Pursuant to the International Business Companies (Intellectual Property Asset Prohibition) Regulations, 2019 and related legislation, companies incorporated under the International Business Companies Act of Belize (IBCs) shall not acquire, hold own or deal with any Intellectual Property Asset.
Effective May 2, 2019, Panamanian nationals holding ordinary passports and an approved multiple-entry visa can stay in China for tourism and business for up to 90 days, and vice versa. A reciprocal agreement has extended the allowable stay period from 30 days under this type of entry in both countries.
Saturn meat processing plant plans to make an investment of 15 million dollars to build a new plant capable of slaughtering 200 animals daily. This plant would meet the highest standards of food safety and security, so that in the medium term it can be enabled for export to the most demanding world markets, including China.
Content Types: ArticleRegions & Countries: BahamasServices: LegalEconomic Research & Strategy
The Bahamas has passed legislation requiring that certain legal entities carrying on relevant activities have to demonstrate adequate economic substance in said jurisdiction. The beneficial owners of any company or limited partnership incorporated, registered or continued in The Bahamas should be aware of this legislation and consider how they may be affected.
Content Types: ArticleRegions & Countries: PanamaIndustries: Information TechnologyServices: Legal
With the enactment of Law No. 81 on Protection of Personal Data, the Republic of Panama aims to establish the principles, rights, obligations and procedures that regulate the protection of personal data, also considering their interrelation with private life and other rights and fundamental freedoms of citizens, by natural or legal persons, public or private law, lucrative or not, that process personal data in the terms provided in the Law.