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July 23, 2019

Considerations before starting a business in Panama

María Eugenia Brenes, associate of the Intellectual Property and Corporate Law Department of Morgan & Morgan maria.brenes@morimor.com Formalizing a business requires several decisions of a legal nature. Business Owner The first thing that should be considered is to determine whether the venture is on a personal basis or through a corporation. This decision is very
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July 23, 2019

What employers need to know about labor regulations in the Republic of Panama

Introduction Panama’s Labor Code, in effect since April 1972, with some changes in the last years, regulates the relationship between capital and labor, based on the principles of social justice established in the Political Constitution of the Republic and it creates a special State protection as a benefit of the employees. The State will intervene
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June 14, 2019

New immigration changes: SEM, Special Regularization Process and Aviation

Executive Decree No. 238 of June 10, 2019 REQUIREMENTS TO APPLY FOR PERMANENT RESIDENCY FOR EXECUTIVES OF MULTINATIONAL HEADQUARTERS OFFICES (“SEM” for its acronym in Spanish). As of June 11th, 2019, the requirements to apply for the Permanent Resident Permit for Executives of SEM companies who i) continue working at a SEM company, and ii)
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June 3, 2019

CHANGES IN THE RULES TO GRANT RESIDENCE AND WORK PERMITS

As of May 28th, 2019, five (5) Executive Decrees were enacted to modify rules related to the granting of residence and work permits.  The main changes are the following: NATIONAL IMMIGRATION AUTHORITY. Stay Visa for citizens of the United States of America: A new category of Stay Visa is created for citizens of the United
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May 20, 2019

Belize: Intellectual Property Prohibition

Naim Musa, Managing Director, Morgan & Morgan, Belize office Pursuant to the International Business Companies (Intellectual Property Asset Prohibition) Regulations, 2019 and related legislation, companies incorporated under the International Business Companies Act of Belize (IBCs) shall not acquire, hold own or deal with any Intellectual Property Asset as follows: • IBCs incorporated on or before
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The Bahamas: Economic Substance Legislation
April 25, 2019

The Bahamas: Economic Substance Legislation

Fanny Evans, associate at Morgan & Morgan The Bahamas has passed legislation requiring that certain legal entities carrying on relevant activities have to demonstrate adequate economic substance in said jurisdiction. The beneficial owners of any company or limited partnership incorporated, registered or continued in The Bahamas should be aware of this legislation and consider how
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