Three New Multinationals in Panama
Germany's Bosch and Kuehne + Nagel, and Spain's Puig have selected the country to establish their regional headquarters.
Tuesday, November 9, 2010
These three multinationals will benefit from Law 41 of 2007, used by 40 already established companies, which provides tax, immigration and labor benefits.
The Commerce Ministry of Panama announced that company Otis Elevators will install its regional headquarter in Panama.
Electronics corporation Phillips, luxury car maker BWM and Genzyme Corporation labs will install regional headquarters in the country.
Avalon, who develops management systems for retail companies, will start operating in April.
The multinational company will run its commercial operation for the region and several South American countries.
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