Alfaro Ferrer & RamÌrez (AFRA)

In June 2018, the EU issued a scoping paper detailing the economic substance requisites that the subject jurisdictions should adopt before 2019 regarding entities based in those jurisdictions

As part of the Panamanian government's plan to reactivate the economy following the Covid-19 crisis, it is currently promoting a new regime known as limited liability entrepreneurship companies (LLEC).

Local law firm AFRA explains the need-to-know on Panama’s new decree, which the govenrment hopes will increase its logistics appeal to foreign companies