PANAMA Regional Headquarters for Multinational Offices.
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Transcript of 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
CO
LÓ
N F
RE
E Z
ON
E
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