Publications

An analysis of the legal framework for entrepreneurs in Panama

September 25th, 2017

Did you know that 20% of the Panamanian population are entrepreneurs? Our country, with almost 4 million residents and a dynamic market with large companies, concentrates its largest number of entrepreneurs in Panama City and Colon, according to a study performed in 2015 by the Global Entrepreneurship Monitor (GEM). The term entrepreneur may be defined […]

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  • Fotografía de Adolfo González-Ruiz

The Spin-Off as a Corporate and Tax Planning Tool

September 7th, 2017

Five years after having enacted Law 85 of November 22nd 2012, which supplements the concept of spin-off of corporations to the Code of Commerce of Panama, still not many know the appeals that it has as a legal tool. Let us begin with a definition. What is a spin-off? A spin-off consists in the partial or whole […]

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  • IGRA: Mariano Oteiza Jr. julio 2011.

Novel incentives for maritime financing operations in Panama

August 14th, 2017

In the centenary year since the foundation of the Merchant Marine of the Republic of Panama, a creative and modern piece of legislation has been recently enacted with the intention to launch our country as a regional center for the financing of the maritime industry. We refer to Law N°50 of June 28th, 2017 (hereinafter […]

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  • Joel Medina

Unjustified tardiness as justified cause of dismissal: interpretation and analysis

June 19th, 2017

Recently, the Superior Labor Court of Panama, by ruling in second instance (appeal) on the labor complaint for unjustified dismissal filed against a Colon Free Zone company, declared fully justified the dismissal of an employee who had repeated unjustified tardiness and, consequently, acquitted the defendant company of all liability towards the economic claims of the […]

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  • Javier Vallarino - Web

Myths and realities of Panamanian Corporations

May 24th, 2017

During the last months the reader surely has come across diverse and perhaps incompatible information on the legal framework regarding the creation of corporations and private interest foundations. In such a context, it is not surprising to see a variety of questions arise. With this article, I intend to contribute to this debate with some […]

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  • Michelle de De la Guardia

Panama as an added value to SEM companies: a reflection 10 years later

April 24th, 2017

Ten years have elapsed since the enactment of Law 41 of 2007, whereby the Special System for the establishment and operation of Multinational Corporations Headquarters (SEM) was created in Panama. As of that date, 134 licenses have been issued for SEM companies in Panama, according to data from the Multinational Corporation Directorate of the Ministry […]

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  • MIDLG 4079

Essential Steps – MIGRATION

September 22nd, 2015

Essential Steps to apply for an immigration status in Panama Request your criminal record. The criminal record is a document that you shall need for any immigration status you want to apply. You can request it in your country of birth or the country in which you currently reside (in this case, you shall also have to provide a copy […]

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  • Panama City

Tax Residency Certificate

January 22nd, 2015

By:  Pablo González pablog@icazalaw.com Law 33 of July, 2010 modified by Law 52 of August 28th, 2012, Resolution No. 201-10860 of August 26th, 2013 and Executive Decree No. 958 of August 7th, 2013 regulate the subject of Tax Residency in Panama. In our country, the tax residency certificates in principle are only applicable to residents […]

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  • punto ICAZA-01 - Copy

New Provisions to Banking Groups

December 22nd, 2014

New provisions applicable in relation to the consolidated supervision to the banking groups by the Superintendence of Banks of the Republic of Panama. Recently, the Banking Authority issued Agreement 7 of 2014, whereby a number of parameters is established for the consolidated supervision of what the law calls Banking Groups, defined by the Banking Law […]

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  • Panama City

New Immigration Regulations

October 22nd, 2014

NEW IMMIGRATION REGULATIONS By Ayleen Quintero – Associate ayleenq@icazalaw.com The Executive Decree 534 of October 3rd, 2014, which regulates the special immigration system established by Law 32 of April 5th, 2011 was published in the Official Gazette No. 27,636-A of October 6th, 2014. The aforementioned Law establishes a Special, Comprehensive and Simplified System for the […]

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  • AYLEEN QUINTEROweb