Panama
Contact Information:
Address: Nikken Panamá, INC. Gal Floor, Local 51 y 52, Vía España y Vía Brasil, Panamá, Rep. De Panamá
Phone: (507) 264 46 25
Fax:   (507) 264 67 58
Email: - Servicio.Pan@nikkenlatam.com
2nd Email: - Ordenes.Pan@nikkenlatam.com

Website: http://www.nikkenlatam.com

Country Pack Links:
Country packs provide the necessary marketing material relative to operating in a particular country. Nikken has now made the country packs available for free in electronic format. In addition, you can still order printed material from Nikken.

Tips for doing business:

  • Before sponsoring or conducting Nikken business in Panama, it is the distributors esponsibility to research and comply with all immigration, visa, identity card like a foreign resident and registration rules, tax requirements and other due demands of Panama.
  • Any individual of legal age, legally residing in Panama, needs to obtain an identity card to be a Nikken Distributor.
  • Distributors must provide Nikken with their identity card at the moment they sign up
  • A distributor may sponsor eligible individuals who reside in Panama to become Nikken Independent Distributors
  • Special Licensing/Tax requirements
    *Identity card: All the distributors must have their Identity card and submit it at the moment that they sign up.
    *Value Added Tax: Panama has a 5% Value Added Tax (VAT is called ITBM in Panama). On wholesales, the ITBM is assessed on the value of the product, just in the products, in the services case or intagible things the ITBM doesnt apply. The ITBM will show separately on the distributors invoices.
    *Tax Invoices: Nikken Panama will provide the distributors with a monthly factura specifying the purchases of the month.
  • 12.50% Withholding Tax

General Info:
*Office hours for Nikken Panama, Inc. are Monday through Friday 9:00 a.m.  9:00 p.m. local time. Saturday 9:00 a.m.  2 p.m. local time.
• Independent Distributors may not make any purchases until they have completed the sale of 70% of previously purchased product.
• Purchase orders can be registered by fax or directly in the offices of Nikken Panama.
• VISA, MasterCard, Debit Cards or bank password (for account number please contact the offices of Nikken Panama) at any HSBC bank in the country. To pay by credit card the customer must sign the respective voucher. (We do not accept cash or checks).