# Technology

> Panama is Central America's tech hub with 9 submarine cables, low latency to Miami, Tier III+ data centers, and territorial tax system with 0% tax on extraterritorial income. Ciudad del Saber offers special incentives for tech companies.

[Canonical page](https://investpanama.biz/en/invest/technology)

Panama has established itself as the region's digital connectivity center, with over 15 submarine cables connecting it to the world. The SEM regime offers a 5% corporate income tax rate for multinationals, and Ciudad del Saber provides complete tax exemptions for technology and innovation companies.

## Key figures

- **9** — Submarine Cables _(Source: TeleGeography 2026 (submarinecablemap.com))_
- **185** — Active MNCs _(Source: MICI Dic 2024)_
- **$24.2M** — SEM Investment 2024 _(Source: La Estrella 2024)_

## Opportunities

- **IT Nearshoring** — Software development and technical support services for US companies.
- **Fintech** — Regional banking hub with favorable regulatory framework.

## Resources

- [PROPANAMA - Technology Sector](https://propanama.gob.pa/)