Panama’s unusual currency journey through dollarization is a fascinating tale of economic strategy and adaptation. This post explores the reasons behind adopting the U.S. dollar, its impact on economic stability and growth, and the challenges of having limited monetary control
Author Archives: anorcodigitalweb
Social Progress in Panama- Healthcare and Education Milestones
Panama’s journey towards social progress is marked by significant improvements in healthcare and education. This post delves into how the nation has enhanced medical care and education systems, resulting in a healthier, more educated, and empowered population, paving the way for a brighter future.
Types of Trademarks
Explore the various types of trademarks defined by Article 90 of Law 35 of 1996 (amended by Law 61 of 2012), including denominative, figurative, mixed, olfactive, sonorous, and tridimensional trademarks. Understand the distinctive elements that make each type unique.
Understanding Trademark Misuse Consequences
Discover the legal framework, actions taken by the National Customs Authority (ANA), and the process involving inventory, official valuation, and notifications to rights holders and third parties.
Understanding ITBMS Rates in Panama: 7%, 10%, and 15%
Learn when to register, how to handle invoices and declarations, understand ITBMS rates, exemptions, and reduced rates, and why seeking tax advisory services is crucial.
United States and Panama: Strategic Semiconductor Supply Chain Partnership
Discover how the United States and Panama join forces to enhance the semiconductor supply chain. Explore the strategic partnership’s impact on diversification, economic growth, and regional competitiveness in the digital age.
All about trademarks – Part II
<div class=”vce-asset-background-simple-item” style=”background-image: url(https://anorco.com/wp-content/uploads/2023/08/NEW-TrademarksV6.jpg)”></div> All about trademarks (II) &lt;/p&gt;<br />&lt;img src=”data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7″ data-wp-preserve=”%3Cstyle%3E.vce-row-container%20.vcv-lozad%20%7Bdisplay%3A%20none%7D%3C%2Fstyle%3E” data-mce-resize=”false” data-mce-placeholder=”1″ class=”mce-object” width=”20″ height=”20″ alt=”&amp;lt;style&amp;gt;” title=”&amp;lt;style&amp;gt;” /&gt;<br />&lt;p&gt; How are trademarks classified?Trademarks are classified as product trademarks and service trademarks. Is there a trademark classification system?The trademark classification system is called the Niza Classification. It is an international classification that applies to theContinue reading “All about trademarks – Part II”
Frequently asked questions about the Single and Private Registry of Final Beneficiaries
Get answers to the most common questions about the Single and Private Registry of Final Beneficiaries (RUBF) in Panama. Learn about the system’s purpose, the responsible entity for compliance, registration requirements, costs, and the legal basis behind it.
Single and Private Registry of Final Beneficiaries in Panama: Enhancing Transparency and Combating Money Laundering
Learn about the significant initiative implemented by Law 129 of 2020 and Executive Decree No. 13 of 2022, which established the Single and Private Registry of Final Beneficiaries of Legal Entities (RUBF) in Panama. Understand how this registry promotes transparency in the financial system, combats money laundering, and strengthens the integrity of the country’s business system. Discover the required information that resident agents must provide and the role of the Superintendency of Non-Financial Subjects in administering and safeguarding the RUBF.
Electronic Billing in Panama: Taxpayer Obligations and Exemptions
Learn about the recent Decree No. 147 of May 26, 2021, which mandates all taxpayers, including individuals and legal entities, to issue invoices or equivalent documents for legitimizing their operations. Discover the exemptions for liberal, artisan, and artistic professions, as well as lawyers who can opt for the Electronic Billing model instead of using fiscal printers.
Qualship 21 Program: Ensuring Safe Maritime Trade and Environmental Commitment
Discover the significance of the Qualship 21 Program recently entered by the Panama Maritime Authority (PMA). Learn about the incentives offered, including reduced examination scope and limited oversight, to vessels that demonstrate compliance and good environmental management. Stay informed about the June 30th annual update of qualified flag administrations.
All about trademarks
Learn about trademarks and their importance in distinguishing goods and services. Discover why registering a trademark is crucial for securing exclusive rights.
What is PROMTUR?
PROMTUR Panama meets its objectives by working jointly with the Panama Tourism Authority and the private sector; to position Panama…
How to obtain a Panama Residence Card in 30 days?
Discover 3 investment options to obtain a Permanent Residence Card in Panama, in 30 days!
Combating Animal Abuse in Panama: Laws and Associated Penalties
Discover the issue of animal abuse in Panama and the legal measures being taken to combat it. Learn about Law 70 of 2012, amended by Law 133 of 2020, granting judges the power to penalize animal abuse. Find out about the penalties and fines associated with such conduct, ranging from imprisonment to fines and community work.
Harnessing Solar Energy in Panama: The Baco Solar Park Project
Discover how Panama is diversifying its energy mix by leveraging its excellent geographical location and abundant solar radiation. Learn about the Baco Solar Park, the newest solar energy project in the country, set to produce an impressive 84 GWZ annually.