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.
Tag Archives: Panamá
Promoter of Free Zones in Panama
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.
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.
Panama prepares for the Population and Housing Censuses 2023
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.
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.
Panamanian Public Servants with Political Aspirations
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.
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.
Law 337 of 2022
The Government of Panama enacted Law 337 of 2022 (the “Law”), for the purpose of increasing the collection of taxes and duties.
Towards a Green Economy: Challenges and Transitions in the Post Pandemic in Panama
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 2022
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 fueContinue reading “Almuerzos Ejecutivos | Octubre 2022”
Lifting sanitary measures
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.
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.
New Laws on International Tax Fiscal Transparency
In order to comply with the Foreign Account Tax Compliance Act (FATCA) and facilitate the exchange of tax information, Panama enacted the following laws…
Migratory Regulations: Venezuela
NON-RESIDENT VENEZUELANS WHO ENTER PANAMA MUST APPLY FOR A STAMPED VISA AT THE PANAMANIAN CONSULATE