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PANAMA INVESTMENT INCENTIVES
The Panamanian government wants to attract foreign investment. The following laws have been enacted to promote this end:
Law # 54: Foreign Investor Protection Law Panama 's law 54 states that foreign investors in Panama and the businesses in which they participate have the same rights and duties as national investors and enterprises, including those that refer to the freedom of trade and industry,export and import.
Foreign investors are awarded a 10-year stability guarantee that all legal, tax, customs, municipal and labor rules applied to them will remain the same as those in force at the time of the investment registration.
Law # 24 : Reforestation Investment Law Reforestation in Panama is actively promoted and the Panamanian government has granted numerous incentives for foreign investors who purchase land for reforestation purposes. The benefits include a 25 year income tax exemption. Law # 8: Tourism Investor Incentive Law The government of Panama is actively and aggressively promoting tourism on an international basis. As part of the program, the country has passed a comprehensive law for the promotion of tourism .Tourism is declared a public service industry and one of national interest. For the purposes
of this Law, a "tourist offering" is understood to mean any
commercial activity for the purpose of encouraging the stay of tourists
in the country and the development of domestic tourism.
Contact us if you would like to know more about investment incentives.
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