|
PANAMA is ready to offer the world the best scenario that any country may offer. Panama's geographical position enables the creation of successful services such as Offshore Corporations, the Colon Free Zone, Ship Registration, Trademark Registration, Migration, Banks, tourism, real estate, housing for pensioners and senior citizens, insurance and reinsurance, the Panama Canal, among others, which are attractive for the international community. Many of these services take shape thanks to the lawyers and the people of Panama, who supported by the legislation and by marketing such laws, have contributed to the progress of Panama, which arises from the encouragement of investments so assuring a flourishing future to Panama and to those who believe in this. Panama offers countless advantages that evolve in making the country competitive in different scopes. |
|||||
|
|
The enlargement of the Panama Canal assures a non-stop progress as well as the success in the field of tourism, also housing for pensioners has begun to become a reality throughout multiple investments that day by day are materialized in real state. GGA fulfills the market’s expectations with a Panamanian and foreign group of lawyers, assisted by consultants with expertise in Offshore Corporations, the Colon Free Trade Zone, vessel registration, trademarks, migration, banks, tourism, real estate, housing for pensioners, insurance and reinsurance, and the Panama Canal. Our goal is to render the quality and efficient services that characterize us.
GGA has modern offices located in the Banking Center of Panama city, as well as in Colon Free Trade Zone, (both cities adjacent to the Panama Canal); also in Guayaquil, Ecuador and Bogota, Colombia. In addition, the firm has direct partners in Caracas, Venezuela and in Lima, Peru. Furthermore, the firm possesses multiple international agents which enable us to provide a first class service through a wide range of legal services.
Panama's legal
framework is the appropriate for doing local and international
business since we are recognized as a reliable jurisdiction that
succeeds with the premium legal figure known as the "Offshore
Corporation" since 1927.
Offshore Corporations
are panamanian corporations that don't operate in the panamanian
territory but they do operate abroad. The main advantage is that
they don't pay income tax in Panama for the operations done abroad;
they only pay taxes for the operations done in Panama.
TRANSACTIONS IN THE COLON FREE
TRADE ZONE
The Colon Free Zone is the largest tax-free zone of the Western Hemisphere and it is the second one worldwide only surpassed by Hong Kong. The opportunities to carry out business in the Colon Free Trade Zone are innumberable.
Panama offers different legal options, whether it is to live or work in the country or to simply choose it as a second home for living like many retired people do.
Among the different visas that a foreigner may apply for in Panama, there are the following: Retiree Visa, Pensioned Tourist Visa, Self Economic Solvency Visa, Small Business Investor Visa, Temporary Visa in agreement with the City of Knowledge, Temporary Visa for students, Visa by virtue of a Resolution of the Ministry of Labor, Work Permit.
As a consequence of globalization, the protection to intellectual and industrial property is nowadays of outstanding importance. Panama has signed several agreements for the protection of Trademarks and Industrial and Commercial Patents.
GGA has qualified staff to provide expert advice on Trademark Registration and Anti-piracy Actions. Our team provides the following legal services: Trademark Name Registration and Patent Registration, Trademark Name Opposition Suits, Cessions and transferences, Copyrights.
We are also present in the Colon Free Trade Zone where trademark registration is crucial.
Trusts are instruments offered by the legislation of the Republic of Panama, which are useful for investment as well as to arrange the patrimony.
Besides the Panamanian
or Offshore Corporation, the Private Interest Foundation is another
appropriate legal vehicle for patrimony protection and tax planning. Private Interest Foundations are a
juridical figure used for planning succession in order to avoid
troublesome and conflictive judicial proceedings.
Law No. 25 enacted in
1995 allows the establishment of a Private Interest Foundation in a
similar way to the establishment of Foundations in other
jurisdictions such as Liechtenstein for example.
Because of its climate, its legal certainty and stability, the Republic of Panama has been shown in the recent years as a favorable place to welcome foreign senior citizens and pensioners.
Panama's Banking Center is the most important in Latin America with around one hundred banks -half are banks with general licenses and the rest are banks with international and representative licenses. We have broad experience in advising about opening accounts in banks operating in the Panamanian Banking Center.
The Republic of Panama is the largest
open registry of vessels in the world, due to the tax advantages
offered by our maritime law.
|
|||||
|
||||||
