From Monday May 4 comes into force amendments to the Law 47 of 2013, which creates a regime of custody for bearer shares.

The main change introduced is the reduction of the deadlines for its implementation caused by international pressure to improve financial transparency. Martinelli’s government approved the immobilization of bearer shares in 2013, but introduced two articles that impede the effective implementation of the law until 2018.

The text said that would take effect two years after its enactment. Since the law was passed in August 2013, this would not happen until August this year.
The measure is drawn to always know who is the ultimate beneficiary of the shares of a company, being recorded these movements.

Law 18 of 2015 restates these deadlines: Take the entry into force of the rule by next May 4 and the terminus for all companies to register bearer shares at December 31st. After that date, “social pacts will be considered amended by rule of law prohibiting the issuance of bearer shares, except in cases where the board or the shareholders adopted resolution approving the company avails itself of the regime immobilization of actions established in this law, “says the statement.

Open a business in Panama is not difficult for the legal norms that are reformed in order to promote the development of the national economy. These rules have led to a simplification in the registration process and opening of shops , with a unique system of business registration procedures on-line quickly and safely. The law 33 of 25 July 2000, Article 11 states that registered microenterprises in the official record that keeps AMPYME payment will excenta income tax revenues generated during the first 2 fiscal years from registration . To enjoy this benefit the economic unit must generate gross income up to the amount of B / . 150,000.00 annually as noted AMPYME . The requirements to enroll in AMPYME are as follows.

• Copy of Notice of Operation , Commercial or Business Registration License.
• Copy of the Certificate of Legal Representative.
• Copy of latest income statement certifying the annual turnover. If the company is new so no need.
• Copy of Certificate of Public Registry.

In solendeg advise you on your record as micro to the AMPYME to enjoy its benefits and meets the requirements set forth by law

Intellectual Property includes the rights granted by a set of laws or rules that allow for the protection of inventions, literary and artistic works, symbols, names, images, and designs used in commerce and in general, of intellectual property that may shape the heritage of the people, by special rules tailored to the special nature that possess those intangible things. Are covered by Law 64 of 10 October 2012 on copyright.
The intellectual property rights may be granted to a natural person (the creator of the work) or a legal person (as the producer, the employer if the employment contract of where it was well established or commissioned works). In the copyright holder exists moral rights (author of the work) and the owner of the economic rights (who can commercially exploit), which are not necessarily the same person.
Lack of knowledge on intellectual property limits the good business development and the fight against unfair acts, know its important aspects will let you have a useful tool for your business.
In Solis, Endara, Delgado & Guevara can advise effectively in all matters relating to intellectual property rights. If you need to register a trademark, franchise contracts, technology transfer contract, or file a lawsuit in opposition to a trademark registration, we will gladly advise you about it.