New regulations on the management of accounting records for legal entities incorporated in Panama - Executive Decree 168 of 2024

We are proud to announce that our partner, Ricardo Cambra, has received the Trust & Estate Practitioner (TEP) designation, awarded by the Society of Trust and Estate Practitioners (STEP). The Society of Trust and Estate Practitioners (STEP) is a global professional body comprising over 20,000 members across 95 countries. STEP members are highly qualified professionals specializing in trusts, estates, and related legal matters. The TEP designation formally distinguishes qualif

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

In this article, our founding partner, Ricardo Cambra, responds to two key questions for this transition period in Panama and presents an...

We are proud to share that our partner, Ricardo Cambra, recently participated in the "International Private Client Conference Miami 2024", held this past May 2nd. This prestigious conference brought together top professionals from around the globe to discuss crucial developments in the realms of private wealth management and international tax law. At CLD Legal, we are committed to staying at the forefront of wealth management trends and developments. Our active participation

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

Panama is a small country located in Central America that has become a popular destination for foreign investment, particularly in the real estate sector. With a booming economy, favorable tax laws, and a stable political environment, Panama offers a range of investment opportunities for those looking to expand their portfolio. One of the primary reasons why foreign investors are attracted to Panama is its strategic location. The country is situated at the crossroads of the A

We strongly feel that Panama still has an edge over other countries in the region, as foreign investment keeps coming in. Evidence of this is the establishment of 14 new Regional Headquarters of Multinational Companies and 2 EMMA Licensed companies in 2022. In addition, we see an increasing number of foreigners interested in establishing permanent residence in Panama, and establishment of online businesses, including those related to cryptocurrency. Let’s look at some areas o

It is necessary to do a Real Estate Due Diligence when buying a property in Panama? The answer to this question is simple: yes, you do need to do your due diligence when buying property in Panama. Although I firmly believe we have a very good public records system, as advisors in a real estate transaction, we follow several measures before considering advising a client to sign a promise to purchase agreement or a final purchase agreement. Learn in this quick guide prepared

Panama is a beautiful country located in Central America, bordered by the Pacific Ocean to the south and the Caribbean Sea to the north. In recent years, Panama has become a popular destination for retirees and expats due to its favorable climate, low cost of living, and excellent healthcare system. In this article, we will highlight the advantages of retiring or moving to Panama, including its high rankings in various global indicators. One of the most significant advantages