This certainly comes as welcome news if it is done properly. They have what is called a Ventana Unica or one window at the Panama Pacifico project that has been very efficient according to my contacts at that project. Now the government is planning to make it easier for all foreign investment eliminating much of the bureaucracy when dealing with many different agencies. Lets hope they get this right!
Machine translated from Panama America
Direct foreign investment increased by 56% or the equivalent of $ 219 million during the first trimester of the year, compared with equal period of 2009 according to figures from the Comptroller General of the Republic of Panama.
These results have been recorded, despite the familiar stumbling block: the bureaucracy that exists to deal with for a new company on Panamanian soil. Henry Kardonski, general manager of Panama Pacifico, attested to that deficiency.
However, this problem from now on will no longer be the same. Now investors will have the opportunity to find all the information they need to know if they want to settle in the country, through the Agency for Investment Promotion and Export (PROINVEX).
That means that businesses associated with agricultural exports, tourism, logistics, among others, will only have access to this single window, where you can view stats and everything about the business climate in Panama.
Even know which areas are covered by the laws of incentives such as the Free Zone of Colon, Panama Pacific and processing zones, said in a tone pleased Roberto Henriquez, Minister of Trade and Industry.
Henceforth, Henriquez Proinvex expects, as a business tool-doubling foreign direct investment. Or at least those are the long-term projections. For their part, Kardonski, acknowledged that after having finalized this initiative, the time to set up a company would be reduced by only a matter of weeks.