JD Supra Panama

Publisher:
JD Supra
Publication date:
2019-04-29

Publisher

Latest documents

  • Buying and Selling Real Estate in Panama

    KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER PANAMANIAN LAW - 
 
 1) Once you find a real estate property that you want to acquire by yourself or through a local real estate broker, it is strongly recommendable to hire a local attorney to perform a thorough due diligence on the property.
 
 2) Once the due diligence is finalized, and the property is clear from any restriction that will impede its sale, you or through your broker, should negotiate the terms and conditions of the transaction, which will include the price and payment method.
 
 Please see full Chapter below for more information.

  • Panama: Fast delivery or courier services

    By means of Resolution No. 672 of October 16, 2020, the National Customs Authority granted a 3-month term to companies that act as auxiliaries of the customs public function under the modality of Fast Delivery Companies or Courier that have not formalized and/or updated their authorization to do so.

  • Panama amends Decree that suspends evictions and implements provisions, for the collection of rental fees for the duration of the State of Emergency due to COVID-19

    Through Executive Decree No. 314 of August 7, 2020, published in Official Gazette No. 29087, certain Articles of Executive Decree No. 145 of May 2, 2020, which adopted measures to protect tenants affected by the crisis generated by the COVID-19 pandemic, eviction procedures, sanctions and implementation of restrictions on use by landlords/owners, have been amended.

  • Panama: Law that creates the special regime for the establishment and operation of multinational companies for the provision of services related to manufacturing

    In the Official Gazette of September 1, 2020, Law 159 of August 31, 2020 (the “Law”) was published, which regulates the special regime for the establishment and operation of multinational companies for the provision of services related to manufacturing ("EMMA").

  • Panama: Limitations to the reduction of working hours

    Through Executive Decree No. 101 of July 13, 2020, effective as of July 14, 2020, as a result of a tripartite dialogue carried out between the Ministry of Labor of Panama, Trade Unions, and private companies, the Ministry of Labor has regulated that: The maximum limit to agree to reduce working hours will be 50% of working hours per month.

  • Panama: Extension of the submission of declarations before the General Revenue Directorate

    On May 27, 2020, Executive Decree No. 298 was approved, amending, and adding provisions to Executive Decree No. 251 of March 24, 2020, which adopted tax measures to alleviate the economic impact of the State of Emergency decreed in Panama as a result of COVID-19.

  • Extension of submission of reports upon the General Revenue Directorate

    By means of Resolution No. 201-2722 of May 20, 2020, (the "Resolution"), some articles of Resolution No. 201-2401 of March 30, 2020, were modified, through which the General Revenue Directorate (DGI by its acronym in Spanish) extended the term for the presentation of certain reports before said entity, due to the State of National Emergency decreed in Panama due to COVID-19.

  • Panama: Gradual reopening of companies

    According to Executive Decree No. 96 of May 15, 2020, the Ministry of Labor of Panama has ordered that, for the operation and gradual reactivation of companies and/or activities, the employer must complete the digital form on the reactivation of contracts, enabled by the Ministry of Labor on its website.

  • Panama releases guide for companies and institutions regarding safe return to workplaces in times of COVID-19

    The Ministry of Health, in conjunction with the Social Security Administration, Ministry of Commerce and Industries, Ministry of Economy and Finance, and the Pan American Health Organization, has prepared guidelines to facilitate compliance with health, hygiene and safety measures for companies and public or private institutions that are operating or could be authorized in the future by health authorities to initiate the process of return to workplaces in times of COVID-19 (the "Guide").

  • Panama suspends evictions and the charge of leasing fees while the State of Emergency for COVID-19

    Through Executive Decree No. 145 of May 2, 2020, published in Official Gazette No. 29015 of May 1, 2020, the Government of the Republic of Panama has adopted measures to protect tenants affected by the crisis generated the by COVID-19 pandemic, from eviction proceedings, penalties and implementation of usage restrictions by landlords/owners.

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