Regulations and Opportunities We're excited to bring you the latest updates and opportunities in Panama's dynamic onl...
Read MoreAre you seeking Immigration Only or Real Tax Residence?? The first question to be asked in relation to each asset that integrates personal weal...
Read MoreIn 1981, the United States initiated the global bilateral investment treaty (BIT) program to encourage and protect U.S. investment in developing countries. By providing certain mutual guarantees an...
Read MoreThe Private and Centralized Registry System for Final Beneficiaries of Legal Entities was created by means of the Law 129 of 2020 and...
Read MoreThis is the Panama chapter 2021 of the book International Succession Laws published by STEP & Bloomsbury Professional Panama ...
Read MorePardini & Asociados is proud to announce that Dr. Juan Francisco Pardini, partner of our law firm, and Eduardo Achurra, senior attorney, authored the Global Overview for Panama of Getting the Deal Through: Private Client in Panama Chapter: Private Client You can rea...
Read MorePanama is known for its tax-friendly and dynamic corporate environment attracting investors and entrepreneurs from other countries and contributing to economic stability. To...
Read MoreContracts form a critical part of any commercial operation, allowing businesses to enter into agreements with the suppliers, customers and distributors that drive their operation. Commercial contracts can be complex and highly bespoke, covering a range of eventualities and containing a wide range...
Read MoreIf 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 MoreThe Republic of Panama recently passed new regulations approving changes to the friendly country visa and reforestation programs as well as the introduction of the new Qualified Investor Visa. Here are the highlights. &n...
Read MoreWith increased tax regulations and scrutiny from the world international governing bodies, substance has become the new normal in terms of satisfying the criteria to achieve tax residency. Considerable pressure from the Organization for Economic Co-operation and Development (OECD) has f...
Read MoreHighlights The Panama Canal expansion was completed and opened on June 26, 2016. On October 1, 2018, a new milestone was reached with the crossing of four LNG ships in the same day through the Panama Canal. With the modifications to the operations of the canal from that...
Read MoreIntroduction The development of modern PPPs begins in the 1970s and 1980s with infrastructure projects as governments increased the participation of the private sector using Build-Operate-Transfer (BOT) and Turn-Key conces...
Read MoreAPPLICABLE TREATIES Major air law treaties &n...
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 MorePanama is on the VIP List of destinations in the world. The interest of permanent residency in Panama has remained intact for many foreigners during the last decade. The convenience of investing, business and job opportunities combined with...
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 call center legislation among other business regulations has been recently modified by the government of Panama to comply with international requirements related to fiscal transparency towards voiding Base erosion and profit shifting (BEPS) in practices such as “ring fencing”.&n...
Read MoreThe object of this article is to determine the level of liability that the directors and managers of airline companies in Panama could be subject to in connection with the nature of their position within the airline. In order to determine ...
Read MoreThe Panama´s Civil Aviation regulation provide the legal framework for aircraft foreign repairs station (FRS) in Panama. Book XVIII as amended by CAA Board of Directors Resolution No. 13 of March 16, 2018 states the list of the technical requireme...
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 MorePANAMA Private Client 2019 Juan F Pardini, Eduardo Achurra and Juan R Sevillano Pardini & Asociados Pardini & Asociados is delighted to be part of the seventh edition of Private Client, 2019 of...
Read MoreThe purpose of this article is to determine the legality of the transferring or assign of the ownership of registered shares in favor of a minor. Thus we will provide a brief review of the current Panamanian legislation. We must start from the fact that ...
Read MoreThe following is an update of some important aviation litigation cases in Panama that we are handling. CAISA v KLM Amicus Curiae filed by IATA, Lufthansa, United, COPA, LAN Back in 2013, CAISA, a Panama pig breeding company filed a c...
Read MoreDr. Juan Jose Espino, partner of Pardini & Asociados, co-authored the Global Overview of Getting the Deal Through: Air Transport 2019 published online last 3rd October. The publication of Air Transport addresses the most important advice from experts about: Regula...
Read MoreIntroduction The Petroleum Free Zone concept is inherent to Panama's historical condition as an international commercial, maritime and trade center due to its strategic geographical position. The free zone is mainly an area within which all transactions are tax free...
