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 of this law states […]

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 […]

Panama | Register of beneficial owners overview

Corporations in Panama Register of beneficial owners

Panama has taken a significant step towards financial transparency by introducing a private register of beneficial owners for corporations in Panama. This move, established through Law 129 of 2020, positions Panama as a proactive player in the global effort to enhance corporate accountability. The establishment of the Registry System for Beneficial Owners of Legal Entities […]

Panama Residency Program: Your Complete Guide – Why Choose Panama for Residency?

Panama residency program OMC Group Avenida Balboa Panama City Image

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 Many clients ask us why Panama and not Miami, for example.  Trying to be objective – which is […]

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