PROINVEX



ABOUT PROINVEX

Proinvex is the Agency for Investment Attraction and Export Promotion of Panama, a concierge service that provides information to facilitate foreign investment in Panama.

It has a team of highly qualified professionals, committed to providing assistance and consulting on processes and requirements in order to make foreign investment projects successful.

Proinvex is ascribed to Panama’s Ministry of Commerce and Industry, institution that acts as facilitator of the national economic development: it plans, organizes, coordinates, directs and controls the activities aimed at enabling the creation, development and expansion of Panamanian businesses, as well as maintaining the country’s economic growth attracting projects and foreign capital and connecting foreign investments with the productive and commercial sector, in order to invigorate and diversify the Panamanian economy toward the future.

WHAT WE DO?

Proinvex is a concierge service that provides information to facilitate your investment in Panama. Our team of highly qualified professionals will provide you with assistance and consulting on the necessary processes to ensure the success of your future investment.

Administrating an integrated information system, Proinvex advises on identifying the National Government’s instruments, services and benefits to facilitate Direct Foreign Investment.

Facilitates with its wide available network of strategic contacts, Proinvex facilitates communication links with public and private sector actors, opening doors to identify concrete business opportunities.

MAIN SECTORS OF OPPORTUNITY FOR FOREIGN INVESTMENT

The agency pays special attention to the promotion of investments in different sectors such as:

  • Multimodal Logistics.
  • Maritime Services.
  • Headquarters and Services.
  • Tourism.
  • Renewable Energy.
  • Light Manufacturing.
  • Development of infrastructure projects.

MISSION

Expand Foreign Direct Investment’s contribution to the national economy.

Inform potential investors about Panama’s benefit and advantages.

Facilitate new invetments by providing professionals services, and easing the success of investment project objectives.

Assist Panama’s ivestor base, by facilitating the growth of existing investments and helpoing to overcome impediments or barriers.

Promote to foreign investors the wide availability of special incentives and investment regimes.

Coordinate witg public sector stakeholders and relevant government entities to enable and sustain a business friendly environment.

For more information, contact PROINVEX:

proinvexpanama@mici.gob.pa

@Proinvexpma

Proinvexpanama

@Proinvexpma

proinvex.gob.pa

INFORMATION ABOUT PANAMA

  • Service economy, open, stable and dynamic.
  • The US dollar circulates at par with the official currency (the Balboa).
  • Low inflation 1.2%.
  • Territorial tax system.
  • Greatest economic growth in the region.
  • Law that grants legal stability to the DFI.
  • Favorable business environment.
  • Investment grade.
  • Privileged geographic position.
  • Incomparable logistics platform: Panama Canal, world-class ports on two oceans, the best connected international airport in Latin America, transoceanic railroad, modern road network, the Panama Metro.
  • International merchandise redistribution center.
  • Telecommunications hub.
  • Zones with special regimes for foreign investment: SEM (Multinational Companies Headquarters); Colon Free Zone; Panamá Pacífico; Ciudad del Saber; Free Zones.
  • International banking center with more than 94 financial entities.

GENERAL DATA ABOUT PANAMA

CAPITAL
Panama City

OFFICIAL LANGUAGE
Spanish (official); English (business)

PRESIDENT
Juan Carlos Varela Rodriguez

AREA
75,517 square kilometers

POPULATION
4,098,135 (July 2017, est.)

TOTAL GDP
$19.288 billion (2017 to 1st semester est.)

GDP % GROWTH
5.8% (2017 to 1st semester est.)

GDP PER CAPITA
$13,680.2 (2017 to 1st semester est.)

SECTORAL GDP
Agriculture and Mining 4.3%, Industry 24.3%, Services 71.4%, (to 1st semester 2017)

ECONOMICALLY ACTIVE POPULATION
2,946,907 (March 2017 est.) of which 1,799,517 are occupied

LABOR FORCE OCCUPIED BY SECTOR
Primary Sector 14.1%, Secondary Sector 19.0%, Tertiary Sector 66.9% (To March 2017)

CURRENCY
US Dollar

INFLATION
1.2% (Accumulated from January to June 2017 est.)

UNEMPLOYMENT RATE
5.6% (To March 2017 est.)

EXPORTS
US$333.8 million: +3.1% vs 1st semester 2016 National Economy: Excludes Free Zone re-exports

EXPORT PARTNERS
United States (19.4%), Netherlands (16.9%), China (7.6%), India (7.2%), Costa Rica (5.2%), Taiwan (5.1%), Vietnam (4.8%), Colon Free Zone (3.8%), Nicaragua (2.4%), Honduras (2.2%) (To 1st semester 2017)

EXPORT PRODUCTS
Banana or fresh plantain (14.0%), Fish powdered flour and pellets (5.7%), Cold water shrimp and prawns (5.7%), Cane sugar (5.5%), other tropical species wood, including bark-free (5.1%) 1st semester 2017

IMPORTS
US$5.9856 billion (To 1st semester 2017 est.)

IMPORT PRODUCTS (Ranking and Composition % of total)
Diesel fuel for automobiles (4.7%), Fuel for reactors and turbines (Jet Fuel) (3.5%), superior quality unleaded gasoline 91 octanes (2.8%), other medications prepared for retail sales (2.7%), Vehicles with alternative piston motor, spark ignition, with cylinder capacity superior to 1,500 cm3 less than or equal to 3,000cm3 with CIF value greater than 8,000 without exceeding 20,000 (2.4%) 1st semester 2017

IMPORT PARTNERS
United States 25.4%, F.Z. Oil 10.7%, China 9.1%, CFZ 6.7%, Processing Zones 3.3%, Japan 2.3%, Colombia 2.5% (1st semester 2017 est.)

DFI STOCK IN DECLARANT ECONOMY
US$ 46.1703 billion (To 1st semester 2017)

COUNTRIES WITH HIGHEST REGISTERED DFI IN PANAMA
United States 18.7%, Colombia 17.3%, Switzerland 7.7%, United Kingdom 6.5%, Spain 5.4%, Taiwan 4.3%, Mexico 4.1%, Canada 3.6% (To 12/31/2015)

SECTORS WITH THE GREATEST DFI PRESENCE IN PANAMA
Wholesale and retail commerce (28.3%), Financial and insurance activities (24.9%), Transportation, storage and communications (13.0%), Information and communications (9.0%), Manufacturing industries (5.8%), Mining and quarry exploitation (4.0%), Construction (3.7%), Gas, Electricity and Water provision (3.4%), Real estate activity (2.6%), Hotels and restaurants (2.4%), Services and support administrative activities (1.0%)

Special Investment Regimes

SUCCESS CASES

“The key factors that influence our investment in Panama include its economic stability, its strategic geographic location and its excellent connectivity with other Latin American countries. Additionally, the incorporation of Adidas in the Law of Multinational Companies Headquarters (SEM) in 2010, has enabled the regional offices of Adidas Latin America to continue improving the business and strengthening its organizational structure, hiring the most talented executives in Panama and the world”

Marco Antonio Tejeira, General Manager for Central America and the Caribbean
Adidas

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ADDRESS

Ricardo J. Alfaro Ave. Plaza Edison, 3rd floor
+507 560-0687
proinvexpanama@mici.gob.pa

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