From Washington: Government of Panama dismisses reviews opacity against financial commission

‘The position of the Republic of Panama is that the commission report be made public, as has already released the first report, “said Minister of Economy and Finance. Panama will publish the findings of the commission convened by the Government to review the practices of the financial industry, to recommend actions to promote transparency of Read more about From Washington: Government of Panama dismisses reviews opacity against financial commission[…]

IMF lowers projection of 5.2% Panama

On Tuesday, the International Monetary Fund (IMF) has lowered the growth forecast of Panama and stood at 5.2%, after in April the company expected that the country would grow by 6.1% this year, according to its report ‘Global Economic Prospects’ , published yesterday in Washington, United States. For 2017, the IMF assigned to Panama grew Read more about IMF lowers projection of 5.2% Panama[…]

Firm Panamanian economy to Latin America

In the last two years there has been a contraction in regional growth ALERT After enjoying for nearly a decade of growth averaging 4% in the last two years (2015 and 2016) have recorded a regional contraction, in which the average growth in Latin America (AL) will end -0.6% of this year. According to the Read more about Firm Panamanian economy to Latin America[…]

Panama, the country that will grow in Central America

Although the canal country will lead growth in the region of the Isthmus, Dominican Republic recorded a better gross domestic product (GDP), according to data released by the International Monetary Fund (IMF). Panama will close the year with growth of 5.2%, however, it will be higher in 2017 because it would be 5.8%, estimated the Read more about Panama, the country that will grow in Central America[…]

PMC Group

    We have a full range of corporate services, if you want to know more about our company please contact us. Financial advice Asset Protection Specialty Tax Advice International Level Asset Protection Strategy Development and Business Opportunities Law Firm in Panama with International Profile Leadership in various areas of law, specialists in International Corporate Read more about PMC Group[…]

Panama’s second most competitive country in Latin America

In Latin America, the differences in competitiveness between countries are considerable Chile is the most competitive country in Latin America, according to the annual ranking of competitiveness report presented by the World Economic Forum (WEF) today and that gives Venezuela the worst rating in the region. While the first country is in the position 33, Read more about Panama’s second most competitive country in Latin America[…]

Assets and deposits of banks increased

The International Banking Center of Panama closed July with assets of $ 118 000 602 million, representing an increase of 2.7% compared to the previous year. Local loan portfolio increased 10%. The Superintendent of Banks of Panama, Ricardo Fernandez said that “the lending business maintained a positive pace and more importantly it continues robust economic Read more about Assets and deposits of banks increased[…]

Varela invites US companies to invest in Panama

President of the Republic, Juan Carlos Varela, Thursday invited major US companies to invest in the new business climate in Panama, where transparency and respect for law prevails. During the meeting, in which representatives of Chevron, FedEx Express, Estee Lauder, Interenergy Holding, The Coca Cola Company, Walmart, Vice on HBO, Medtronic, among others, the Head Read more about Varela invites US companies to invest in Panama[…]

National Assembly approves implementation of FATCA last debate

  The National Assembly approved on third and final debate the bill 363 by which the Intergovernmental Agreement (IGA) Panama-US is ratified. to run the American Law foreign account tax compliance (FATCA). The ratification of the agreement was essential for Panama in September 2017 made its first report under the FATCA, as noted by the Read more about National Assembly approves implementation of FATCA last debate[…]

Regulate data exchange

Financial institutions are obliged to provide information about foreign to the Directorate General of Revenue (DGI) customers and will be exposed to penalties if they do not. A bill submitted to the National Assembly this week by Ivan Zarak, Deputy Economy Minister creates the legal framework to meet the exchange of financial information, a commitment Read more about Regulate data exchange[…]