The Republic of Panama has created new comprehensive incentives in order to attract multinational companies to establish offices, branches and / or affiliates in Panama.

Last year Panama joined the list of countries that have established quotas as a mean for reducing the gender gap. Law 56 of 2017 creates a women quota of 30% on corporate boards of public entities and certain private entities.

The Nevis International Business Corporation Ordinance (the "NIBCO") governs the incorporation and operation of International Business Companies ("IBCs") in Nevis.

This requirement is limited to comply with a formality that is characteristic to these legal entities due to their nature.

La Ordenanza de Compañías de Negocios Internacionales de Nevis (la "NIBCO", por sus siglas en inglés) regula la constitución y operación de las Compañías de Negocios Internacionales ("IBCs") en Nevis.

Un fideicomiso no regulado es aquel en el que el fiduciario es una persona privada que no está sujeta a regulación por parte de ninguna autoridad financiera.

An unregulated Trust is a Trust in which the Trustee is a private individual or private company that is not supervised by any regulatory authority.

There have been a number of new laws in Panama relating to corporate governance, money laundering and bearer shares.

Corporate governance is defined by guidelines that seek to regulate and organize the relationships between the various stakeholders within an entity.

Authorities in the country are seeking to address governance criticisms linked to the Panama Papers.

The law on Panamanian corporations, adopted in 1927, is a version of the corporation law of the State of Delaware, United States, and since its enactment, has been widely used by the international financial community...