ARTICLES
VLOG – Can I obtain a Tax Id in Panama without being a Resident?
We dicussed in another article the advantages of Territorial Taxation, as opposed to Worldwide Taxation, and the fact that Panama is a country that applies Territorial Taxation. Consequently, clients frequently ask whether they need to…
Panama City Neighborhoods
Panama City boasts a broad range of neighborhoods and styles, each with its own energy and advantages. Below, we take you through our seven favorite neighborhoods. Obarrio Obarrio is the heart of Panama´s business district….
VLOG – Do I need Nominee Directors or Officers in my Panama IBC?
Clients who want to open a Panama International Business Corporation (IBC) usually ask whether it’s necessary to use Nominee Directors or Officers in their corporation. Let’s be reminded that Panamanian Law requires a minimum of…
An Overview of Territorial Tax Jurisdictions
The form of taxation that is standard in most of the world is worldwide taxation, in which all income of an individual is taxed in the jurisdiction where they are a resident. Almost 80% of…
Panama will punish tax evasion as a crime
Panama enacted the Law 70 of 2019, where the Tax Evasion is considered a crime by adding said dispositions to Criminal Code and modifying the Tax Code. This new law brings Panama to a new…
Business in Panama this 2019
Many people are surprised when they arrive in Panama. In the minds of many, Panama is still considered as a developing country. Therefore, it can be quite surprising for some people when they visit Panama…
New Panama Property Tax Procedures Finally Regulated
By Executive Decree 363 of December 4th, 2018, the government of Panama regulated the procedure to declare as the Primary Residence or Tributary Family Patrimony (Patrimonio Familiar Tributario) the property of primary use to be…
The Best Places to Stay in Panama City
Clients from around the word frequently ask where to stay when they visit Panama City. Their experience, and our own, has helped us gather some recommendations whether for short term or for a few months….
How to Get Your Tax Residency Certificate in Panama
In recent years, the Panamanian tax office, Dirección General de Ingresos or DGI, has begun offering residents the opportunity to request tax residency certificates. These documents can be used to prove your tax status as…
Panama for South Africans
Panama is one of the easiest and most affordable countries to get into and gain permanent residency for South Africans. With current tensions rising high and uncertain times ahead, South Africans are beginning to think…
