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Some expats in Chiriqui and other parts of Panama may be facing a rental lease expiring during the current COVID-19 national emergency. Last May 1st, Panama's President issued an Executive Decree freezing all rents until the coronavirus national emergency ends. While some Panama attorneys published summaries of Executive Decree 145, I couldn't find one who explained expiring leases. So, I decided to investigate an answer. I asked what many consider as the best law firm in Panama, Morgan & Morgan in Panama City some questions about this. 1. What happens to a tenant in a res
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On March 14th, 2018, in a matter of minutes, the public announcement regarding the closing down of the law firm, which played a leading role in the well-known "Panama Papers", is being published worldwide. The law firm Mossack Fonseca & Co., Bufete MF & Co. or Grupo Mossack & Fonseca has closed its activities on the 30th of April, 2018, in all of its branch offices around the world, including its head quarter in Panama City. In Panama, the "offshore" incorporation and financial business sector is an important pillar for the national economy, and sustains almost 50% of the service s
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Free Consultations at Gomez Tomiczek Law Firm
Gomez Tomiczek posted a calendar event in Community Events Calendar
untilFree consultations at GOMEZ TOMICZEK LAW FIRM (ENGLISH AND/OR SPANISH SPOKEN) Instructions: The consultations will be managed by a first-come, first-served basis. Our address in Plaza San Francisco (second floor), office #23, near Magda Crespo Seguros. The free consultations will be performed by Lcdo. Abel Gomez covering his different legal expertise areas, as: -Corporate and Commercial Law -Relocation Services and Migration -Foreign Investment -Asset Management -Maritime Law -Tax Law -Intellectual Property and Patents -Real Estate -
Private Interest Foundations in Panama constitute an alternative to Offshore Corporations or Companies and to Limited Liability Companies, because they are meant to provide asset protection, playing an important role, similar to that of a Trust. For this reason Foundations directly compete with Trusts as a vehicle for wealth and estate management, permitting separation of assets between the founder and the beneficiaries, but without necessarily losing control of such assets, as it happens in Trusts. A Private Interest Foundation is the combination between a corporation and a will.
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