Shop in Panama

willemsc66 New member

Member since 21 March 2024

willemsc66New member20 October 2024 09:21:04

Hello everyone, Have been looking for information for some time to emigrate to Panama with a least hurdles.

Our intention though is to continue working over there. We have a cigar and liquor store (specialties) n Belgium and we would like to expand it further in Panama. Is there a possibility, in what way, in what city, are foreigners (Belgian) allowed to start a business there?

Can anyone give me the necessary information, or possibly a lawyer who can answer this question?

Thx.

Expat Health Guide New member

Member since 12 October 2022

Expat Health GuideNew member20 October 2024 11:55:08

Hi, Ues you can open a business here. There are some rules about the number of Panamanian employees versus foreign employees, though.

I鈥檇 also suggest reaching out to the Belgian government reps here. Not sure if they have an embassy, but worthwhile checking. If not, then the US Embassy鈥檚 commercial service has extensive resources for this.

Highly suggest reaching out to Jaime Raul Molina. I鈥檝e known him for years and he is very good at preventing problems. A critical benefit here.

Molinapanama dot com.

Universal Services New member

Member since 22 November 2024

Universal ServicesNew member22 November 2024 20:36:40

Foreigners can start a business in Panama. It is advisable to consult with a lawyer or law firm that can assist you with the company formation process, including obtaining business licenses, licenses to sell alcohol, rental agreements, tax matters, employment issues, and more.