Panama may be a small in size but it is big in stature. It is the place to do business in Latin America for several reasons. Most noticeably, Panama is safe, especially in comparison to other Latin American countries, most businessmen and company executives speak fluent English, there are regular direct flights from a number of US cities and the U.S. dollar is legal tender.
The key to Panama’s success is its location and importance as a trade hub. The Panamanian economy is historically based on trade not manufacturing so the opportunity exists to ship and sell a multitude of products in the country itself or move further into Latin America. Panamanians are pragmatic and trade-oriented and the countries ambition to be a conduit to the Americas is apparent in the investment that is being made in infrastructure. If you are serious about doing business in the Americas, then Panama is the best place to base your operation and easily access the Latin American and US markets.
For shipping to Panama and surrounding area, that company is LAC!
Establishing your business in Panama is all about making the right connections. At LAC we have the knowledge and expertise to help you establish yourself in Panama by ensuring that your cargo arrives safely and on time, every time. We speak the language, know the culture and understand how things work in Panama. This enables us to add value to your business and help you achieve your sales goals. Shipping to Panama is easy and convenient if you have the right partners and our years of experience have made us one of the leading freight forwarders shipping to and from Panama.
Arms, ammunition, fertilizers and certain foods require special import permission that must be obtained from the Ministry of Security. The import process in Panama is smooth and efficient and most products do not require any import licenses, a commercial or industrial license is sufficient to import most goods into the country.
Import documents that are required include:
Logistics companies and Customs Agents have reported inconsistencies in the application of standards and inefficiencies in the computer systems that are used to carry out the required tasks. Although Panama is the main logistics hub of this region, employers and brokers have pointed out the presence of issues, such as poor management of the SIGA computer system, impacting service and impeding an increase in the competitiveness of Panamanian trade abroad. It is commonly believed that at some point or other, everyone gets held up when they have to deal with customs there.