Companies that fail to comply with the provisions of Law 23 of April 27, 2015 against money laundering and other related laws are subject to severe administrative penalties that could reach up to one million balboas.
Mergers, acquisitions and demergers are common operations on a dynamic economy, they contribute to strengthen the business sector, consolidate and improve the investment scene and provide better services to customers.
Due to the country's determination to grow through a favorable investment scenario and the promotion of professional ties, the Panamanian state includes in its legislation a statute for inhabitants of its friendly nations to live and work in Panama.
Private property is an institution that has the full support of the Political Constitution of the Republic of Panama and a comprehensive and meticulous legislation, designed to ensure legal security for people investing in real estate.
Private Interest Foundations are intended to promote national and international trade, the Panamanian legal system has included legal mechanisms regarding corporations and private interest foundations.
Aiming to keep a healthy and crystal clear business scenario, Panama put in force a law that sets regulations to prevent money laundering, financing of terrorism and financing the proliferation of weapons of mass destruction.
Panama is a safe and welcoming country that offers a wide range of opportunities to immigrants and investors. Fulfil the requirements may be easier than it seems if the interested party has the support of a skilled and trustworthy law firm.
Although existing conventional guarantees have been the historically used mechanism to ensure the return of credits and interests, they are still a complex and cumbersome procedure for financial institutions.