Alfaro, Ferrer & Ramirez’s Post

Panama's economy is rapidly expanding, and recent insights from Forbes point to key drivers propelling this growth. As Panama emerges as a vibrant hub for commerce, there are abundant opportunities for both local and international investors to capitalize on its economic momentum. According to the report, sectors such as transport, logistics, tourism, finance, and infrastructure are among the primary growth engines propelling Panama's economy forward. Panama's strategic location as a regional logistics hub, coupled with its world-class tourist attractions and strong financial services sector, positions the country as an attractive destination for investment. At AFRA, we specialize in providing comprehensive legal services to guide businesses in navigating the intricate landscape of Panama's burgeoning markets. Our expertise in diverse practice areas enables us to support businesses in leveraging these growth engines while ensuring compliance and protection. Empower your business with a solid legal framework tailored to the dynamics of Panama's evolving economy. Visit our website and let us assist you in designing robust strategies to maximize the opportunities: https://afra.com/ #AFRA #AlfaroFerrerYRamirez #AFRAAttorneys #Panama #BusinessOpportunities #LawFirm

The second meeting of the Economic Partnership Agreement (EPA) Committee between UK and Eastern and Southern Africa (ESA) States took place at the end of July, strengthening our £1.3 billion trade and investment partnership. Last year alone, nearly one-third of all UK tinned #tuna came from #Mauritius & #Seychelles, and we imported £ 2 million in avocados from #Zimbabwe. Thanks to agreement through the EPA to expand the relevant quota, even more canned tuna will be able to be traded duty-free – good for both businesses and UK consumers. Several other improvements were also agreed to make the business of transporting goods between #UK and #ESA states that much easier. Read more here ☟ https://ow.ly/bpC350PrvFN

Panama, a key player in the global supply chain The country’s natural and manmade assets, along with its unbeatable geographical location, have enabled Panama to become a world-class logistics hub, with access to major markets around the world. The Panama Canal is the world’s most strategic waterway, connecting the Atlantic and Pacific oceans from east to west and serving as a key transit point for global trade. It is at the heart of 180 sea routes, connecting 170 countries and 1,900 ports. Colón at the northern end and Balboa at the southern tip are Latin America’s two most transited ports. From north to south, Panama connects two continents: North and South America. Its roads and railways allow goods to move easily and rapidly between countries. Tocumen International Airport is of growing importance in the region and saw nearly 18 million passengers in 2023. https://lnkd.in/eFu2396q

📣 Request for Proposal from NV Havenbeheer Suriname 📣 Dear members, NV Havenbeheer Suriname, an esteemed member of AmCham Suriname extends a formal invitation for your participation for the exploitation of available land and port facilities in the Dr. Jules Sedney Port of Paramaribo, Suriname. This is a great opportunity for companies interested in port-related services and projects, including port or terminal management, shore base management, warehousing, tank farms, cargo storage, logistics, and more. This initiative aims to foster Public Private Partnerships, driving economic growth and development in Suriname. We encourage our members to consider how their businesses can contribute to this exciting endeavor and submit their proposals. For more details, please refer to the official Request for Proposal. Wishing you all the very best to seize this opportunity to make a significant impact! #AmChamSR #CallForProposals #EconomicDevelopment

We are pleased to announce that Ngosong Fonkem, Events Chairman of ITCC and an international trade lawyer, will be joining our program. His presentation, 'Shipping Disruptions: The Houthi Blockade of the Red Sea,' highlights the interconnectedness of geopolitical events and global supply chains. Ngosong will focus on and discuss practical strategies for mitigating the adverse effects of political risks on business operations. Don't Miss Out! Get your tickets here: https://lnkd.in/gcjfM2hb #chicago #networking #importing #exporting #international #internationalbusiness #internationaltrade #import #export #trade #leadership #energy #business #tradelaw #internationallaw #law #redsea #houthi #shipping #supplychain #politicalrisk #continuededucation

