If your desire is to grow the operational range of an international NGO, we recommend that this NGO establish a branch in Panama. The Latin American country has a privileged geographical position, from which it has greatly benefited in order to become the Logistics Hub of the Americas. Its stra...
Read MoreBy means of executive decree No. 424 of December 31st of 2019, President Cortizo approved the new minimum wage that will enter effect as of January 15, 2020 Legal basis and historical reference According to article 66 of the Constitution of th...
Read MoreBy means of Law 66 of December 13th, 2018 the Panama Pacific law has been amended with the intention of satisfying the international taxation criteria. New Changes a. The new law eliminates some of the authorized act...
Read MoreThe purpose of this article is to determine if it is possible to transfer or assign the ownership of registered shares in favor of a minor is indeed legal or not in Panama. Thus, we will provide a brief review of the...
Read MoreBy means of Law 57 of October 24th of 2018, the Multinational Headquarters regime has been amended with the intention of satisfying the new global criteria for international corporate global operations and to avoid unfair competition. New...
Read MoreBy means of executive decree No. 75 of December 26th of 2017, President Varela approved the new minimum wage that will enter into effect as of January 1, 2018 Legal basis and historical reference According to article 66 of the Constitution of the Republic of P...
Read MoreBy means of Law No. 7 of May 17, 2000, article 233A is added to the Code of Commerce to create a legal surcharge or penalty upon late payers in connection with the financing of services and wholesale goods. The amendment provides that the obligations that arise out of wholesale purchase...
Read MorePanama has been chosen by numerous companies dedicated to all kinds of commercial activities as a profit centre and a real base to coordinate their multinational or regional operations. Among the important considerations to justify the setting up of a Panama Coordination Centre are: Pan...
Read MoreBy means of Law Decree No. 5 of July 2nd, 1997, the President of Panama in use of his extraordinary legislative powers granted by the Legislative Assembly has established innovative ammendments to our Commerce Code with respect to our corporations, securities and trusts regimes. It is worth menti...
Read MoreBy means of executive decree No. 182 of December 30th of 2013, President Martinelli´s approved the new minimum wage that will enter into effect as of January 1, 2014 Legal basis and historical reference According to article 66 of th...
Read MoreThe Bankruptcy process applies in Panama to merchants and non merchants that cannot repay their debts as they become due, if and only if these debts are product of an act of commerce. This way the bankruptcy in fact arises to the judicial world when the judge declares it. This process c...
Read MorePardini & Asociados offers you the Guide to Doing Business in Panama 2023 completely FREE! Download here!
Get it now
