Executive Decree 198 of 7 May 2021. Panama created a new visa opportunity, which allows an initial stay of nine months, that can be extended for an additional nine months. This program will boost the economy by stimulating tourism, restaurants, purchases and consumption, and services in general, resulting in a greater reactivation of jobs for…

RULE 1: CATEGORIES From now on your entity must be defined in Panama under one of the following CATEGORIES: PANAMANIAN SOURCE FOREIGN SOURCE NON-TAXABLE EXEMPT SOURCE RULE 2: DATA UPDATE To categorize your Foundation or Corporation, you must update the “Activity of your Entity” in the E-TAX system of the DGI in Panama, by means…

Panama has had a long relationship with the Americans, dating back to the construction of the Panama Canal and the Gold Rush in the 18th Century. This relationship with Americans for more than 97 years has undoubtedly put Panama at the top of the list of places that attract Americans and/or American retirees looking for a…

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