New Immigration Requirements for Venezuelan Nationals

The Panamanian Government recently included the Bolivarian Republic of Venezuela in the list of countries whose nationals require a stamped visa by a Consul in order to enter the national territory. This new legislation entered into force on October 1st of this year, as set...

Horizontal Property and the Amendments to the Real Property Tax

The owners of real property which are subject to the Horizontal Property Regime are under the obligation of paying taxes both in respect to their real estate unit and the land on which the same is built. Law 66 of October 17 th , 2017 published by means of Official Gazette No....

Obligation of Keeping Accounting Records for Companies that do not Perform Operations in Panama

Law No. 52 of 2016 has been regulated by Executive Decree No. 258 of September 13 th , 2018. The scope of the law had been clearly established by this regulation, which states that legal persons who do not perform acts of commerce in Panama, must keep their Accounting Records...