We have specialized in the organization of corporations, private foundations and in the registration of vessels under the Panamanian flag. Furthermore, we offer our clients legal counseling on corporate, commercial, labor and tax matters.
Registration of Vessels in Panama
Commercial Law and Contracts
Registration of Trademarks and Patents
Property and Real Estate Law
We specialize in advising our clients on the incorporation, organization, administration, maintenance, merger and dissolution of Panamanian corporations for local and international use. We also offer companies from other jurisdictions, such as: British Virgin Islands, Belize, Delaware and Marshall Islands, among others.
We incorporate Private Foundations in the jurisdiction of Panama. The main purpose of a Private Foundation consists in the administration and preservation of assets in favor of the beneficiaries, who may be the founder himself. This entity has multiple uses and advantages, making it a very attractive legal instrument for asset and hereditary planning.
REGISTRATION OF VESSELS IN PANAMA
We have a vast experience in this area and it represents a very important part of our practice. The Republic of Panama is known for its merchant fleet and it has offered its flag of convenience to the International Maritime Community for almost 100 years. We carry out the necessary transactions for the registration of vessels and yachts at the Panamanian Merchant Marine. This includes the execution, registration and deletion of naval mortgages, obtaining provisional/statutory navigation registry certificates and radio communication licenses, among other documents.
Due to its privileged geographical position, Panama is a necessary route for thousands of vessels of all types. As a consequence, two Maritime Courts in Panama are a convenient forum to resolve disputes in the international maritime community, establishing judicial procedures and enforcing its claims by means of the arrest of vessels or ships. Our firm also has broad experience in labor claims, maritime credits, collisions and salvage, among others.
Panama is an attractive financial center due to its strategic geographical location, its strong economy, political stability and its favorable law on banking confidentiality. Our firm offers assistance in opening bank accounts at local and international banks.
COMMERCIAL LAW AND CONTRACTS
Vives y Asociados offers counseling to both local and international clients in all matters related to the negotiation and elaboration of all types of contracts and negotiable documents in the Republic of Panama or abroad, such as: purchase and sale agreements, importation contracts, loan agreements, credit lines, commercial and residential mortgages, distribution contracts and others.
We provide assistance and counseling to individuals or enterprises who wish to establish in Panama and engage in commercial or industrial operations here, mainly in their incorporation and registration, the elaboration of documents, procedures and requirements to be submitted before the Ministry of Commerce and Industry of Panama and other public, administrative and private institutions, always trying to achieve the best advantages and benefits that the law and the existing commercial regulations offer.
REGISTRATION OF TRADEMARKS AND PATENTS
The Republic of Panama has become one of the most important financial service centers worldwide. Furthermore, it has one of the largest duty free zones in the world, the Colon Free Zone. Therefore, it is also a strategic center for the registration of trademarks and patents.
Our firm offers legal counseling to foreigners, entrepreneurs and retirees who establish their residence in Panama. We provide legal support throughout the whole process of obtaining the different types of visas that the immigration laws offer. We also provide legal assistance to foreign companies that bring their executives to Panama.
PROPERTY AND REAL ESTATE LAW
Real estate and property investment have been some of the fastest growing areas in the Panamanian economy during the last decade. The country continues to be an ideal destination for investors and retirees from all parts of the world who come to the country to live and invest.
Vives y Asociados attends the needs of investors in this area with qualified and authorized personnel for all kinds of operations related to real estate.
The tax system of Panama is based in the principle of territoriality, pursuant to which only the transactions carried out within its territory are subject to taxes. Therefore, all the transactions executed outside the country are exempted from taxes. Our firm has lawyers with vast experience in counseling national and foreign clients in matters related with tax laws and its implications in the financial and commercial transactions that are carried out in Panama.
We offer advice on how to structure your operations, to avoid incurring in any additional taxes than those legally established. Likewise, we keep our clients informed on the tax benefits and exemptions of certain operations.
Our firm offers legal advice in the elaboration and the review of employment contracts, internal labor regulations, dismissals and mutual consents. Furthermore, we represent our clients before labor courts.