Explore Top Companies in Panama
Panamá City, Panama Head office in: United Kingdom
As well as offering high quality translation services, Lingo24 helps businesses achieve much more than that. Our leading technology, extensive experti...
Discover the World is the leader in global travel services and distribution. The top brands in the travel industry trust Discover to perform sales, ma...
Comicomp is a company that is dedicated to meet the needs of technical support of computers and printers, marketing of software and human talent train...
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We offer a complete service for the growth of our clients. All advertising is effective if it is communicated to the right people, that is why our net...
Passionate work leads us to set aside a good job for the search for an outstanding job, our Ad Protocol 1% inspiration 99% perspiration 100% Passion,...
We know that of every 10 new companies only 2 survive in the first year, that is why we offer effective and solid tools that help our clients to be in...
Together we add more than 25 years of experience. A multidisciplinary team prepared from their strengths to offer specific solutions for each client....
Novavision Group is created with the mission to Equip for Progress and Success. We use business best practices along with cutting-edge information tec...
We are a creative agency specialized in finding solutions through visual communication. Our goal is to create a unique experience for each brand and i...
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We are a 100% Panamanian company, formed by a group of experts in Email Marketing and Internet campaign design. Committed to offering the highest qual...
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In 2inDesign we specialize in offering a strictly personalized service to each client. We provide a product with high-quality standards in web design,...
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FACTORIA MP, is a company present in Colombia for 14 years, and currently is positioned in Panama. We are a marketing agency specializing in outdoor m...
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We are born with the desire to help many people to promote and strengthen their ideas, projects or companies. We achieve this through continuous solut...
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Icamos is an award-winning digital agency based in Panama, with more than 17 years of experience. We create high quality projects using cutting-edge t...
We are the only digital medium, to showcase your brand and product with HD quality in our large format dynamic Shoppers, in places of high traffic. We...
McCann is an agency that arrived in Panama in 1963, and since its inception, they have maintained the same thinking. Make their clients' brands play a...
GFM is a digital agency established in Panama since 2010, which focuses on storytelling across multiple platforms. We use knowledge acquired through m...
Panamá City, Panama Head office in: Brazil
W/RGB Communication is a Brazilian full-service agency based in São Paulo with a branch in Panamá City. We have digital nomads on our team totally con...
Our company was built by a group of young professionals with experience launching e-commerce operations within Latin America. Two years later, our com...
Wikot’s line of work is exclusive for all types of communications. Created over 14 years ago, Wikot is an agency who thinks in digital, implementing m...
Balboa Pacific Media is a disruptive, data driven, results oriented Online Marketing agency based in Panama. They believe that, considering the volume...
Advertising Agency located in Panama, offering advertising graphic design services, branding, campaign development, media advertising, digital media,...
En AMD Agencia de Marketing Digital, ayudamos a Gerentes de Mercadeo, Directores de Marketing y Empresarios a captar clientes potenciales, aumentar ve...
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We are a communication agency that develops and implements strategies. TBWA\Panama provides its clients with strategic differentiating concepts from D...
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The ICT Industry in Panama: General Profile
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.