This document summarizes legal and financial services offered by a Panama law firm for clients relocating or doing business in Panama. It provides background on the firm's attorneys and an overview of Panama's economy. Key services discussed include health insurance options, types of business entities like corporations and foundations, immigration programs, banking regulations, and Panama's tax laws.
The Federal Corrupt Practices Act (“FCPA”) prohibits a U.S. company or person from bribing foreign government officials to obtain a business advantage. Along with this seemingly simple restriction comes accounting and record keeping requirements with which companies must comply. The FCPA requires the implementation of a compliance program which addresses FCPA concerns and establishes an FCPA corporate policy. This webinar covers the basics of the FCPA, including an introduction to the regulators, both the SEC and DOJ, and recent communications to the public regarding the FCPA from these regulatory bodies. The standards for a compliance program review is analyzed, including what makes a program current and effective as well as how often the program requires review. The role of a compliance coordinator is discussed, as is record keeping, training, and retaliation. Finally, meals and entertainment, gifts, travel, charitable contributions, and hiring are all discussed with reference to recent government actions and legal decisions.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/foreign-corrupt-practices-act-compliance-2021/
Details the provisions and implications of the Foreign Corrupt Practices Act (FCPA) geared toward sales people.
NOTE: Undergoing rewrite so examples more timely, specifically lessons from Siemens' FCPA problems.
The Federal Corrupt Practices Act (“FCPA”) prohibits a U.S. company or person from bribing foreign government officials to obtain a business advantage. Along with this seemingly simple restriction comes accounting and record keeping requirements with which companies must comply. The FCPA requires the implementation of a compliance program which addresses FCPA concerns and establishes an FCPA corporate policy. This webinar covers the basics of the FCPA, including an introduction to the regulators, both the SEC and DOJ, and recent communications to the public regarding the FCPA from these regulatory bodies. The standards for a compliance program review is analyzed, including what makes a program current and effective as well as how often the program requires review. The role of a compliance coordinator is discussed, as is record keeping, training, and retaliation. Finally, meals and entertainment, gifts, travel, charitable contributions, and hiring are all discussed with reference to recent government actions and legal decisions.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/foreign-corrupt-practices-act-compliance-2021/
Details the provisions and implications of the Foreign Corrupt Practices Act (FCPA) geared toward sales people.
NOTE: Undergoing rewrite so examples more timely, specifically lessons from Siemens' FCPA problems.
My books- Hacking Digital Learning Strategies http://hackingdls.com & Learning to Go https://gum.co/learn2go
Resources at http://shellyterrell.com/classmanagement
The reality for companies that are trying to figure out their blogging or content strategy is that there's a lot of content to write beyond just the "buy now" page.
US Expatriate Tax Presentation given in Puerto Vallarta and Melaque Mexico for Americans living there concerning filing FBAR forms, form 8938 and other required IRS foreign reporting forms by Don D. Nelson, Attorney, CPA. His website at www.taxmeless.com has a wealth of additional information
#NomadTalks 1: Offshore 101 - How to Diversify your Life, Protect your Assets...Theodor Berghausen
By Stephen Harrison MBA presented on a meetup for CODINO - the Community of Digital Nomads Barcelona - http://www.meetup.com/codino/
CODINO is a network of location independent entrepreneurs and freelancers for meetups, coworking, coliving, and mastermindgroups. Join us on http://www.meetup.com/codino/
New regulations 2015: Immigration to Spain - Golden Visa Program, Company SetupDe Micco & Friends Group
New regulations 2015 regarding immigration to Spain for Non EU countries. Golden Visa Program Spain for investors, company formation process, immigration and investment criterias.
Presented by Jon Kutner, hyperWALLET General Counsel, at the 2014 DSA Global Regulatory Conference.
The Foreign Accounts Tax Compliance Act (FATCA) should be on the radar screen of every DSA member company. This presentation will begin with a background on the legislation and how it is being implemented globally, followed by a summary of how the FATCA rules interact with Section 1441/Non-resident alien withholding rules affecting DSOs paying distributors in foreign countries. The presentation will also cover FATCA issues affecting DSOs with business entities in foreign countries, and provide some suggestions for multinationals to prepare for FATCA due diligence requests from their foreign financial institutions.
International Taxation – US Citizen and Green Card Holder (Resident Alien)Smart Accountants
With the Tax Season shaking the entire industry, only something valuable should divert your attention. And believe us when we say that our webinar series, which covers a variety of highly engaging topics around U.S Taxation is exactly what you should be focusing on!
My books- Hacking Digital Learning Strategies http://hackingdls.com & Learning to Go https://gum.co/learn2go
Resources at http://shellyterrell.com/classmanagement
The reality for companies that are trying to figure out their blogging or content strategy is that there's a lot of content to write beyond just the "buy now" page.
