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Mossack Fonseca: Curso sobre Ley Tributaria Internacional

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Mossack Fonseca: Curso sobre Ley Tributaria Internacional

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​A partir de este 18 de enero hasta el 6 de febrero, el Centro de Tributación Internacional de Leiden dictará un curso ejecutivo en Panamá, llevando a cabo el programa ejecutivo de Ley tributaria internacional en Latinoamérica. Para Mossack Fonseca, empresas de servicios integrales de carácter legal, fiduciario y contable, es un gran privilegio patrocinar un evento de gran importancia como este, así como participar en calidad de asistente a través de su equipo de abogados locales e internacionales.​

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​A partir de este 18 de enero hasta el 6 de febrero, el Centro de Tributación Internacional de Leiden dictará un curso ejecutivo en Panamá, llevando a cabo el programa ejecutivo de Ley tributaria internacional en Latinoamérica. Para Mossack Fonseca, empresas de servicios integrales de carácter legal, fiduciario y contable, es un gran privilegio patrocinar un evento de gran importancia como este, así como participar en calidad de asistente a través de su equipo de abogados locales e internacionales.​

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Mossack Fonseca: Recolecta de Libros a
beneficio de la Fundación Pro Niños Darién 

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Mossack Fonseca: Recolecta de Libros a
beneficio de la Fundación Pro Niños Darién 

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​¡LO LOGRAMOS! Al iniciar un nuevo años escolar, los colaboradores de Mossack Fonseca se complacen en apoyar a la Fundación Pro Niños de Daríen en su recolecta de cuadernos de 200 páginas.

La donación entregada de parte de los colaboradores de Mossack Fonseca y amigos fue de 783 cuadernos, 101 libros de actividades para colorear y 4 libros de figuritas.   Confiamos que serán de gran ayuda en las comunidades donde serán entregados para contribuir con el desarrollo intelectual de nuestra niñez.

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Mossack Fonseca: KickOff Meeting de MFAG (ASIA)

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Mossack Fonseca: KickOff Meeting de MFAG (ASIA)

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Mossack Fonseca - El pasado 28 de enero, se celebró el primer KickOff Meeting de MFAG en el Hotel Zhongyou en Hong Kong.

La Lic. María Mercedes Sadowski, Directora Ejecutiva de MFAG, lideró exitosamente esta reunión presencial y además, realizó sesiones vía Skype con el resto de nuestras oficinas en Asia.

De esta forma, continuamos paso a paso lograr nuestra meta: oficinas alineadas con los objetivos 2016.

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Mossack
Fonseca: El rol del agente residente en Panamá (I)

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Mossack
Fonseca: El rol del agente residente en Panamá (I)

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En varias ocasiones, sobre todo en los últimos tiempos, hemos visto con preocupación cómo se confunde la personalidad del agente residente con aquélla de las sociedades que incorporamos como parte de nuestro ejercicio profesional.  Resulta ya hasta común encontrar titulares en los medios de comunicación que responsabilizan a los agentes residentes panameños por las investigaciones y procesos judiciales que contra sociedades panameñas se ventilan en otros países.

En ese momento, muy en lo personal me he percatado de que quizás hemos dado por sentado que quien recibe la información, procesa, investiga y difunde la noticia, tiene completamente claro cuál es el concepto y la función del agente residente en nuestro país.

Lo realmente cierto es que quien recibe la noticia posiblemente tampoco lo tenga claro. Y cuando esta noticia, fundamentada en concepciones erradas o imperfectas alcanza la esfera internacional, el impacto que resulta es adverso a las gestiones de promoción que se realizan para la atracción de inversión extranjera hacia nuestro país y la consolidación de la reputación de nuestra plataforma de servicios a nivel internacional.

De allí la importancia de que quienes actúan como fuentes calificadas de información, manejen a cabalidad estos conceptos.

Qué es entonces la figura del Agente Residente?

En nuestra legislación, la figura tiene su génesis en la Ley 32 de 1927, que hoy en día es la Ley que regula el tema de las sociedades anónimas en nuestro país. Dicha Ley, en su artículo 2, ordinal 7, establece que toda sociedad anónima debe tener un agente en la República de Panamá, el cual puede ser una “persona jurídica”.

La norma tal como fue redactada dejaba abierta la posibilidad que cualquier persona, natural o jurídica, con independencia de su profesión u oficio, pudiese fungir como agente residente de una sociedad anónima.

No fue sino hasta el año 1966, cuando mediante el Decreto 147 de 4 de mayo de ese año, que reglamentó la inscripción de ciertos documentos en el Registro Público, se especificó que únicamente podía ser agente de una sociedad anónima, “un abogado o una sociedad de abogados hábiles para ejercer la profesión”.

La calificación introducida por este Decreto obedeció a que cuando quien representa a una persona jurídica, actúa en representación de ella ante las autoridades, esa representación no la hace en nombre propio sino en nombre y representación de una persona distinta, y este tipo de representación o actuación por ley está reservada a los abogados.

Así quedamos entonces los abogados, en forma individual o colegiada, a través de las firmas de abogados, encargados de la protocolización e inscripción en el Registro Público, de los pactos sociales que dan vida jurídica a las sociedades anónimas, con independencia de que las mismas vayan a tener operaciones dentro o fuera de Panamá.

Lo cierto es que la incorporación de sociedades ha sido siempre parte de nuestro ejercicio profesional y nuestra función como agentes residentes ha sido el servir de enlace entre las autoridades panameñas o terceros y nuestros clientes, sin que esto nos otorgue la capacidad para obligar y comprometer a la sociedad o la facultad para actuar en representación de ésta.

Y es que la Corte Suprema de Justicia ha manifestado en varias ocasiones que los agentes residentes tenemos un deber de cooperación y colaboración con las autoridades competentes del Ministerio Público, para los fines de persecución de los delitos.

Los abogados, como cualquier otra persona, estamos obligados a otorgar de oficio, cuantas notas, datos e informes nos soliciten los agentes del Ministerio Público cuando éstos actúen en defensa de los intereses públicos o como funcionarios de instrucción. Esta obligación está contenida en el Artículo 391 del Código Judicial.

Pero esta labor de cooperación no debe confundirse con una vinculación del agente residente con las acciones o gestiones derivadas de las operaciones de las sociedades que incorporamos. Los agentes residentes no somos responsables por el actuar comercial de estas sociedades, por el solo hecho de fungir como tales.​

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Mossack Fonseca Hace Entrega Formal de Obras al Programa
“Mi Escuela Primero”

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Mossack Fonseca Hace Entrega Formal de Obras al Programa
“Mi Escuela Primero”

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​El pasado 15 de marzo, se llevó a cabo en el Centro de Educación Básica General El Valle ubicado en la provincia de Coclé, el acto protocolar en el cual se realizó la entrega formal de la obra desarrollada por Mossack Fonseca y MEDUCA.La misma formó parte del programa “Mi Escuela Primero” y consistió en un completo sistema de adecuaciones sanitarias para el beneficio de los 456 estudiantes que asisten a este centro educativo.

El Prof. Carlos Staff,  Vice Ministro Académico del Ministerio de Educación, la (se pone así) Lic. Jisslena Vidales de Corro, Alcaldesa de Antón,  la Lic. Susana Fonseca, Gerente de RSE en representación de Mossack Fonseca y la Sra. Aileen Varela de la Espriella, Líder del Programa Mi Escuela Primero, estuvieron presentes en el acto, así como también directivos y educadores que forman parte de este plantel y diversas autoridades del área.

“Somos una empresa que cree en los niños y seguiremos apoyando la educación”, reafirmó la Lic. Susana Fonseca, durante su discurso de entrega.

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Mossack Fonseca: Fonseca Mora reitera que no han cometido ninguna
ilegalidad

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Mossack Fonseca: Fonseca Mora reitera que no han cometido ninguna
ilegalidad

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​​Entrevista realizada en el noticiero de TVN-2 Panamá al Lic. ​Ramón Fonseca Mora​, aclarando ante los medios que Mossack Fonseca no ha sido demandada, ni acusada y hace docencia sobre los vehículos legales usados por nuestra industria. ​​

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Fonseca Mora reitera que no han cometido ninguna ilegalidad

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El representante de la firma Mossack Fonseca & Co., Ramón Fonseca Mora, dijo que son una empresa totalmente legal que se dedica a crear sociedades anónimas.

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Mossack Fonseca on Dubai: Growing China Trade Complements
Growth Strategy

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Mossack Fonseca on Dubai: Growing China Trade Complements
Growth Strategy

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Mossack Fonseca - Concluding the Centre’s participation at the 2016 G20 conferences held in China, the Dubai International Financial Centre (DIFC), the global financial services hub connecting businesses and financial institutions with emerging markets across the Middle East, Africa and South Asia (MEASA), reaffirmed its commitment to supporting China’s ‘One Belt, One Road’ (OBOR) initiative and establishing a robust and supportive financial platform for Chinese institutions, to wit:

Chinese banks in DIFC have doubled their balance sheet in the last 18 months

Representing 26% of total assets booked at DIFC, China’s top four state-owned banks have combined total assets of US$21.5 billion.

Dubai’s established framework for Islamic finance provides opportunities for Chinese firms.

DIFC has seen exponential growth in the presence of Chinese financial firms and state-owned banks in recent years. According to the Centre’s 2015 full year Operating Review results, Chinese banks in DIFC have doubled their balance sheet in the last 18 months. Representing 26% of the total assets booked in DIFC, China’s top four state-owned banks – Bank of China, Agricultural Bank of China, ICBC and China Construction Bank – have combined total assets of US$21.5 billion.

The four banks have additionally upgraded their licenses at DIFC to Category 1, expanding their presence from subsidiary to branch status.

Engaging with financial leaders, officials and experts, the DIFC delegation met with China’s prominent capital markets, securities companies and non-financial services firms to discuss mutual interests and setup plans.

Commenting on the growing importance of Chinese firms at the Centre, Arif Amiri, Chief Executive Officer of DIFC Authority, said: “On our first visit to China this year, we are committed to building long-lasting partnerships with the emerging Chinese market.

Contributing to a large portion of our business activity, we envisage an increasingly significant role for Chinese firms as we seek to become a leading global financial hub.”

Asian firms continue to be an engine for growth accounting for 11% of the financial services companies within DIFC and 80% of the Centre’s incremental business activity. Arif Amiri said: “As China continues to invest in emerging economies across the MEASA region, DIFC’s conducive and supportive framework acts as a gateway for companies looking to expand their business interests and investments in these markets. Linking Asia to Africa and Latin America, Dubai is emerging as a crucial hub along China’s New Silk Road.”

He added: “Dubai’s strategic location and its world class infrastructure becomes especially important as Chinese and African governments seek to double their two-way trade to US$400 billion by 2020. The emirate’s connectivity and solid legal and regulatory framework serve as important links in connecting Chinese companies with African markets and vice versa.”

Further supporting Chinese business interests, DIFC’s 2024 growth strategy aims to position Dubai as a global hub for Islamic finance. Well on its way, Dubai with its established Islamic finance framework offers global visibility, streamlined listings, prompt responses to issuer needs, and wide access to investors―enabling a healthy Islamic finance network for Chinese firms looking to build their Islamic finance portfolio. In addition, Dubai’s exchange has successfully launched the Murabaha financing platform, which provides retail and corporate users with an efficient, fast and flexible alternative to traditional solutions, and a Sharia-compliant repurchasing platform for short-term financing.

