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Investment Incentives in the Old Town of Panama

Posted on 2017-05-03

The new law now establishes that in order to be entitled to the incentives and benefits established in the legislation, for the time frame that corresponds to each of them, the people, owners or investors must carry out their investments within ten years after the date of entry into force of this Law.

From a statement issued by the Assembly of Panama:

The National Assembly gave its approval, in a third debate, to Project 414, which once again opens up an opportunity to invest in the Historical Monumental Complex of the Old City of Panama City through an updating of the tax regime.

This initiative modifies article 30 of Law 136 of December 31, 2013, which establishes that in order to qualify for the incentives and benefits for the time frame that corresponds to each one of them, the people must carry out or realise their investments within the two years after the entry into force of this Law or with a different time frame for execution expressly indicated by the National Directorate of Historic Heritage.

 

Source: Central America Data

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