September 16, 2019

Panama Seeks to Adopt a Framework Law for Public-Private Partnerships

By: Ramón Varela, partner, Morgan & Morgan ramon.varela@morimor.com For the past few decades, Panama has established public-private partnerships (“PPPs”) in projects as diverse as toll roads, water treatment plants, ports, telecommunications networks and the generation and distribution of electricity. These projects, however, have been created and managed under either a general (and, for current-day standards,
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September 6, 2019

New requirements to request rehabilitation of Permanent Residence Permits in Panama

Resolution No. 17405 of August 29th, 2019.  As of September 4TH, 2019, The National Immigration Authority (hereinafter “SNM” for its acronym in Spanish) established new requirements to request Rehabilitation of Permanent Residence Permits (hereinafter “Rehabilitation”) for foreigners, who have remained outside of Panama for more than two (2) years and up to six (6) years.
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August 13, 2019

Regulations on Accounting Records for offshore companies

In order to comply with the international guidelines regarding corporate transparency, the government of Panama enacted Law 52 of October 27, 2016 in the Official Gazette, which establishes the obligation for Panamanian companies and other entities to maintain accounting records, financial records and supporting documentation of all transactions that took place during the last five
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August 7, 2019

Morgan & Morgan provided pro bono tax advice to Camara de Reciclaje de Panamá, Asociacion Marea Verde, Enseña por Panama y Fundación Banco de Alimentos

Panama, August 6, 2019. The Recycling Chamber of Panama, the Marea Verde Association, Enseña por Panama and the Food Bank Foundation, were authorized to obtain the Resolution of the General Directorate of Revenues (DGI for its initials in Spanish) that approves these organizations to receive donations deductible from income tax. Associates Amanda Barraza and Angelica
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July 26, 2019

Panama: Regulations applicable to tax deductions from school expenses

Angélica Ortiz, Taxation Department, Morgan & Morgan Law 37 of June 5, 2018, adds line 9 to article 709 of the Fiscal Code, which is related to the annual income tax deductions to which natural persons are entitled, regarding school expenses incurred by the taxpayer with respect to their dependents. Additionally, Executive Decree 368 of
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July 5, 2019

Morgan & Morgan is recognized for its Pro Bono program

Panama, July 3, 2019. For the sixth consecutive year, Morgan & Morgan has received the “Leading Lights” recognition in Latin America for the Pro Bono program that the firm executes. This distinction was granted by the publication Latin Lawyer, who together with the Cyrus R. Vance Center for International Justice conducted an annual survey with
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June 14, 2019

New immigration changes: SEM, Special Regularization Process and Aviation

Executive Decree No. 238 of June 10, 2019 REQUIREMENTS TO APPLY FOR PERMANENT RESIDENCY FOR EXECUTIVES OF MULTINATIONAL HEADQUARTERS OFFICES (“SEM” for its acronym in Spanish). As of June 11th, 2019, the requirements to apply for the Permanent Resident Permit for Executives of SEM companies who i) continue working at a SEM company, and ii)
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June 10, 2019

Securitization in Panama

In this edition of Chambers & Partners, the securities team of Morgan & Morgan summarized the key aspects and developments in Panama, where the activity in the securities sector has been performed in recent years as an alternative form of financing. The guide is available here
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June 3, 2019


As of May 28th, 2019, five (5) Executive Decrees were enacted to modify rules related to the granting of residence and work permits.  The main changes are the following: NATIONAL IMMIGRATION AUTHORITY. Stay Visa for citizens of the United States of America: A new category of Stay Visa is created for citizens of the United
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