Foreign investment in Panama
Incentive measures for foreign investment in Panama have brought great benefits to the nation, from the Foreign Investor Protection Law (Law No. 54), incentives for tourism-related investment in Panama, and the creation of special economic zones like Panama Pacifico and the Colon Free Zone. Foreign direct investment contributes significantly to the national economy, and among these investors are Multinational Company Headquarters (SEM).
There are over 160 multinational companies in Panama, which has contributed to the relocation of expatriates assigned to various projects in the country, generally for periods of 3 to 5 years. It is also very common for foreigners to choose to live their retirement years in our country. Panama hosts 51 embassies and 46 consulates. The relocation of members of various diplomatic corps adds to the high mobility of expatriates and foreign retirees. The arrival of these individuals represents a new contribution to the national economy, but it comes with an expectation of the highest quality goods and services.
The real estate market in Panama is highly dynamic, partly thanks to the transit of expatriates and retirees through our country, and while not the same for everyone, we can say that there are individuals who, on average, may move between 1 and 3 times in a 5-year period.
Given the demand for high-quality products and services and the presence of so many transnational companies, embassies, and consulates in the country, it is very important for Moving Companies in Panama to have at least the following characteristics:
Connected with overseas moving companies
This ensures a continuous "door-to-door" move and reduces the risk of increased costs in the destination country.
Storage Capacity
If you need to complete any paperwork at your country's embassy/consulate before shipping your move in a container, the company you select must have appropriate facilities to store your belongings for as long as you require.
Availability of appropriate packing material
Protecting your personal effects and furniture is a critical factor in an international move, and based on our experience, we assure you this is non-negotiable. Therefore, we recommend that before selecting a moving company, you ask for a sample of the materials they use and an explanation of the procedure for packing your belongings.
Appropriate equipment and tools
Using the right equipment will be a key element in handling your belongings so that they are not damaged from the moment they leave your home until they arrive at your new home abroad. Therefore, we invite you to ensure that the company you choose has the appropriate equipment and tools to dismantle a TV from the wall, disassemble and assemble your beds, tables, and other furniture, bicycles, among other things.
Appropriate vehicles
Just like equipment and tools, the type of vehicle used to transport your belongings must ensure their protection. Therefore, the vehicles used by the moving company you select must meet minimum legal requirements and provide protection against the elements, be clean, fumigated, and sanitized to prevent the presence of pests among your personal effects.
Qualified and attentive human talent
In addition to the elements mentioned above, the international moving company you select must have human capital in which it has invested time, money, and knowledge so that the individuals performing the packing anticipate and meet your requirements, strive to satisfy your expectations, and possess the knowledge and skills in handling and protecting your belongings, making the best use of the packing material provided by the company. This is undoubtedly the most critical element we recommend considering when choosing among Moving Companies in Panama.
Compliance with national legislation
It is of great importance that your personal possessions are handled by trained personnel, using appropriate packing material and suitable vehicles to transport your belongings, but compliance with current legislation takes precedence over all previous points. For this purpose, we recommend our clientele to request the licenses and permits required by the authorities for the regular operation of the company you select to carry out your move.
Differentiating elements
For your peace of mind, in this section, we will mention some of the differentiating elements that an international moving company can offer:
International certifications
These range from well-known ISO 9001 quality certifications to specific moving industry certifications issued by the largest moving company associations in the world. Having these accreditations will be a plus when choosing your moving company.
Belonging to national and international associations
A company involved in the country's economy will be part of one of the country's business guilds or international networks of moving companies. Ask if the company you select is part of any.
Proactive, service-oriented, and highly trained human capital
People are the cornerstone of any company, and moving is no exception. For this reason, we invite you to ask the representative of the moving company you wish to select what kind of training they provide to their employees.
Possession of infrastructure
Even if minimal, an international moving company should have facilities to store and handle clients' goods, as well as the necessary equipment to carry out their operations. If you wish to learn more about the infrastructure of the company you are going to choose, arrange a visit with their sales representative; we assure you it will be worth it.
Insurance coverage for international moves
Insuring your international move is as, or more, necessary than insuring your car. However, international moves are not easily insured by conventional insurance companies. Therefore, we invite you to inquire about the company with which your goods will be insured during international transit. Once this is covered, you will have much more peace of mind and confidence that your move will be a success.
Look no further! Visit our website www.extrememoverspty.com and fill out our form, call our office +507 3726011, directly via WhatsApp +507 66725960, email us at ventas@extrememoverspty.com, or visit us at Av. La Paz in Bethania, Panama City, Panama.