Panama

  • Location
  • Panama (70th)
  • Overview
  • Panama, known for the infamous Panama Canal, connects Central America (Costa Rica) to South America (Colombia). Panama is the predominately spoken language, however English is spoken in many major cities and tourist destinations. In 2017, Panama ranked 70th in the Ease of Doing Business Index created by the World Bank (credit: http://www.doingbusiness.org/rankings).
  • Population
  • 4,051,284
  • Why do business here
  • Commerce, banking, and tourism are growing sectors
  • Colón Free Trade Zone is largest free trade zone in Western Hemisphere
  • Major international hub due to Panama Canal
  • US dollars are legal tender and used for paper currency
  • Common entity types
  • C-Corporation
  • Limited Liability Company
  • Representative Office
  • Branch Office

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