Panama Business

Business in Panama is formal. Handshakes are appropriate with men on meeting and departing, but not usually with women. Use of titles is very important to Panamanians, as is punctuality. Many Panamanians take an afternoon siesta, therefore business entertaining takes place over dinner instead of lunch. Many Panamanian business people prefer to host visitors to dinner at home, where they will be treated as VIPs and given a gift. The appropriate reciprocation is to invite the host to dinner in return. Dress for business is fairly formal despite the climate; men wear lightweight suits and ties and women wear lightweight dresses and suits. Office opening hours are from 8am to 12pm, then 2pm to 5pm or 6pm on weekdays, and 9am to 12pm on Saturdays.

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