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Phone Rooms - Why Panama? |
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You may want to expand your business further through the use of phone rooms. Phone rooms provide telephone-based marketing services. Panama is one of the best locations for starting such an endeavor. The profit can be greater if you try setting this up in Panama. See how easy and rewarding it is to set up a phone room in Panama.
Taxation and Laws in Panama
Panama has great deals for businessmen when it comes to taxation – specifically on capital gains tax and income tax. There’s none of the former while the latter presents no problem. Income tax is not charged for profits and income that were not made in Panama. You will also be pleasantly surprised that this favorable tax deal also applies to a business which holds offices in Panama, keeps corporate accounts in Panama and has a business license in Panama.
Procuring a business license can be accomplished fairly easily easy as compared to other countries that will bleed you dry even before you get one. Getting work visas for foreigner employees is also certainly possible as long as there is equitable ratio of foreign to Panamanian employees in your company.
Real Estate
If you are ready to set-up your business, real estate is very affordable. Commercial property is readily available in high rise buildings with 30 stories or more. Office furniture can be bought for prices that can be lower by 65% than the going prices in U.S.
Residential properties are a steal compared to other places. Household help charges about $200 monthly while a chauffer costs only around $300. Most buildings offer the same amenities that you will find in North America so you can be assured to live in the same degree of comfort and security that you have been accustomed to.
Banking
Panama offers anonymous bearer share for your business. This is an additional option for asset protection on top of their bank secrecy laws which is one of the best in the banking industry. The country is also host to over 100 international banks with online facilities. Their currency is the US dollar so you could also maintain dollar accounts.
Living in Panama
The roads are patterned after the US roads which were built when the Americans were there. The place is safer; the total number of crimes committed in Panama for the whole year is far less than the incidence of crimes committed daily in New York City. Panama is also a tropical country and it is not prone to calamities like earthquakes, hurricanes, tsunamis, etc.
Broadband Internet connection is offered by various telecommunications companies. Landlines and mobile phones services are available and they come with cheap international rates. Satellite and cable TV are also offered to consumers.
Language and Economy
The native language is Spanish but English speakers can be found everywhere. You can go to the bank, hotel, restaurants and large-scale businesses and you will surely find an English speaker there. Restaurant menus come in English to and so do the prices.
The country shows a strong economy with an unemployment rate of only 8%. Panama is tagged as a retirement haven with numerous real estate projects under way. The people also have great work ethics and are good English speakers.
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