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Profiting in Panama By www.RobertGirga.com/RobertGirg a/

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http://robertgirga.com/RobertGirga/profiting-in-panama/ Profiting in Panama Down on the isthmus that connects the Americas there is a prosperous little country with an economic growth rate that equals China’s. It has a big expat population and not all of them are retirees. Even some of the retirees in Panama still work, or at least invest. There are lots of opportunities in the land that connects North and South America as well as the Atlantic and Pacific Oceans. Here are a few thoughts about making money in Panama. Expatriate Talent Panama Investment Opportunities Panama is business friendly. It has laws that attract foreign investment and foreign talent to a tropical paradise with first world infrastructure. Panama ranks number one in Latin America in foreign investment per capita. The country is taking advantage of the previously undeveloped parts of the Panama Canal Zone. It is promoting assembly and export facilities and is upgrading its ports and container shipping infrastructure. The “third lane” Panama Canal expansion is will be done in a couple of years. This will allow the world’s biggest ships to pass from ocean to ocean and avoid the costly trip around the tip of South America. Expect to see Panama Canal traffic increase and Panama prosperity with it. As the business climate in Panama prospers so do entrepreneurs in the nation. A number of online English publications are run by expats and the owner and the editor of the most prominent English language newspaper in Panama City are both long term expats. It is perfectly legal to own and run a business in Panama if you are an expat from virtually anywhere. Engaging in Business in Panama It is perfectly legal for an expat to come to Panama, employ people, open a business, make money, make things or provide services, and prosper. It can also be problematic to do business in a foreign location. However, as we said, Panama is business friendly and has few restrictions on doing business in the country. Certainly, doing business in Panama is a lot easier for a Latino expat from Caracas, Bogotá, or Barcelona than an English speaker from Chicago or Saint Louis but because English is commonly spoken in Panama all things are possible. Businesses can do well in Panama but remember that the pace of life, and business, are different in this climate. A Venezuelan fleeing life under Hugo Chavez, an entrepreneur from San Jose, Costa Rica, or a businessman from Bogota may well have better intuition into doing business in Panama City than even the son of a Cuban refugee who was raised to do business in the Cuban community of Miami. Take a look at the Doing Business website. On this World Bank sponsored web site relating to worldwide business Panama ranks 81st out of 181 economies ranked. Panama is eighth in doing business across borders and twenty-eighth in getting credit for doing business. Within the Western Hemisphere Panama ranks 11th overall out of 31 countries. -more

TRANSCRIPT

Page 1: Profiting in Panama

Profiting in Panama

Bywww.RobertGirga.com/RobertGirga/

Page 2: Profiting in Panama

Down on the isthmus that connects the Americas there is a prosperous little country with an economic growth rate

that equals China’s.

www.RobertGirga.com/RobertGirga/

Page 3: Profiting in Panama

It has a big expat population and not all of them are

retirees.

www.RobertGirga.com/RobertGirga/

Page 4: Profiting in Panama

And, some of the retirees in Panama still work, or at least

invest.

www.RobertGirga.com/RobertGirga/

Page 5: Profiting in Panama

There are lots of opportunities in the land that connects North and South America as well as

the Atlantic and Pacific Oceans.

www.RobertGirga.com/RobertGirga/

Page 6: Profiting in Panama

Here are a few thoughts about profiting in Panama.

www.RobertGirga.com/RobertGirga/

Page 7: Profiting in Panama

Expatriate Talent - Panama Investment Opportunities

www.RobertGirga.com/RobertGirga/

Page 8: Profiting in Panama

Panama is business friendly.

www.RobertGirga.com/RobertGirga/

Page 9: Profiting in Panama

It has laws that attract foreign investment and foreign talent to a tropical paradise with first

world infrastructure.

www.RobertGirga.com/RobertGirga/

Page 10: Profiting in Panama

Panama ranks number one in Latin America in foreign investment per capita.

www.RobertGirga.com/RobertGirga/

Page 11: Profiting in Panama

The country is taking advantage of the previously

undeveloped parts of the Panama Canal Zone.

www.RobertGirga.com/RobertGirga/

Page 12: Profiting in Panama

. It is promoting assembly and export facilities and is

upgrading its ports and container shipping

infrastructure.

www.RobertGirga.com/RobertGirga/

Page 13: Profiting in Panama

The “third lane” Panama Canal expansion is will be done in a couple of years.

www.RobertGirga.com/RobertGirga/

Page 14: Profiting in Panama

This will allow the world’s biggest ships to pass from

ocean to ocean and avoid the costly trip around the tip of

South America.

www.RobertGirga.com/RobertGirga/

Page 15: Profiting in Panama

Expect to see Panama Canal traffic increase and Panama

prosperity with it.

www.RobertGirga.com/RobertGirga/

Page 16: Profiting in Panama

As the business climate in Panama prospers so do

entrepreneurs in the nation.

www.RobertGirga.com/RobertGirga/

Page 17: Profiting in Panama

A number of online English publications are run by expats and the owner and the editor of the most prominent English

language newspaper in Panama City are both long

term expats.

www.RobertGirga.com/RobertGirga/

Page 18: Profiting in Panama

It is perfectly legal to own and run a business in Panama if

you are an expat from virtually anywhere.

www.RobertGirga.com/RobertGirga/

Page 19: Profiting in Panama

Engaging in Business in Panama

www.RobertGirga.com/RobertGirga/

Page 20: Profiting in Panama

It is perfectly legal for an expat to come to Panama,

employ people, open a business, make money, make

things or provide services, and prosper.

www.RobertGirga.com/RobertGirga/

Page 21: Profiting in Panama

It can also be problematic to do business in a foreign

location.

