Software Outsourcing To Panama
Panama has a stable and prosperous economy, which it claims is one of the most advanced in all of Central and South America. It boasts a young, technically skilled, English-speaking labor pool.
Members of the Accelerance Global Partner Network (GPN) from Panama have been thoroughly screened and vetted. References have been carefully checked as well as proficiency in spoken and written English. You can be confident when working with an Accelerance Partner.
Working with outsourcers in Panama – Pluses
Panama is a peaceful country with no military. Panama has the lowest crime rate in all of Central and South America.
Panama has an excellent infrastructure and is more easily accessible to the U.S. than Asia.
It is easy to create a subsidiary in Panama. Subsidiaries are typically located on the old US military bases in the former Canal Zone.
The “City of Knowledge” was created in 1995 to promote and facilitate the synergies between scientific research, universities, and international businesses. Companies operating in the “City of Knowledge” have special tax benefits and the ability to offer work visas to non-Panamanian employees.
Working with outsourcers in Panama – Minuses
The IT and software industry in Panama is small. It is challenging to find a vendor, especially one large enough for a big project.