10 articles found in Panama

Private Client in Panama: Using Corporations and Private Interest Foundations (PPIF) For Wealth, Privacy, and Succession Panama Private Interest Foundations (PPIFs) are a hybrid between a trust and a company,...

Panama's Pensionado visa grants permanent residency based on a lifetime pension of at least USD 1,000 (PAB 1,000) per month, plus USD 250 per dependent; a lower pension of around...

Panama's Friendly Nations Visa no longer hands out instant permanent residency for a small bank deposit. You now qualify through one of three economic-solvency routes: a qualifying real estate investment...

Panama runs a strict territorial tax system: the Dirección General de Ingresos (DGI) applies the impuesto sobre la renta only to renta de fuente panameña (Panamanian-source income), no matter your...

Panama's Labor Code is strongly pro-worker: if you dismiss staff without following the strict legal grounds and procedure, the dismissal will almost always be treated as "unjustified" and you will...

ACODECO can handle many real estate consumer disputes (like defects, delays, deposits) up to a monetary limit set by regulation, usually in the low five figures in PAB/USD, through a...

Banking & Finance in Panama: How To Open Bank Accounts After the Panama Papers Since the Panama Papers and the adoption of OECD CRS and FATCA, Panamanian banks apply very...

Panama treats criminal and traffic offenses seriously, including DUI from relatively low breathalyzer ("guarómetro") readings; penalties escalate quickly and can include arrest, vehicle impoundment, and license suspension. In minor traffic...

In Panama, the standard vehicle to do business or hold assets is the Sociedad Anónima (S.A.), created under Law 32 of 1927 and registered at the Public Registry of Panama....

Most Panama beachfront offered to foreigners is not fully titled land but "Derecho Posesorio" (Right of Possession), which has much weaker legal protection and far higher litigation risk. You cannot...