Multinational Headquarters (SEM) Regime
Special regime for multinational regional headquarters: reduced income tax, dedicated visas and tax benefits.
Gaceta Oficial No. 25864
Multinational Manufacturing (EMMA) Regime
Regime for multinational manufacturing services: tax, immigration and labor incentives.
Gaceta Oficial No. 29103-A
EMMA Regime Regulations
Regulations implementing Law 159 of 2020: licensing, substance requirements, annual reports and sanctions.
Gaceta Oficial No. 29213-B
City of Knowledge (Ciudad del Saber)
Legal framework of the Ciudad del Saber science and technology park and its incentives for innovative companies.
Gaceta Oficial 23480
Panama Pacifico Special Economic Area
Special regime of the Panama Pacifico economic area: tax, labor, immigration and customs benefits.
Gaceta Oficial 25103-A
Colon Free Zone (2023 reform)
Reform of the legal framework of the Colon Free Zone, the largest free zone in the Western Hemisphere.
Gaceta Oficial No. 29914-A
Free Zones Regime
Special, comprehensive and simplified regime for establishing and operating free zones in Panama.
Gaceta Oficial 26757-B
Merchant Marine & Ship Registry
General Merchant Marine Law: vessel registration under the Panama flag, fees, discounts and dual registry.
Gaceta Oficial No. 26100 (7 de agosto de 2008)
Corporations (Sociedades Anónimas)
Panama’s corporation law: incorporation, directors, shareholders and resident agent.
Gaceta Oficial No. 5067 (16 de marzo de 1927)
Labor Code (key articles)
Key articles for employers: foreign-worker limits, vacations, working hours, probation and benefits.
Gaceta Oficial No. 17040 (18 de febrero de 1972)
Fiscal Code (key articles)
Key tax-system articles: territorial principle (Art. 694), income tax (699-700), dividends (733) and ITBMS/VAT.
Gaceta Oficial No. 12995 (29 de junio de 1956)
Qualified Investor Visa
Decrees 722 of 2020 and 193 of 2024: permanent residency through real estate, securities or bank-deposit investment.
Gaceta Oficial No. 29136 de 16 de octubre de 2020
Retiree (Pensionado) Benefits
The Pensionado program’s statutory discounts: healthcare, entertainment, hotels, utilities and more, with article citations.
Gaceta Oficial No. 20.827 de 22 de junio de 1987
Operation Notice (business licensing)
The PanamaEmprende business-opening system: who needs an Operation Notice, exemptions and the annual tax.
Gaceta Oficial No. 25709 de 12 de enero de 2007