Company Law

February 8th, 2011

Panamanian commerce is based in one of the world’s few truly service-dominated economies. Industries such as banking, insurance, shipping and transport, "offshore" business and import/re-export account for between 75% and 80% of the GNP and the dynamic of the sector requires constant change. The number of companies registered in Panama –the majority of which deal with the aforementioned services– is approximately 350,000, a number exceeded only by those of Hong Kong, which has close to 400,000.… Read the rest

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