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Mossack Fonseca: Paraguay Removes Panama from Discriminatory Tax
List

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Mossack Fonseca: Paraguay Removes Panama from Discriminatory Tax
List

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The Ministry of Foreign Affairs of Panama announced that the Republic of Paraguay has removed Panamá from its list of countries and regimes of low or no taxation.

The Panamanian Foreign Ministry commented "According to the decree issued by Paraguayan authorities, we are being recognized for our efforts and commitment with regard to the transparency of our financial, business and trade systems, and our removal from the FATF "Gray List".

The Vice President and Minister of Foreign Affairs, Isabel de Saint Malo de Alvarado, said that she is sure that this will promote an increase in the economic and commercial relations between the two countries.

The Minister of Foreign Affairs went on to say "Panama reiterates its commitment with the continuous modernization and updating of our financial services platform―this is done through the strengthening of legislation and collaboration with the international financial community to achieve the optimal economic development and maintain the defense of our international prestige".

Mossack Fonseca & Co.

Head Office,

54th Street, Marbella

Panama, Rep. of Panama

Tel: (507) 205.5888

http://www.mossfon.com/

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Mossack Fonseca Group: A large firm with a human touch

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Mossack Fonseca Group: A large firm with a human touch

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What is the ultimate goal of every company? Is it only about making money? The answer could be a “yes” or “no”. It actually depends on the company; and Mossack Fonseca Group’s answer to this is a big NO, because they’re also concerned about society’s welfare.

As a global company with a human touch, Mossack Fonseca & Co. established a Corporate Social Responsibility Program to provide necessary assistance to people in need every year.

Corporate social responsibility is a company’s concern for society’s welfare wherein marketing managers are interested in long-term corporate interest as well as society’s well-being. There are two main ideas included in social responsibility for most people; they are sustainability and stakeholder theory.

Sustainability includes a thought that if a company helps society through their business, then they will gain success. They could create products or services that can fulfill a need and help solve society’s problems; so people, in turn, can profit and provide help to the world.

Another approach in which companies can incorporate social responsibility is through stakeholder theory. Its central focus is that social responsibility is really giving attention to every stakeholder in the entire company, including the employees, customers, owners, suppliers, management or the community. It’s more about taking care of all different stakeholders and expecting that this will bring about social responsibility. The following is how each stakeholder would view social responsibility within their company:

- An employee wants to have a good and secure job as well as superb wages

- The management wants happy workers and good profits

- A customer wants excellent customer services and high-quality products

- The community wants a company to pay their taxes, offer their citizens good wages and help support the environment

- A supplier wants his/her business to remain profitable

- A business-owner wants to have a financial return with excellent profit

However, critics have a different view on social responsibility. They strongly believe that the sole purpose of a company behind social responsibility is just to make profit for their stakeholders. They state that taking care of the society and its concern is the job of nonprofit organizations, not for-profit organizations.

Any company can run out of business because of the additional expenses caused by social responsibility. It could also lessen a company’s competitiveness worldwide. Expansion would also be impossible if there are lesser profits, and this struggle could happen to a company which is giving money away. Losing to a company that does not donate profits is also a strong possibility.

There are also entities who support social responsibility. For them, companies should help the society improve for all their stakeholders. They believe that it is the companies’ responsibility to fix some of the society’s problems such as pollution, poor wages, and damaged cities since these issues were caused by them, in the first place. Furthermore, they add that companies have higher chances of success with social responsibility.  There are a lot of companies that have proved this theory since they are able to provide quality products and services and make a good profit that helped better society.

Are you curious about the names of the companies who found success in social responsibility? They’re really huge companies and there’s a bigger chance that you’re familiar with them. Ice-cream maker? Probably the first thing in your mind is Ben & Jerry’s. Well, don’t be surprised as they are on top of the list. They pride themselves in supporting charities and have been donating a full 7.5% of pretax profits to various charitable institutions. The next company is The Body Shop which works with Greenpeace and has helped gather 4 million signatures against animal testing. Coffee? Starbucks is popular in this category, and it’s the last example. It supports Ethos Water, which provided clean water to more than 420,000 people that don’t normally have access to it.

Mossack Fonseca & Co. is highly motivated to contribute to the positive development of human beings. Since the firm is committed to helping communities, their legal experts are providing legal assistance to many organizations, including Rotary Club of Boquete (Panama), The British Aid Society, Aeroclub de Panama, Fundacion Del Club Canino, Fundacion Confederacion Canofila de Panama, and The World Bank. To remind themselves about their responsibility towards society, they’re giving their 100% in fostering change to where it is needed the most.

In particular, The Mossack Fonseca Group works with Piero Rafael Martínez De La Hoz Foundation, Tomatis Therapy and Stimulation Foundation, Art in the Park Foundation, Saint Joseph Parish Foundation of Valle De Antón, Fundacion Soy Capaz, and Panamanian Institute for Family Education – IPEF.

You don’t need to belong to a prestigious company to help society, as a concerned individual; you can actually do a lot of things. Being a volunteer to different community activities is one of your options. More damages to our environment could happen if we don’t work together to make the world a better place. There’s this belief that your success as an individual and the success of a company depends on Mother Nature, because without it, where can we find the basic ingredients to our products and services? Yes, money is a part of life; so is the natural world. The Mossack Fonseca Group is aware of their responsibility towards society, and they are continuing to do their best to improve the lives of numerous people in need. The health of society will reflect upon the health of a company’s future.

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Mossack Fonseca & Co.: Connecting
communities, clients, and people

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Mossack Fonseca & Co.: Connecting
communities, clients, and people

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In order to maintain its competitive advantage, Mossack Fonseca & Co. ensures that the quality of its client portal will meet the interests of their clients. The firm made the client portal to give utmost confidence to their clients in using their exclusive online services. Keeping their clients' information 100% safe all the time is of greatly importance to them. In particular, the Mossack Fonseca Group offers a secure online account that allows you to access your corporate information 24/7 anywhere and everywhere. It gives simple, secured, and organized access to clients' key information.

The Client Information Portal also offers real-time updates of your ongoing requests. Specifically, the firm's exclusive online portal offers amazing features to their clients, including finding updated information on your company formation requests through the case information service panel along with digital copies of corporate and legal paperwork; following up on your cases and receive notifications through email whenever one of your cases is updated; searching and reserving shelf companies online; viewing your price lists; paying your outstanding invoices; and requesting for certificates, reactivations and order forms.

Wherever you are in the world, you can access all of the mentioned features above with a safe environment in real-time. You could see amazing applications within the client portal of Mossack Fonseca & Co., such as the Case Information Service (CIS), Online Payment System (OPS), Electronic Delivery Service (EDS), and Online Work Request (OWR).

Case Information System (CIS) is a tool that monitors the progress of client requests and ongoing cases. It enables them to contact the firm's staff around the world, view digital copies of documents as soon as they are received in the firm's office, and receive automatic email notifications, which is optional, every time one of their cases is updated.

With Mossack Fonseca & Co.'s Online Payment System (OPS), the clients can monitor all of their outstanding or paid invoices with the portal's complete account management system. It allows their clients to generate account statement with real-time information, pay their outstanding invoices online or by credit card, take advantage of the firm's debit account application, and choose its batch payment option that facilitates bank transfers and cheques for settlement of invoices.

The Mossack Fonseca Group's Electronic Delivery System, or EDS, can eliminate delays due to the air-mail service. It ensures the most rapid and secures delivery system for clients' annual invoices and account statements. It also allows them to have more time to collect bills and send payments before deadlines.

The firm's Online Work Request (OWR) can access documents easily and quickly, and all in one place. These documents include incumbency certificates, good standing certificates, reactivation of one or more companies, and order form.

A client portal is no longer considered an accessory to a firm, it is now a necessity. Different firms worldwide, along with Mossack Fonseca Group, have seen its great benefit and efficiency, which results to a better and strong relationship with their clients.

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Mossack Fonseca Group: Deeper understanding and better
solutions

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Mossack Fonseca Group: Deeper understanding and better
solutions

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The Mossack Fonseca Group has been a client-focused and results-driven firm for 39 years. It is a leading global company that provides in-depth legal, trust and accounting services. The firm can be found in every continent with more than 500 staff members. Indeed, its international scope and depth are among its competitive advantage.

The Mossack Fonseca Group’s extensive experience for almost four decades gives excellent services to its clients. In addition, it also offers world-class online experience with its virtual client portal that provides personal advice, and allow clients to:

Reserve companies online

Verify the status of companies

Pay invoices along with other transactions

The Mossack Fonseca Group specializes in:

Trust services

Wealth management

International business structures

Commercial law

The firm can find the suitable solution for your business since their product and service portfolio is always updated and renewed. They offer research, advice and services for 15 jurisdictions. The firm also has expert attorneys that are knowledgeable in every area of law. If you’re planning to move in Panama, the firm could give you a hand in your relocation and can support you in completing all the necessary steps.

Since 1993, the Mossfon Trust Corporation has been regulated by the Banking Superintendence of Panama. This particular trust company consist of professionals and specialists that have experience in corporate, trust, tax and accounting matters. They could assist you in developing opportune solutions.

The Mossack Fonseca Group is the first ISO 9001 certified law firm in the Republic of Panama since the month of May 2010. The ISO 9001:2008 quality system guarantee the clients that the firm is highly committed to continuous improvement and client satisfaction.

The firm received the global quality management system certification from SGS, the world’s leading inspection, verification, testing, and certification company that was accredited by UKAS (United Kingdom Accreditation Service) and ANAB (ANSI-ASQ National Accreditation Board).

UKAS and ANAB are two of the leading and most meticulous independent auditing and certification agencies around the globe.

The Mossack Fonseca Group’s lawyers and executives are dynamic members of various prestigious organizations. With this, you can be sure that you’re always in good hands.

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Mossack Fonseca & Co.: Practical wisdom
and trusted advice

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Mossack Fonseca & Co.: Practical wisdom
and trusted advice

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Corporate Governance

The Mossack Fonseca Group applied corporate governance in their firm to provide confidence and security to their clients regarding protecting their assets through the years. The firms don’t stop in improving their processes and utilizing the best technological tools in the market to have a better service for their clients. It has adopted a Business Management System that assures that the firm will continue to follow all ethical standards and the best legal practices.

The firm is eager to ensure the long-term success of its clients as a global corporation with a well-organized corporate government. The corporate governance structure helps to reduce costs, avoid risks and identify problems and strategic opportunities.

Attorneys

The Mossack Fonseca Group is proud to have highly dedicated lawyers. Each of them graduated with honors from different universities in Panama and abroad and has a master's and doctoral degree as well as vast experience in various legal issues.

Exceptional Features

The top feature of Mossack Fonseca Group is its decades of experience in business. In particular, it has 39 years of extensive experience and will continue to deliver excellent service to their clients. The firm's Panama Head Office has 24-hour service; and you can find their office in every continent, which proves their powerful international network. Its staff a member is consists of more than 500 experts around the world and all of them were service and research-oriented professionals. It's also the first ISO 9001 certified law firm in Panama and continues to follow strict due diligence requirements. It acquires "VeriSign" encryption and Central Bank standards for a secure technology platform. They're also motivated specialists seeking solutions for changing business environments. Their client considers their exclusive client portal as a beneficial treat.

