International Business Companies (IBCs) are the most prevalent and versatile type of offshore entity available in Seychelles and are widely used in international business.

Hong Kong is a jurisdiction that is considered one of the best financial centers in the world that is extremely attractive for investors and those seeking to establish a company in a multicultural city.

Delaware LLCs have the best characteristics of partnerships and corporations as there are a great option for investors who want to formalize their businesses and gain credibility.

The Nevis Business Corporation Ordinance, of 1984 and its amendments, offer many advantages allowing it to compete with other international business centers.

The Cayman Islands is a jurisdiction favorable for investment funds and financial services. It is one of the leading financial centers in the world, being the financial sector the main source of income of the country.

The Bahamas is one of the most developed financial centers, with more than 350 banks and management companies that are subsidiaries of many international firms.

The laws of Belize are a guarantee for commercial confidentiality. Therefore an International Business Corporation (IBC) in Belize is the ideal corporate vehicle for international financial transactions.

BVI corporations are one of the most traditional in the international market, due to their administrative simplicity.

Panama was the first country in the region to enact modern legislation that would allow the formation of “offshore” companies for purposes of asset protection and tax planning. The simplicity and flexibility provided by Law 32 of 1927, makes Panamanian corporations the most common form of business entity used for both local and foreign investors.

Free Zones are part of a special simplified global regime for the establishment and operation of companies that contribute to the development of the country and the creation of jobs, framed in the global goods and services economy.

The central theme focused on the instability, insecurity, and skepticism of the local consumer as a result of the COVID-19 pandemic.

Panama has throughout it’s history held 11 population censuses, the first in 1911 and the last in 2000. It has also held seven housing censuses from 1950 to 2000.

Last Tuesday, January 10, a batch of 75,600 doses of Pfizer’s Bivalent vaccine against COVID was received in Panama.

Any public servant with political aspirations for the general elections taking place in May 2024 must resign from their position as of January 15, 2023.

Law 51 of 2008, as amended by Law 82 of 2012 (the “Law”) establishes the regulatory framework for the creation, use and storage of electronic documents and the electronic certification of signatures in Panama.

The Government of Panama enacted Law 337 of 2022 (the “Law”), for the purpose of increasing the collection of taxes and duties.

El pasado martes 4 de agosto de 2022, recibimos como expositor al Dr. Lucas Verzbolovski, presidente de AREDIS – Asociación de Representantes y Distribuidores de Productos Farmacéuticos, quien nos habló sobre su análisis de los “Medicamentos en Panamá, mitos y realidades”.

On October 26, Mr. Mario Rognoni, an associate of our firm, participated in the business forum organized by the British Chamber of Commerce entitled: “Towards a Green Economy: Challenges and Transitions in the Post-Pandemic in Panama”.

Almuerzos Ejecutivos | Octubre 2022El pasado 20 de octubre de 2022, recibimos como expositor al Lic. Francisco Bustamante Peña, Licenciado en Economía de la Universidad de Panamá y antiguo Subdirector de la Caja del Seguro Social, quien nos habló sobre “Seguridad Social: Antecedentes, historia y situación actual en Panamá. Perspectivas “. El desarrollo del tema fue

In August 2022, the authorities of the British Virgin Islands (BVI) published the new amendments made to the Business Companies Act (BCA) and its regulations.

On July 11, 2022, the sanitary measure of mandatory use of masks in open and closed spaces was eliminated throughout the territory of the Republic of Panama, with the exception of: public and private health facilities, persons engaged in the handling and sale of food; and public transport of passengers, collective and selective.

Through a Civil Works Construction Contract, a construction company undertakes to execute a project for the benefit of another called owner, who in turn is obligated to pay a certain price.

Our Political Constitution, aligned with international patterns, served as the basis for the enactment of Law 81 of March 26, 2019, regulated by Executive Decree 285 of May 28, 2021, which together constitute the general legal framework for the protection of Personal Data in Panama, setting the
minimum standards that must be met to comply in the processing of Personal Data and establishing the
applicable sanctions in case of non-compliance of the rules.

On September 1, 2022, Executive Decree No. 121 was issued, with the purpose of creating the regulatory framework that allows the supervised and controlled use and access of cannabis and its derivatives, for therapeutic, medical, veterinary, scientific and research purposes throughout the Republic of Panama, and at the same time prohibits the sale of medicinal cannabis door to door or by internet.

In order to comply with the Foreign Account Tax Compliance Act (FATCA) and facilitate the exchange of tax information, Panama enacted the following laws…

NON-RESIDENT VENEZUELANS WHO ENTER PANAMA MUST APPLY FOR A STAMPED VISA AT THE PANAMANIAN CONSULATE

Some interesting facts about the Panama CanalThis August 15th, the Panama Canal reaches 108 years of operation, which is why we take the opportunity to share some curious facts about this wonder of world trade: The cost of the Panama Canal toll depends on the weight of the vessel and the number of passengers.The cheapest toll was paid

Single Tax Payer Registry Update (RUC)Pursuant to Resolution No. 201-4393 of June 21, 2022, the Directorate General of Income (DGI) establishes the Tax Obligation for all legal entities to update the Single Tax Payer Registry (RUC, in Spanish). Pursuant to Resolution No. 201-4984 of July 12, 2022, the DGI establishes the procedure for registration of legal

National Lawyer’s Day in Panama Every year we celebrate Lawyer’s Day, a date that reminds us of the birth of Justo Arosemena, considered the Father of the Panamanian Nation, born on August 9th, 1817, and who was the promoter of the Federal State of Panama in the year of 1855. On this date, we want to highlight

Charla almuerzo | Septiembre 2017   AROSEMENA NORIEGA & CONTRERAS ha instituido un programa de charlas magistrales que se llevan a cabo periódicamente durante el año en nuestras oficinas. Estas charlas tienen como objetivo principal desarrollar y debatir temas de interés entre socios, abogados, personal administrativo de la firma e invitados conformados por importantes personalidades del ámbito jurídico, social

Charla almuerzo | Diciembre 2017 AROSEMENA NORIEGA & CONTRERAS ha instituido un programa de charlas magistrales que se llevan a cabo periódicamente durante el año en nuestras oficinas. Estas charlas tienen como objetivo principal desarrollar y debatir temas de interés entre socios, abogados, personal administrativo de la firma e invitados conformados por importantes personalidades del ámbito jurídico, social y comercial