17/09/2026
🇵🇦 Panama tops $102 billion — and remains one of the world's most sought-after jurisdictions
Panama has been among the most popular jurisdictions for international business for decades — and for good reason. Its economy reached around $102 billion in 2026 per IMF estimates, with GDP per capita near $22,000. The country's strength lies not in population size but in position: ships transit the Panama Canal daily, linking Asia, Europe and the Americas.
What makes Panama attractive for business:
🔵territorial tax — foreign-sourced income isn't taxed
🔵the US dollar as official currency, with no FX risk
🔵over 50 banks and one of the region's largest financial centres
🔵crypto operates through a standard structure — no separate licence required yet
On the recent canal news: due to a seasonal drought, authorities slightly reduced daily throughput — from 36 to 32 vessels. But this is a temporary water-conservation measure, not a repeat of the 2023–2024 crisis. Notably, the canal just posted record revenue — $5.7 billion for the year.
💡 One important detail for business: in May 2026, Law No. 526 was enacted, introducing economic-substance requirements for certain foreign passive income. The era of "empty" companies is ending — a structure must now have real substance.
✉️ We'll help open your Panama company and build a structure that fits the new requirements.