Read MoreCurrently, many VPN service providing corporation based in Panama, guarantee their clients, that Panama legislation does not obligate them to maintain a data record of their client´s online activity. Nonetheless, due to some international regulation and a new interpretation of the District ...
Read MoreThe Directorate General of Revenues, most commonly known as “DGI”, attached entity of the Ministry of Economy and Finance of the Republic of Panama. Adopted past March 7, 2018 Resolution No.201.1254, which establishes that corporations constituted in the Republi...
Read MoreAlthough physically, it is not possible to revive a legal person (a corporation in this case) already dissolved and buried, actually it is legally possible thanks to the reform of the Code of Commerce offered by Law 85 of November 22, 2012. More precise...
Read MoreDr. Juan Jose Espino, partner of our law firm, co-authored the Global Overview of Getting the Deal Through: Air Transport 2018. The publication of Air Transport addresses the most important issues and gives ‘first step’ advice from local experts in key jurisdictions, covering: Regulat...
Read MoreDr. Juan Jose Espino, partner of our law firm, co-authored the first edition of Aviation Liability of Getting the Deal Through. This publication details the complex interplay of laws, regulations and international treaties that determine who is responsible when things go wrong in the air. Topics ...
Read MorePardini & Asociados in its continuous purpose of providing greater and better services to our clients is pleased to expand its services to Citizenships programs in several jurisdictions of the Caribbean. These programs are well recognized to comply with the most strict global m...
Read MoreIt is well know that current economic situation has evolved to the position where the biggest global economies through their government have tighten their tax regulation. The procurement of a second residency and/or citizenship has been often an exit measure in regards personal tax expo...
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 MoreLaw N°1 of 1984 was at the time of its enactment one of the most innovative laws for wealth planning in Latin America. Prior to Law 1, Panama had already enacted in 1925 the first trust Law in Latin America. Law N°1 has been recently amended by means of Law 21 of 2...
Read MoreIntroduction The registration of titles and mortgages of ships in the Republic of Panama has its origins with Law 63 of 1917, which reformed the Tax Code. As of 1993, the Panama ship registry crossed the threshold as the largest naval registry in the world and...
Read MoreSince 1917, the Panamanian Judicial Code has recognized Judicial Auctions as a way for plaintiffs to execute their credits and recover the funds owed. By initiating a judicial process called “Executive Process”, in which there are no disputes over the facts and applicable right...
Read MoreAlthough physically, it is not possible to revive a legal person (a corporation in this case) already dissolved and buried, actually it is legally possible thanks to the reform of the Code of Commerce offered by Law 85 of November 22, 2012. More precisely, Article 528-A, introduced by L...
Read MorePardini & Asociados is proud to announce that the law firm has contributed to the Panama chapter of the International Succession Laws book in collaboration with the Society of Trust and Estate Practitioners (STEP) and Bloomsbury Professional. The article was written by Dr. Juan Francisco Pa...
Read MoreSince the late 1950’s Panama has been at the forefront of developing its logistics and trading capacities through the creation of especial free zones regimes. Traditionally and until 2011 the Rep. of Panama had created 4 different trade zones via especial laws regime, all of which are state...
Read MoreIntellectual property (trademarks, copyright, ...
Read MoreLaw 51 of 28 October 2016 regulates the framework under which financial institutions must collect and report specified information to the appointed Panamanian supervising authorities. The Law requires that all financial institutions must perform or establish due diligence protocols and ...
Read MoreIn this hectic and material world, the goods that are marketed fall into two broad categories: tangible and intangible, which in turn have subcategories. ...
Read MoreAccording to Panama Arbitration Law, the rules established on itself will only apply to Arbitrations handled at Panama Arbitration Courts. Nonetheless it has an exception which comprehends a few articles that will also apply to cases that are or will be handled at a foreign Arbitration Court....
Read MoreWe should begin by understanding the kind of company that the wording of Law 8 of 2010, as amended by law 114 of 2013 and regulated by Executive Decree 199 of 2014, are referring to, according to the conditions to be met: Inc...
