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List of the best lawyers in Panama
Panama Legal Questions answered by Lawyers
Browse our 32 legal questions in Panama and read the lawyer answers, or ask your own questions for free.
- Can my business in Panama file for judicial reorganization to stop bank asset seizures?
- My commercial business in Panama City has accumulated significant debt over the last year, and two major creditors are threatening immediate asset enforcement. We want to know if entering a formal reorganization process under local insolvency law will halt collection actions while we renegotiate payment terms. What initial financial documentation... Read more →
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Lawyer answer by mohammad mehdi ghanbari
Under Panama’s Insolvency Law (Law 12 of 2016), filing for reorganization can provide protection against individual creditor enforcement, but the protection takes effect upon the court’s admission of the petition and is subject to the statutory requirements and scope of...
Read full answer - Can I cancel a pre-construction purchase contract and get my full deposit back due to major developer delays in Panama?
- I signed a promise to purchase agreement for an apartment in Panama City and paid a substantial deposit two years ago. The final completion deadline passed six months ago, but the developer refuses to return my funds and cites general supply chain disruptions. What legal options do I have under... Read more →
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Lawyer answer by NDM Law Firm & Associates
Buen día. Sí, es posible solicitar la resolución de un contrato de promesa de compraventa por incumplimiento de las obligaciones pactadas y, dependiendo de las circunstancias del caso, reclamar la devolución de las sumas pagadas. Sin embargo, para determinar la...
Read full answer - We are a family with 2 Swiss citizens and my wife has a Filipino passport.
- How much monthly income or investment is needed for us to live in Panama and receive a permanent residency? Thank you.
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Lawyer answer by NDM Law Firm & Associates
Buen dia, En su caso, al ser ciudadanos suizos, es posible evaluar la aplicación al permiso de residencia bajo la categoría de Países Amigos (Friendly Nations). Su esposa, de nacionalidad filipina, puede ser incluida en la solicitud en calidad de...
Read full answer
Panama Legal Articles
Browse our 10 legal articles in Panama written by expert lawyers.
- Panama Territorial Tax (DGI): Impuesto sobre la Renta on Foreign-Source vs. Local-Source Income
- 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 citizenship or where you are paid. If you work from Panama for foreign clients and your services are used abroad,... Read more →
- Panama Private Interest Foundations: Asset Protection Guide
- 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, created under Law 25 of 1995, used by high-net-worth individuals for asset protection, privacy, and succession planning. Unlike a Panama... Read more →
- Panama Pensionado Visa 2026: Requirements, $1,000 Pension & Law 6 Discounts
- 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 USD 750 may be accepted if you buy qualifying Panamanian property worth at least USD 100,000. Law 6 of 1987... Read more →
About Hiring a Lawyer in Panama
In Panama, hiring a lawyer follows a similar process as in many other countries. First, a person must identify the situation that requires legal counsel. Following this, they must conduct research to find a reputable law firm or independent lawyer who specializes in the particular area of law relevant to their case. It's recommended to meet with several options and ask about their experience, pricing, and approach towards handling your type of legal issue. Once comfortable with a particular lawyer or firm, you will enter a formal agreement of representation which outlines the terms and scopes of their services.
Why You May Need a Lawyer
There are several situations in Panama that may require legal representation. These include but are not limited to: Buying or selling real estate, starting a business, immigration issues, criminal defense, civil disputes, labor law issues, family matters such as divorce, and estate planning. Having a lawyer who understands the local laws and procedures can provide distinct advantages in these situations, ensuring your interests are protected.
Local Laws Overview
Panama operates under a Civil Law system, similar to other Latin American countries, which is based on written legal codes. This system is distinct from the Common Law system found in the U.S. and other Anglo-American countries. Key aspects relevant to lawyers include property law, where Panama places few restrictions on foreign investors, business laws that favor private enterprise, and immigration laws, which permit several avenues for obtaining permanent residency. Additionally, Panama’s labor laws are generally pro-employee and understanding them is vital for any business operating in the region.
Frequently Asked Questions
1. Can a foreigner hire a lawyer in Panama?
Yes, foreigners can hire lawyers in Panama and often do so for legal matters such as real estate transactions, business set-ups, or immigration processes.
2. How much does it cost to hire a lawyer in Panama?
Legal costs can vary greatly depending on the type of service required. It is best to discuss fees upfront. Many lawyers offer initial consultations for free or a reduced fee.
3. Do I need a lawyer to buy property in Panama?
While it's possible to complete a property transaction without a lawyer, legal counsel can help ensure that all paperwork is in order and your interests are protected.
4. What is the role of notaries in Panama?
Notaries in Panama have a much more significant role than in Anglo-American countries. They verify and authenticate essential documents, record transactions, and can perform functions like drafting wills.
5. Can I use a lawyer from my home country for affairs in Panama?
While you can consult with a lawyer from your country regarding international matters, it is advisable to hire a Panamanian lawyer for legal issues within Panama, since they are familiar with the local laws and procedures.
6. Are there English-speaking lawyers in Panama?
Yes, there are many law firms in Panama with English-speaking lawyers, particularly in larger cities such as Panama City.
7. What are the benefits of hiring a lawyer for immigration processes?
A lawyer can assist with paperwork, ensure you meet all requirements, and guide you through complex residency programs, making the process easier and faster.
8. How can I verify a lawyer's credibility in Panama?
You can check with Panama’s Bar Association (Colegio Nacional de Abogados) to confirm whether a lawyer is in good standing.
9. What is attorney-client privilege in Panama?
Like many countries, Panama upholds attorney-client privilege that guarantees your legal counsel cannot disclose the information you provide.
10. Can a lawyer represent you in court in Panama?
Yes, lawyers in Panama can represent you in court and negotiate on your behalf.
Additional Resources
The Supreme Court of Justice (Corte Suprema de Justicia) has resources and information regarding the court system in Panama. The Ministry of Commerce and Industry (Ministerio de Comercio e Industrias) provides resources related to business laws. The National Bar Association (Colegio Nacional de Abogados) can provide information about practicing lawyers.
Next Steps
If you’re seeking legal assistance in Panama, your next steps should include identifying your legal needs, researching suitable lawyers, arranging meetings to understand their approach and costs, and finally, engaging their services. Ensuring you have a trusted, competent, and approachable legal representation can make a significant difference to your course of action in Panama.
Lawzana helps you find the best lawyers and law firms in Panama through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, experience, and client feedback.
Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters.
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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.
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