Panama: Offshore Business Sectors
Trade Marketing and Distribution
With NAFTA to the north, the vibrant economies of Latin America to the south, the Panama Canal, the Colon Free Zone and a tax-friendly attitude towards offshore activity, it would be surprising if Panama was not attractive to companies with American trading, marketing and distribution operations.
Since Panamanian direct corporate taxation is limited to local income, there is no need for offshore operations to use special corporate forms, and most simply adopt the basic Panamanian Corporation (Sociedad Anonima) or register locally as foreign companies (see Forms of Company).
Along with other offshore jurisdictions, Panama is a suitable place in which to base e-commerce services for retail or wholesale distribution of material or non-material goods: see Offshore-e-com.com for extended descriptions of how such businesses can take advantage of the combination of offshore and e-commerce. In fact, given the extensive trading infrastructure already present in Panama, it has an advantage over many other jurisdictions.