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At a glance

  • Capital

    Panama City

  • Currency

    Panamanian Balboa (B/., PAB), United States Dollar ($, USD)

  • Official Languages

    Spanish (official language)

  • Population Size

    4,337,768 (2022)

  • Ease of doing business


  • VAT

    7% for movable goods and services transfer


Panama is a Central American gateway between North and South America. The world famous Panama Canal is a shipping waterway that connects the Pacific and Atlantic oceans. The canal and its free trade zone have also contributed to the country’s status as a tax haven; over 350,000 International Business Companies are registered in Panama. Mauve has its own local entity in Panama and is ready to assist with your requirements through our extensive range of in-country services.