When translating a bank statement in Panama, it’s important to keep in mind some key considerations: Language: The official language of Panama is Spanish, so the account statement will likely be in Spanish. When translating the statement, it’s important to ensure that the translation accurately conveys the meaning of the…
Yes, a foreigner can be a member of a Panamanian corporation. Panama is a popular destination for foreigners to establish businesses, and the country’s laws permit foreign nationals to own and operate businesses in Panama. Foreigners can be shareholders or directors of a Panamanian corporation, and they are not required…
According to the Panamanian tax laws, a Panamanian corporation is required to file an annual tax return regardless of whether it has had any activity during the year. Therefore, if your Panamanian corporation has been registered and is still active, you are required to file a tax return every year,…
Both simultaneous interpreting and consecutive interpreting are used in Panama, depending on the context and needs of the event or meeting. Simultaneous interpreting involves the interpreter providing real-time interpretation while the speaker is still speaking. This type of interpreting is often used in large conferences or events where there are…
The difficulty of learning Spanish can vary depending on various factors, including your native language, your previous language learning experience, and your learning style. However, for many people, Spanish is considered one of the easier languages to learn. Spanish is a Romance language, which means it shares many similarities with…
Buying a titled property in Panama offers several advantages over buying an untitled property. Here are some reasons why it is better to buy a titled property in Panama: Legal ownership: When you buy a titled property, you legally own the land and can be assured that the property has…
If you’re planning on relocating to Panama, here are some important things you should know beforehand: Climate: Panama has a tropical climate, which means it can be quite hot and humid throughout the year. Be prepared for rainy seasons, which can last from May to December. Language: While Spanish is…
According to the Transit and Land Transportation Authority in Panama, foreigners can drive with a valid foreign driver’s license for up to 90 days after their arrival in the country. After that period, they must obtain a Panamanian driver’s license to continue driving legally in the country. To obtain a…
Translating a power of attorney in Panama can be a complex task, as the document needs to be accurately translated to ensure that all legal terms and conditions are correctly represented in the translated version. Here are some recommendations to help you translate a power of attorney in Panama: Hire…
To translate a contract of purchase and sale in Panama, it is important to follow certain steps to ensure accuracy and completeness. Here are some general guidelines to follow: Find a qualified translator: Look for a Panamanian professional translator who is fluent in both the source and target languages, and…
