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A new accounting law has changed the record-keeping requirements for companies, which will have a direct impact on Panama homeowners who use a corporation to own their property. The new legislation, Law No. 254, requires all legal entities, including corporations…
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The latest economic data shows Panama rebounded dramatically in 2021, posting a 15.3% increase from 2020. Copper mining and the Panama Canal played a major role in the increase, but Panama Real Estate also played a major role, according to…
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As Latin America moves to decarbonize and create a more sustainable future, Panama stands to be a major beneficiary, according to consulting firm McKinsey & Company. The report focuses on the economic changes necessary to achieve net-zero greenhouse gas emissions…
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International agency Fitch ratings have put its stamp of approval on Panama’s economic recovery. In its latest report, Fitch upgraded its ratings on Panama to “stable,” noting the quicker than expected bounce back from the pandemic and the overall strength…
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