Read MoreACCOUNTING RECORDS All companies especially those whose operations are not carried from the Republic of Panama are required to maintain accounting records and all supporting documentation. The accounting records are to be maintained for a period of no less tha...
Read MoreLast December 28, 2015, the Ninth Court of the Civil Circuit of Panama, resolved an Antitrust Claim, filed by the Panamanian Authority of Consumer Protection and Defense of Free Competition (also known as ACODECO) against some international airlines like American Airlines, Delta Airlines, Taca In...
Read MorePanama's carriage of goods by sea legislation dates from 1916 when the original Code of Commerce was enacted. Since then its carriage of goods chapter has not suffered any amendments. The Republic of Panama, a strategically located country with a historical tradition for being a pas...
Read MoreThe Convention for the International Recognition of Rights over Aircraft's, approved in Geneva in 1948, was formally ratified trough Law No. 23 of April 27, 1998 issued by the Republic of Panama. This International Convention covers several principal matters: ...
Read MoreBy means of Law 85 of 2012, regulations were introduced regarding corporate spin-offs, mergers and transformations of commercial companies in Panama. Law 85 provides the legal framework for the demerger or spin-off of companies as a form of business reorganization and also allows the reacti...
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 MoreBy means of Law No. 45 of June 4, 2003 , published in the Official Gazzette No. 24,818 of June 9, 2003 , the Republic of Panama updated its criminal legislation by incorporating to XII Title of the Second Book of the Criminal Code, a Chapter VII, named Financial Crimes. ...
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 More"A new instrument to promote and protect investments in Panama" As part of its efforts to consolidate its Economic Reforms Plan, which has led to the establishment of several bilateral commercial agreements to promote both domestic and foreign investments, and based upon ...
Read MoreA. Introduction Panama enacted for the first time its antitrust legislation in 1996, by means of Law No.29 of February 1, 1996, "whereby antitrust provisions and other measures are taken" (hereinafter "the Antitrust Law"). The Antitrust Law, which al...
Read MoreA. Investigations, litigation or inquiries from Government Agencies Not many cases have been filed for investigation in connection with competition issues. The most relevant cases filed during the calendar year 2000 were the following: 1. Investigati...
Read MorePanama’s geographic location, international banking center, flexible corporate regime, and its Canal, are what make this country interesting for foreign and domestic investors. These investors need fast and effective mechanisms to solve any controversies that may arise due to their business...
Read MoreSince April 6th, 2011, the legislation about free zone areas was modified by means of Law 32 of 2011. The new regulation contemplates many changes in regards to the definition of free zone area as well as its fiscal benefits and requirements for getting established. The new law unifies ...
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 MoreWe had to deal recently with the responsibility arising out of unpaid taxes when a company is dissolved having retained earnings subject dividend taxes. Article 528-A of the Commercial Code, added by Act 85 of 2012, deals with the dissolution of companies and explains causes and effects...
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 MoreThe consistent economical growth of Panama has brought to the table in public and private forums the irrefutable reality of an existent need of continuous and reliable source of energy that could guarantee a peaceful performance of national economy for the next years. Nevertheless, although we al...
Read MoreThe former legislative period 2002-2003 ended with the merger of three (3) bill proposals, all of which provides tax incentives for the establishment of hydroelectric power plants in the country of Panama. This unified text for one single Bill came as a result of a meeting held bet...
Read More1- Law 11 of 2012 establishes a special regime of social interest over mineral, hydro and environmental resources located within the Ngabe Bugle indigenous reservation and adjacent areas (the “reservation”). ...
Read MoreBy means of Law 41 of July 1, 1998 (the Environmental Law) the framework legislation whereby the standards of protection, conservation and recovering of the environment was enacted. It immediately created the Environmental National Authority ("ANAM", for the Spanish acronym) as an auton...
Read MoreIn 1999, the Republic of Panama enacted the Law Decree No.1. The country entered into the new millennium with a strong, updated and modern legislation of securities. However, the changes on international markets forced the Republic of Panama to change its securities legislation once again. ...
Read MoreUnder the recently enacted legislation on insurance, reinsurance and captive insurance companies, the Panamanian Government has instituted substantial reforms in this important sector. The goal sought by these reforms is to bring the insurance business up to the modern economic trends, encouragin...
