Gafi decision to exclude Panamá from the gray list is positive

In a statement that gave the company keeps Panama with a risk rating of investment grade (Baa2 with “Stable” outlook) recalled that the initial inclusion of Panama in the “gray list” noted some shortcomings in the regulatory framework that could He has tarnished its reputation as a major regional financial center. He further stressed that […]

LAW FOR INCENTIVES TO THE MARITIME INDUSTRY WILL BE PROPOSED BEFORE THE NATIONAL ASSEMBLY.

A draft law creating a special tax incentive, labor and migration regime for maritime financing entities and companies that carry out fundable maritime projects, according to Cabinet Resolution No. 7, published in the Official Gazette, will be proposed to the National Assembly by the minister of the presidency, Álvaro Alemán. The  minister Alemán introduced the […]

It prepares a new procurement law in Panama

THE GOVERNMENT OF PANAMA HAS READY THE PROPOSED DRAFT REFORMS TO THE PUBLIC PROCUREMENT LAW. A series of changes was made in the administration of Ricardo Martinelli and according to the proposal “facilitated the non-rational use of public funds, transgressions to the principle of transparency and due process.” Among the reforms it is proposed to […]