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.
Panama: 25% discount for early payment
We are pleased to inform you that the government of the Republic of Panama has enacted Law No. 401 on October 5, 2023 which establishes a special temporary measure providing a 25% discount on the Annual Government Tax for Panamanian private interest foundations and corporations that render their payment before November 30, 2023.Article 21
Panama | New legislation on accounting records
From the moment you decide to start operating a company, it is necessary to be prepared for the fact that this implies certain requirements…
Panama | Accounting records requirements for legal entities
Accounting records requirements (Panama) | Law 52 of 2016, which establishes the obligation to keep accounting records requirements for certain legal entities, through Law 254 of November 11, 2021, introduced important amendments for legal entities that do not carry out operations that are perfected or consumed or have their effects within the Republic of Panama, as well as for legal entities that are exclusively engaged in holding assets, incorporating the obligation to keep accounting records and supporting documentation.
Anguilla, Bahamas, and Panama entities overview.
At OMC Group we specialize in corporate and fiduciary services, which include company and foundation setups, structuring of trusts, and many other services in multiple jurisdictions.
Panama | New and important legislative initiatives
Anti Money Laundering law is an issue addressed by Panamanian legislators who continue to face some of the most important elements in the fight against organized crime.
5 Best practices to safeguard your legacy
Economic legacy | There are 5 best practices to safeguard your economic legacy that has proven to be highly effective for decades.
Panama | Register of beneficial owners overview
Panama has taken a significant step towards financial transparency by introducing a private register of beneficial owners for corporations in Panama.
Accounting records obligation in BVI, Barbados, Belize, Nevis, and Panama (Presented in Spanish)
With the objective of keeping our clients informed and in compliance with their obligations, in recent days, we presented the webinar “Accounting Records in BVI, Panama, Nevis, Belize, and Barbados”.
Panama Residency Program: Your Complete Guide – Why Choose Panama for Residency?
When you are considering a second home or investment opportunity, the Panama residency program stands out for its numerous advantages. The vibrant culture, stable economy, and favorable tax policies make Panama an ideal destination for many foreigners
