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Insights


Fiscal Law: Reform to the Social Fiscal Responsibility Law
In October 2024, Panama’s National Assembly approved Law 445, which amends the Social Fiscal Responsibility Law. This reform establishes a gradual fiscal adjustment path for Panama’s fiscal deficit, with the purpose of organizing public finances and keeping public debt at manageable levels. The reform comes at a key moment, after years of increased public spending and growing pressure on the national budget. Fiscal Deficit Limits 4% Deficit in 2025 Beginning in January 2025,
Jun 12


Immigration Law: New Regularization and Control Measures
In 2025, Panama’s National Immigration Service implemented several significant measures. Humanitarian Security Protection Permit: Created through Executive Decree No. 6 of March 11, 2025, this permit allows foreign nationals who have remained irregularly in the country for more than one year to regularize their immigration status. Fine Exemption: Resolution No. 6616 of March 12, 2025, establishes a full exemption from overstay fines for individuals applying for the humanitari
Jun 12


Criminal Law: Reforms to the Criminal Code to Protect Critical Infrastructure
In December 2024, Law 460 amended Panama’s Criminal Code to impose stricter penalties on those who commit crimes against critical infrastructure, including schools and hospital facilities. This reform seeks to deter theft and robbery in spaces that are essential to the community.
Jun 12
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