Law 51 of October 27, 2016 establishes the Regulatory Framework for the Implementation of Exchange of Information for Tax Purposes and prescribes other provisions in virtue of the covenants subscribed by the Republic of panama in relation to exchange of tax information, fully in force. This new regulation establishes...
Employees of private and public companies shall benefit from paternity leave
As from the month of May, employees of private and public companies shall benefit from a paid paternity leave as established in the recently approved Law 27 of May 23, 2017, when his wife or partner in conditions of singularity gives birth. The employee must have informed his employer...
Our obligations for legal persons
With the approval of the Law 52 on the 27 of October of 2016, societies and private interest foundations that do not make operations that are perfected, consummated or take effect within the Republic of Panama, are obliged to keep accounting records. According to the normative, which will come...
The expanded Canal Demands Taking Precautions
We all agree that the huge expansion of the Panama Canal came to revolutionize the maritime industry and the global trade, but, the increased transit of goods through our ports and free zones also involves the risk of an increase in counterfeiting activities. Certainly, our customs authorities are implementing...
Colon’s Free port, a pearl in the Atlantic
By establishing a special economic system, which states Colon’s city as a free zone. Panama aims to invigorate the touristic, economic and commercial life of the Atlantic’s coast. Once it has been established –in the next four months- the law known as Colon’s free port will allow all the...
The business sector has always been the target of scammers and thieves, including employees and related parties trying to steal money and goods, there is no reason to believe that the IT tools got you fully protected. It is common to hear news about cyber attacks against companies, but...
We avoid you from having a bad time due to lack of records
Panama has been a country traditionally open to domestic and foreign investment, but as it is abundant in granting facilities for business development, has been proposed to eliminate any hint of doubt about the origin of capitals.
Panama reinforces anti-piracy measures
Anti-piracy measures in Panama apply to brands registered in the Republic of Panama and are effective when the brands are registered both in the Customs Office and the Industrial Property Authority.
Minimum Wage in all the National Territory
REPUBLIC OF PANAMA MINISTRY OF WORK AND LABOR DEVELOPMENT Executive Decree No. 93 Which sets the new minimum wage rates throughout the national territory THE PRESIDENT OF THE REPUBLIC in exercise of his constitutional and legal powers. CONSIDERING: That the Government of the Republic of Panama, aware of its responsibility...
Deadline to change bearer shares ends
The companies that issued bearer shares before May 4 of this year, 2015, should replace them by registered share certificates or deliver them into custody, before December 31. It should be noticed that the law governing such shares, which came into force on May 4, states that: “All companies...
