Panama Law 254: Understanding Panama’s Corporate Compliance Regulations
What Is Panama Law 254 and Why Was It Implemented? The aftermath of the Pandora Papers in Panama led to the enactment of Panama Law 254 in November 2021. This […]
BVI Beneficial Ownership Regime: What You Need to Know
Stay ahead of regulatory requirements in the British Virgin Islands with this comprehensive guide to BVI Beneficial Ownership Regime. Understanding these obligations is crucial for maintaining good standing and avoiding penalties.
OECD G20 Inclusive Framework: Progress on Reform of International Tax Rules
In recent years, the issue of a more level playing field as regards the amount of tax paid by multinational entities (MNEs) has come into focus for a number of reasons.
FATF: Understanding the Financial Action Task Force
When we think of FATF (Financial Action Task Force), some compliance professionals or members of governmental bodies may experience a feeling similar to going to the dentist—preparing for a painful interaction involving a detailed look at a sometimes not-so-simple or pain-free issue.
Wealth Protection: Key Strategies to Preserve Your Financial Well-Being
Wealth protection is a fundamental concept in personal financial management. It consists of a set of strategies and actions designed to safeguard your assets from potential risks and threats. Imagine working for years to build your wealth—wouldn’t you want to ensure that it is protected from unforeseen circumstances?
How often should I review my planning for the transfer of assets, wealth and liabilities to the next generation?
Planning for the transfer of assets, wealth and liabilities to the next generation is a fundamental process for anyone wishing to secure their legacy. However, it is not just a matter of creating a plan; it is essential to review it periodically to adapt to changes in life and in the law. Below, we will explore the importance of this review and how often you should conduct it.
Legacy and Succession: How to Identify Key Actors to Ensure the Future
In the succession planning process, it is crucial to identify the key actors who will play a crucial role in preserving the legacy. These actors can be family members or beneficiaries. But how can we identify these individuals who will ensure that the legacy of assets remains intact?
How to Get Permanent Residency in Panama, an Excellent Destination for Relocation
This country offers great potential for work and investment, thanks to its dollarized economy.
7 Essential Steps to Secure Your Legacy
As an individual who has worked hard to build a successful life and accumulate assets, ensuring that your legacy is protected (looking to secure your legacy) and passed on to your loved ones smoothly is crucial.
This is where succession planning comes into play. Succession planning creates a detailed roadmap for transferring your assets, wealth, and responsibilities to the next generation to secure your legacy. By taking the time to implement a well-thought-out succession plan, you can ensure the preservation of your hard-earned legacy.
Panama Passport Climbs 5 Positions in Global Passport Ranking, Boasting One of the Most Powerful Passports in the Region
Panama has recently celebrated a significant achievement in the global passport arena.
