Law 526: The Work Corporate Lawyers Must Do With Their Clients Now
Panama’s Law 526 of 2026 is now in force. For corporate lawyers, its enactment is not the end of a legislative process — it is the beginning of a concrete work agenda with every client holding Panamanian structures that generate foreign-source passive income. This article outlines the diagnostic that must begin now, the consequences of inaction, and the structural options available before January 2027.
Continue ReadingPanama’s Economic Substance Law: What Your Business Needs to Know
A fundamental reform that changes the rules for multinational groups in Panama — and that is already in force.
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Economic Substance in Panama: What Bill 641 Means for Your Company
On May 21, Panama’s National Assembly Committee on Economy and Finance approved Bill 641 on first debate. The bill establishes an economic substance regime for passive income of foreign source earned by entities domiciled in Panama. The full Assembly has until June 5 to pass it into law.
Continue ReadingFamily Offices in Panama: Legal, Tax and Wealth Structuring
Professional family wealth management is increasingly important for Latin American business groups facing generational transitions and more complex cross-border assets.
Continue ReadingPeriodic Review of Tax Regimes in Panama: When a Structure Stops Making Sense
In Panama, tax regimes involve more than incentives: they require operational consistency, legal substance, and the ability to defend the structure as regulations and business circumstances change.
Continue ReadingTax Incentives in Panama: When an Advantage Becomes a Liability
Panama maintains one of the most competitive tax incentive frameworks in Latin America. Its special regimes — SEM, EMMA, Panama-Pacific, and Free Zones — were designed to attract investment, promote skilled employment, and position the country as a regional business hub.
Continue ReadingAI Agents and Legal Liability: What Every Business in Panama Needs to Know Now
Artificial intelligence is no longer a passive tool waiting for instructions. Autonomous AI agents act, decide, contract, and execute transactions without direct human involvement.
Continue ReadingRisks of Non-Compliance with Economic Substance Requirements in Panama
In recent years, economic substance has evolved from a theoretical concept associated with international standards into a practical enforcement criterion used by tax authorities worldwide. Panama is no exception.
Continue ReadingEconomic Substance in Panama: Current Rules, New Bill and Strategic Risks
Panama is at a turning point as international standards accelerate the shift from formal corporate presence toward demonstrable economic substance and transparent operations.
Continue ReadingE-Commerce in Panama: Requirements, Registration, and Legal Compliance
Panama’s digital market is rapidly expanding, making it crucial for entrepreneurs, startups, and SMEs to understand the country’s e-commerce regulations. The Directorate General of Electronic Commerce (DGCE), operating under the Ministry of Commerce and Industry (MICI), is the authority overseeing this sector.
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