Panama Canal Announces Green Vessel Incentive Plan

Speaking at AAPA Latino in Cartagena, Colombia, the Panama Canal Administrator Ricaurte Vásquez announced the Panama Canal Green Vessel Classification system, which will include a GHG Emissions Fee. These changes will build upon the Canal’s existing incentives for sustainable shipping lines, provided through its Green Connection Environmental Recognition Programme. This programme has evolved from the Green […]

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INTERNATIONAL SUCCESSION LAWS – PANAMA

This is the Panama chapter 2021 of the book International Succession Laws published by STEP & Bloomsbury Professional Panama Juan F. Pardini Fixed rights of inheritance Succession laws and rights of inheritance Succession and inheritance rights in Panama are regulated by the Civil Code, the Civil Procedure Code, Law No 21 of 2017 and Law No […]

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CYPRUS TO PROCEED WITH A TAX REFORM IN 2022

Cyprus will proceed with a tax reform next year, including the increase of corporate income tax and the introduction of green taxation with a view to achieving its environmental targets, Finance Minister Constantinos Petrides has said. Speaking before the Parliament’s plenary ahead of the debate for the 2022 state budget on Thursday, Petrides said the […]

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PANAMA LEGISLATES TIGHTER CONTROLS ON BENEFICIAL OWNERSHIP REPORTING

Panama has enacted Law 254, requiring international legal entities to provide their resident agent with accounting records annually. The Law adjusts existing legislation on anti-money laundering (AML) and aims to meet international standards on tax transparency.  The Law is divided into three main areas, dealing with accounting records, due-diligence and registration of final beneficiaries.  Resident […]

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The Devil Is In The Details * Q&As In Cross-Border Contract Law

Contracts form a critical part of any commercial operation, allowing businesses to enter into agreements with the suppliers, customers and distributors that drive their operation. Commercial contracts can be complex and highly bespoke, covering a range of eventualities and containing a wide range of clauses designed to protect both parties in the event of breach. […]

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Setting Up An International NGO In Panama

If your desire is to grow the operational range of an international NGO, we recommend that this NGO establish a branch in Panama. The Latin American country has a privileged geographical position, from which it has greatly benefited in order to become the Logistics Hub of the Americas. Its strategic location by air, sea and […]

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CHANGES TO EXISTING IMMIGRATION PROGRAMS AND APPROVAL OF NEW PROGRAMS

The Republic of Panama recently passed new regulations approving changes to the friendly country visa and reforestation programs as well as the introduction of the new Qualified Investor Visa. Here are the highlights. PANAMA QUALIFIED INVESTOR VISA By means of Executive Decree No. 722 of  October 15, 2020, the government of the Republic of Panama created […]

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CANADA VIEWS IMMIGRANTS AS KEY TO ECONOMIC RECOVERY

Officials and experts plotting Canada’s economic recovery from the global pandemic are looking to current and future immigrants as a big part of the solution. That conclusion is perhaps inevitable, given the oversized role that immigrants already play in the country’s highly pluralistic society. Canada has one of the highest immigration rates of any country, […]

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PORTUGAL GOLDEN VISA – INVESTMENT AMOUNT TO BE INCREASED UNDER NEW RULES

Real estate is the most popular investment option for 90% of investors but very few investors are aware that there are eight different investment options available for securing European residency under the Portugal Golden Visa program. After 10 years of grand success, the Portuguese government is set to change the investment amount for its Golden […]

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UK RECEIVES 6 MILLION APPLICATIONS TO EU SETTLEMENT SCHEME BEFORE DEADLINE

Britain said on Friday it had received 6 million applications to its settlement scheme for European Union nationals before a June 30 deadline passed, including a surge of more than 400,000 in the last month. Britain said on Friday it had received 6 million applications to its settlement scheme for European Union nationals before a […]

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PANAMA LAUNCHED A NEW VISA TO PROMOTE “WORKING FROM HOME” FOR TOURISTS WHILE IN PANAMA

Panama has to be right up there on your next destination list, since it has launched a new and innovative tourism strategy in the form of a Short Term Visa for Remote Workers. We offer a perfect balance by being affordable yet great for working hard due to our wide connectivity. Come to Panama and […]

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