The financial structure known as trust or trust, which enjoys a smoothed tax regime and functional protection, has met the need to make changes in its provisions since the many restrictions and prohibitions contained in the original law have ceased to be relevant to the dizzying changes that occur in the world. Advantages of the…
Although Panama’s first Trust Law dates back to 1925, its current Trust legislation was enacted in 1984 (Law No. 1 of January 5, 1984) and is responsible for the development of competition as a service center fiduciaries There are more than 60 trust licenses issued and are supervised by the Superintendency of Banks of Panama.…