Data Security

You can have a peace of mind with the Mossack Fonseca & Co.'s client portal because it is 100% safe. They hold all their servers in-house to provide the most secure and latest protection available to their clients. The firm joined numerous companies and banks who depend on Verisign to keep their clients' information protected because it is considered the strongest encryption available with the most rigorous authentication standards in the world.

Along with those discussed above, the Mossack Fonseca Group will continue to provide top-notching services. You can visit their official website to have a better understanding of their firm.

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Mossack Fonseca & Co.: Practical wisdom
and trusted advice

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Mossack Fonseca & Co.: Practical wisdom
and trusted advice

# data[].attributes.body
Corporate Governance

The Mossack Fonseca Group applied corporate governance in their firm to provide confidence and security to their clients regarding protecting their assets through the years. The firms don’t stop in improving their processes and utilizing the best technological tools in the market to have a better service for their clients. It has adopted a Business Management System that assures that the firm will continue to follow all ethical standards and the best legal practices.

The firm is eager to ensure the long-term success of its clients as a global corporation with a well-organized corporate government. The corporate governance structure helps to reduce costs, avoid risks and identify problems and strategic opportunities.

Attorneys

The Mossack Fonseca Group is proud to have highly dedicated lawyers. Each of them graduated with honors from different universities in Panama and abroad and has a master's and doctoral degree as well as vast experience in various legal issues.

Exceptional Features

The top feature of Mossack Fonseca Group is its decades of experience in business. In particular, it has 39 years of extensive experience and will continue to deliver excellent service to their clients. The firm's Panama Head Office has 24-hour service; and you can find their office in every continent, which proves their powerful international network. Its staff a member is consists of more than 500 experts around the world and all of them were service and research-oriented professionals. It's also the first ISO 9001 certified law firm in Panama and continues to follow strict due diligence requirements. It acquires "VeriSign" encryption and Central Bank standards for a secure technology platform. They're also motivated specialists seeking solutions for changing business environments. Their client considers their exclusive client portal as a beneficial treat.

Data Security

You can have a peace of mind with the Mossack Fonseca & Co.'s client portal because it is 100% safe. They hold all their servers in-house to provide the most secure and latest protection available to their clients. The firm joined numerous companies and banks who depend on Verisign to keep their clients' information protected because it is considered the strongest encryption available with the most rigorous authentication standards in the world.

Along with those discussed above, the Mossack Fonseca Group will continue to provide top-notching services. You can visit their official website to have a better understanding of their firm.

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Corporate Governance

The Mossack Fonseca Group applied corporate governance in their firm to provide confidence and security to their clients regarding protecting their assets through the years. The firms don’t stop in improving their processes and utilizing the best technological tools in the market to have a better service for their clients. It has adopted a Business Management System that assures that the firm will continue to follow all ethical standards and the best legal practices.

The firm is eager to ensure the long-term success of its clients as a global corporation with a well-organized corporate government. The corporate governance structure helps to reduce costs, avoid risks and identify problems and strategic opportunities.

Attorneys

The Mossack Fonseca Group is proud to have highly dedicated lawyers. Each of them graduated with honors from different universities in Panama and abroad and has a master's and doctoral degree as well as vast experience in various legal issues.

Exceptional Features

The top feature of Mossack Fonseca Group is its decades of experience in business. In particular, it has 39 years of extensive experience and will continue to deliver excellent service to their clients. The firm's Panama Head Office has 24-hour service; and you can find their office in every continent, which proves their powerful international network. Its staff a member is consists of more than 500 experts around the world and all of them were service and research-oriented professionals. It's also the first ISO 9001 certified law firm in Panama and continues to follow strict due diligence requirements. It acquires "VeriSign" encryption and Central Bank standards for a secure technology platform. They're also motivated specialists seeking solutions for changing business environments. Their client considers their exclusive client portal as a beneficial treat.

Data Security

You can have a peace of mind with the Mossack Fonseca & Co.'s client portal because it is 100% safe. They hold all their servers in-house to provide the most secure and latest protection available to their clients. The firm joined numerous companies and banks who depend on Verisign to keep their clients' information protected because it is considered the strongest encryption available with the most rigorous authentication standards in the world.

Along with those discussed above, the Mossack Fonseca Group will continue to provide top-notching services. You can visit their official website to have a better understanding of their firm.

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Mossack Fonseca: Panama Named Best Place to Retire in
2016

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Mossack Fonseca: Panama Named Best Place to Retire in
2016

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Mossack Fonseca - International Living (IL) has named Panama the best place to retire in 2016. Their correspondents, editors, and contributors across the globe analysed, rated, and ranked the most popular retirement destinations.

Panama has long been a favourite of retirees. You’ll find them along both Caribbean and Pacific coasts, on white-sand islands, living contentedly nestled in mountain valleys, and along the glittering promenade of Panama City. Panama has hands down the best package of retirement benefits in the world. Pick your climate—tropical or temperate. On top of that, Panama is just a three-hour flight from Miami.

Both the cost of living and crime rate are low, the weather is warm and pleasant throughout the entire year, health care services are excellent highlighted by the Johns Hopkins affiliated hospital, the food is delicious, the airport offers worldwide flights, it’s only 2 ½ hours to Miami, the roads and highways are excellent, cell phone services are top notch, and high speed Internet service and cable TV are great. These are just some of the reasons that make Panama a great place to live and/or retire.

All that is required to qualify as a pensionado (pensioner) is that you must be in good health, AIDS-free, have an up-to-date passport from your country of citizenship, and you must draw a minimum pension of $750 and invest at least $100,000 in property in Panama or you must have a pension of at least $1,000 per month (no real estate requirement). However, there is a plus: you may now pool your pension with your spouse’s to meet the minimum pension requirement.

Foreigners who become pensionados can buy and own Panama property and enjoy exactly the same rights and protections as Panamanians, not always the case in many nations and an important point people often forget to consider. As for income taxes, you will be pleased to know that in Panama you pay no taxes on income earned outside of Panama.

Panama has created the most attractive special benefits programs for foreigners and retirees. As a pensionado [retiree] in Panama, you will receive:

50% discount at most recreational, movie, and sporting events

30% discount off public transportation (including buses and ships)

25% discount off Copa airline flights

50% discount off hotel stays on weekdays (30% on weekends)

25% discount at selected restaurants

15% discount at fast food restaurants

10% discount off prescription drugs

20% discount on doctor's visits

15% discount on dental work

25% discount on your electric bill (if less than $50)

25% discount on your telephone and water bills.

In addition, a pensionado is entitled to a one-time exemption of duties on the importation of household goods (up to $10,000) and an exemption every two years of duties for the importation or local purchase of a car.

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Mossack Fonseca en el Blogger & Influencer Week

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Mossack Fonseca en el Blogger & Influencer Week

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​Algunas fotos de lo que sucedió esta mañana en el Blogger & Influencer Week LATAM en el Hotel Radisson Decapolis, donde la prensa local e internacional se dió cita para dar cobertura al Foro de "Uso de Las Redes":

El evento dió inicio con las palabras del Alcalde de la Ciudad de Panamá, Lic. Jose I. Blandón, para luego dar paso al foro con los jovenes influenciadores, conducido por Johel Batista, talento panameño, creador del startup "AYUDINGA".

La presencia de los expertos de Mossack Fonseca y Mossfon MIPS se hizo presente como patrocinadores y compartiendo con los asistentes.

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Mossack Fonseca en el Blogger & Influencer Week

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La cinta costera fue el marco propicio para la carrera corporativa que organizó Amcham. Conscientes de la importancia de que correr es salud, Mossack Fonseca se une por segundo año consecutivo a esta iniciativa, la cual tiene como objetivo desarrollar la conciencia al deporte empresarial, promoviendo actividades en familia.

Fundada en 1977, el grupo de Mossack Fonseca es una empresa global que proporciona servicios de contabilidad fideicomiso y legal integral.

Con más de 500 miembros en cada continente, grupo Mossack Fonseca ofrece excelentes servicios basados en más de 35 años de experiencia. Como parte de su valor añadido, el grupo ofrece asesoramiento personalizado y una experiencia en línea de clase mundial a través de un Portal virtual del cliente que está disponible 24 horas al día. Nuestra aplicación cliente información Portal web permite a los clientes de las empresas en línea, verificar el estado de las empresas y pagar las facturas, además de otras transacciones.

Nuestro servicio y profesionales orientados a la investigación se especializan en servicios de confianza, gestión de patrimonios, estructuras de negocios internacionales y derecho comercial, entre otras áreas.

Nuestra cartera de productos y servicio es constantemente actualizado y renovado, lo que permite al grupo a encontrar la solución adecuada para su negocio. Ofrecemos investigación, asesoramiento y servicios para las siguientes jurisdicciones: Belice, Países Bajos, Costa Rica, Reino Unido, Malta, Hong Kong, Chipre, Islas Vírgenes Británicas, Bahamas, Panamá, anguila británica, Seychelles, Samoa, Nevada y Wyoming (Estados Unidos).

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Mossack Fonseca Charity Committee hace entrega de Canastas

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Mossack Fonseca Charity Committee hace entrega de Canastas

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​Con un viajé organizado por el Charity Committee que dió inicio a las 3am del viernes 11 de diciembre desde las oficinas principales de Mossack Fonseca, un grupo de voluntarios junto amigos y familiares partieron rumbo a la provincia de Veraguas, a la comunidad de Llano Largo, para hacer entrega de las tradicionales canastas navideñas que une a toda la familia Mossack Fonseca en una causa social con los mas necesitados.

A pesar de las altas temperaturas y el esfuerzo físico, la recompensa de ver la alegría reflejada en los rostros de tantas familias no tiene precio. Por esas horas que compartimos con ellos entre las entregas de sendas canastas de alimentos, regalos, juegos infantiles y bazar; que luego culminó con un bien merecido almuerzo, delicioso sanchocho con gallina de patio y arroz blanco hechos a fogón de leña.

Agradecemos a todos los departamentos y personas quienes estuvieron involucrados en la organización y coordinación durante meses para lograr que fuera nuevamente una entrega exitosa.

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Mossack Fonseca Charity Committee hace entrega de Canastas

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Mossack Fonseca: Nuevos mecanismos de control en el pago
del Itbms

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Mossack Fonseca: Nuevos mecanismos de control en el pago
del Itbms

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Mossack Fonseca – De acuerdo con datos de la Dirección General de Ingresos (DGI) del Ministerio de Economía y Finanzas, el incumplimiento en la declaración y pago del Impuesto sobre la Transferencia de Bienes Corporales Muebles y la Prestación de Servicios (Itbms) supera el 40%, lo cual se traduce en una pérdida de recaudación de unos $500 millones al año.

Por tal razón, durante el año 2015, se aprobó el Decreto Ejecutivo No. 463 “Que modifica el Decreto Ejecutivo No. 84 de 26 de agosto de 2005 “Que reglamenta las disposiciones del Impuesto a la Transferencia de Bienes Corporales Muebles y la Prestación de Servicios, con el objeto de ampliar los mecanismos de retención”.

