| The Panamanian Constitution promotes the private property; protects the intellectual property, business freedom and the principle of non-discrimination. It also provides foreigners living within the national territory, the same Panamanian citizen treatment according to the legal rights. Panama has signed several international commercial and legal treaties that provide foreign investments protections. Law No. 54 (July 1998) is in effect to protect the legal stability of the investments against the law changes that were in effect at the moment the commercial activity was incorporated. The commercial activity that are eligible within this law are; Tourism, manufacturing, industrial, agro export, reforestation, mining, exports free zones, commercial free zones, petroleum free zones, telecommunications , constructions, ports, railroads, electric generation among other.
The minimum investment required to be incorporated in this regime is US$2,000,000. The law extend a 10 year period for protection once you have register to the respective incentive law. Some benefits and guarantees of this regime are:
- Legal benefits stability
- Tax benefits stability on direct contributions
- Municipal benefits stability
- Customs regime stability
- Labor regime stability
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