Opening business starting a business Business and Investment Company start a business Economics Economics Stats Doing Business Education Employment Investment Local Law Ministry of Commerce and Industries (Panama) Population Procurement

10,300 New SMEs in Panama

In the first seven months of the year 10,292 new micro, small and medium-sized enterprises (MSMEs) were registered, 126% more than in 2009.

Wednesday, August 11, 2010

©image: Thomas Berg

Records held by the Panamanian MSME Authority (AMPyME in Spanish) show that most of the new companies were in the exports, services and agriculture sectors.

"Of the 10,292 new companies, 60% have been formally incorporated while the remaining 40% are still informal, fearing the need to pay taxes, believes Giselle Burillo, head of AMPyME," reports Prensa.com.

Source: Prensa.com

Key entities

Autoridad de la Micro, Pequeña y Mediana Empresa

Countries

Panama

Insight

SMEs Company family business start a business Opening business starting a business Business and Investment

Multinational Fukurawa Opens in Panama

October 2010

The company, with presence in 85 countries, announced it will open a branch in Panama City.

Fukurawa was founded in Japan in 1875, specializing in creation of electronic materials and chemicals, real estate, fuel, machinery and metals.

Laestrella.com.pa reports, “Minister Roberto Henriquez said the decision made by the Furukawa Company Ltd., to open offices in Panama, is in line with many other multinational companies which have recognized that in order to serve their markets in the Americas the connectivity, commercial facilities, social stability and the good economic policies provided by Panama, are hardly matched by other countries.”

New Companies Down 9.3% in Guatemala

July 2009

15.178 new companies registered in the Mercantile Registry in the first half of the year, 1.557 less than the same period of 2008.

For the same period, individual merchant registration diminished 15.9%.

"Even though he does not give an exact breakdown by sector, Oscar Lino Marín, Mercantile Registry advisor, indicates that 'most of the new companies belong to the commerce and services sector'", stated an article in Sigloxxi.com.

20,638 New Companies in Panama

June 2009

Most of the companies that were registered through the Panamá Emprende system are in the services and retail sectors.

During the last 12 months, 67.7% of the new companies were established in the capitol, 10.6% in Chiriqui, and 21.6% were from throughout the rest of the provinces.

Less Paperwork to Start a Business in El Salvador

April 2012

The Government of El Salvador has announced an initiative called "MiEmpresa.gob.sv" which from next May will reduced from five to one the number of forms required for filing and commencement of operations of a company.

A press release from the Ministry of Economy of El Salvador reads:

close (x)