Investing or opening a business in Panama requires multiple legal processes and paperwork such as permits, licenses, visas, notarizing, filings in the Public Registry office, operation notices, filings with the local Dirección General de Ingresos (government tax office), municipality permits, among others, all according to each client’s needs. The firm’s partners experience in working with local institutions such as the Ministry of Work, the Ministry of Commerce and Industries, and the National Immigration Service benefits clients and their operations.
These are alternative dispute resolution (ADR) legal options at the client’s disposal, a service of great value in business dealings. The firm’s partners serve as arbitrators or legal representatives in arbitrage processes for the resolution of private conflicts, a practical and efficient option that provides positive results.
The firm handles and is keen on Panamanian financial regulations, which are guarded by local superintendence offices such as Superintendencia de Bancos (banks), Superintendencia de Valores (stocks) y Superintendencia de Seguros (insurance). It also provides counsel to abide by international guidelines in the fight against money laundering and other illegal activities, according to local and global institutions such as Panama’s Superintendencia de Sujetos No Financieros (SSNF) and organizations such as GAFI and OCDE.
This is another area were the firm excels. Assistance is provided to legal entities such as public limited companies or private interest foundations in order for them to comply with all required norms and regulations, giving support during administrative processes such as operation permits, municipal paperwork, taxes and social security. This service is of special interest for non-profit organizations, multinationals seeking to establish local operations, and for companies that desire to do business in the Panama-Pacific special free trade zone, covering all administrative processes regarding both legal and work-related issues.
The firm’s lawyers and partners attend to any possible suits that their clients present or receive before Panama’s Supreme Court and its Judicial Branch, either from business dealings between companies, employee administrative issues that are government related or civil affairs between individuals. Castillo Estudio Jurídico also provides additional legal services that complement their array of options for clients interested in investing in Panama.
Castillo Estudio Jurídico specializes in both civil and business litigation. This service is useful for business processes relating to company branches, representation and distribution deals, consumer protection, antitrust laws, intellectual property as well as work and administrative processes.