Tourism Law 80

Tourism Law 80

Investing in tourism opens great success opportunities in Panama.

For the purpose of promoting tourism in all of the national territory, Panama offers interesting incentives to foreign investors who develop activities related to the hospitality sector. The activities that benefit are regulated mainly by Law No. 80 of November, 2012 that defines the incentives that foreign investment receives, as well as other complementary laws.

INCENTIVIZED ACTIVITIES

Conventions

Exhibitions

Meeting

Seminars

Artistic events

Sport events

Travel

Cruise ship ports

Marinas and docks

TAX INCENTIVES FOR TOURISM

Tax exemption on goods and income.

Fosters investment in hospitality services outside of the Panama City district.

Special Investment Regimes

SUCCESS CASES

“Halliburton established its Latin American regional operations in Panama in 2009 and opened its Business Support Center in the country in 2010. In 2012, Halliburton expanded even further opening their Human Resources Employee Center. Since then, Halliburton has established a transnational center in Panama and is currently exploring opportunities to expand its operations in various sectors within Panama. The key reasons behind Halliburton’s continued investment in Panama include its strategic geographic location and the Multinational Companies Headquarters Law (SEM) which helps to make Panama a profitable location. Additionally, Panama offers good quality of life and school options, which makes the country favorable both for Halliburton and its employees”

Francisco Tarazona, Vice-president
Halliburton Latin America

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+507 560-0687
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