PANAMA ENACTS LAW PROMOTING THE ESTABLISHMENT OF MULTINATIONAL MANUFACTURING COMPANIES
18. September 2020
Through Law 159 dated August 31, 2020, the Republic of Panama creates a special regime for the establishment and operation of multinational companies for the provision of services related to manufacturing (“EMMAs”). The objective of this new law is to attract and promote investments in production processes, job creation and technology transfer, through the establishment of multinational companies in the areas of manufacturing, assembly, and remanufacturing.
EMMAs are defined as companies, national or foreign, that carry out operations, from Panama, offering certain services to their parent companies, subsidiaries, affiliates or associated companies of the same business group.