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.

"Bosch provides services and technology in sectors such as automotive, consumer goods and industry. Kuehne + Nagel is a logistics service provider. Puig manufactures perfumes, cosmetics and fashion brands such as Carolina Herrera, Nina Ricci, Paco Rabanne and Prada," Prensa.com informs.

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Otis Elevators To Open Regional HQ in Panama

April 2010

The Commerce Ministry of Panama announced that company Otis Elevators will install its regional headquarter in Panama.

Otis becomes the 33rd company to take advantage of Law 41 of 2007, which created a special regime for establishing and operating regional headquarters for multinational corporations.

Philips, BMW y Genzyme Set Up Shop in Panama

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Electronics corporation Phillips, luxury car maker BWM and Genzyme Corporation labs will install regional headquarters in the country.

These companies have applied under Law 41, which created a special regime for Headquarters of Multinational Corporations.

"BMW Latin America ...

Software Company Opens Shop in Guatemala

February 2010

Avalon, who develops management systems for retail companies, will start operating in April.

Luis Miguel Trujillo Cano, CEO of Avalon, told newspaper Prensalibre.com the company’s plans in Guatemala.

“Why did you choose Guatemala for the company headquarters?
Guatemala is very well connected with all the Central American countries, as well as with Mexico and Spain, countries in which we have support and commercial offices”.

Olympus Sets Regional Office in Costa Rica

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The multinational company will run its commercial operation for the region and several South American countries.

Located in the capital city, it will be in charge of coordinating marketing operations and product distribution for Central America, Venezuela, Colombia and Ecuador.

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