Why Panama?

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As a beacon of economic growth in Latin America, Panama's estimated GDP growth for 2023 stands strong at 4.2% as per IMF, WB, and ECLAC forecasts. This vitality stems from the expansive Maritime and Logistics Complex, the world-renowned Panama Canal, robust Ports Authority, efficient Railways, cutting-edge Airports, and ambitious infrastructure projects such as road expansion and the construction of Metro Line 3.

Further bolstering this dynamism, the Panamanian government and various financial institutions, including LEGAL@work, join hands to offer loans intended to fund activities such as business expansion, equipment procurement, and working capital. Additionally, they've implemented measures like simplified registration procedures, tax incentives, and training programs to foster a conducive environment for micro-entrepreneurs.

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Being the "Hub of the Americas", Panama's strategic geographical location and robust infrastructure render it an enticing destination for foreign investors. These advantages include:

1. Unrivalled Connectivity: As a crucial link between North and South America, Panama offers easy access to both continents' markets, facilitating effortless import and export of goods.
2. Stellar Logistics and Trade: Panama's modern ports, free trade zones, and comprehensive transportation network attract foreign investors to establish regional distribution centres or engage in international trade.
3. Business-friendly Environment: Panama's stable political and economic environment, solid legal framework, and a low tax burden encourage foreign investment and entrepreneurship.
4. Financial Hub: Panama City, a significant financial nucleus in the region, hosts numerous international banks, financial institutions, and investment firms, making it an appealing destination for investors.
5. Multilingual Workforce: A diverse and multilingual workforce proficient in English and Spanish, fosters smooth communication and collaboration with international partners and clients.

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