Panama

Offshore Company Formation in Panama - Incorporate your Panama IBC Company easy

In international trade and investment the selection of an offshore jurisdiction requires very careful consideration. We are experts in advising international clients on the selection of the best jurisdiction for their personal offshore requirements. The Republic of Panama is located in Central America and forms the narrow isthmus that links North and South America. Panama is famous for its canal, which joins the Atlantic and Pacific Oceans. Because of the international nature of the Panama Canal, the country's population of 2.8 million has excellent telecommunications, airline links and a sophisticated banking and financial system as well as a major free port. The US Dollar is the legal tender in the Republic of Panama and its official language is Spanish, but English is also widely spoken. Panama is probably best known for its extensive ship registration (the largest in the world), and possibly its recent history of dictatorship under...

Panama conquers the European market

Cooperations and alliances are consolidated to attend the touristic demand of European travelers visiting Panama. The recent note about the resumption of the flights of the Dutch Airline KLM is just the beginning of a large chain of strategies, which are actually developed by the Panamanian Institute of Tourism IPAT. The aim is to be prepared to attend the important demand shown by the European market. From the 30th of March 2008 KLM will offer attention to the important European market with direct flights from the Airport Schiphol in Amsterdam to the Airport of Tocumen in Panama. “We admit that the initiation of new flight-connections is an important priority and one of the clearly defined targets for the IPAT. That’s the reason why the firm business establishment with KLM is a fundamental step”, explained Carl-Fredrik Nordström, Vice-minister of the IPAT. Considering the inversion of 30% of the entire advertising budget for the...

17.10.2007: | | | |

PANAMA: Master Plan of Tourism forecasts substantial increase of income and employment at national level

Nationwide interviews about the Master Plan of Touristic Enduring Development 2007 – 2020 show great acceptance between the different sectors of the country “The general view is positive and we are in a good way to be successful”, this is how the Minister of Tourism, Ruben Blades, explained it in a “Meeting of National Query” about the Master Plan of Touristic Enduring Development 2007 – 2020 for members of the private sector, the media and the public in general. These “Meetings of National Query” organized by the Panamanian Institute of Tourism (IPAT) are trying to detect the discrepancies of all the sectors to unify them in the Master Plan, which tries to apply numerous quality parameters for the Panamanian touristic sector. “We hope to have al final reports for the plan at the end of the year so that we can present it to the National Assembly for its approval” said Blades. In the first step the Master Plan schedules the...

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