Panama is known more for shipping, banking, low taxes, and beautiful sights. But the IT industry is not so far behind since the country is in the middle of digital transformation, and currently at the 4th stage of the “Smart Nation” project. Within this project, most of IT companies decided to settle there, and the existing ones have known successful progress. So after all, Panama is not only about taxes and beaches, but it has a developing IT sector. 

The main part of the tech sector relies on app development. Even back in 2014, Panama started to be an operational center for 250+ startups that were focused on developing apps for Google’s android, mainly. Later on, the country was a destination to set for multinational companies such as Dell, Ericsson, or ABB that continued to develop the IT industry inside the country. Panama doesn’t lack tech specialists, even if the country has ~4 million inhabitants. Since the tax policy is flexible and real estate is cheap, many skilled professionals from both Latin and North America consider Panama as a great place from where to work. 

Why working with a Panama-based IT company

Consider Panama as a non-national-based IT destination. Here, out of hundreds of IT startups and tech companies, only 30% are founded and lead by native inhabitants. The other 70% or so are international IT & software companies that relocated to a place comfortable for both workers and companies. 

In Panama, you can find the entire spectrum of IT services and companies that perform from midrange to top. Of course, these companies charge according to their service quality, but then again - try the US market and you will get extra prices for everything.  On top of everything, many Europeans found Panama as a great choice to start or continue their business. 

The local currency is equal to the USD which makes the country comfortable to work with. The average yearly salary of a web developer in Panama is ~39K USD, while the average hourly rate is ~18,8 USD. These are pretty competitive prices compared to the US or Bolivia, for example. 

What you should pay attention to when working with a Panama-based IT company

The huge company diversity in Panama can have both positive and negative impacts, especially for those interested in budget projects. Out of 560+ IT and software companies registered in Panama, many of them are still inexperienced in developing, design, marketing, or even simply B2B affairs. Yes, the risk of hitting an inexperienced company persists in every country, yet the chances here are bigger, due to the high number of startups that already call themselves “well-established web agencies”. 

How reliable are Panama-based IT companies

IT companies that lack experience, on their turn can create project difficulties, such as delays on project delivery, miscommunication, lower-than-average project management to name a few. This is why Tech Behemoths comes to help in analyzing and finding the right partner for your digital project. 

On the other hand, there are not few IT and software companies that gained a name on the international IT market and perform decent to world-class services for their clients and have a good portfolio. 

Generally, it all depends on the company, but certainly, Panama is a country not to miss when looking for a digital partner.

Design Service involves creating long-term solutions and optimal experiences for customers and service providers. Designers segment services develop fine-tuned solutions to meet the demands of all consumers including services such as Web Design, UX/UI Design, Product Design and Other Design. 

About 90% of graphic designers prefer freelance work over traditional employment, according to surveys and industry reports.

Design Service involves user comprehension, captivating customer journey, operational procedures, and agile experimentation that focus on user journey and operational procedures.

The benefits of service design are:

• Higher sales of your products and services.
• Increased client loyalty
• Improved market position and fewer customer complaints
• A better brand identification for your company
• Developing innovative products, and services, and expanding markets
• Reduced market time for new products and services

Selecting the right service design company requires considering multiple aspects:

• Price
• Previous experience
• Turnover time
• Communication means

There are more than 30K design service companies on TechBehemths, however, you may find it difficult to choose the best vendor for your project. For this, we recommend submitting your project directly on TechBehemoths, let us pick the best matching companies on the platform for your needs. 

Discover the ideal Design Company by entering specific criteria on the main page, such as service, tool, technology, company name, or location. The “Search” button displays organized results, while the interactive Map feature allows easy navigation between continents and countries. This dynamic user experience ensures a successful search.