Con este paquete de medidas, se busca mejorar el cobro del impuesto de Itbms y aplicar en Panamá buenas prácticas internacionales de administración tributaria implementadas con éxito en otros países de Latinoamérica.

Principales cambios que incorpora el Decreto No. 463:

Se mantiene la retención ya existente sobre el 50% del Itbms de los proveedores del Estado, pero ahora sin importar el monto del contrato (antes la contratación debía superar los $20.000,00).

A partir del 1 de noviembre de 2015, se convierten en agentes retenedores del Itbms: 166 empresas que adquieren bienes y servicios por $10.000.000,00 o más cada año, las cuales tendrán que retener el 50% del Itbms a sus proveedores e ingresarlo al fisco.  Por su parte, los proveedores tendrán el derecho al crédito fiscal por el monto retenido por adelantado.

Las entidades administradoras de tarjetas de débito y crédito, encargadas de realizar pagos a comerciantes y prestadores de servicios en general, en el momento del pago o abono en cuenta de las personas o establecimientos afiliados. Esta retención será del 50% del Itbms causado, sin embargo, durante el primer año contado a partir del 1 de noviembre de 2015, dicha retención será del 2% sobre el total de las transacciones de ventas de bienes o prestación de servicios gravados. Vencido este término, se deberá aplicar la retención en la fuente del Itbms.

Obligaciones de los Agentes de Retención:

Liquidar y pagar la retención, presentar informes y reportes de los sujetos y valores retenidos, en la misma fecha de presentación de la declaración mensual de Itbms.

Expedir certificados por las retenciones realizadas en el mes a los proveedores o establecimientos a fin de que esos puedan utilizarlos para documentar los respectivos créditos fiscales en su declaración jurada del Itbms.

Condiciones para que opere la retención del Itbms en la fuente:

Que se realice el pago o acreditamiento del precio, parcial o total.

Que el pago corresponda a una operación gravada con el Itbms.

Que la persona que realice el pago haya sido designada como agente de retención.

Que el beneficiario del pago no sea una entidad estatal ni un agente de retención designado por la DGI.

Cabe señalar que cuando la operación sujeta a retención se realiza entre agentes de retención del Itbms, no se practica la retención en la fuente.  Esta normativa aplica sólo a compras locales, no a importaciones.

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Mossack Fonseca: Presentación de la Revista Lex 2016

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Mossack Fonseca: Presentación de la Revista Lex 2016

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​El pasado martes 1 de marzo, en el Colegio Nacional de Abogados de Panamá, se hizo la presentación oficial de la Revista Lex, en su edición 2016.

Por tercer año consecutivo, Mossack Fonseca es patrocinador de esta revista, que para este año incluye 12 artículos en materia de ética, derecho societario, inmobiliario, propiedad intelectual, arbitraje, penal y ambiental, entre otros, de la mano de destacados profesionales.

El evento contó con la participación de el Dr. Darío Sandoval – Shaik Presidente de la Comisión de Publicaciones Jurídicas del Colegio Nacional de Abogados, Licdo. Jose Alberto Álvarez -Presidente del Colegio Nacional de Abogados de Panamá y en representación de Mossack Fonseca el Licdo. Carlos Sousa – Gerente de Mercadeo y Ventas.

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Mossack Fonseca Presentación de la Revista Lex 2016

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Mossack Fonseca: Panama Removed from FATF Gray List

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Mossack Fonseca: Panama Removed from FATF Gray List

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Mossack Fonseca - On February 18, 2016, the Financial Action Task Force (FATF) announced that Panama is no longer on the gray list of non-cooperative countries. As per the FATF, the gray list is comprised of jurisdictions with “strategic deficiencies in anti-money laundering / countering the financing of terrorism measures”.

The FATF agency review group recognized the significant progress made by Panama in improving its anti-money laundering (AML)/countering the financing of terrorism (CFT) measures, and noted that they have established legal and regulatory frameworks to accomplish their commitments in their action plan regarding the strategic deficiencies that the FATF had identified in June 2014. As a result of the FATF’s findings, Panama is no longer subject to their monitoring process.

In May of 2014, Former Panama Finance Minister Frank De Lima said in a forum organized by the publication ANPanama that the country would be included on the gray list, without having the time necessary to make any substantive changes.

It only took a year and a half for Panama to complete the complex legal and regulatory (e.g., Law 23 of April 17th, 2015) changes necessary to exit the gray list. As part of the new law and regulations, an administrator was appointed who is responsible for supervising the nonfinancial individuals and companies who are obligated to comply with the law and the professionals already subject to supervision with regard to money laundering, terrorism financing, and the financing of weapons of mass destruction.

Over 21 correspondent banks in Panama were dropped due to their inclusion on the FATF gray list.

In addition, the country has been training the personnel who work in the relevant supervisory institutions on the implementation of the measures required by the FATF.

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Markets are constantly evolving and this has created the need for comprehensive and innovative solutions for each client. The Mossack Fonseca Group has other business units that facilitate and complement the services we offer. These units are independent but consistent with the Group’s platform, which enables our customers to find tailor-made solutions and a single contact point.

E-volusoft

E-volusoft is a company created to respond to the growing demand that exists today for digital storage solutions and the electronic management of documents and images.

E-volusoft provides a full line of products in three (3) main areas:

1)    Documanager and Secure Cloud: Document digitization and storage

2)    Software i2: Analyzing and displaying information in order to simplify investigations

3)    Anti-Money Laundering and Fraud seminars

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Mossack Fonseca: Viene Andreina, hermana de la
actriz Gaby Espino

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Mossack Fonseca: Viene Andreina, hermana de la
actriz Gaby Espino

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Andreina junto a su hermana Gabriela Espino.

Este domingo arribará a Panamá Andreina Espino, hermana de la actriz venezolana Gaby Espino.

Es la primera vez que Espino visita la tierra istmeña y participará como embajadora de la compañía Mossack Fonseca en el evento Blogger & Influencer Week Panamá 2016', que se realizará desde hoy, hasta el sábado 27 de febrero.

El evento reunirá a los mejores bloggers e influencers del mundo, cada uno contará su experiencia de crear contenidos de temas interesantes que impacten de forma positiva a la sociedad.

Andreina contará su experiencia como responsables de todo el diseño de sitios web, comercio electrónico, aplicaciones móviles de su hermana Gaby Espino.

Hace dos años estas hermanas impresionaron al público, con el gran parecido físico, cuando Gaby colgó una imagen en su cuenta de twitter.

Andreina es fundadora de Brainwave Advertising, una agencia de mercadeo digital, en Miami, Florida.​

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Mossack Fonseca Viene Andreina, hermana de la actriz Gaby Espino

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Mossack Fonseca: Jersey Targeting New Finance Sector
Opportunities

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Mossack Fonseca: Jersey Targeting New Finance Sector
Opportunities

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Mossack Fonseca - Jersey is "the right place with the right people" to establish itself as the go-to location for innovative global banking, a recent event hosted by Jersey Finance heard.

Hugh Harper, a Partner at EY, delivered the keynote address at Jersey Finance's Annual Review breakfast event on January 28. Harper took the opportunity to discuss new research that outlines the potential for Jersey to adopt a new approach to banking. Citing the cooperation between Jersey's finance industry, regulator, and government, combined with the jurisdiction's unique advantage of a stable banking sector, he outlined how Jersey's commitment to a digital economy could help it create a sustainable, highly digitized banking model. The full 'Future of Banking' report is expected to be finalized by the second quarter of this year.

During an introduction to the event, Geoff Cook, the CEO of Jersey Finance, described 2015 as another solid year for the finance industry, highlighting the upward trend in industry employment. He highlighted ongoing efforts to differentiate Jersey from other international financial centers, stating: "We remain focused on strengthening Jersey's competitive position through innovation and research and, alongside the major Future of Banking project to be finalized this year, we will be producing a new report entitled 'Jersey's Value to Europe', which will clarify Jersey's role in contributing to jobs and growth within the EU. A new piece of work to clarify the finance industry's contribution to the local Jersey economy will be completed too."

"The growth we have seen across our funds, private wealth and capital markets sectors, together with the investment we are making in diversifying and enhancing our banking platform, stands us in very good stead, and we are seeing growing interest from fund managers and family offices in establishing a presence in Jersey. All this is filtering through to the local economy, with firms in the industry predicting a rise in employment for local people over the coming year and the industry recruiting more local students than ever before."

"There will always be regulatory, market, and political challenges but the quality and diversity of Jersey's finance industry positions us very strongly indeed."

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Mossack Fonseca: GAFI saca de lista gris a Panamá

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Mossack Fonseca: GAFI saca de lista gris a Panamá

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​Mossack Fonseca - El Grupo de Acción Financiera (GAFI) autorizó la salida de Panamá de su lista gris, en la que había sido incluida desde junio de 2014. Así lo informó este jueves el ministro de Economía y Finanzas, Dulcidio De La Guardia a través de su cuenta de Twitter.

Una delegación de Panamá, encabezada por De La Guardia, se encuentra en Francia participando en la plenaria del GAFI, que culmina este viernes 19.

El titular del MEF calificó la decisión como un "triunfo" para Panamá, destacando el trabajo conjunto del sector público y privado. "Esto permitió la aprobación y aplicación de una nueva regulación que coloca a Panamá a la vanguardia en materia de la lucha contra el blanqueo de capitales", expresó.

A principios de año, un equipo técnico del GAFI realizó una visita de tres días a Panamá para verificar el "in situ", el cumplimiento de las normas contra el blanqueo de capitales, financiamiento de terrorismo y la proliferación de armas de destrucción masiva.

Entre las medidas implementadas por el Gobierno de Panamá se encuentra la creación de la Intendencia de Regulación y Supervisión de Sujetos No Financieros, y la reglamentación de la Ley 23, que adopta medidas para prevenir el blanqueo de capitales.

El Grupo Revisor debía presentar un informe con los resultados durante la plenaria.

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Mossack Fonseca on Panama Seeks to Develop its Own Version of FATCA

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Mossack Fonseca on Panama Seeks to Develop its Own Version of FATCA

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Panama has asked the Group of 20 States (G20) to acknowledge its right to develop its own model for the automatic exchange of information―without involving adverse actions―based on the sovereign right of each country to adopt a position relative to its unique situation―even if such position is not the same as that of the majority of the jurisdictions.

The request made by Panama to the G20 occurred prior to the scheduled meeting of the finance ministers of the G20 to be held February 26-27 in Shanghai. The deputy vice minister of foreign affairs, Farah Diva Urrutia, met with the ambassadors of the G20 countries who are stationed in Panama.

According the Ministry of Foreign Affairs, Panama is proposing to develop its own, unique model of information exchange.  This model will be based on the condition of reciprocity, protection of the basic guarantees for users of the Panamanian platform of services, mutually beneficial tax agreements, and the existence of a legal framework protecting confidentiality and assuring that the information is used in a proper manner―similar to the FATCA program instituted by the United States.

International organizations such as the G20 and the Organization for Economic Cooperation and Development (OECD) have put pressure on Panama to sign a multilateral exchange of information agreement. To date, over 90 countries have committed to exchanging information with each other, but, at the same time, several have not agreed to multilateral, unrestricted exchanges.

