreign office and get a bad connection. It makes him think he’s calling some Banana Republic, not a serious operation. A strong infrastructure for telephone, website hosting, and e-mail service allows your business to operate efficiently and presents a good image to potential clients and customers all over the world.
  3. If you are going to market to people in the United States, you need to be in the same time zone. Attempting to service the U.S. from Asia or Europe is tough. It may work for a few months, but it’ll wear you out.
  4. Panama has strong human resources. However, the growth of the call-center business in this country is pushing up the rate for English-speakers. A quality assistant in the U.S. should earn about US$2,300 per month; in Panama, you can hire a good, English-speaking assistant for US$600 to US$800 a month. Experienced and capable (and, again, English-speaking) web and IT support costs US1,200 to US$2,000 a month.
  5. You need a stable economy and a stable currency to feel safe doing business in any country. Panama is a U.S.-dollar-based economy; an American couldn’t ask for less currency risk. Of course, you can keep large deposits elsewhere, such as in Switzerland.
  6. Panama has little or no pollution compared with many big international business cities, such as Mexico City, Beijing, and Bangkok.
  7. Quality suburban living is possible outside Panama City, and Panama City is cleaner than most comparable capital cities.
  8. There are plenty of direct flights in and out of Panama City.

“All this and earthquake- and hurricane-free!”

Kathleen Peddicord

Tags: starting a business in panama
Share83Tweet52
Previous Post

The Advantages Of Retiring/Moving To Panama

Next Post

Living In Russia

Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

Related Posts

Panama City Skyline on summer night
In Focus: Panama

As Told By An Expat: The Benefits Of A Second Residency In Panama

by Matthew Pond
August 5, 2022
0

Traveling has always enriched my life. Studying different countries in books and travel articles can be eye-opening... But nothing compares...

Read more
A white sand beach in Puerto Armuelles with palm trees and a blue boat

The Best Unspoiled Beaches In Panama Compared

July 13, 2022
Panama lettering on the Causeway in Panama City

Tourism In Panama Is About To Boom

July 7, 2022
Small tropical island at Barrier Reef with paradise beach in Belize

10 Of The Best Places To Live Or Retire In Latin America

July 1, 2022
Paradise islands with white sands and clear waters in San Blas, Panama

Things You Must Know About The Wonderful San Blas Islands

June 23, 2022
Porto, Portugal

Where (And Why) Should You Buy Property Overseas In 2022?

June 15, 2022
Panama City with high skyscrapers and port on the Pacific coast

The Ultimate Panama Second-Hand Shopping Guide For Expats

June 9, 2022
Next Post
the classic red buildings of Moscow

Living In Russia

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.







Get Your Free Panama Report Today!

​​Simply enter your email address below and we'll send you our FREE REPORT - 101 Things You'll Wish Someone Had Told You About Panama.
 

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2022

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2022 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2022 - Live and Invest Overseas - All Rights Reserved.

The World’s Best Places To Be In 2022?

Discover Them Here…

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

Get Your Free Panama Report Today!
 

​​Learn more about ​​​PANAMA and other countries in our free, daily Overseas Opportunity Letter​​, as well as our ​In Focus: ​Panama ​newsletter​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​101 Things You'll Wish Someone Had Told You About Panama.