New tax obligation to report in Panama.

Panama, November 11, 2021. By means of the Resolution No. 201-10011 of 20 October 2021, the Directorate General of Revenues (hereinafter DGI) creates a new tax obligation called “Report of Sales and Services Rendered” as published in the Official Gazette 29406-A of 27 October 2021. This tax obligation is called “Form No. 1027”. It applies

Requirements and conditions for procedures before the General Directorate of Revenue related to the Panama-Pacific Special Economic Area.

Panama, November 9, 2021. By means of the Resolution 201-8097 of August 30, 2021 the General Directorate of Revenue (hereinafter DGI) of the Ministry of Economy and Finance as published in the Official Gazette 29411 of Monday, November 9th, 2021, mandates specific requirements and conditions for natural and legal persons established in the special regime

Fanny Evans is a new associate of the Association of Directors of Panama.

Panama, November 9, 2021. At Morgan & Morgan, we believe in and promote diversity and equality in the workplace. We are proud to announce the incorporation of our attorney Ms. Fanny Evans, as a new associate of the Association of Directors of Panama (ADP, for its initials in Spanish).   We are sure that her professionalism

Morgan & Morgan achieved the highest number of practices and lawyers ranked in The Legal 500 Latin America.

Panama, October 26, 2021. Morgan & Morgan has been recognized by The Legal 500 as the Panamanian law firm with most practice areas and lawyers ranked in the 2022 edition of the directory, a key reference point of regional top law firms. The publication has assigned the firm ten practice areas rankings, 7 of these

STEP-Panama New Board of Directors

Panama, October 15, 2021. The new Board of Directors of The Society of Trust and Estate Practitioners (STEP) Panama Chapter recently took office, with Ms. Ana Isabel Diaz as president for the 2021-2023 period. The event was attended by Mr. Publio De Gracia, Director of the General Revenue Directorate of the Ministry of Economy and

Who´s Who Legal recognizes Maria Teresa Mendoza and Ricardo Aleman as Leading Labor and Employment lawyers in Panama.

Panama, October 5, 2021. We are proud to announce that our partners Maria Teresa Mendoza and Ricardo Aleman were selected as Leading Labor and Employment lawyers in Panama by Who´s Who Legal Labour, Employment & Benefits 2021 edition, a comprehensive guide to the world´s lawyers who can truly be considered leaders in this field. Who´s Who Legal says:

A review of data protection legislation in the Caribbean

In 2019 at the World Economic Forum, Antonio Neri, CEO of Hewlett Packard said “Data is the new currency”. This analogy has become very popular because data is now considered one of the most valuable commodities. In the European Union (EU), data protection is a fundamental right, and the General Data Protection Regulation (GDPR) which came

New requirements for the renewal of the provisional permit and the permanent residence applicable to the migratory to regularization processes.

The Ministry of Public Security through Executive Decree No. 235 of September 15, 2021 (hereinafter the “Decree”) establishes the requirements for the renewal of the provisional permit and the permanent residence applicable to foreigners who have obtained their provisional permits under the Extraordinary or General Migratory Regularization Processes, as follow: Permanent residence permit. All foreigners who have

Morgan & Morgan advised Mercandú, a startup based in El Salvador, in designing the corporate structure and Seed investment round of US$1,500,000.00 with which it launched its e-commerce website and mobile app that operates a regional digital marketplace offering door to door delivery of over 150,000 products.

Panama, September 22, 2021. Morgan & Morgan acted as Panamanian counsel to Mercandú, a startup based in El Salvador, in designing the corporate structure and Seed investment round of US$1,500,000.00 with which it launched its e-commerce website and mobile app that operates a regional digital marketplace offering door to door delivery of over 150,000 products such

Immigration exceptions for North American and Canadian citizens; and foreigners who work in companies with an MHQ license or those established in the Panama Pacifico Special Economic Area.

Resolution No. 22706 of September 10th, 2021, published in the Official Gazette on September 20th, 2021 (hereinafter “The Resolution No. 22706”), exempts citizens of the United States of America and Canada from the effects and terms of the Resolution No. 22068 of September 1st, 2021. Resolution No. 22246 of September 3rd, 2021, published in the