The Republic of Panama has created new comprehensive incentives in order to attract multinational companies to establish offices, branches and / or affiliates in Panama.
Morgan & Morgan
Last year Panama joined the list of countries that have established quotas as a mean for reducing the gender gap. Law 56 of 2017 creates a women quota of 30% on corporate boards of public entities and certain private entities.
Authorities in the country are seeking to address governance criticisms linked to the Panama Papers.
This requirement is limited to comply with a formality that is characteristic to these legal entities due to their nature.
The law on Panamanian corporations, adopted in 1927, is a version of the corporation law of the State of Delaware, United States, and since its enactment, has been widely used by the international financial community...
There have been a number of new laws in Panama relating to corporate governance, money laundering and bearer shares.