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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.

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

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.

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.

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.

Single Tax Payer Registry Update (RUC)Pursuant to Resolution No. 201-4393 of June 21, 2022, the…