Panama’s position on the exchange of information was set forth by Juan Carlos Varela, the President of Panama, at the UN General Assembly last year. President Varela stated that Panama is committed to the exchange of information by means of bilateral (not multilateral) exchanges (with certain conditions), and he reserved its right to choose with whom to negotiate such agreements.

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Mossack Fonseca Colombia participa de las Jornadas Tributarias en
Medellín

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Mossack Fonseca Colombia participa de las Jornadas Tributarias en
Medellín

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Nuestros colegas de Mossack Fonseca Colombia estuvieron en el evento en Medellín, donde asistieron 350 personas de los gremios en temas tributarios mas importantes del pais como son los contadores, revisores fiscales y abogados tributarios organizada por la la Dirección de Impuestos y Aduanas Nacionales (DIAN).

Fundada en 1977, el grupo de Mossack Fonseca es una empresa global que proporciona servicios de contabilidad, fideicomiso y legal integral.

Con más de 500 miembros en cada continente, grupo Mossack Fonseca ofrece excelentes servicios basados en más de 35 años de experiencia. Como parte de su valor añadido, el grupo ofrece asesoramiento personalizado y una experiencia en línea de clase mundial a través de un Portal virtual del cliente que está disponible 24 horas al día. Nuestra aplicación cliente información Portal web permite a los clientes de las empresas en línea, verificar el estado de las empresas y pagar las facturas, además de otras transacciones.

Edificio Mosfon

Oficina central,

54th street, Marbella

Panamá, República de Panamá

Tel: (507) 205.5888

Sitio web: http://www.mossfon.com/

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Mossack Fonseca Colombia participa de las Jornadas Tributarias en Medellín

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Mossack Fonseca: China Opens Bond Market to Individual
Investors

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Mossack Fonseca: China Opens Bond Market to Individual
Investors

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Mossack Fonseca - China’s central bank allowed individual investors to purchase all types of bonds over bank counters beginning 14 February 2016. Individuals with annual incomes of more than 500,000 yuan ($76,500), 3 million yuan of financial assets, and over two years of securities investment experience can now buy any bonds they like over the counter. Previously, only certificate treasury bonds were available to individuals.

The new policy aims to boost the bond market and direct financing. China’s bond market boomed in 2015 due to government policies aimed at diversifying corporate financing channels. Approximately 22.3 trillion yuan of new bonds were issued last year, almost double the sum in 2014.

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House of Representatives Ways and Means Committee Chairman Kevin Brady (R – Texas) has disclosed that, under his leadership, the Committee will immediately draft US international tax reform legislation, while laying the framework for more comprehensive tax reform in 2017.

On February 12, 2016, Mr. Brady delivered the keynote address at the Tax Council Policy Institute's 17th Annual Tax Policy & Practice Symposium, and confirmed that, "in the months ahead and beyond, the Ways and Means Committee will be the center of the tax reform discussion and debate. … The code we have is too costly, complex and unfair. It is abundantly clear that now is the time to overhaul our tax system from top to bottom".

Chairman Brady’s proposed changes include:

• Making the tax code simpler, fairer, and flatter

• Replacing the current world-wide tax system with a permanent, modern territorial-type system

• Closing loopholes, eliminating special rules and limiting deductions, exclusions and credits

• Providing businesses both large and small with a competitive tax system, including a fair and competitive tax rate

• Encouraging businesses to locate their operations in the United States rather than incentivizing (effectively) the shift of jobs overseas

Mr. Brady confirmed that the Committee will move forward immediately to draft international tax reform legislation – "as we plan for that finish line in 2017, developments in the global environment demand our immediate attention."​

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Mossack Fonseca on Powerful US Congressman
Proposes Massive Tax Overhaul

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Mossack Fonseca on Powerful US Congressman
Proposes Massive Tax Overhaul

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House of Representatives Ways and Means Committee Chairman Kevin Brady (R – Texas) has disclosed that, under his leadership, the Committee will immediately draft US international tax reform legislation, while laying the framework for more comprehensive tax reform in 2017.

On February 12, 2016, Mr. Brady delivered the keynote address at the Tax Council Policy Institute's 17th Annual Tax Policy & Practice Symposium, and confirmed that, "in the months ahead and beyond, the Ways and Means Committee will be the center of the tax reform discussion and debate. … The code we have is too costly, complex and unfair. It is abundantly clear that now is the time to overhaul our tax system from top to bottom".

Chairman Brady’s proposed changes include:

• Making the tax code simpler, fairer, and flatter

• Replacing the current world-wide tax system with a permanent, modern territorial-type system

• Closing loopholes, eliminating special rules and limiting deductions, exclusions and credits

• Providing businesses both large and small with a competitive tax system, including a fair and competitive tax rate

• Encouraging businesses to locate their operations in the United States rather than incentivizing (effectively) the shift of jobs overseas

Mr. Brady confirmed that the Committee will move forward immediately to draft international tax reform legislation – "as we plan for that finish line in 2017, developments in the global environment demand our immediate attention."​

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COMUNICADO ACLARATORIO – Mossack Fonseca (Colombia)

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COMUNICADO ACLARATORIO – Mossack Fonseca (Colombia)

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Deseamos aclarar las infundadas publicaciones que han salido en ciertos medios de prensa durante los últimos días:

Mossack Fonseca & Co. al cumplir su función de Agente Residente no es responsable del actuar comercial de las sociedades que constituye, no tenemos ningún tipo de vinculación comercial, así como tampoco tenemos la facultad de administrar o de captar fondos para ninguna de ellas; por ende, las aseveraciones relacionadas a la supuesta posesión de un apartamento en Brasil, a la constitución de compañías para actuar ilícitamente a través de ellas, y el supuesto involucramiento en delitos de lavado de dinero son absolutamente falsas y temerarias.

La oficina del representante de Brasil ha sido requerida para suministrar información al respecto de este caso como parte de las investigaciones, información que se ha entregado y se ha colaborado en todo lo que está a nuestro alcance para aclarar este inconveniente en el menor tiempo posible. Los empleados de esta oficina, que colaboraron con dichas investigaciones se encuentran actualmente en libertad.

No hemos prestado en el pasado ni prestamos en el presente servicios de asesoría o intermediación de ningún tipo para la compra, préstamo o financiación de bienes inmuebles ni de cualquier otro tipo, lo cual ratifica que no somos parte de este mal entendido, al cual erróneamente hemos sido vinculados.

Es importante recalcar que Mossack Fonseca cumple y ha cumplido siempre con la verificación de debida diligencia de nuestra clientela, en estricto apego a la normativa vigente en cada país. Por esta razón, reiteramos nuestra disposición para cooperar con las autoridades cuando así nos sea requerido, disposición esta la cual de manera proactiva ya se ha hecho de su conocimiento.

Finalmente, Mossack Fonseca no apadrina ilícitos; muy por contrario, nos complacen los avances que en materia de prevención del lavado de dinero y delitos conexos, se están verificando en nuestros países.

Carlos Sousa

Director de Relaciones Públicas

MOSSACK FONSECA & CO.​

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Mossack Fonseca: Panama Maritime Authority to Open New
Offices in U.S.

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Mossack Fonseca: Panama Maritime Authority to Open New
Offices in U.S.

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The administrator of the Panama Maritime Authority (AMP), Jorge Barakat, announced that in 2016 the AMP (sometimes referred to as SEGUMAR) will open an office in Los Angeles to serve the U.S. West Coast, and in 2017 they will move the SEGUMAR East Coast office from New York to Miami in order to provide better and more effective access to maritime policies and services linked to and developed from the Miami area market.

Established in 1977, the Mossack Fonseca Group is a leading global company which provides comprehensive legal, trust and accounting services.

With over 500 staff members across every continent, the Mossack Fonseca Group provides excellent services based on more than 35 years of experience. As part of its added value, the Group offers personal advice and a world-class online experience through a virtual Client Portal which is available 24 hours a day. Our web-based Client Information Portal application allows clients to reserve companies online, verify the status of companies, and pay invoices, in addition to other transactions.

Our service and research-oriented professionals specialize in trust services, wealth management, international business structures, and commercial law, among other areas.

Our product and service portfolio is constantly updated and renewed, enabling the Group to find the appropriate solution for your business. We offer research, advice and services for the following jurisdictions: Belize, The Netherlands, Costa Rica, United Kingdom, Malta, Hong Kong, Cyprus, British Virgin Islands, Bahamas, Panama, British Anguilla, Seychelles, Samoa, Nevada, and Wyoming (USA).

Our law firm has specialized attorneys experienced in all areas of law such as shipping, immigration, contracts and intellectual property, as well as commercial law in general. We also assist clients in physically relocating to Panama and supporting them with regard to all of the steps required, from handling immigration matters and buying or renting property to establishing their business in Panama.

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Mossack Fonseca: Estate Planning & Asset Protection

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Mossack Fonseca: Estate Planning & Asset Protection

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Through organizations such as Corporations, Private Foundations and Trusts, we assist our clients in their estate planning asset protection needs. Trust operations can protect assets from diverse threats, including political unrest, reckless heirs and more.

Each client has specific and definite requirements, and our solutions are always designed to meet the needs of one of them.

Contact Info:
Organization: Mossack Fonseca
Address: 54th Street, Marbella, Panama, Republic of Panama
Phone: (507) 205-5888

Website: http://www.mossfon.com/​

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Mossack Fonseca Estate Planning & Asset Protection

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Mossack Fonseca: Structures Onshore and Midshore

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Mossack Fonseca: Structures Onshore and Midshore

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Specialized structures in selected jurisdictions are gaining more ground as business transactions become more complex and regulated.

Onshore and midshore jurisdictions offer our clients a wide variety of benefits for asset holding, estate planning, trading and many other services. They comply with annual reporting and payment of taxes at different rates and frequencies, depending on the jurisdiction and are ideal in the use of double tax treaties.

We can assist the client in the incorporation of onshore and midshore companies in jurisdictions such as the Netherlands, New Zealand and Malta, among others.

Established in 1977, the Mossack Fonseca Group is a leading global company which provides comprehensive legal, trust and accounting services.

With over 500 staff members across every continent, the Mossack Fonseca Group provides excellent services based on more than 35 years of experience. As part of its added value, the Group offers personal advice and a world-class online experience through a virtual Client Portal which is available 24 hours a day. Our web-based Client Information Portal application allows clients to reserve companies online, verify the status of companies, and pay invoices, in addition to other transactions.

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​We offer these services optimally fulfilling the conditions and times established in contracts Escrow. We follow comprehensive risk management policies, safely and accurately providing solid and tailored solutions for our clients.

Escrow services can help facilitate payments related to property transactions, mergers and acquisitions and access to capital, among other functions.

Established in 1977, the Mossack Fonseca Group is a leading global company which provides comprehensive legal, trust and accounting services.

Our service and research-oriented professionals specialize in trust services, wealth management, international business structures, and commercial law, among other areas.

Our product and service portfolio is constantly updated and renewed, enabling the Group to find the appropriate solution for your business. We offer research, advice and services for the following jurisdictions: Belize, The Netherlands, Costa Rica, United Kingdom, Malta, Hong Kong, Cyprus, British Virgin Islands, Bahamas, Panama, British Anguilla, Seychelles, Samoa, Nevada, and Wyoming (USA).

