World famous for its Panama Canal, which is considered a modern engineering miracle. But that’s definitely not the only great thing about this Central American country. Many tourists and immigrants have already made their way to Panama and feel home among the tropical rainforests, beaches, small villages and big metropolises.
Those living in Panama enjoy an environment that is rarely affected by tropical storms and hurricanes due to its location just outside the hurricane alley. Spanish is the official language, but many speak English especially in bigger cities. The country is also famous for its coffee. Some of the world’s best coffee comes from Panama and is sold around the world at discerning coffee shops.
The Panama Canal is incredibly important for the country as it generates a third of the economic activity and offers many employment opportunities. The country’s economy as a whole is stable and fast growing and there is a good investment climate. Unemployment numbers are low and have been stable for years.
Business in Panama begins with small talk and it’s important to be on time. Family, sports and culture are good topics to discuss; politics and religion are best to be avoided. Dress conservatively and formally and when a deal is closed, it is common for the host to take foreign guests out for dinner.