Offshore Asset Protection
Guatemala Asset Protection
Offshore Education
Offshore Legal Articles
|
|
Panama Phone Rooms |
|
|
You want to invest in phone rooms but why in Panama? Because it would be more profitable for you if you set up a phone room in Panama, that's the bottom line. From tax breaks to culture and work force, wherever you look at it, investing in Panama is a smart choice.
Let us enumerate the reasons why we think highly of Panama:
- Income Tax break – If you're an offshore company, the government of Panama will not claim income taxes for your operations. Regardless if your company has an existing offices in the Panama area, has employees in the Panama area, has a corporation, has a business license, and even if it has a Panama bank account, your business will not be asked to pay any income tax.
- Capital Gains Tax – Panama is an area with out capital gains tax.
- Anonymous Corporations – Panama has a strong bank secrecy law and considers any violations thereof as criminal acts. Combine this with the fact that any company can use anonymous bearer share Panama Corporation, and you'll have the best asset protection for a company in the world. This is the reason why 400,000 corporations stay comfortably within the country.
- Banking system – You will find that Panama's banking system is stable and in excellent condition. There are at present about 150 international Panama banks within the country of Panama, most of which offers online banking, and fast transfers. Moreover, the US dollar is Panama's national currency. Banks also offer checking accounts using US dollars, their ATM machines disburse US currency and major credit cards are very well accepted.
- Infrastructure – Don't think Panama is behind the times, the country is well equipped with modern infrastructure and state of the art communications systems. You'll find that companies offer great fast speed internet which includes a wireless internet service to Panama City. You'll find that both landline and cellular phones systems are excellent and include excellente low international fees. However, if you're bringing in a foreign cell phone, you will need a sim card to make it work. Though using a foreign cell phone can be some what costly. So instead, it's best to purchase a pre-paid plan for your cell service when you arrive in the country. You can buy a cell phone in any mall for as low as $40.00. Water is potable. American appliances, computers and phones will work well without any hitches in Panama. You drive on the right hand side. Lastly, now worries about miss your favorite TV shows, because Panama has that covered as well.
- English – A large number of the population understands and knows how to speak English even if Spanish it the mother tongue. From banks, to upscale restaurants, to hotels and to large businesses, you'll find that a great number of individuals are English speakers. In this regard, hiring English speakers is not at all a problem. To hire an English Speaker as staff or personal would cost around $350 and higher a month. The range all depends on requirements and position of the job.
- Lax Legal System –You'll find everything it is to know about the legal aspect of putting up a business in Panama in a 6” by 9” and less than 1” thick book called the The Panama Labor Code (Codigo Trabajo). Depending on the means of your business, it is generally not that difficult to acquire a business license in the country. It is best, therefore, to inquire first in order not to affect any timelines and deadlines that you promised your investors. While going through the process of paper work of foreigner work visa is not hard, if you do the full requirments.
- Affordable Commercial Real Estate – If you're having some trouble renting an office space in the US because of the high price of commercial real estate, you'll be pleased to find out the costs in Panama is much cheaper. There are also a lot of available office spaces from the newer high rise buildings in the metropolis. These buildings generally have mirrored exteriors and can often get has high as 30 stories. The building features enough parking that is secure and fast elevators. Moreover, office furniture in Panama is about 33% cheaper than that in the US.
- Residential Real Estate – If you find the commercial real estate attractive, then you'll also find residential areas to your liking. Residential real estate here is a lot cheaper than other countries. You can hire housekeeping for close to $200 a month while a personal driver's salary runs just alittle more. These amazing residential buildings will have features such as: parking, common area, swimming pool, gates, concierge, and more.
- Cost of Living – By this time you might have already realized that everything in Panama is relatively cheap compared to the US. In Panama, people can life the lifestyle of their dreams for about 40% of what it would cost him while living in the US. To give you an idea, a prime rib is around $2.35, fresh tuna is $1.30 per pound, and a great dinner in a very nice restaurant could only cost $7.50. There are, of course, more expensive restaurants. The lower cost of living in Panama is very attractive especially when living out your dreams and getting the right people in the right places.
- Labor Pool – When you look at Panama's workforce, you'll be glad to know that they ten to be hard workers who are highly trainable. Panamanians have a high work ethic. There are a number of English speakers in the labor force, although, a sudden surge of phone rooms might affect the English speaking labor force. Panama has an 8% unemployment rate. A Panamanian worker is family oriented.
- Modern Roads – The country has good roads. The roads are American style as well as same as America with traffic laws and rules. It's only a short 20 minute cruise ride from the airport to the beautiful down down Panama City. Taxis here are very common, always available, and farely cheap. Meters in taxis are non-existent so you won't have to suffer the high fare will watching the meter cotinues even while just sitting.
- Crime Rate – Don't let media and the movies fool you. The country is extremely safe.
- Climate – The climate is a full tropical one. The great climatic conditions of the country were the main reasons behind the building of the Panama Canal.
- Economic Climate – Panama is economically strong. The country is considered as the top destination of retirees in the world. At present time, there are around 225 residential construction sites. Plus, there is already an ongoing very expensive upgrade on the Panama Canal. Hotel rooms are also as plentiful as the opportunities for travel and leisure.
|
|
|
|
|
Secure Order
Sales
