This infrastructure is up there with the best in the world

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E-commerce takings from outside the country, on the other hand, can be electronically banked in Panama in US dollars and remain 100% tax-free. Both Panamanian and international banks offer merchant account facilities for accepting credit cards online. In addition, funds may be freely transferred in and out of Panama. There have never been currency restrictions, and the banking industry in Panama has long flourished alongside the country's development as an international trade hub.


- Human Resources In terms of human resources, Panama has a high literacy rate, netherlands phone number data a large supply of bilingual certified engineers, and excellent English language skills due to American influence. - The telecommunications and Internet infrastructure For e-commerce businesses, Panama City, and surrounding areas such as the City of Knowledge at the old Clayton airbase, boasts a highly sophisticated communications infrastructure - what with major optic networks crossing the isthmus of Panama as well as the deployment of several fiber optic metropolitan networks and world-class mission-critical data and hosting centers.


, with bandwidth now available that is competitive with what you would expect in major US cities. These state-of-the-art telecommunications facilities and services are made available to e-commerce businesses at very competitive rates. Combine this with a tax and business-friendly legal and fiscal regime, and the human resources necessary to establish an e-commerce business at half the cost of the United States or Europe.