Are Foreigners in Cambodia on Certain Passes Allowed to Start a Business in Cambodia? The Kingdom of Cambodia permits 100% foreign ownership. A foreign capitalist is fit for setting up a company in Cambodia. Foreign investors can ultimately hold limited liability companies in Cambodia without any restrictions on the nationality of the shareholders or directors. There are no restrictions on trade as well. However, any foreign investor cannot own land in Cambodia. A company is eligible to own land only when registered with a Cambodian citizen who holds the company’s shares of at least 51%. Any foreign shareholder cannot exceed the shares over 49%. Government Assistance for Foreign-owned Businesses Cambodia offers liberty to foreign investors for setting up a company in Cambodia. The government gives authority to run 100 % foreign-owned businesses in most sectors. There are a few sectors, such as rice milling, gemstone mining, cigarette manufacturing, and movie production, where the participation of local equity or prior authorization is necessary. The CDC also acts as the secretariat to G-PSF (Cambodia’s Government-Private Sector Forum) to provide a public-private consultation. The mechanism of this consultation works in such a way that benefits the private sector of Working Groups. #law #Cambodia #property #businessowner #businessgrowth #Businessman #business #negotiate #licensed #foreigner #foreigne #StartUp

Price increases loom in the Caribbean! What's the takeaway for #Citizenship by Investment in the #Caribbean? As of now, it demands at least $100,000. However, brace for higher costs! Effective Sunday, June 30, 2024, the minimum investment escalates to $200,000 for prospective citizens of #Antigua_Barbuda, #Dominica, #Grenada, or #St. Kitts and Nevis.

Are you a savvy #entrepreneur eager to broaden your global business horizons? Discover how KGL Shipping and Logistics is revolutionizing affordable shipping rates in Ghana, empowering businesses to excel on the world stage. Now, here's the twist: Can economical shipping coexist with unwavering quality and reliability? Some argue that seeking budget-friendly options might compromise the integrity and punctuality of shipments. On the flip side, advocates contend that forward-thinking logistics firms like #KGL can seamlessly blend cost-effectiveness with stellar service. We're all ears! Have you basked in the advantages of economical shipping with #KGL, or do you harbor concerns about striking a balance between cost and quality in international trade? Let's engage in a dialogue! Pour forth your insights and escapades below. Hop aboard our next shipment: https://lnkd.in/eBdjAurV #KGLShipping #CostEffectiveShipping #GlobalTradeOpportunities #LogisticsExcellence #QualityVersusAffordability #BusinessJourneyExpansion"

📰 Out now: our latest edition of the Panama Maritime Review which focuses on the critical issues shaping Panama's #shippingindustry, providing exclusive insight into the country's maritime, logistics and port sectors. 💡 Inside, we take a look at: The Panama Canal's drought: discover the impact of #drought on the Panama Canal and plans explained by Canal authorities who give their forecast for the next fiscal year. Women in shipping in Panama: a first in the Panama Maritime Review, featuring pioneering founders and highlighting the importance of women in the #maritimesector. Port activity: get insights into 2022 and 2023 terminals’ performance in addition to forecasts and recommendations from executives to increase productivity. Investing in Panama's future: learn how infrastructure projects continue to contribute to sustained economic growth which has posted better results compared to neighbouring countries. The logistics sector: take a look at some interesting cases of companies that have become leaders in their field. Legal affairs: explore the latest development regarding the proposal of new legislations for the maritime sector, and how The Ship Registry is modernising its registration and platform. 👉 Read online or download as PDF here: https://lnkd.in/dEqwZk4P

The Misrata Free Zone (MFZ) recently signed an agreement for consulting services with Singapore’s Surbana Jurong Consulting Group (SJCP). SJCP is a large global consulting company with a specialisation in infrastructure and urban development. The MFZ is in the process of strengthening its position as an international trade and transit gateway for Africa, Europe and the rest of the world. It is understood that SJCP has significant experience in this regard, having implemented similar projects and solutions in more than 60 countries and across 100 free and industrial zones and ports. Under the agreement, SJCP will develop a general strategy for the MFZ, including identifying key industries and businesses that can establish in the MFZ and how to attract them, and also work on the expansion of its seaport. The MFZ’s plans fall in line with Libya’s overarching aim to re-emerge as an economic and commercial hub in the region, and to connect European and African trade. This will certainly be an area to watch, with many opportunities for infrastructure companies set to appear. Our team at Eltumi & Co specialise in energy and infrastructure projects. We track developments in these sectors in order to provide commercial legal support to businesses operating in the sector. Follow our LinkedIn page for ongoing updates and insight. #Libya #trade #economy #infrastructure