15 11, 2021

Law 254 of Nov., 2021 on Accounting Records obligations updates for companies and foundations.

Law 254 of November, 2021 Changes on Accounting Records Requirements - On November 11, 2021, the  Panama government enacted Law 254, which introduces adjustments in terms of fiscal transparency and prevention of money laundering. This law is divided into three main points; Accounting Records, Due Diligence and the System of Registration of Final Beneficiaries. In

15 11, 2021

Law 254 of Nov. 2021, on the Panama System for the Registration of Final Beneficiaries.

Law 254 of November, 2021, and the revisions made to the Panama System for the Registration of Final Beneficiaries On November 11, 2021, the government of Panama enacted Law 254, which introduced adjustments in fiscal transparency and the prevention of money laundering. This law is divided into three main points: Accounting Records, Due Diligence, and

15 11, 2021

Law 254 of Nov. 2021, and its updates regarding Due Diligence obligations.

Law 254 and its updates regarding Due Diligence obligations on obligated subjects. - On November 11, 2021, the government of Panama enacted Law 254, which introduced adjustments in fiscal transparency and the prevention of money laundering. This law is divided into three main points; Accounting Records, Due Diligence, and the System of Final Beneficiaries. This

7 09, 2021

What Types of Vessels Can I Register in Panama?

There are several important benefits that come with registering a vessel in Panama, which is why the country has become the top choice for shipping companies and private boat owners. In fact, there are more than 8,000 maritime vessels that have registered in Panama, which means there are more ships flying the Panama flag than

27 08, 2021

What is Unique about Panama’s Vessel and Ship Laws?

People from all over the world like to register their ships and vessels with Panama. When it comes to registering your vessels and ships, the laws are different than other countries, so what should you know? Here is a basic guide on the uniqueness of Panama laws. There are three main reasons that Panama’s vessel

14 07, 2021

Is Panama the Best Choice for Your Offshore Corporation?

There are plenty of great reasons to take your business offshore, but how do you select the right location for your business? This could be one of the most important decisions you make for the future of your company, so it’s critical to weigh up all the potential benefits and drawbacks of your potential offshore

1 06, 2021

8 Reasons to Take Your Company Offshore

Setting up an offshore company isn’t as hard as many people believe. Yes, there are many steps to the process, and many variables that you need to consider. However, the benefits of making the move can be extensive. So, why are so many corporations choosing to take their operations offshore? What is so attractive about

27 05, 2021

New Visa Program in Panama: Qualified Investor Visa

To encourage and reactivate Panama's economy, the National Government, through Executive Decree No. 22, dated October 15, 2020, created within the category of Permanent Resident for Economic Reasons, a new visa known as Qualified Investor Visa, for those foreigners who can contribute to the development of investments in the Republic of Panama. To demonstrate the

10 02, 2021

Panama Offshore Company Formation: 5 Important Steps

There are several important benefits associated with forming a Panama offshore company, which is why this country is so attractive to many corporations all over the world. However, while it is not exactly difficult to get set up in Panama, that doesn’t mean it’s a matter of clicking a few buttons and filling out a

1 02, 2021

 Why You Should Work with an Attorney to Register your Ships & Vessels in Panama

The Maritime Authority of Panama (Autoridad Maritima De Panama (AMP)) is the governing body that oversees all of the vessel registrations in the country.  This is the organization that you will have to work with in order to register your vessel or fleet of vessels if you plan on taking advantage of the many benefits