Investment Stability Law
The Investment Stability Law (Law No. 54 of July 22, 1998), guarantees all foreign and national investors equal rights in terms of investments and business practices, continuing Panama's quote s long-standing policy of providing a foreign-investment environment that requires no special authorizations, permits or prior registration.
This law provides a 10 year stability as of the registration of the investment that al legal, tax, customs, municipal and labor rules will remain identical to those in force at the time of registration. This is an important guarantee to secure no-changes will affect the amortization of investments.
Up to date, more than US $2 billion have been registered under the protection of this legislation, ranging from energy and petroleum to industrial and tourism development projects. |
