Spain has solidified its position as the world’s second destination for investments by Latin American companies, according to the VI Global LATAM 2024 Report. In 2023, investment from Latin American companies in Spain grew by 138%, reaching €2.835 billion. This increase reflects the significant presence of Latin American capital in Spain, with an overall growth of over €20 billion in the last decade. The report also highlights the “revolution” of internationally reaching star

Panama ranked 47th out of the 50 maritime cities in the world in the list prepared by Menon Economics and DNV, standing out as the top city in the Latin American region. This report evaluates and compares the main port and maritime cities based on five key pillars: Shipping, Maritime Finance and Law, Maritime Technology, Ports and Logistics, and Attractiveness and Competitiveness. The objective is to provide information on the infrastructures, technologies, finances, and tale

Through Resolution No. 079 of 2024, Panama adopts the design and content of the form known as the "Traveler's Declaration" in digital format. This resolution updates and establishes provisions related to the submission of the traveler's declaration in the customs context. The objective is to facilitate the control of the entry and exit of travelers and their luggage, promoting automation and the use of information and communication technologies. For more information or legal

Recently, the National Commission of Free Trade Zones, under the Ministry of Commerce and Industries (MICI), approved the establishment of two new companies in the Panapark Free Zone and Marpesca Free Zone. These companies will make a joint initial investment of over $23 million. Panama has more than a dozen free trade zones, which can be established throughout most of the national territory and can be private, state-owned, or mixed.

Thank you to BlackBull for invite our partner Ricardo Cambra to participate as a panelist in the distinguished event "Central America and Caribbean Family Office & Investors Summit 2024." In the panel on "Regulatory Compliance and Tax Obligations: Guiding Business Families through Complexity," Ricardo Cambra, along with distinguished professionals such as Macarena Bevilacqua, Luis Laguerre, and Carlos Escalona, delved into key strategies for international tax planning, risk m