On October 15, 2024, the Republic of Panama issued Executive Decree No. 193, amending and adding provisions to Executive Decree No. 722, which was originally issued on October 15, 2020. This amendment introduces significant changes to the subcategory of Permanent Residency as a Qualified Investor under the Economic Residency category.…
When dealing with legal documents that require specialized processing in Panama, whether for personal or professional use, finding a reliable service provider to handle the complexities can be a game-changer. Universal Services has established itself as a trusted ally in Panama, providing comprehensive solutions for individuals and businesses alike. With…
In Panama, marital property regimes can be established through marital agreements. These are contracts that spouses can sign either before or after marriage to govern their financial arrangements. The types of prenuptial agreements that can be established include: Community Property Regime: In this regime, all assets acquired during the marriage…
Obtaining residency in Panama is an appealing option for many, but those with a criminal record must be aware of the legal restrictions that may apply. Panama’s Decree Law No. 3 of 2008, which regulates the National Immigration Service and the immigration system, outlines specific criteria that may limit the…
When visiting the immigration office in Panama, it is essential to dress in formal attire. At a minimum, avoid wearing sandals, shorts, and sleeveless t-shirts. Please keep in mind that you will be applying for residency or addressing legal matters; therefore, appropriate attire is necessary. It is crucial to communicate…
In Panama, obtaining birth certificates, marriage certificates, or death certificates often requires the payment of a fiscal stamp. Here’s a quick guide on where and how to pay for these stamps. Where to Buy Fiscal Stamps Banks: You can acquire revenue stamps at several authorized banks in Panama. Major banks…
False testimony or perjury, as outlined in Panama’s Criminal Code, is designed to protect the integrity of judicial proceedings by penalizing dishonesty from witnesses, experts, interpreters, or translators during legal processes. The following analysis breaks down the provisions of Articles 385 to 388 of the Penal Code of Panama, highlighting…
In compliance with the provisions established in the Labor Code of the Republic of Panama, all migrant workers are required to obtain authorization to work in the country, granted by the Ministry of Labor and Workforce Development (MITRADEL). Through Executive Decree No. 6 of April 13, 2023, MITRADEL regulated these…
Requirements for Trademark Registration To register a trademark, an application must be submitted through a qualified Panamanian attorney using a form provided by the General Directorate of Industrial Property Registry (DIGERPI). The application must include the following: Applicant’s Name, Address, and Nationality: If the applicant is a legal entity, the…
For Real Estate Investment: Certification from the Public Registry of Panama proving ownership. Certification from the National Land Titling Authority verifying the value of the property. For Real Estate Investment via a Purchase Promise Contract: Notarized copy of the promise to purchase contract for the property(ies), duly registered with the…
