Panama leads in terms of Internet Legislation
Friday, February 20, 2009 17:09
Panama has some of the best online, ecommerce and related services’ legislation in the world. Panama’s government has consistently sought to become one of the top offshore jurisdictions in the world, and continue with a number of valid and attractive options for the online entrepreneur.
Panama led all other Central American countries in establishing specific laws pertaining to the online commerce and related activity services. As far back as 2001, did the authorities realize the need for such legislation, and was the first Latin American country to pass such laws and regulations.
A large number of benefits exist for internet businesses in Panama, the likes of which include exemptions from contributions, duties, income tax, and capital tax. This coupled with the freedom of transferring money into and out of Panama is a major benefit for entrepreneurs wishing to setup online gambling entities and sites. The established infrastructure includes five optic networks, plus a very advanced communications network ensures that Panama remains one of the top choices for the online entrepreneur.
Liked this post? Subscribe to my RSS feed and get loads more!