US Expatriate Tax Presentation given in Puerto Vallarta and Melaque Mexico for Americans living there concerning filing FBAR forms, form 8938 and other required IRS foreign reporting forms by Don D. Nelson, Attorney, CPA. His website at www.taxmeless.com has a wealth of additional information
#NomadTalks 1: Offshore 101 - How to Diversify your Life, Protect your Assets...Theodor Berghausen
By Stephen Harrison MBA presented on a meetup for CODINO - the Community of Digital Nomads Barcelona - http://www.meetup.com/codino/
CODINO is a network of location independent entrepreneurs and freelancers for meetups, coworking, coliving, and mastermindgroups. Join us on http://www.meetup.com/codino/
New regulations 2015: Immigration to Spain - Golden Visa Program, Company SetupDe Micco & Friends Group
New regulations 2015 regarding immigration to Spain for Non EU countries. Golden Visa Program Spain for investors, company formation process, immigration and investment criterias.
Presented by Jon Kutner, hyperWALLET General Counsel, at the 2014 DSA Global Regulatory Conference.
The Foreign Accounts Tax Compliance Act (FATCA) should be on the radar screen of every DSA member company. This presentation will begin with a background on the legislation and how it is being implemented globally, followed by a summary of how the FATCA rules interact with Section 1441/Non-resident alien withholding rules affecting DSOs paying distributors in foreign countries. The presentation will also cover FATCA issues affecting DSOs with business entities in foreign countries, and provide some suggestions for multinationals to prepare for FATCA due diligence requests from their foreign financial institutions.
International Taxation – US Citizen and Green Card Holder (Resident Alien)Smart Accountants
With the Tax Season shaking the entire industry, only something valuable should divert your attention. And believe us when we say that our webinar series, which covers a variety of highly engaging topics around U.S Taxation is exactly what you should be focusing on!
The 440 page LexisNexis® Guide to FATCA Compliance was designed in consultation, via numerous interviews and meetings, with government officials, NGO staff, large financial institution compliance officers, investment fund compliance officers, and trust companies, from North and South America, Europe, South Africa, and Asia, and in consultation with contributors who are leading industry experts. The contributors hail from several countries and an offshore financial center and include attorneys, accountants, information technology engineers, and risk managers from large, medium and small firms and from large financial institutions. Thus, the challenges of the FATCA Compliance Officer are approached from several perspectives and contextual backgrounds. See http://www.lexisnexis.com/store/catalog/booktemplate/productdetail.jsp?pageName=relatedProducts&prodId=prod19190327
This 28 chapter Guide contains three chapters written specifically to guide a financial institution's lead FATCA compliance officer in designing a plan of internal action within the enterprise and interaction with outside FATCA advisors with a view of best leveraging available resources and budget [see Chapters 2, 3, and 4]. Sample chapter available at http://www.lexisnexis.com/store/images/samples/9780769853734.pdf
Hedge Fund and Private Equity Fund managers must register with the SEC by March 30, 2012. Presentation is an overview of the registration and compliance matters for these managers.
7. The most common legal instruments for Incorporations in Panama: 1- Panamanian Corporations (Used to do business in Panama or to protect assets such as properties, any legal activity) 2- Private Interest Foundation (Asset Protection)
32. R E A L E S T A T E R E L A T E D T A X E S Real Estate Tax Progressive Table / 1% condos Transfer Real Estate Property Tax 2% Capital Gains Tax 3%
33. TAX ABATEMENT – REAL ESTATE RESIDENTIALS: COSTS FROM UP TO YEARS UP TO 100,000 15 MORE THAN 100,000 250,000 10 MORE THAN 250,000 5 INDUSTRIAL, COMMERCIAL AGRO – INDUSTRIAL: 10
34. PANAMA AS TAX HAVEN Panama has triumphed in the process of not being considered a tax haven. Finally, after a successful negotiation and subscription of 12 double taxation agreements and the implementation of deep changes within the internal revenue and tax administration, the OCDE introduced our country into the so called “white lists”.
35. PENSIONADO PROGRAM BENEFITS Selective Consumption Tax (ISC) of 5% plus 7% Service Tax on cars (*) Import tax exemption for households up to US$10,000 Import tax exemption for household goods 25% discounts on utility bills 25% discount on airline tickets and 30% on other transportation 15% discount on loans made in your name 1% reduction on home mortgages for homes used for personal residence (The house has to be purchased at your name not a company or SA) 20% discount on doctor's bills 15% on hospital services if no insurance applies 15% off dental and eye exams 10% discount on medicines 20% discount on bills for professional and technical services 50% discount on entrance to movie theaters, cultural and sporting events 50% discount at hotels during Monday to Thursday, 30% on weekends, among others. (*) Law 33 of 2010
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38. Escobar, Della Togna, Icaza & Jurado 47 th Street and Aquilino de la Guardia Ave., The Ocean Business Plaza, Suite 1003 Panama City, Panama www.edtij.com – info@edtij.com Tel.(507)340.63.24 Fax. (507)340.63.25
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