Why Panama?
 
   

The Investment Stability Law (Law No. 54 of July 22, 1998), guarantees all foreign and national investors equal rights in terms of investments and business practices, continuing Panama's quoted long-standing policy of providing a foreign-investment environment that requires no special authorizations, permits or prior registration.
This law provides ten-year stability as of the registration of the investment that all legal, tax, customs, municipal and labor rules will remain identical to those in force at the time of registration. This is an important guarantee to secure no-changes will affect the amortization of investments. TeleRepsUSA proudly covets its Call Center License and fully enjoys all the bestowed benefits.

Traits such as Panama’s positive position for long term investments means that Panama represents a stable environment for meeting TeleReps’ clients’ service needs. The Panamanian government has taken significant steps to encourage the growth of their Call Center Industry. Since 1992, Call Centers have been classified as tax-advantaged Export Processing Zones, and since 2001, all call centers’ telephone traffic is excluded from the tax imposed on all other international calls from Panama. As a result, the boom in the Call Center Industry in Panama began in 2001, and since 2003, there has been an annual employment growth of 5.2% in the Communications sector.

One of the most important attractions of Panama is the U.S. dollar-based economy. The country uses the U.S. dollar as its legal tender, thereby eliminating any currency exchange risks to foreign companies operating here. The country has maintained an annual inflation rate of fewer than two percent for the last 40 years, and just 2.3 percent in 2005. Panama's economy has become one of the healthiest in Latin America, in spite of the other Latin American economic crises.