www.RobertGirga.com/RobertGirga/

Page 22: Profiting in Panama

However, as we said, Panama is business friendly and has

few restrictions on doing business in the country.

www.RobertGirga.com/RobertGirga/

Page 23: Profiting in Panama

Certainly, doing business in Panama is a lot easier for a Latino expat from Caracas,

Bogotá, or Barcelona than an English speaker from Chicago

or Saint Louis

www.RobertGirga.com/RobertGirga/

Page 24: Profiting in Panama

but because English is commonly spoken in Panama

all things are possible.

www.RobertGirga.com/RobertGirga/

Page 25: Profiting in Panama

Businesses can do well in Panama but remember that

the pace of life, and business, are different in this climate.

www.RobertGirga.com/RobertGirga/

Page 26: Profiting in Panama

A Venezuelan fleeing life under Hugo Chavez, an

entrepreneur from San Jose, Costa Rica, or a businessman

from Bogota

www.RobertGirga.com/RobertGirga/

Page 27: Profiting in Panama

may well have better intuition into doing business in

Panama City than even the son of a Cuban refugee who was raised to do business in

the Cuban community of Miami.

www.RobertGirga.com/RobertGirga/

Page 28: Profiting in Panama

Take a look at the Doing Business website.

www.RobertGirga.com/RobertGirga/

Page 29: Profiting in Panama

On this World Bank sponsored web site relating to worldwide business Panama ranks 81st

out of 181 economies ranked.

www.RobertGirga.com/RobertGirga/

Page 30: Profiting in Panama

Panama is eighth in doing business across borders and twenty-eighth in getting credit

for doing business.

www.RobertGirga.com/RobertGirga/

Page 31: Profiting in Panama

Within the Western Hemisphere Panama ranks

11th overall out of 31 countries.

www.RobertGirga.com/RobertGirga/

Page 32: Profiting in Panama

Panama ranks 73 in dealing with construction permits.

www.RobertGirga.com/RobertGirga/

Page 33: Profiting in Panama

This can mean a lot of paperwork and waiting to get

a project going, make changes, and deal with paperwork in general.

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Page 34: Profiting in Panama

Because of the Panama Canal and the Colon Free Zone

Panama does especially well in foreign trade related

matters.

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Page 35: Profiting in Panama

In other areas a foreigner will probably want a Panamanian

partner to help run the business.

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Page 36: Profiting in Panama

So, if doing business in Panama could be a chore what are the options for

profiting in Panama?

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Page 37: Profiting in Panama

Engaging in Business Offshore from Panama

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Page 38: Profiting in Panama

Not everyone living in Panama does business in

Panama.

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Page 39: Profiting in Panama

. It is perfectly legal in Panama to set up an offshore

corporation, do banking through a corporation, buy

goods in Asia, and have them delivered to Europe.

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Page 40: Profiting in Panama

Having an offshore entity in Panama means that money earned outside of Panama is

not taxed in Panama.

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Page 41: Profiting in Panama

Because of asset protection vehicles, such as a Panama Private Interest Foundation,

foreigners can own an offshore corporation headquartered in

Belize through a Panama foundation and bank in Belize.

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Page 42: Profiting in Panama

Visit us at www.RobertGirga.com for

insight into profiting in Panama.

www.RobertGirga.com/RobertGirga/

Page 43: Profiting in Panama

Investing in Panama: Business and Real Estate

www.RobertGirga.com/RobertGirga/

Page 44: Profiting in Panama

Capitalism works in Panama.

www.RobertGirga.com/RobertGirga/

Page 45: Profiting in Panama

It is perfectly OK to let someone else deal with social security and workman comp

issues

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Page 46: Profiting in Panama

while you purchase commercial real estate and

have a professional property management company collect rents and handle all details.

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Page 47: Profiting in Panama

When the thriving economy in Panama drives the price of

your commercial real estate to higher levels you can sell and

reinvest

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Page 48: Profiting in Panama

in a new, promising location like the growing economy and

currency of Colombia.

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Page 49: Profiting in Panama

The new Panama Metro Line 1 is due to start operation in a

year or so.

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Page 50: Profiting in Panama

Anyone interested in commercial real estate

investment would do well to consult the map provided by

the Metro Authority.

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Page 51: Profiting in Panama

Think of metro stops as business centers and contact us at www.RobertGirga.com for a hint as to where to look

for commercial locations.

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Page 52: Profiting in Panama

Invest in Growth - Invest in Panama

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Page 53: Profiting in Panama

Every so often life can present us with a good deal.

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Page 54: Profiting in Panama

Recognize it and catch it in time and you may do very

well.

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Page 55: Profiting in Panama

Miss out and complain forever.

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Page 56: Profiting in Panama

An opportunity today is Panama.

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Page 57: Profiting in Panama

While the world languished in the worst recession in three

quarters of a century Panama’s growth rate fell to

3%.

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Page 58: Profiting in Panama

But, even in a growing economy there are business

failures.

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Page 59: Profiting in Panama

Consider investing in distressed properties.

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Page 60: Profiting in Panama

These repossessed properties are often brand new and are

only distressed in the financial sense.

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Page 61: Profiting in Panama

Couple this idea with a trip out along the metro line and you have a business plan in the

works.

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Page 62: Profiting in Panama

There are a number of ways of profiting in Panama and

while in Panama.

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Page 63: Profiting in Panama

Pay attention to Panama’s economy, the housing and

real estate market, and other investment opportunities.

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Page 64: Profiting in Panama

Think about investing in property and letting some else

meet the public and meet payroll.

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Page 65: Profiting in Panama

For more information about profiting in Panama contact us at

www.RobertGirga.com