Law 526 on Economic Substance: What Multinational Groups Must Do Before Fiscal Year 2027
The enactment of Law 526 on 28 May 2026 marked a turning point for corporate planning in Panama, yet the real challenge lies not in the wording of the statute but in the time remaining before it first applies.
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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.
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Panama’s Territorial Tax Principle: Origins, Current Relevance, and the Tensions of the International Debate
The legislative debate around Bill 641 exposes the structural tensions of Panama’s legal and financial model — and forces an answer to a question the country has deferred for decades.
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Regulatory Changes and Tax Trends in Panama for 2026: What Your Business Should Anticipate
Panama’s fiscal and regulatory environment is undergoing a structural transformation driven by technology, international transparency standards, and growing requirements for genuine economic substance.
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Economic Substance in Panama: What Multinational Groups Must Know
The Fiscal Code reform bill introduces, for the first time, a condition on Panama’s territoriality principle. Its impact on holdings, licensing platforms, and investment vehicles is immediate.
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Foreign Investment and Wealth Structures in Panama: Legal Framework for the International Investor
Panama’s territorial tax system, financial infrastructure, treaty network, and corporate legal framework make it a leading jurisdiction for international investors seeking regional and cross-border structures.
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Tax Contingencies in Corporate Structures: Diagnosis, Prevention and Correction
Tax contingencies often arise when structures designed for an earlier regulatory context are not updated as operations evolve. Timely diagnosis helps prevent, correct, and document risks before an audit.
Continue Reading Estate Planning in Panama for Foreign Nationals: Will, Corporation and Private Interest Foundation
When a foreigner owns assets in Panama —real estate, company shares, bank accounts, contractual rights— one of the most important questions to address is how to legally organize the transfer of those assets after death.
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