Read MoreSince 1983, several draft bills of laws were proposed to regulate leasing business in Panama, but failed to call the attention of Panama Legislative Assembly during previous governments, and thus, leasing operations were carried on an unregulated environment and faced different problems...
Read MoreMost acquisitions in Panama in the late 90’s resulted from the government's privatization program, such as the purchase of control of the electric generation companies by affiliates of Enron Corporation, El Paso/Hydro-Quebec and AES Corporation, the acquisition of the electric distribut...
Read MoreWhen the original Petroleum Free Zones legislation was passed back in 1992, we said that Panama was poised to become a major oil and downstream products redistribution centre for two main reasons: one is the existence of the Panama Canal creating a natural bunkering market as well as a transshipm...
Read More1. INTRODUCTION Oil companies started exploring certain regions of Panama since 1917. Some of them were the Royal Dutch Shell Company. British Controlled Oil Fields Ltd., Gulf Oil Company, the Texas Company, Cities Service Company and Sinclair Oil Corporation. Explorations and...
Read MoreIn the last two (2) years, different foreign companies such as MasterCard, Dell Computers and call center operators such as Atento, Sitel, BT and others have visited Panama, interested in setting up and operating call service centers, since there is a good amount of bilingual young people, compet...
Read MoreBy means of Executive-Decree 343 of 2012 has improved the immigration legislation by creating a new Permanent residency category denominated as “Foreign applicants from countries with harmonious professional, friendly, economical and/or investment relations with the Republic of Panama&rdquo...
Read MoreAny applicant hired by a company within the 10% of the Panamanian payroll or 15% (Technicians) will be entitled to opt for a permanent residency status as long as the process is completed. The migratory process starts by filing an initial temporary residency application at the National ...
Read MoreThe enactment of Panama-USA free trade agreement has requested the modification of several national and traditional legislations. As an example, a significant change has been performed to the definition of Wholesale business. By means of Law 62 of 2012 the definition of wholesale busine...
Read MoreIn the last twenty months, the Republic of Panama has signed several double taxation treaties with countries such as Mexico, Barbados, Netherlands, Portugal, Spain, Singapore, France, Ireland, Israel, Italy, South Korea, Czech Republic, Qatar, United Arab Emirates and Barbad...
Read MoreBy means of Resolution No. 201-10861 of 2013 the Panama Government established the procedures for the procurement of the tax benefits before the National Authority of Public Income. Certification •Any natural person or corporation must process before the National Autho...
Read MoreSince Canada and Panama launched their free trade negotiations , both countries announced on August 11, 2009, the conclusion of negotiations towards a free trade agreement (FTA), as well as agreements on labour cooperation and the environment.The main elements covered by the FTA include: ...
Read MorePanama has been chosen by numerous Fortune 500 companies dedicated to all kinds of commercial activities as a profit center and a real base to coordinate their multinational or regional operations. Multinational companies have established their operations base in Panama to provide their...
Read MoreIn the beginning of the 90's, the Republic of Panama joined with the World Trade Organization. One of the most important requirements required by the international Organization was for Panama to amend and update its intellectual property laws. The purpose was the harmonization of ...
Read MoreNew rules approved by means of Law 27 of 2015 further regulated by Executive Decree 263 of 2015 impact directly the tax advantages of intellectual property transactions to persons located within Panama. These rules consider taxable income in the Republic of Panama, all income received b...
Read MoreConfusion may arise as to deciding when to register a trademark, when is protection granted or really needed. Trademarks are registered every day in many countries around the world and many treaties have been signed to extend this protection worldwide. Nevertheless, the specific time ...
Read MoreI. Introduction By means of Law No. 23 of July 1997, published in Official Gazette No. 23,340 of July 26, 1997, Panama adopted the Marrakech Protocol, the Panamanian Accession Protocol with its annexes and the Panamanian list of commitments. This law also included new r...
Read MoreThe privatization of the gaming industry in1998, Panama has turned into one of the most successful gaming jurisdictions in the region. The passing of new gaming laws and regulations have provided for security in investments by major international gaming operators and thus, provided fans with the ...
