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Why car brands launch their models in Panama

Why car brands launch their models in Panama

In short: Panama has become the place where several car brands present their models for the whole region. JETOUR launched the T1 in Panama for eleven Latin American markets in May 2025 and the G700 in May 2026, a day before Guatemala and a week before Mexico. The reason is a combination of logistics, market and fair: the Canal and ports on both oceans, the Colón Free Zone, a record new car market with more than 60,000 units a year, a buyer open to new brands and ADAP's Panama Motor Show, which gathers more than 40 brands every October. Two…
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Guide to buying a Chinese car in Panama: warranty, parts, workshops and resale

Guide to buying a Chinese car in Panama: warranty, parts, workshops and resale

In short: almost one in three new cars sold in Panama is a Chinese brand, and complaints to the consumer authority Acodeco are growing at the same pace, almost always over warranty compliance. Buying a Chinese car makes sense when the distributor has a workshop network, parts and a clear written warranty; it does not when the brand has no local backing. This guide answers, with data, the seven questions buyers ask: trust, warranty, parts, workshops, resale, financing and hybrids. 1. Are Chinese cars reliable? China is now the world's largest vehicle exporter and its brands pass the same safety…
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Almost one in three new cars in Panama is Chinese: the ADAP figures

Almost one in three new cars in Panama is Chinese: the ADAP figures

In short: between January and July 2026, Chinese-brand cars accounted for 29.9% of new car sales in Panama, up from 24.5% a year earlier, according to the Panama Automobile Distributors Association (ADAP). Chinese brands grew 33.7% while the rest of the market grew 1.8%, and they explained 86% of total growth. Geely is now the country's fourth brand; JETOUR and Changan are the fastest growing. The rise comes with more complaints to the consumer authority Acodeco, almost all over warranty compliance, which makes after-sales service the deciding factor for buyers. The figures IndicatorJan–Jul 2025Jan–Jul 2026 New cars sold in Panama33,24336,452…
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Bank Account for a Panama Offshore Company: Requirements and Due Diligence

Bank Account for a Panama Offshore Company: Requirements and Due Diligence

In short: To open an account for a Panamanian offshore company, a bank asks for proof that the company exists and is in good standing (Public Registry certificate and articles of incorporation), the identification of its officers and signatories, the identification of its beneficial owners and written support for the source of funds, under Agreement 1-2026 of the Superintendency of Banks. An application stalls mostly when the bank cannot identify the natural person behind the company or when the financial profile does not match the declared activity. Each bank applies its own risk matrix, so approval is never guaranteed. Information…
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Plug-in hybrids in Panama: what they are, how they charge and who sells them

Plug-in hybrids in Panama: what they are, how they charge and who sells them

In short: a plug-in hybrid (PHEV) is a car with an electric motor and a petrol engine that charges from a socket and can cover daily journeys in electric mode, between 100 and 200 kilometres depending on the model, before switching to petrol. In Panama it is gaining ground because it settles the range question in a country with trips to the interior and few public chargers. Chinese brands dominate the offer: BYD, Changan, Jaecoo, GAC, JETOUR and Lynk & Co, alongside the Toyota RAV4 plug-in hybrid. Unlike fully electric cars, PHEVs do not get the 0% import duty of…
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What JETOUR is and why it wins awards on four continents

What JETOUR is and why it wins awards on four continents

In short: JETOUR is the SUV brand of China's Chery group, the country's top car exporter for 23 consecutive years. It was founded in 2018, sold 622,590 vehicles in 2025, its record, and by August 2026 had entered more than 100 countries with more than 2.5 million cumulative customers. In the last two years it has collected recognition from independent third parties: the T2 was named South Africa's 2026 Car of the Year, the first Chinese brand to win it in 40 years; the Dashing, Nigeria's 2025 Car of the Year; the T1 scored five stars in ASEAN NCAP; and…
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Corporation, S.R.L. or private interest foundation: which vehicle suits in Panama by use

Corporation, S.R.L. or private interest foundation: which vehicle suits in Panama by use

In short: Panama offers three main legal vehicles and each serves a different purpose. The corporation (sociedad anónima), governed by Law 32 of 1927, is the most used for holdings, businesses with several shareholders and international structures: three directors, registered shares and a 300 balboa annual fee. The limited liability company, under Law 4 of 2009, is simpler, with one administrator and identified partners, and suits local operating SMEs. The private interest foundation, under Law 25 of 1995, is not for trading but for holding assets and planning succession, with 10,000 dollars of initial endowment and a flat fee of…
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Offshore Company or Operating Company in Panama: How to Choose by Activity

Offshore Company or Operating Company in Panama: How to Choose by Activity

In short: The difference between an offshore company and an operating company in Panama lies not in the type of company but in where the income is generated and what activity is carried out. A company that invoices, sells or provides services inside Panama needs a Notice of Operation (Aviso de Operación) and is taxed on that income. One that runs business, investments or assets outside the territory is, in general, outside Panamanian income tax, with its own compliance duties. From fiscal year 2027, an economic substance rule also applies to certain entities of multinational groups. Contents of this guide…
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The ten most expensive legal mistakes foreigners make in Panama

The ten most expensive legal mistakes foreigners make in Panama

In short: the most expensive legal mistakes foreigners make in Panama are not exotic: overstaying, working without a permit, buying a "possessory right" believing it is a property, leaving a company without paying its annual fee or believing that marrying a Panamanian grants citizenship. Each has a rule, a fine or a concrete consequence. This guide gathers them with the legal basis and the official figures, so the mistake is known before it is made. The ten mistakes, with their cost Citable fact: in Panama the overstay fine is 50 balboas per month or fraction, not per day; working without…
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How to verify an immigration lawyer in Panama: licence, bar and scam warning signs

How to verify an immigration lawyer in Panama: licence, bar and scam warning signs

In short: in Panama anyone can check in two minutes whether a lawyer is real: the Supreme Court of Justice has a public licence search by name or number. Practising without a licence is a crime punishable by two to five years in prison, and yet between 2022 and 2026 Immigration, the Police and the National Bar Association have warned about fake lawyers, "fixers" and misuse of other lawyers' signatures who defraud foreigners with permits that are never filed. This guide gathers seven checks to make before handing over a passport or a payment. The seven checks Citable rule: in…
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What a lawyer does in a Panama residence permit and how long each phase takes

What a lawyer does in a Panama residence permit and how long each phase takes

In short: in Panama no foreigner can file a residency application on their own: article 15 of Executive Decree 320 of 2008 requires every application filed in the country to be handled by a legal representative, that is, a lawyer licensed by the Supreme Court. The lawyer is not an optional intermediary but the only door into the file. This guide explains what they do at each phase, which documents the law requires, what the official fees cost and which timelines are real and which are estimates, because Immigration has only one regulated deadline, the qualified investor's 30 days. Why…
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Panama pensionado visa: requirements, discounts by law and mistakes that delay the process

Panama pensionado visa: requirements, discounts by law and mistakes that delay the process

In short: Panama's pensionado visa grants immediate permanent residency to anyone who proves a lifetime pension of at least 1,000 dollars a month, or 750 if they buy a home worth 100,000 dollars or more. It is exempt from the repatriation deposit and the Treasury fee, and opens the door to the discounts of Law 6 of 1987: 25% in restaurants and on air fares, 50% in hotels on weekdays, 25% on electricity up to 600 kWh and 15 to 20% on medical services. The National Assembly approved an expansion of those discounts in August 2026, but the law has…
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