Exemptions of fines are extended until the end of the year
Panama July 2022. The Government of Panama, through the National Service of Migration of Panama (SNM) announces Exonerations of fines, which extend until the end of the year 2022. The National Immigration Service of Panama (SNM) informed its users and the general public that in compliance with Resolution No. 13680 of June 30, 2022, those […]
Why is it good to invest in Panama?
Panama is a country with a low incidence of natural disasters, where its security level is very good, in addition to an ideal strategic location and constantly improving its infrastructure, which drives the country’s economic growth. It has a stable and healthy political system with a government that prioritizes public-private partnerships, always in favor of […]
New decrees 2022
These are some of the decrees and resolutions of the current year of the Government of Panama. Resolution No. 13680 of June 30, 2022. Extend from the 1st. from July 2022 until December 31, 2022, the reception and attention of requests for exemption from fines, which remain pending payments, to foreign citizens who intend to […]
Fines in Panama
These are the violations of the provisions of this regulation governed in Panama that cause sanctions to foreigners. 1. Foreigners who do not carry their identification documentation. 2. Regular migrant who is carrying out lucrative activities without permission. The employer, agent, contractor or intermediary in charge of the contract will be sanctioned in the same […]
What can cause a deportation from Panama
There are many situations that can cause a person to be deported from Panama. One of the most common is illegal entry into the country. The fact of entering the country without a passport, or without having stamped it, is cause for alarm in the authorities, since it can become a case of a person […]
How long can I be outside of Panama without losing residency?
Many foreigners residing in Panama want to know how long they can be outside of Panama without losing their residency. These people can stay a maximum of 2 (two) years outside of Panama without losing their Residence. What precautions should the person who is going to be outside of Panama have in order not to […]
Property taxes – Payment – Discount
The General Directorate of Revenue (DGI) of the Ministry of Economy and Finance (MEF) reminds natural and legal persons to pay the Predial Tax on time. Property Tax is paid quarterly, the established dates are: April 30th August 30th December 31 Said tax is collected on all land and other permanent constructions that are carried […]
Law 254 of November 2021 on changes in the requirements of Accounting Records in Panama
Modifications to the obligation of Accounting Records for Companies and Foundations in Panama. This law deals with adaptations in terms of fiscal transparency and prevention of money laundering. Summary: Previously, the Corporations and Foundations of Panama, with operations or assets outside the country, had to have Accounting Records and supporting documents. So what does this […]
What do I need for a Panamanian minor to travel abroad?
According to Article 40 of Decree Law number 3 of February 22, 2008–Law 113 of December 10, 2013, the departure of Panamanian minors will be allowed if the following requirements are met: Everything will depend on whether the minor is traveling with both parents, with one of the parents or with an authorized person. The […]
What are the advantages of investing in real estate in Panama
Panama has become one of the best options to invest today because it simply offers everything an investor could want. It is noteworthy that investors are not only allocating resources to real estate, but also transnational companies are moving their headquarters to Panama to manage their operations in Latin America: this opens up the panorama […]