Panama for many years, has worked actively to attract and promote investment, employment generation and technology transfer, and at the same time become more competitive in the global economy. For this reason, the National Government in 2007 created Law No. 41 (amended Law No. 45, Law No. 57 and Resolution 15) with the purpose of attracting multinational companies. MHQ are companies that operate as a foreign company registered in Panama or as a Panamanian company owned by a transnational company. Its objective is to provide services to their Main Office or subsidiary in other countries from Panama.
These companies enjoy a series of tax, immigration and labor incentives.
According to the Ministry of Commerce and Industries, the accumulated investment from 2007 to May 2022 is USD $1,254.40 and it is estimated that by 2021 more than 5,000 jobs have been generated.