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 […]
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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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On October 16, 2020, Decree 722 of October 15, 2020 was published, which creates the category of Permanent Resident as a Qualified Investor. To demonstrate the investment, the applicant must make an investment for a minimum of US $ 500,000.00 from a foreign source, personally or through a legal entity, provided that the applicant is
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Decree 197 Of 7th Of May 2021 And Update Decree 226 Of 21st Of July 2021. Starting the 7th of August 2021, in order to apply to the Friendly Nations Visa you may choose one of the following options: Investment on real estate or fixed deposit (local bank) of US$200,000 (local credit by bank applies); Work as an employee on a Panama company.
Friendly Nations Visa – New Updates As Of July 21st 2021 Read More »
