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.
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.
International Accounting, Tax and Payroll in 50 countries
Corporations
We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.
Funds
With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.
Our services
Accounting
We provide corporate accounting administration for global corporations and investments with our unique MultiCountry IT platform.
Tax
We can help sort your international taxes. Our expert tax teams know all the details and will ensure you remain tax compliant.
Payroll
Our international payroll services remove the complexity but keep the confidentiality, using our unique IT system.
Cash management
Cash management is essential for every business – but monitoring and managing your cash flows can be time-consuming. Auxadi can help.
Consolidation and reporting
Our unique MultiCountry IT platform gathers the data from all your international entities, making consolidation and reporting stress-free.
Transfer pricing
We’re on hand to help with your transfer pricing – rely on our local knowledge and expertise.
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.
Get access to Auxadi corporate materials and technical guides to know more about us. You can see all our materials here.
Meet the team
Raimundo Díaz
Senior VP, Head of International Corporations
Claudia Nunes
Director International Corporations
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.
