Welcome to thePanama IFC Recruitment site. IFC Recruitment is the dedicated job board serving the offshore and international finance community, giving you up to the minute information on the very latest jobs available.
If you are looking to start a new career or just looking for a change of scene, find your perfect job by searching the latest vacancies within your sector. Simply click on the drop down links on the left hand side of this page and search by geographic region, salary band or job title.
Opportunities are available in Europe, The Caribbean & The Far East.
Is Panama right for you?
Panama, officially the Republic of Panama, is the southernmost country of Central America. It borders Costa Rica to the north-west, Colombia to the south-east, the Caribbean Sea to the north and the Pacific Ocean to the south. It is an international business center and is also a transit country. In Central America, Panama is the second most industrialized country, behind El Salvador, Panama is also the 3rd largest economy on Central America, after Guatemala and Costa Rica and has the largest expediture on resource consumption, making the country the largest consumer in Central America.
Population
The population of Panama is approximately 3.3 million, about 52% of which reside in Panama City.
Political Structure
Panama has a constitutional republican form of government modeled heavily on that of the United States. The President is elected directly, as are the 72 members of the National Assembly. The Supreme Court is the highest court. Each province has a Governor and a provincial council.
Infrastructure and Economy
Panama's economy is mainly service-based, heavily weighted towards banking, commerce, tourism, trading and private industries because of its key geographic location. Panama has been classified as not being a developed country, but is firmly established as an upper middle-income country and has the strongest level of infrastructure in Central America.
The Colon Free Zone is located on the Caribbean side of the Isthmus of Panama near the Atlantic entrance to the Panama Canal. This Free Trade Zone is the second largest in the world after Hong Kong. Operations and transactions taking place in the Free Trade Zone are subject to a special tax treatment whereby imports from other parts of the world and re-exports to other countries are exempted from any import or export taxes imposed by Panama. Income earned from re-exports is taxed at specially reduced rates. Panama has the world's largest shipping registry and a well established Banking centre.
The International Airport, which is within 20 miles of Panama City, provides service to all major cities in the both North and South America, and Europe. Panama's telecommunications system is excellent, and most courier services, such as DHL, are available.
Language
The official language is Spanish, but English is widely spoken
Currency
United States Dollar.
Exchange Control
None
Law
Based on Spanish Civil Law with many Common Law influences, particularly regarding Company Law.
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Disclaimer
The materials contained on this web page are provided for general information only and do not constitute any form of legal definition or advice. IFC Recruitment assumes no responsibility for the accuracy of any particular statement and accepts no liability for any loss or damage which may arise from reliance on the information contained on this site.
References
1. Wikipedia profile: Panama
2. CIA World Factbook entry: Panama
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