Law on Multinational Companies Sanctioned
Tuesday, September 1, 2020
Panamanian President Laurentino Cortizo, sanctioned the law that creates the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services related to Manufacturing.
After the <a href="" target="_blank">​deputies of the Panamanian Assembly approved in the third debate last month the bill that aims to promote investments in this context of economic crisis that derives from the outbreak of covid-19, the President of the Executive sanctioned the regulation on August 31, 2020.

The sanctioning of the law took place in the context of a protocolary act that was carried out in the Colon Free Zone (ZLC).

The EMMA Law promotes the establishment of multinational manufacturing, light manufacturing and assembly companies, requiring the direct hiring of labor, promoting job generation and economic growth in the country, post covid-19, details a statement from the ZLC.

The services of these multinationals will be able to be developed in different provinces of the country and will work in product manufacturing, machinery equipment, product packaging services, machinery and equipment.

Check out the "System for monitoring markets and economic situation in the countries of Central America", developed by CentralAmericaData.
More on this topic
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Within the conditions to operate under the Multinational Enterprise Headquarters regime in Panama, the requirement for a worldwide number of employees has been changed to instead include a requirement to have a presence in more than 40 countries.
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Panama: Incentives for Multinationals to be Broadened
August 2015
The government plans to extend the incentives of the law 41 other multinational companies not included in the original text, such as the manufacturing sector.
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'Panama Invest’ Bears Fruit
October 2011
Efforts to promote the country in Sao Paulo, Toronto and Madrid among other cities, are now generating tangible results.
25 multinational companies from around the world have expressed interest in setting up in Panama under the Law of Multinational Corporations (SEM in Spanish).
Key entities
Asamblea Nacional de Panamá Laurentino Cortizo
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