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​Escrow Services of Mossack Fonseca / General Forum / Mossack Fonseca

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We offer these services optimally fulfilling the conditions and times established in contracts Escrow. We follow comprehensive risk management policies, safely and accurately providing solid and tailored solutions for our clients. Escrow services can help facilitate payments related to property transactions, mergers and acquisitions and access to capital, among other functions.

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Mossack Fonseca - Announcement Regarding Clarification of
Media Reports

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Mossack Fonseca - Announcement Regarding Clarification of
Media Reports

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Mossack Fonseca & Co. wishes to express its position with regard to inaccurate information contained in certain print and online publications. Our firm has been mistakenly connected with matters in which we have no involvement whatsoever.

We clarify that:

Mossack Fonseca is a leading international company with a presence in over 40 countries and with close to 40 years of history in the legal industry. We operate through our own and representative offices. All our offices maintain the highest due diligence standards that comply with all international laws and regulations.

Mossack Fonseca Brazil is an independent entity of Mossack Fonseca & Co. Panama. As an entity, it represents our brand and sells international companies that our group incorporates through the different licenses that we hold in several jurisdictions. That said, our Brazil office operates with its own administration, resources, and staff that are independent of our group.

Information has been required of our Brazil representative office as part of an investigation that the public prosecutor is carrying out in certain cases currently being processed in that country. Our Brazil office has expressed through its legal representatives that it is ready and willing to cooperate with all authorities that request information through the pertinent channels.

The request for acquisition of the company in question was received by an independent intermediary professional, Ademir Auada, who in turn services final clients.

At the time the request for said company incorporation was received (2005), the respective due diligence verification was carried out in compliance with the required standards. As a result of such review, no adverse outcomes or any link whatsoever with politically exposed persons were found.

Mossack Fonseca & Co., like similar companies, renders registered agent services in the various jurisdictions where it incorporates companies upon request by clients. Such service does not represent any business link with the companies so formed, nor does it imply any administrative or fund raising power from clients. By virtue of the provisions set forth in the laws of such jurisdictions, registered agents incur no liability whatsoever for any business activities of the companies that they form.

We have a department that conducts thorough due diligence programs to verify the legitimacy of each of our clients in accordance with the legal standards in force.

The vast majority of our clients are regulated entities, such as premier banks, attorneys, accountants, other law firms, trust companies, etc.―all of them well-known and reputable business companies and firms.

We have not rendered in the past and do not currently render advisory or intermediation services of any kind for the purchase, loan or financing of any real property―nor do we render real property advice in any part of the world, except in regard to real property located within the Republic of Panama.

We are always willing to cooperate with all authorities that require information through legally established channels and in compliance with the requirements of the respective legislation.

As to the other points mentioned in the media, we would further clarify as follows:

Link to companies because of their physical addresses: By law, all Panamanian corporations must have a resident agent that must be an attorney at law or a law firm. All companies incorporated by such resident agents have the physical address of such resident agent’s office.

In Brazil, it is completely legal to incorporate or use offshore companies for any transaction, whether regarding real property or other legal purposes, provided that they comply with all Brazilian laws.

We shall continue on our nearly 40-year path of servicing the international business, banking, legal and financial communities and we shall maintain our resolve to become ever more efficient and useful to the business world.

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Mossack Fonseca on OECD: Conference on Intergovernmental
Investment Treaties

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Mossack Fonseca on OECD: Conference on Intergovernmental
Investment Treaties

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Mossack Fonseca - On March 14, 2016, the Organization for Economic Cooperation and Development (OECD) will host a conference on the balance between investor protection and governments’ right to regulate. The conference will take place at the OECD Conference Centre in Paris, France.

Many recent investment treaty developments have been driven by the quest for a balance between investor protection and governments’ right to regulate. Efforts to achieve balance have inspired innovation in treaty policy, led some countries to exit investment treaties perceived as out-dated, and informed treaty policy and practice worldwide.

The conference will explore:

• How governments are balancing investor protection and the right to regulate

• The search for improved balance through new institutions or improved rules for dispute settlement including the new Investment Court System developed by the European Union

• A case study on addressing the balance through substantive law―in particular through approaches to the fair and equitable treatment (FET) provision.

• How the OECD, working with other international organizations, can support constructive improvement of governments’ investment treaty policies in this regard

Governments have been evaluating key aspects of investment treaties at regular bi-annual meetings of the OECD-hosted Freedom of Investment Roundtable since 2011. This conference will gather senior policy makers and investment treaty negotiators from 54 advanced and emerging economies for exchanges with leading representatives of business, civil society and academia, as well as international organizations.

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​Why join the Mossack Fonseca Group

Our worldwide offices embrace and encourage an international community of professionals. Our daily work with clients from more than 105 countries allows us to understand the meaning of a multicultural workspace.

Reputation

We have a reputation of efficiency and great service that we pride ourselves on. We are driven to be the best in a job that must be diligently executed every day. A good reputation is not given; it is earned in the work place every day.

Empowerment

The world is not short of good ideas, but of people who are willing to make them real. The opportunity to create and lead has shown great success amongst our staff. Not only do we feel the desire to take leadership, we give them the tools and liberty to do so.

Challenging

We actively seek individuals that want to add value and succeed. Our group favors aspiring leaders who want to work with the very best in a positive atmosphere where healthy competition is promoted.

If you are interested in becoming part of the team please submit your curriculum below. Thank you for your interest in Mossack Fonseca.

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Mossack Fonseca: Malta Refuses to Cede Tax Sovereignty

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Mossack Fonseca: Malta Refuses to Cede Tax Sovereignty

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Mossack Fonseca - In response to the European Commission’s (EC) new anti-tax avoidance package that addresses base erosion and profit shifting (BEPS), Malta’s Finance Minister, Edward Scicluna, insists that his country will not cede tax sovereignty to the EC. Malta will resist any attempt by the EC to reduce sovereignty over its own fiscal affairs, he pledged.

BEPS refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no overall corporate tax being paid.

In rebuttal to the EC’s anti-tax avoidance package, Minister Scicluna made the following points:

Malta is not ready to accept any form of tax harmonisation or any changes to their tax system. He considers this a “red line” that no one will be allowed to cross.

Malta condemns tax evasion, and is therefore ready to cooperate to reach an agreement that will enhance tax transparency and improve the exchange of tax-related information between EU member states.

Malta’s relatively low taxation rates in and of themselves shouldn’t be considered an abusive, harmful or unjust practice―there is nothing wrong with better tax planning―which mustn’t be confused with tax evasion.

Malta won’t be alone in its fight against proposed tax harmonisation―other European countries, including the United Kingdom, share a similar stance.

The Minister went on to say that he has already used the threat of a veto to force the EC to modify certain clauses within the BEPS proposal, including a phrase that proposes “a common but flexible approach”.

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Mossack Fonseca on Mauritius: Exchange of Information
Delayed 1 Year

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Mossack Fonseca on Mauritius: Exchange of Information
Delayed 1 Year

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A 15 January 2016 press release from the Mauritius Revenue Authority (MRA) announced the delay of the Organization for Economic Cooperation and Development’s (OECD) Common Reporting Standard (CRS) exchanges of information for tax purposes until September 2018. Originally, the exchanges were slated to begin in September 2017.

The MRA also confirmed that the requirement for Mauritian financial institutions to apply due diligence procedures to record the tax residence of clients opening new accounts will take effect from 1 January 2017. The CRS, unlike FATCA, requires information based upon tax residency, not citizenship.

Established in 1977, the Mossack Fonseca Group is a leading global company which provides comprehensive legal, trust and accounting services.

With over 500 staff members across every continent, the Mossack Fonseca Group provides excellent services based on more than 35 years of experience. As part of its added value, the Group offers personal advice and a world-class online experience through a virtual Client Portal which is available 24 hours a day. Our web-based Client Information Portal application allows clients to reserve companies online, verify the status of companies, and pay invoices, in addition to other transactions.

Our service and research-oriented professionals specialize in trust services, wealth management, international business structures, and commercial law, among other areas.

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Mossack Fonseca on Mauritius: Exchange of Information Delayed 1 Year / General Forum / Mossack Fonseca

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A 15 January 2016 press release from the Mauritius Revenue Authority (MRA) announced the delay of the Organization for Economic Cooperation and Development's (OECD) Common Reporting Standard (CRS) exchanges of information for tax purposes until September 2018. Originally, the exchanges were slated to begin in September 2017.

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Mossack Fonseca: Switzerland to Sign Multilateral Pact on
Multinationals

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Mossack Fonseca: Switzerland to Sign Multilateral Pact on
Multinationals

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Mossack Fonseca - On January 20, 2016, the Swiss Federal Council approved the signing of the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports.

Switzerland is to join several other states and territories who will sign the multilateral agreement in Paris on January 27, 2016, reports Taxnews.com.

The multilateral agreement sets out the conditions under which tax authorities will automatically exchange country-by-country (CbC) reports on multinationals in their respective territories. It is based on the Convention on Mutual Administrative Assistance in Tax Matters, which was approved by the Federal Assembly in December 2015.

The Ministry of Finance said: "The aim of country-by-country reports is to give an overview of multinationals' global allocation of income and taxes paid, together with other indicators on the location of economic activity within the group. Country-by-country reports will be exchanged automatically between the tax authorities of the countries where a group entity is present."

"The signing of the multilateral agreement leaves it to Switzerland to choose the countries with which it wishes to automatically exchange country-by-country reports. Switzerland will determine the countries in question at a later date."

The Federal Council is to launch a consultation on the multilateral agreement and the implementing act in the first half of 2016. They will go through the standard approval process before entering into force.

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Mossack Fonseca: Brazil says beach apartments tied to
corruption scheme

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Mossack Fonseca: Brazil says beach apartments tied to
corruption scheme

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Beach-side apartments in Brazil may have been used as bribes and to launder money for members of the ruling Workers’ Party, police and prosecutors said on Wednesday after ordering six arrests and 15 search warrants.

In the latest phase of Brazil’s largest-ever corruption probe, investigators are looking into whether construction firm OAS SA used apartments in the Solaris complex in Guaruja as bribes in a corruption scheme involving state-run oil firm Petrobras.

Dozens of executives and politicians have been arrested or are under investigation on suspicion of overcharging Petroleo Brasileiro SA, as the company is formally known, and using part of the proceeds to bribe members of President Dilma Rousseff’s ruling coalition.

The apartments were held in the name of front companies, such as Murray Holdings LLC that was registered by Panama-based Mossack Group, prosecutors said at a news conference, adding Mossack has previously helped hide criminal activity offshore.

“There is real evidence of money laundering. We are looking principally at this time at the Vaccari family,” said prosecutor Carlos Fernando dos Santos Lima, referring to Joao Vaccari, the jailed former treasurer of the Workers’ Party.

Vaccari has been convicted and sentenced to just over 15 years in jail.

OAS declined to comment. Mossack Fonseca, a law firm, said in a statement it had been "unjustly and erroneously included in matters with which we have no involvement at all." The firm said it was not under investigation and had not been contacted by police or the judiciary.

