This week at
AROC we want to share with you some interesting information about PANAMA – the
beautiful country where we are located.
Panama is a
small country with enormous business potential, located in Central America
between Costa Rica and Colombia. We are currently the second best economy in
Latin America and since the creation of our country became the hub of Americas
with the construction of the Panama Canal in 1914.
Historically a
place of transit:
-
For the time of the Colony, gold was transfer from
Peru to Panama to Spain
-
In the Gold Fever era in San Francisco, was through
the Panama Rail Road that the explorers crossed faster in our country than
traveling from NYC to San Francisco
-
In the 1900’s the construction of the Panama Canal
changed world commerce allowing merchandise to cross America faster, shaper and
easier
-
In the XXI century Panama is a Hub for Airlines,
International Organizations, Multinational Companies and of course Intellectual
Property
An interesting
fact about Trademarks, Patents and CopyRights in Panama is that as we host the
second biggest free trade zone: the Colón Free Trade Zone, our Custom Authority
has digitalized the system for monitoring the containers that go through our
country, that are more than 12 millions from 80 countries.
The digitalized
system of the Custom Authority is connected with the Intellectual Property
Offices of Trademarks, Patents and CopyRights for what the enforcement of these
rights is easier to apply with this new digital tool of control of infringement.
With the Panama
Canal, the Colón Free Trade Zone, the ports in Pacific and Atlantic oceans and
international airports, Panama has also established itself as a regional Hub of
Commerce, for what we truly recommend having strategic Intellectual or
Industrial Property Registrations in our booming and central economy.
Panama is a
stable country which legal system is the Civil Law. We are signatory of the
main international treaties and belong the most important international
organizations.
From the
business and corporate perspective, Panama has many other advantages as well
for you or your clients to explore:
-
A territorial taxation system where only those
transactions performed within the territory of Panama are subject to tax, the
rest of them being considered as offshore activities.
- Special business zones as the Colón Free Trade Zone
and Panamá Pacífico, which feature special taxation rules that benefit business
development.
- An important international banking centre.
- Special immigration categories for businessmen and
investors.
- Container ports in both sides of the country: the
Pacific and Atlantic oceans, as well as international airports.
Authors of the article: María Gilma Arrocha and Kat Yurchenko
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