Environmental Incentives Law in Panama
16/06/2021Podcast: Intellectual Property 101 – Frequently Asked Questions about Trademark Registration
19/07/2021Law No. 219 of Thursday, June 3, 2021, which promotes the development of minor baseball categories and creates the Special Regime for the Establishment of Transnational Professional Sports Academies of Baseball or other Sports Discipline in Panama
The purpose of this law is to promote the development of minor categories of Panamanian baseball through a high-performance center and to create the Special Regime for the Establishment of Transnational Professional Sports Academies of Baseball or other Sports Discipline in Panama.
Law 219 of June 3, 2021 aims to:
- Promote national and foreign investment for the construction of infrastructures aimed at the comprehensive and high-performance training of athletes.
- To encourage sporting interest in young people between nine and eighteen years of age, so that they can get involved in the practice of professional baseball or another sport.
- To enhance the sporting abilities of national and foreign youth, both at the sporting and educational levels.
- Encourage the establishment of transnational sports academy headquarters, so that they invest in the establishment of professional baseball academies or other sports disciplines.
- Provide alternatives beyond the playing field so that these young people have a greater chance of obtaining sports scholarships at foreign universities.
- Stimulate the country’s economy by developing all those activities that generate the construction, development and operation of high-performance transnational professional sports academies at the national level.
