Doing Business in Panama

DOING BUSINESS IN PANAMA Business Customs & Etiquette Punctuality is apprehended by production line people, as is giving your host nice time to plan for your arrival. Thus, you should make appointments at least 1 week in advance. When you meet with your Panamanian colleagues, a shake is a normal greeting. Do not rush into a meeting with talk of business right away. Your associates ar more(prenominal) likely interested in getting to know you first. The modify of business cards is important. If it is possible, get them printed in Spanish. This goes for any some other literature you will be using for business matters. Executives and world(a) managers are expected to take up suits, whereas low-level managers ordinarily wear panabrisas, shirts left untucked and worn over trousers. Foreign business community should always wear dark suits on their first visit, but later may wear panabrisas if their business associates do at the next meeting. Businesswomen should wear dresses or skirts and tailored blouses. Since Panamanian women are now moving into higher managerial positions, there should be no difficulties for women doing business. Be aware of the importance of titles: Licenciado for a BA holder; Doctor for a Ph.D., lawyer or health check doctor; Arquitecto for an architect and Ingeniero for an engineer.

There are some anti-American feelings felt in Panama. To prevent an uncomfortable situation by saying something that may offend, avoid discussing local politics, the former groove Zone and racial issues. Business Hours Office hours are usually Monday to Friday, 8:00 a.m. to Noon, and then 1:00 p.m. to 5:00 p.m. Importance of Relationships remain to invest a considerable amount of time maturation good rapport and a pleasant, relaxed relationship before discussing business. Establishing an atm of trust is a precondition to a successful business relationship. Good topics for small talk are football (soccer), Panamanian history, literature and places to visit... If you want to get a full essay, edict it on our website: Orderessay

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