Juan José Espino Sagel

The Government of Panama has approved a significant new regulation to its Panama Qualified Investor Visa (also known as the GoldenVisa) through Decree 193, effective from October 15th, 2024.  This permanent residence visa, originally launched to attract high-net-worth individuals by offering a fast-track route to residency, has now undergone crucial changes to its real estate investment requirements and processing options, making it more accessible to medium-net-worth individuals.…

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The speaker for this event, Eduardo Achurra M., is an expert lawyer in immigration, corporate, and real estate with more than 20 years of experience. As a partner at Pardini & Asociados, a multi-award-winning international law firm with headquarters in Panama and nearly 40 years of experience advising foreign clients and corporations, Eduardo has represented many clients,…

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The Panamanian Colon Free Zone (ZLC) closed last January with transactions for 2,3 billion dollars, 34.1 percent more in relation to the same period of 2022, its administration reported today. Acco…

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Forbes: A Great News For Panamá. Foreign Buyers Are Finally Cooling On America’s Overheated Housing Market. The American residential real estate market rarely rocks headline…

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Speaking at AAPA Latino in Cartagena, Colombia, the Panama Canal Administrator Ricaurte Vásquez announced the Panama Canal Green Vessel Classification system, which will include a GHG Emissions Fee. These changes will build upon the Canal’s existing incentives for sustainable shipping lines, provided through its Green Connection Environmental Recognition Programme. This programme has evolved from the Green…

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Cyprus will proceed with a tax reform next year, including the increase of corporate income tax and the introduction of green taxation with a view to achieving its environmental targets, Finance Minister Constantinos Petrides has said. Speaking before the Parliament’s plenary ahead of the debate for the 2022 state budget on Thursday, Petrides said the…

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Panama has enacted Law 254, requiring international legal entities to provide their resident agent with accounting records annually. The Law adjusts existing legislation on anti-money laundering (AML) and aims to meet international standards on tax transparency.  The Law is divided into three main areas, dealing with accounting records, due-diligence and registration of final beneficiaries.  Resident…

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The Panamanian Government has issued, through Executive Decree No. 197 of May 7th, 2021, major changes to the Friendly Nations Visa. The Decree was published on May 20th, 2021 and will come into force in 90 days (August 20, 2021). The changes include the elimination of the possibility to access permanent residence by incorporating a…

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The UK and India have signed an ambitious new migration partnership, which will see both countries benefit from a new scheme for young Indian and British professionals to live and work in one another’s countries. Home Secretary Priti Patel and Indian Minister of External Affairs Subrahmanyam Jaishankar today (4 May) signed the ‘Migration and Mobility…

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