Read MoreThe previous Legislative Period ended with the approval in Third Debate of a Bill whereby the Criminal, Commercial and Judicial Codes, as well as Laws 15 of 1994 and 35 of 1996, regarding industrial property rights, were to be modified. This initiative to amend the Criminal Code goes in...
Read MoreAt the end of June 2003, the Legislative period ended with the approval in Third Debate of a Bill whereby Articles 382, 383, 384 and 389, contained in the Chapter IV to be titled "Crimes against Industrial Property Rights" of the Criminal Code of the Republic of Panama are to be modifie...
Read Moreâ–ª The registration and regulation of Patents is provided by Law No. 35 of May 10, 1996, whereby “Provisions regarding Industrial Property are issued”. â–ª To patent an invention in Panama it must be a new invention, be a result of an inventive activity and be subje...
Read MoreAccording to renowned "E-Readiness Report" presented earlier this year by the prestigious McConnell International - "in every country, a relationship of trust, accountability and predictability between public and private sectors is essential. For nations with a market-oriented econ...
Read MoreRecently enacted a special law to regulate and establish personal data protection. Additionally, the Political Constitution of the Republic of Panama, as well as other legal instruments, also provide protection for the personal data of natural and legal persons. The...
Read MoreThe privatization in 1998 of the gaming industry in Panama resulted in Panama becoming in one of the most successful gaming jurisdictions in the region. The approval of new gaming laws and regulations have provided for security in investments by major international gaming oper...
Read MoreThe International Financial Services Practitioners (Code of Conduct) Regulations of Belize has been amended and now requires that “A registered agent shall at all times retain physical possession of the bearer shares certificate, whether he deals directly with the end-user customer or with ...
Read MoreUnder pressure from the OECD and related international bodies, Belize has now adopted an Accounting Records (Maintenance) Act. The requirements of this law are similar to that imposed under similar pressures by recent legislation in other offshore jurisdictions , such as the BVI and Seychelles. O...
Read MoreIn the past, we have commented on the tax rules on the sale of stocks, bonds or participation shares issued by legal persons, and warn the danger of failing to pay the advance tax on capital gains established by Law 18 of June 19 of 2006. Panama does not escape the rejection of the tax ...
Read MoreBy means of Court Judgment dated December 23, 2013, issued by the Panamanian Supreme Court of Justice, it was declared unconstitutional the phrase “given in concession” of Numeral 3 of Article 2 of Law 31 of June 18, 2010, which creates the Horizontal Property Regime that could ...
Read MoreIt is not a secret that Panama has been experiencing a real estate boom. Some others disagree with this “boom” qualification, because that phenomenon is distinguished by an abnormal growth of the real estate market, producing an increase in values which upon ending of the cycle proper...
Read MoreOne reason for Panama's successful economic growth has been its carefully planned and enlightened laws that are almost unique in the world. These laws welcome foreigners who wish to move to Panama for a second home or retirement, establish a business or make investments. There are a...
Read MoreSince 2006 the average price was $1780 to 2008 the average price is $2890 per square meter giving a 25% increase in price per year. Rental demand continue to increase. Hotels have an 80% occupancy levels and room fees have nearly doubled in the past few years. Shorta...
Read MoreWhen someone is planning to retire in a tropical paradise like Panama, owning a home, investing in land for reforestation, acquiring a beach-front property are only some of the reasons why it is important to learn the rules about purchasing property in the Republic of Panama. No matter ...
Read MoreJuan F Pardini details the advantages of the Panama trust In these times of uncertainty about the future of certain centres, Panama is coming back as a jurisdiction of choice. Moreover, Panama has been recently awarded 'Investment Grade&...
Read MorePardini & Asociados has prepared this document to assist our clients in the evaluation of alternatives offshore structures for the better planning of their assets, estate and business transactions. Please click here: ...
Read MoreIntroduction China and India might still look as the flag holders on top of the BRICS; yet it is these two emerging superpowers that initially gave Singapore its allure, but a change of tides, led by the resurgence of commodity markets, has placed the spotlight on Latin...
Read MoreMarine related creditors may primarily pursue arrest and seize assets such as vessels cargo, and freight. If by the time the court reaches a decision favorable to a claimant and the defendant has not been able to replace any of the seized properties then the court will have to dispose of the prop...
