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Panama aims to be leading offshoring center

Monday, December 10, 2012

Panama is taking advantage of the current global economic climate by becoming an offshoring centre for large corporations, who seek to reduce their operational costs.

Companies are attracted to Panama mainly due to its tax system, growing economy and location.

In addition, Panamanian law allows companies to own property, make financial transactions and make contracts anonymously, adding a security incentive.

Full story (In Spanish)