Panama Canal Proposes New Toll System, Raising Transit Costs


News from Panama

The Panama Canal Authority proposed a comprehensive restructuring of its toll system on Friday, which would increase rates charged on cargo such as vehicles, oil and gas and soybeans that cross the waterway as ocean shippers rake in record profits. The changes would reduce the current structure to fewer than 60 tariffs from 430 now and focus […]

April 8, 2022

Panama – Regulation to the law that creates the private and unique system of registration of beneficial owners of legal entities


News from Panama

ASSIGNMENT OF A UNIQUE REGISTRATION CODE (HEREINAFTER “CUR”): Every lawyer or law firm that intends to provide resident agent services for Panamanian legal entities must be registered in the Unique System of the Superintendence of Non-Financial Subjects. After their registration, the Superintendence of Non-Financial Subjects will assign a Unique Registration Code (hereinafter “CUR”) to each […]

April 8, 2022

The Darien, a Gap between Hope and Despair


News from Panama

With a bag full of hopes and dreams, Iriana Ureña, a 32-year-old Venezuelan mother of two, arrived at a Migrant Reception Station (ERM) in San Vicente, at the edge of the Darien Gap. The look in her eyes showing the pain of a mother who would do anything to protect her children. Iriana and her […]

April 8, 2022

Panama promotes electric mobility


News from Panama

According to Juan Octavio Díaz, president of the House of Batteries, in Latin America and the world this is an unstoppable trend despite the resistance of many industries that do not want to lose their market. The specialist explained to the newspaper La Prensa that electric mobility will be the common denominator on the planet, […]

April 2, 2022

Can a New Central American Alliance Nudge Ortega?


News from Panama

Costa Rica’s next president will guide a pro-democracy pact with Panama and the Dominican Republic. Costa Rica is sometimes called the “Switzerland of Central America” due to its history of democracy, disarmament, political neutrality, and economic prosperity relative to other countries in its neighborhood. That fourth pillar was badly shaken during the COVID-19 pandemic. With […]

March 18, 2022