Read MoreIntroduction Panama is one of the most transited maritime routes in the world. For almost a hundred years, it has been an obliged passage for vessels. Over 14,000 vessels cross the Panama Canal every year. During the last few years, Panama...
Read MoreIn a move that recognizes both, that other registries are in the market and that there is competition between the more serious registries, Panama approved Law 25 of 3rd June 2002 which modifies and supplement Law 36 of 1995, implementing a package of tax incentives to offer the international ship...
Read MoreMaritime related time bars are regulated in Panama by article 1651 of the Commercial Code which establishes that the general statute of limitations for maritime transactions is of one year. This time limitation is applicable to all sorts of claims, be it in personam or in rem claims, with the fol...
Read MoreThe following amendments have been introduced by the Board of Directors of the Republic of Panama Maritime Authority: 1- Certifications of title of ownership , and of liens and encumbrances are now permitted to be officially issued in the english language . The certification is issued b...
Read MoreBy means of Law 23 of 2015, the Government of Panama has promoted a new legislation to combat money laundering, terrorism and weapons acquisitions. The Law responds to the continuous international claims and the listing of Panama in the FATF gray list. Law 23 uses as template the F...
Read MoreInjunctions Requests before the Panama Maritime Court In Panama, shipping is one of the most important economic engines of the country. The Canal, the State of the Art Container Ports of Balboa, Cristobal, Evergreen and Manzanillo, the expanding multimodal activities an...
Read MoreAlmost twenty years have passed since the enactment of Law 8 of 1994, which until the end of the year 2012 regulated tourism investments and incentives in the Republic of Panama. This body of law responded to a national strategy and a master plan oriented towards promoting tourism related investm...
Read MoreBy means of Executive-Decree No. 804 of 2012 a new migratory category has been created allowing applicants from any country with a College, University, Master or Doctorate degree to apply for a permanent residence in the Republic of Panama. Highlights of new category...
Read MoreBy means of Executive-Decree No. 806 of 2012 the government modifies Executive-Decree 343 of 2012 and Executive-Decree No. 416 of 2012 by increasing and unifying the list of countries that can apply for permanent residency in accordance to the immigration residency program of “Forei...
Read MoreBy means of Law 61 of 2012 Industrial property legislation (patents, trademarks and others) was modified in order to comply with the new international tendency. Most significant changes The Industrial property office will accept the re...
Read MoreThe new economical fluctuations are constantly demanding property developers and owners a more extensive range of services that may help potential buyers to fulfill their needs with lower risks. In regards to this matter, Panama’s real estate market never fluctuates or gets influe...
Read MoreBy means of Law 8 of March 15th, 2010, the Panamanian parliament members approved a substantial modification of our tax legislation in accordance to the guidelines established by President Ricardo Martinelli and its Minister of Economy and Finance, Mr. Alberto Vallarino. The ...
Read MorePanama enacted a new Law 4 of 2009 regulating Limited Liability Companies (LLCs), replacing legislation on the subject dating back to 1966. Highlights LLCs can engage in any lawful activity in the world. An LLC must be incorporated by at lea...
Read MoreToday, Panama is one of the world's top retirement destinations as well as a world class tourist location. Many buyers acquired pre sale apartments in Panama City because of its skyline reminiscence of Manhattan or Singapore: the high rise buildings facing th...
Read MoreSince 2006 the Republic of Panama has been experiencing a fast growth in different types of investments. Particularly, in the property market, this “Boom”, driven by the interaction of buyers and sellers in real estate transactions in Panama City, the beaches, islands and mountains ha...
Read MoreAccording to the Third Court of Appeals decision dated November 27, 2007, all property purchase and sale agreements must follow new rules in regards of the conditions agreed between developers and buyers, affecting all new property sellers and buyers from what is called Abusive Conditions. ...
Read MoreI. Introduction Through Laws No.21, 22 and 23 of 29th of January, 2003, the Republic of Panama adopted new regulations for civil aviation inits territory. Law No.21 of January 23, 2003, which entered into force on April 1 st , 2003, repeals Cabinet Decree...
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