Panama

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Pese a alzas en los costos y una desaceleración del crecimiento de ingresos por primas, el panorama para la industria aseguradora panameña sigue siendo alentador, con una mayor diversificación de productos en el horizonte y regulaciones más exigentes en debate. 

Aunque un nuevo conflicto laboral amenaza con postergar las obras de expansión, el tercer carril del Canal de Panamá está previsto para abrir en abril de 2016, después de que la Autoridad del Canal de Panamá (ACP) aprobara el presupuesto el pasado julio. 

Due to its central location, Panama’s economy is primarily based on a well-developed services sector, which accounts for nearly 83.4% of GDP. Services include the Panama Canal and its associated logistics hub, the Colón Free Trade Zone (CFTZ), banking, insurance, tourism and the international ship registry, health care and other economic sectors.

The most recent and relevant developments related to intellectual property (IP) in Panama have been the amendment of Law 35 of 1996 (Panama’s Industrial Property Law) through Law 61 of 2012, and the amendment of Law 15 of 1994 (Copyright Law) through Law 64 of 2012. These amendments have enabled Panama to update two laws that for many years were considered models for the...

To what extent can regulations be improved to further encourage private sector activity?

Panama utilises a territorial taxation system that levies taxes only on operations that take place or that have effects within the country’s territory. Income tax, in particular, is levied only on income that arises from a Panamanian source, regardless of the nationality or residence of the income recipient.

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