Having expert and timely advice during the running stage of your business is essential for its success. Especially when the business is located in a country other than your own, where the laws and business practices and customs are different. Commercial Contracts When you agree to purchase from a supplier, usually, you accept their terms […]
Two or more persons (called “subscribers”) of any nationality and with residence in any country may form a Panama Corporation by executing an Incorporation Charter (or Memorandum of Association). Traveling to Panama or going before a Panamanian Consul abroad is not necessary to form a Panama corporation. Two individuals domiciled in Panama may act as […]
Before signing a contract to purchase real estate in Panama, consideration should be given to the form in which title to the property will be held and to income or capital gains tax issues, estate planning issues and immigration issues that may be of interest. Neglecting to consider these issues can have regrettable consequences for […]
The law Private Foundations (“foundations” or “foundation”) in Panama came to life by means of Law No. 25 of 1995, based on the most part on Law No. 19 of 1926 of Liechtenstein, which popularized family and charity foundations in Europe. Definition A foundation is a legal entity that is created by means of a […]
Eventually, everyone wants (or will be required) to retire. If you own a family business, retirement is not just a matter of deciding not to go into the office one day. In addition to ensuring that you have enough money to retire on, the whole question of what happens to the business when you are […]
Benefits Everyone that acquires assets throughout their lives can benefit from Estate Planning. An estate-planning attorney must be able to provide you with advice on the following: How to protect your assets from wrongful claims during your lifetime. How to acquire assets in a secure and tax efficient manner. How to use them to suit […]
