Cultural Differences Slides

Cultural differences. Countries. Capital – Panama city Official language – Spanish Area. Capital – Kyiv Official language – Ukrainian Area. Communication and Negotiation Styles. Meeting & Greeting. Handshakes are the norm when people meet with one another. Ukrainian business people are generally less formal than in many other countries. Taxes in panama. Panama's legal and tax structures make it a pure tax haven. Taxes in Ukraine. In accordance with taxation rules in Ukraine. Workplace Etiquette in Panama. Punctuality is appreciated and the exchange of business cards is normal. Workplace Etiquette in Ukraine. Business relationships are often built right at the dinner table. Starting a business. Directors shareholders. Ukrainian law allows both citizens and foreigners to open a business. Summary. Both countries have similarities and differences. Literature.

Both countries have similarities and differences. Panama has higher position in relationship, while Ukraine remains stronger when it comes to negotiation. In Panama is acceptable to greet business associates with a kiss or hug, while in Ukraine is formal to greet with handshake. Taxes are lower in Panama for starting a business. In Ukraine you have to pay more for property and dealing with bureaucracy takes longer. So, on my opinion Panama is better country to develop your company, because taxes are low and economy is higher.