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.
Category Archives: Commercial Transactions
Excecutive meeting 01.25.23 – Chamber of commerce
The central theme focused on the instability, insecurity, and skepticism of the local consumer as a result of the COVID-19 pandemic.
The Pfizer Bivalent Vaccine Arrives to Panama
Last Tuesday, January 10, a batch of 75,600 doses of Pfizer’s Bivalent vaccine against COVID was received in Panama.
Electronic Documents and Signatures Regulations 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.
Peculiarities of Conflicts Generated from Civil Works Construction Contracts
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.
Personal Data Protection
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.
Medicinal use of Cannabis
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.