Every year Panama finds its way back onto the OECD grey-list or blacklist for failure to comply with new requirements
Category: Doing business in Panama

Panama’s new superintendence: oversight of lawyers, realtors, free trade zonesPanama’s new superintendence: oversight of lawyers, realtors, free trade zones
In the week following the New Year holidays, Panama adopted Law 124 (2020). This law introduces a new independent office

Avoiding boredom in Panama: retirementAvoiding boredom in Panama: retirement
What will you do when you retire to Panama? What plans do you have for avoiding boredom? Have you considered

Your exit strategy from your Panama businessYour exit strategy from your Panama business
If you have set up your business in Panama, does your business plan include an exit strategy? How will you

Tax amnesty and telecommuting approvalTax amnesty and telecommuting approval
This past week has seen Panama’s legislature pass, with approval of the President a Tax Amnesty until the end of

Sales tax in Panama: ITBMS withholdingSales tax in Panama: ITBMS withholding
The purpose of this short post is to summarise the bookkeeping requirements for your business in Panama, particularly as it

2018 tax moratorium – property taxes, corporations2018 tax moratorium – property taxes, corporations
2018 tax moratorium Finally, after months of waiting – Law 49 of September 11, 2018 was passed – introducing the

GDPR General Data Protection Regulations PanamaGDPR General Data Protection Regulations Panama
What is GDPR? Until recently, most businesses out of the EU hadn’t even heard of it! This week it was everywhere:

Panama’s City of Knowledge: innovative developmentPanama’s City of Knowledge: innovative development
The City of Knowledge Panama’s City of Knowledge is set on the former headquarters of Southern Command. It is now

Financial services regulation: disrupting marketsFinancial services regulation: disrupting markets
Since December, Panama’s Ministry of Economy & Finance has been study possibly regulations for the financial services market. The particular