Madrid, Spain - CLD Legal, a prestigious Panamanian law firm with over 15 years of experience and offices in Madrid and Guatemala, is proud to announce its recent partnership with ILENDE & PARTNERS, S.L. This strategic collaboration marks the beginning of a new era for CLD Legal, opening the doors to the African continent and consolidating its position as a leader in providing high-value legal services. Mr Julián Martinez, a partner at CLD Legal Madrid, during an important b

Recently, Executive Decree No. 1 was published, establishing the new Minimum Wage rates in Panama. These rates include a 4.5% increase for small businesses, a 6.0% increase for large businesses, and a 7.0% increase for companies in the banana sector. These new rates will be effective starting January 16, 2024. Click to see details (only available in spanish) For inquiries and further information, contact our specialists in Corporate and Business Law at rcambra@cldlegal.com

Since 2019, Panama has had a Personal Data Protection Law (PDP), which was regulated in 2021. This law applies to: Databases that store or contain personal data of nationals or foreigners located in the territory of the Republic of Panama; the data controller based in the Republic of Panama; the processing of data whose origin or storage is in Panamanian territory and the processing of data carried out in the context of a commercial activity, through the Internet or other ele

Since 2019, Panama has had a Personal Data Protection (PDP) law, which was regulated in 2021, and there are already multiple ongoing investigations due to non-compliance reports. This law applies to: Databases that store or contain personal data of nationals or foreigners located in the territory of the Republic of Panama. The person responsible for processing the data domiciled in the Republic of Panama. The processing of data whose origin or storage is in Panamanian territo

Panama has become a popular destination for individuals seeking to protect their wealth through estate planning and asset protection. The country offers a variety of advantages, including a favorable tax system, strong privacy laws, and a stable economy. This article will explore the benefits of private wealth management, estate planning, and asset protection in Panama. Private Wealth Management in Panama Panama is an attractive destination for private wealth management due t