Panama implements the Private and Unique Registry System for Final Beneficiaries of Legal Entities.
"Private and Unique System of Registration of Final Beneficiaries of Legal Entities" was approved in Panama on March 17, 2020 and became law on March 20, 2020.
Based on the new Law (No. 129) every lawyer or law firm that provides its services as a resident agent must register and keep this registry up-to-date with the Superintendence of Non-Financial Regulated Subjects, to store and protect the information contained therein, guaranteeing, in principle its confidentiality and integrity.
The resident agent will be assigned a unique registration code (CUR), for access to the single system of final beneficiaries.
The Council of Ministers announced the categories of businesses that are excluded from the right to defer VAT payments as announced on 29 March 2020. Those businesses are electricity power companies, supermarkets, minimarkets, food retailing, retail sale of fuel, pharmacies, telecommunication providers.
The Ministry of Labour has uploaded online application forms related to benefits of Cyprus citizens and companies due to coronavirus crisis. Forms must be completed diretcly through online systems from the allowences regarding parent leave, sicknes from coronavirus, self employees and businesses that have completely or partially suspended operations.