Panama

Panama’s economy is small, very much open, highly diversified, dollar driven and highly competitive by regional standards. It has the 3rd highest GDP per capita in Latin America and the economy of Panama is largely dependent on the mining, agriculture, and timber industries. The country has one of the largest copper ore reserves in the world, as well as large reserves of gold, manganese, and iron. Hydropower is also a major natural resource in Panama as it supplies 60% of all electricity in the country.  

It’s economy is pegged to the US dollar and the service industry is the biggest in the country, accounting for about 65% of Panama’s GDP and employing 67.5% of the workforce. Transport is the most important sector of the service industry, as the Panama Canal is the government’s chief revenue source. Other well-developed sectors are logistics, banking, the Colón Free Zone (a focal point for foreign investment in the manufacturing industry), insurance, container ports, boat registrations and tourism. 

Panama is also an important country for off-shore banking services, but it’s rating of 86/190 for Ease of Doing Business means bureaucracy requires careful navigation 

AUXADI can become your ideal investment partner in Panama. From our office, located in Panama City, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.

Contact us

Panama

Panama’s economy is small, very much open, highly diversified, dollar driven and highly competitive by regional standards. It has the 3rd highest GDP per capita in Latin America and the economy of Panama is largely dependent on the mining, agriculture, and timber industries. The country has one of the largest copper ore reserves in the world, as well as large reserves of gold, manganese, and iron. Hydropower is also a major natural resource in Panama as it supplies 60% of all electricity in the country.  

It’s economy is pegged to the US dollar and the service industry is the biggest in the country, accounting for about 65% of Panama’s GDP and employing 67.5% of the workforce. Transport is the most important sector of the service industry, as the Panama Canal is the government’s chief revenue source. Other well-developed sectors are logistics, banking, the Colón Free Zone (a focal point for foreign investment in the manufacturing industry), insurance, container ports, boat registrations and tourism. 

Panama is also an important country for off-shore banking services, but it’s rating of 86/190 for Ease of Doing Business means bureaucracy requires careful navigation 

AUXADI can become your ideal investment partner in Panama. From our office, located in Panama City, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.

Contact us

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International Accounting, Tax and Payroll Services in 50 countries

Corporations

We help our domestic and foreign clients with their internationalization process, by becoming an extension of their Financial Administrative departments abroad.
We serve more than 600 clients from different sectors. Our clients can access the accounting information of all their international subsidiaries through a single portal customized to their needs.

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Funds

Responsible for the Corporate Management of investment structures totalling nearly 7 billion USD of assets under management from the creation of a holding structure in Luxembourg to the construction phase of an SPV in Europe and Latin America, by offering solutions in Accounting, Reporting, Tax Compliance and Board Membership.

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What services does Auxadi offer?

Accounting

Auxadi provide accounting administration for global corporations and investments with our unique MultiCountry IT platform.

Tax

Auxadi can help sort your international taxes. Our expert tax teams know all the details and can help you remain tax compliant.

Payroll

Auxadi’s International Payroll services remove the complexity but keep the confidentiality, using our unique IT system.

Registered
office

New locations require new entities, and Auxadi can help launch your international business in Europe, LATAM or the US.

Cash Management
& Admin

Cash is essential for every business – but monitoring and management is time-consuming. Auxadi can help.

Consolidation
& Reporting

Auxadi’s unique MultiCountry IT platform gathers the data from all your international entities, making consolidation and reporting stress-free.

Transfer
Pricing

Auxadi can help with your transfer pricing – we have the local knowledge and expertise.

Directorships

New entities require directors, with local knowledge and expertise to guide your business. Auxadi can help.

Monitor and manage your international subsidiaries with our MultiCountry online platform

Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.

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MORE INFORMATION
Plataforma Tecnológica Auxadi

Get access to Auxadi corporate materials and technical guides to know more about us. You can see all our materials here.

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Paper

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Brochure Corporations

Presentacion Corporativa Auxadi
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Brochure
Real Estate

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Meet the team

Claudia Nunes

Claudia Nunes

Senior Manager International Corporations & BD

Auxadi in Panama

Space Torre Plaza 2000, oficina 71,
Marbella Calle 53, V 50.
Ciudad de Panamá

Tel: + 507 280 4700

Count on our professional and extensive experience in the Panamanian market, for your investments in Panama and elsewhere in Europe, the United States and Latin America.

How can we help you?

We have helped more than 1,200 companies through their startup and establishment. If you want to know more on how we can help you, please get in touch.

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BASIC DATA PROTECTION INFORMATION
CONTROLLER: AUXADI CONTABLES & CONSULTORES S.A.; PURPOSE: Send you news, publications, offers and/or services provided by AUXADI; ADDRESSEES: Auxadi Group companies; LEGITIMATION: Consent of the data subject; ADDRESSEES: Auxadi Group companies; RIGHTS: Access, rectification, erasure, opposition, restriction and portability, as explained in the additional information; ADDITIONAL INFORMATION: You can consult the additional and detailed information on Data Protection on our website: Privacy and Data Protection Policy; CONTACT: To exercise any of your rights or to consult any doubt regarding data protection, send us an email to GDPR@auxadi.com.