14 NEW SEM COMPANIES WERE REGISTERED, REFLECTING CONFIDENCE IN PANAMA IN THE MIDST OF THE PANDEMIC

The service platform for Multinational Company Headquarters (SEM) expanded with 14 new companies by 2022, adding 170 in total, while the growth of the free zone network has also been surprising with more than $ 55 million in additional investments in so far in 2021.

“Panama boosted its exports to a record figure of $ 2,586 million, 98.4% more than the previous year in the period from January to September. The production economy expanded to digits that exceeded all expectations ”.

Along these lines, Panama's maritime and logistics services platform stands out, demonstrating its solidity and confidence, given that the volume of cargo in Panamanian ports amounted to 7,163,090 TEUs; 12.6% more than in 2020, which at this same date reported a movement of 6,358,986 TEUs.

Meanwhile, the cargo consolidation business segments confirmed the strategic importance of the country. Thus, the Colon Free Zone (ZLC) is underpinned with firm steps to continue with the economic reactivation of the commercial sector this year, when from January to September the commercial movement grew by 27%, totaling $ 13,144 million versus $ 10,345 million in the year 2020.

Panama needs everyone, but most importantly, the capacity for innovation, the creative force and generator of new businesses and, ultimately, the exchange of experiences and knowledge facilitated by the more than 170 SEM companies that recognize Panama as a reliable, secure business platform and above all committed to the success of its operations in the country”.

Another of the actions promoted by the government through the MICI, has been the Permanent Residence policy for Qualified Investors that, to date, has demonstrated its success with more than $ 25 million in reported transactions, only 10 months after its approval. This is in addition to the dynamics in the opening of companies that has been constant, demonstrated with the 31,800 new Operation Notices processed from January to October 2021. In addition, the financial sector of Panama has reaffirmed its leadership and confidence, showing that we are much more than an international service platform.

The National Government continues to focus its initiatives on the aspirations of turning Panama into a global innovation center that accompanies entrepreneurs, managers of creative ideas and that, together with the country's privileged geographical position, continues to be a source of thousands of opportunities, to continue improving the quality of life of all Panamanians.

Interview with the Minister of Commerce and Industries (MICI), Ramón Martínez.

Source:

https://elcapitalfinanciero.com/en-2022-se-registraron-14-nuevas-empresas-sem-que-reflejan-confianza-en-panama-a-pesar-de-la-pandemia/