Local paper O Globo said former President Luiz Inacio Lula da Silva also had an apartment held under another name in the complex. Lima did not confirm this.

"If there was an apartment that was in his name ... or someone in his family, we will investigate it like any other," Lima said. Police said all the apartments in the complex were under investigation.

A statement on the website for Lula's office said the former president repudiates attempts to link his name with the corruption scandal. The statement reiterated that Lula's family bought an option for an apartment in the complex but later decided not to go through with the purchase. Lula has previously threatened to prosecute journalists for smearing his name in connection with the Petrobras case.

Neither Lula nor Rousseff is under investigation, though Rousseff's approval rating has suffered from the accusations against her political party.

Police only gave the name of one person that had been arrested, publicist Nelci Warken.

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Mossack Fonseca on Singapore Joins OECD
Multilateral Tax Convention

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Mossack Fonseca on Singapore Joins OECD
Multilateral Tax Convention

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On January 20, 2016, Singapore deposited with the Organization for Economic Cooperation and Development (OECD) its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters, reports Lowtax.net.

With this development, Singapore became the 93rd jurisdiction to join the pact, touted by the OECD as the world's leading instrument for boosting transparency and combating offshore tax evasion.

The Convention provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations, and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.

Ratifying the Convention will expand Singapore's network of partners for the exchange of information on request by 34 jurisdictions. This is part of a series of changes that Singapore has made in recent years to combat cross-border tax evasion, following Singapore's adoption of the internationally agreed standard for exchange of information on request in 2009, Singapore's Ministry of Finance said.

Minister for Finance, Heng Swee Keat, said: "Ratifying the Convention reflects Singapore's commitment to effective exchange of information based on international standards, but the standards can only work if all financial centres, such as Switzerland, Luxembourg, Singapore, and Hong Kong, move together. We will continue to work with our international partners to achieve this and prevent regulatory arbitrage."

The Convention was developed jointly by the OECD and the Council of Europe in 1988. It was amended in 2010 to respond to a call by the Group of Twenty (G-20) nations that it be aligned to the new international standard on the automatic exchange of information and that it be opened up to all countries.

The Convention is now seen as the instrument for swift implementation of the new Standard for Automatic Exchange of Financial Account Information in Tax Matters developed by the OECD. It will also be critical for the automatic exchange of country-by-country reports, proposed in the OECD's base erosion and profit shifting project.

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On January 20, 2016, link (OECD) its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters, reports Lowtax.net.

With this development, Singapore became the 93rd jurisdiction to join the pact, touted by the OECD as the world's leading instrument for boosting transparency and combating offshore tax evasion.

The Convention provides for all forms of link: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations, and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.

Ratifying the Convention will expand Singapore's network of partners for the exchange of information on request by 34 jurisdictions. This is part of a series of changes that Singapore has made in recent years to combat cross-border tax evasion, following Singapore's adoption of the internationally agreed standard for exchange of information on request in 2009, Singapore's Ministry of Finance said.

Minister for Finance, Heng Swee Keat, said: "Ratifying the Convention reflects Singapore's commitment to effective exchange of information based on international standards, but the standards can only work if all financial centres, such as Switzerland, Luxembourg, Singapore, and Hong Kong, move together. We will continue to work with our international partners to achieve this and prevent regulatory arbitrage."

The Convention was developed jointly by the OECD and the Council of Europe in 1988. It was amended in 2010 to respond to a call by the Group of Twenty (G-20) nations that it be aligned to the new international standard on the automatic exchange of information and that it be opened up to all countries.

The Convention is now seen as the instrument for swift implementation of the new Standard for Automatic Exchange of link developed by the OECD. It will also be critical for the automatic exchange of country-by-country reports, proposed in the OECD's base erosion and profit shifting project.

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Mossack Fonseca Article: Mossack Fonseca on Singapore Joins OECD Multilateral Tax Convention

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On January 20, 2016, link (OECD) its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters, reports Lowtax.net. With this development, Singapore became the 93rd jurisdiction to join the pact, touted by the OECD as the world's leading instrument for boosting transparency and combating offshore tax evasion.

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On January 20, 2016, Singapore deposited with the Organization for Economic Cooperation and Development (OECD) its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters, reports Lowtax.net.

With this development, Singapore became the 93rd jurisdiction to join the pact, touted by the OECD as the world's leading instrument for boosting transparency and combating offshore tax evasion.

The Convention provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations, and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.

Ratifying the Convention will expand Singapore's network of partners for the exchange of information on request by 34 jurisdictions. This is part of a series of changes that Singapore has made in recent years to combat cross-border tax evasion, following Singapore's adoption of the internationally agreed standard for exchange of information on request in 2009, Singapore's Ministry of Finance said.

Minister for Finance, Heng Swee Keat, said: "Ratifying the Convention reflects Singapore's commitment to effective exchange of information based on international standards, but the standards can only work if all financial centres, such as Switzerland, Luxembourg, Singapore, and Hong Kong, move together. We will continue to work with our international partners to achieve this and prevent regulatory arbitrage."

The Convention was developed jointly by the OECD and the Council of Europe in 1988. It was amended in 2010 to respond to a call by the Group of Twenty (G-20) nations that it be aligned to the new international standard on the automatic exchange of information and that it be opened up to all countries.

The Convention is now seen as the instrument for swift implementation of the new Standard for Automatic Exchange of Financial Account Information in Tax Matters developed by the OECD. It will also be critical for the automatic exchange of country-by-country reports, proposed in the OECD's base erosion and profit shifting project.

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Mossack Fonseca: Switzerland Agrees to AEOI with Five
More Territories

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Mossack Fonseca: Switzerland Agrees to AEOI with Five
More Territories

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​Switzerland has signed joint declarations to automatically exchange tax information (AEOI) with Jersey, Guernsey, the Isle of Man, Iceland, and Norway, reports lowtax.net.

The Swiss Federal Council said that data collection will commence in 2017 and the first exchanges will take place in 2018. The exchanges will be based on the standards set out in the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA).

The bilateral declarations specify that the jurisdictions are satisfied with the confidentiality rules provided for in the other jurisdiction with regard to tax. The Council said that countries have also established regulatory procedures that allow taxpayers to regularize their tax affairs on favourable terms. The Council added that Iceland and Norway have reiterated their intention to hold talks on market access for Swiss financial services providers.

Switzerland's Federal Department of Finance will now hold consultations on the implementation of the declarations. The corresponding federal decrees will then be submitted to Parliament for approval.

Switzerland has signed a similar joint declaration with Australia, and an automatic exchange of information agreement has been concluded with the European Union.

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Panama Jazz Festival 2016 on Mossack Fonseca

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Panama Jazz Festival 2016 on Mossack Fonseca

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​Mossack Fonseca apoyando al talento nacional mediante nuestro patrocinio a la Fundación Danilo Pérez, se hizo presente en el concierto de clausura de la semana del Panama Jazz Festival con un puesto en Ciudad del Saber.

Con cientos de visitas, nuestro "stand" fue todo un éxito. En el mismo ofreciamos a todos los clientes, amigos y familiares que se detenían para compartir con nosotros, tomarse un selfie y disfrutar de una botella de agua, bebidas rehidratantes o incluso llevarse uno de los exclusivos abanicos personalizados con nuestro logo para combatir el radiante sol de verano. Nuestros amigos de MIPS tambíen dijeron presente en este evento con sus familias.

Agradecemos en especial a todos los voluntarios que con su esfuerzo hicieron esto posible.

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Leiden actualiza a Panamá en Ley Tributaria Internacional y
Mossack Fonseca dice presente

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Leiden actualiza a Panamá en Ley Tributaria Internacional y
Mossack Fonseca dice presente

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A partir de este 18 de enero hasta el 6 de febrero, el prestigioso Centro de Tributación Internacional de Leiden dictará un curso ejecutivo en Panamá, llevando a cabo el programa ejecutivo de Ley tributaria internacional en Latinoamérica.

Para Mossack Fonseca es un gran privilegio patrocinar un evento de gran importancia como este, así como participar en calidad de asistente a través de su equipo de abogados locales e internacionales.

En la actualidad, la industria legal está sufriendo grandes cambios y es importante estar a la vanguardia de esos cambios para cumplir con las exigencias internacionales en materia legal. Por ello, Mossack Fonseca, empresa líder global en servicios integrales de carácter legal, fiduciario y contable, se hace presente en este programa.

La Universidad de Leiden es reconocida internacionalmente como una institución de primera línea en investigación. Además, ha llegado a acuerdos con numerosas universidades de todo el mundo con el propósito de facilitar la investigación, la cooperación y el intercambio de estudiantes y personal. Los temas a tocar en este curso serán divididos por semana en: tratados tributarios, temas avanzados, precios de transferencia. Entre los profesores que dictarán este curso están Kees van Raad, director de programas en derecho tributario internacional y Stefano Simontacchi, doctor en derecho fiscal en la Universidad de Leiden.

Este programa es dirigido a abogados, contadores y economistas de Latinoamérica que trabajen para el gobierno, en práctica privada, en el departamento de impuestos de alguna empresa o quien desee adquirir conocimientos acerca de las leyes tributarias internacionales. Mossack Fonseca dice presente con su participación, siendo consciente de la importancia de la renovación de la información para ofrecerles a sus clientes servicios óptimos y de calidad.

Sobre Mossack Fonseca

Mossack Fonseca es una empresa líder global en servicios integrales de carácter legal, fiduciario y contable, que cuenta con asesores legales especializados que cubren todas las áreas de práctica y dominan los asuntos relacionados con naves, migración, contratos y propiedad intelectual, así como derecho mercantil en general.

La empresa cuenta con oficinas todos los continentes y tiene más de 500 colaboradores alrededor del mundo; ofrece un servicio de excelencia, con más de 35 años de experiencia en servicios integrales de carácter legal, brindando asesoramiento personalizado y una experiencia de clase mundial con servicios exclusivos en línea, con disponibilidad las 24 horas del día.

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Leiden actualiza a Panamá en Ley Tributaria Internacional y Mossack ... / General Forum / Mossack Fonseca

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A partir de este 18 de enero hasta el 6 de febrero, el prestigioso Centro de Tributación Internacional de Leiden dictará un curso ejecutivo en Panamá, llevando a cabo el programa ejecutivo de Ley tributaria internacional en Latinoamérica.

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Hong Kong: AEOI to Begin 2018 by Mossack Fonseca

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Hong Kong: AEOI to Begin 2018 by Mossack Fonseca

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The Hong Kong Inland Revenue (Amendment) Bill 2016 was gazetted 8 January 2016. "The Bill seeks to put in place a legal framework for Hong Kong to implement the new international standard for automatic exchange of financial account information in tax matters (AEOI) as promulgated by the Organisation for Economic Co-operation and Development (OECD)", a Government spokesman said in a press release.

Key points include:

 Subject to the passage of local legislation, AEOI would be implemented on a reciprocal basis with appropriate partners who could meet relevant standards on protection of privacy and confidentiality of information exchanged and ensuring proper use of the data exchanged.

 Once the AEOI agreement is in place, financial institutions have to put in place the prescribed due diligence procedures in order to identify and collect information of the relevant financial accounts in 2017.

