A new year is a great time for new changes. Whether you’re mixing up your office routine or trying out a new hobby, January is synonymous with trying new things. The most relevant change we seen in Panama as we rolled into 2019 is the new property tax reform. As of, Jan 1, there are…
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This is an officially translated version of Panama’s Law 93, which deals specifically with the rights of tenants and landlords when it comes to leases. Law 93 of October 4, 1973 – Journal of Laws: 17.456 of October 22, 1973 – “By which measures leases are issued and it is created in the Housing Ministry’s…
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PROPERTY ACQUISITION UNDER PANAMANIAN CORPORATIONS OR PRIVATE INTEREST FOUNDATIONS. This explanation was given to us by a trusted attorney based in Panama. When exploring the purchase of property in Panama, one has the option of owning in three ways. You can own the property under your personal name or use one of two structures: A…
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