Celebrating Panama Afro’s Heritage Month! Prime Solutions Tax & Legal team came together today to commemorate Panama Afro’s Heritage Month, honoring the rich history and vibrant culture of the black ethnic community. In May, the country celebrates Black Heritage Month with festivities of inclusion, social and cultural empowerment, culminating on May 31 with Día de […]
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We are excited to share that Giovanna Bernal has been approved as a Uglobal verified member from Panama. Uglobal is a leading online community and information resource for global investment migration, connecting industry professionals and investors with verified service providers around the world. You can check Giovanna Bernal’s profile on the Uglobal website: https://www.uglobal.com/en/profile/giovanna-bernal/ As
Giovanna Berna becomes Uglobal verified member from Panama Read More »
Panama Private Foundations offer a flexible and secure way to manage your assets while maintaining your privacy. They can be used for a variety of purposes, such as estate planning and protecting your family’s wealth. With no minimum capital requirement, Panama Private Foundations are a popular choice for individuals and families looking for a cost-effective
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An Interview with Nikki McCords of McCords Speaks Life begins at the end of your confort zone. In her experience building her consulting firm, Nikki has taught clients how to make decisions that are inclusive, collaborative, and have longevity by building trust within teams and making decisions that challenge the status quo. This creates a
Overcoming a status quo starting a new life and business in Panama Read More »
Attorney Giovanna Bernal was one of the authors on the International Tax chapter of the American Bar Association (ABA)’s Year In Review, The Year in Review- An Annual Publication of the ABA/Section of International Law: International Tax, on international tax developments on cryptocurrencies in Panama. Other authors reported on the United States, Canada, Cayman Islands,
Panama issued three (3) resolutions in order to request its taxpayers: individuals, properties, corporations, private foundations and others to update their information online through their tax authority DGI before 31/08/2022. Information on the registered agent and accountant is a must in some cases. Failing to do so will block the access to submit returns
Update your TIN at Etax Panama before 31/08/22. Read More »
This type of VISA allows you to STAY IN PANAMA FOR 2 years with the temporary ID and then you will get permanent residence. You will be able to request a work permit (if necessary) REQUIREMENTS TO APPLY Make sure to bring YOUR criminal background check Proof of Address Copy of Panamanian Spouse’ ID authenticated
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New Diplomatic Relations Between Panama And China: Recent Updates On June 12, 2017, President Juan Carlos Varela of the Republic of Panama announced that he had established diplomatic ties with the People’s Republic of China. On November 17, 2017, China and the Panamanian government signed a 19-nation memorandum of cooperation in Beijing including the free
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Individuals Individuals have an exemption from income tax on the first USD $ 11,000.00 of the net taxable income and must submit the annual return of income that expires on March 15th of each year.It is possible to request an extension until April 15 before the expiration of the aforementioned period before the General Directorate of
Annual Income Tax Returns In Panama Read More »
Executive Decree No. 81 of March 20, 2020, establishes that the contracts of the workers of companies that have been closed as part of the preventive measures of the authorities will be considered suspended. The procedure to formalize the suspension of contracts will be carried out digitally, sending the requested documents, in PDF format to
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