 The first information exchanges would take place by the end of 2018.

 The Inland Revenue Department (IRD) will exchange information with the tax authorities of AEOI partner jurisdictions on an annual basis.

According to the press release, Hong Kong intends to conduct AEOI only with their partners with whom they have signed comprehensive avoidance of double taxation agreements (CDTAs) or tax information exchange agreements (TIEAs), on a bilateral basis.

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Hong Kong: AEOI to Begin 2018 by Mossack Fonseca The Hong Kong Inland Revenue Amendment Bill 2016 was gazetted 8 January 2016. "The Bill seeks to put in place a legal framework for Hong Kong to implement the new international standard for automatic exchange of financial account information in tax matters AEOI as promulgated by the Organisation for Economic Co-operation and Development OECD" a Government spokesman said in a press release. Key points include: to the passage of local legislation AEOI would be implemented on a reciprocal basis with appropriate partners who could meet relevant standards on protection of privacy and confidentiality of information exchanged and ensuring proper use of the data exchanged. the AEOI agreement is in place financial institutions have to put in place the prescribed due diligence procedures in order to identify and collect information of the relevant financial accounts in 2017. first information exchanges would take place by the end of 2018. Inland Revenue Department IRD will exchange information with the tax authorities of AEOI partner jurisdictions on an annual basis. According to the press release Hong Kong intends to conduct AEOI only with their partners with whom they have signed comprehensive avoidance of double taxation agreements CDTAs or tax information exchange agreements TIEAs on a bilateral basis.

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Hong Kong: AEOI to Begin 2018 by Mossack Fonseca

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Hong Kong: AEOI to Begin 2018 by Mossack Fonseca The Hong Kong Inland Revenue Amendment Bill 2016 was gazetted 8 January 2016. "The Bill seeks to put in place a legal framework for Hong Kong to implement the new international standard for automatic exchange of financial account information in tax matters AEOI as promulgated by the Organisation for Economic Co-operation and Development OECD" a Government spokesman said in a press release.

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Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

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Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

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México-Bogotá

Antes del espectacular escape de prisión el año pasado, el capo mexicano Joaquín Chapo Guzmán instruyó a sus abogados para que registraran su nombre como marca, lo que ofreció a las autoridades una primera pista de que quería hacer una película sobre su vida, dijeron ayer medios aztecas.

Durante sus anteriores 17 meses detrás de las rejas, Guzmán pidió a sus abogados iniciar el proceso de registrar su nombre como marca en el Instituto Mexicano de la Propiedad Intelectual (IMPI), dijo el periodista Carlos Loret, de Televisa.

Sin embargo, el IMPI rechazó el registro. Según documentos que vio Reuters, el IMPI rechazó dos solicitudes para registrar como marca el nombre Joaquín el Chapo Guzmán y El chapo Guzmán en 2011, presentadas por Alejandrina Gisselle Guzmán, quien sería su hija. Las solicitudes para trajes y vestidos fueron rechazadas.

Ayer también se conoció que Guzmán, recapturado el viernes último, tenía vínculos en Colombia, principal productor mundial de cocaína, con alias Otoniel, líder del Clan Úsuga, según la policía colombiana.

Después de dejar las armas en el marco de un programa de desmovilizaciones masivas de milicias de ultraderecha liderado por el gobierno del entonces presidente Álvaro Uribe (2002-2010), Otoniel (Dairo Antonio Úsuga) se erigió como líder del grupo, también conocido como Los Urabeños o Autodefensas Gaitanistas.

De las 15 toneladas de cocaína incautadas desde finales de 2014 en una operación contra el Clan Úsuga, “muchas tienen relación” con el mexicano cartel de Sinaloa, liderado por Guzmán. Las marquillas que aparecen en los alijos del estupefaciente “corresponden a logos de compañías internacionales de carros, que es una de las condiciones que establece el cartel de Sinaloa para identificar los cargamentos”, dijo la policía.

Esto, mientras en México siguen los rumores del posible vínculo comercial que podrían tener el Chapo con la actriz mexicana Kate del Castillo, a quien le confió en exclusiva el video de la entrevista que le envió al actor estadounidense Sean Penn, y que fue publicada el sábado último por la revista Rolling Stone.

Ahí se afirmó que el contacto para la cita fue Kate del Castillo, la actriz que ha encarnado protagónicos en novelas televisivas, en los que se convierte en la jefa del narcotráfico, como sucedió en La reina del sur y en Dueños del paraíso, transmitidas en países latinoamericanos.

Durante el operativo de captura del Chapo se encontraron también tres DVD de la novela La reina del Sur. (I)

Firma de abogados internacional servicio completo - Mossack Fonseca & Co.

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Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

# data[].attributes.subject
Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

# data[].attributes.body
México-Bogotá

Antes del espectacular escape de prisión el año pasado, el capo mexicano Joaquín Chapo Guzmán instruyó a sus abogados para que registraran su nombre como marca, lo que ofreció a las autoridades una primera pista de que quería hacer una película sobre su vida, dijeron ayer medios aztecas.

Durante sus anteriores 17 meses detrás de las rejas, Guzmán pidió a sus abogados iniciar el proceso de registrar su nombre como marca en el Instituto Mexicano de la Propiedad Intelectual (IMPI), dijo el periodista Carlos Loret, de Televisa.

Sin embargo, el IMPI rechazó el registro. Según documentos que vio Reuters, el IMPI rechazó dos solicitudes para registrar como marca el nombre Joaquín el Chapo Guzmán y El chapo Guzmán en 2011, presentadas por Alejandrina Gisselle Guzmán, quien sería su hija. Las solicitudes para trajes y vestidos fueron rechazadas.

Ayer también se conoció que Guzmán, recapturado el viernes último, tenía vínculos en Colombia, principal productor mundial de cocaína, con alias Otoniel, líder del Clan Úsuga, según la policía colombiana.

Después de dejar las armas en el marco de un programa de desmovilizaciones masivas de milicias de ultraderecha liderado por el gobierno del entonces presidente Álvaro Uribe (2002-2010), Otoniel (Dairo Antonio Úsuga) se erigió como líder del grupo, también conocido como Los Urabeños o Autodefensas Gaitanistas.

De las 15 toneladas de cocaína incautadas desde finales de 2014 en una operación contra el Clan Úsuga, “muchas tienen relación” con el mexicano cartel de Sinaloa, liderado por Guzmán. Las marquillas que aparecen en los alijos del estupefaciente “corresponden a logos de compañías internacionales de carros, que es una de las condiciones que establece el cartel de Sinaloa para identificar los cargamentos”, dijo la policía.

Esto, mientras en México siguen los rumores del posible vínculo comercial que podrían tener el Chapo con la actriz mexicana Kate del Castillo, a quien le confió en exclusiva el video de la entrevista que le envió al actor estadounidense Sean Penn, y que fue publicada el sábado último por la revista Rolling Stone.

Ahí se afirmó que el contacto para la cita fue Kate del Castillo, la actriz que ha encarnado protagónicos en novelas televisivas, en los que se convierte en la jefa del narcotráfico, como sucedió en La reina del sur y en Dueños del paraíso, transmitidas en países latinoamericanos.

Durante el operativo de captura del Chapo se encontraron también tres DVD de la novela La reina del Sur. (I)

Firma de abogados internacional servicio completo - Mossack Fonseca & Co.

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Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

# data[].attributes.subject
Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

# data[].attributes.body
México-Bogotá

Antes del espectacular escape de prisión el año pasado, el capo mexicano Joaquín Chapo Guzmán instruyó a sus abogados para que registraran su nombre como marca, lo que ofreció a las autoridades una primera pista de que quería hacer una película sobre su vida, dijeron ayer medios aztecas.

Durante sus anteriores 17 meses detrás de las rejas, Guzmán pidió a sus abogados iniciar el proceso de registrar su nombre como marca en el Instituto Mexicano de la Propiedad Intelectual (IMPI), dijo el periodista Carlos Loret, de Televisa.

Sin embargo, el IMPI rechazó el registro. Según documentos que vio Reuters, el IMPI rechazó dos solicitudes para registrar como marca el nombre Joaquín el Chapo Guzmán y El chapo Guzmán en 2011, presentadas por Alejandrina Gisselle Guzmán, quien sería su hija. Las solicitudes para trajes y vestidos fueron rechazadas.

Ayer también se conoció que Guzmán, recapturado el viernes último, tenía vínculos en Colombia, principal productor mundial de cocaína, con alias Otoniel, líder del Clan Úsuga, según la policía colombiana.

Después de dejar las armas en el marco de un programa de desmovilizaciones masivas de milicias de ultraderecha liderado por el gobierno del entonces presidente Álvaro Uribe (2002-2010), Otoniel (Dairo Antonio Úsuga) se erigió como líder del grupo, también conocido como Los Urabeños o Autodefensas Gaitanistas.

De las 15 toneladas de cocaína incautadas desde finales de 2014 en una operación contra el Clan Úsuga, “muchas tienen relación” con el mexicano cartel de Sinaloa, liderado por Guzmán. Las marquillas que aparecen en los alijos del estupefaciente “corresponden a logos de compañías internacionales de carros, que es una de las condiciones que establece el cartel de Sinaloa para identificar los cargamentos”, dijo la policía.

Esto, mientras en México siguen los rumores del posible vínculo comercial que podrían tener el Chapo con la actriz mexicana Kate del Castillo, a quien le confió en exclusiva el video de la entrevista que le envió al actor estadounidense Sean Penn, y que fue publicada el sábado último por la revista Rolling Stone.

Ahí se afirmó que el contacto para la cita fue Kate del Castillo, la actriz que ha encarnado protagónicos en novelas televisivas, en los que se convierte en la jefa del narcotráfico, como sucedió en La reina del sur y en Dueños del paraíso, transmitidas en países latinoamericanos.

Durante el operativo de captura del Chapo se encontraron también tres DVD de la novela La reina del Sur. (I)

Firma de abogados internacional servicio completo - Mossack Fonseca & Co.

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Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

# data[].attributes.subject
Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

# data[].attributes.body
México-Bogotá

Antes del espectacular escape de prisión el año pasado, el capo mexicano Joaquín Chapo Guzmán instruyó a sus abogados para que registraran su nombre como marca, lo que ofreció a las autoridades una primera pista de que quería hacer una película sobre su vida, dijeron ayer medios aztecas.

Durante sus anteriores 17 meses detrás de las rejas, Guzmán pidió a sus abogados iniciar el proceso de registrar su nombre como marca en el Instituto Mexicano de la Propiedad Intelectual (IMPI), dijo el periodista Carlos Loret, de Televisa.

Sin embargo, el IMPI rechazó el registro. Según documentos que vio Reuters, el IMPI rechazó dos solicitudes para registrar como marca el nombre Joaquín el Chapo Guzmán y El chapo Guzmán en 2011, presentadas por Alejandrina Gisselle Guzmán, quien sería su hija. Las solicitudes para trajes y vestidos fueron rechazadas.

Ayer también se conoció que Guzmán, recapturado el viernes último, tenía vínculos en Colombia, principal productor mundial de cocaína, con alias Otoniel, líder del Clan Úsuga, según la policía colombiana.

Después de dejar las armas en el marco de un programa de desmovilizaciones masivas de milicias de ultraderecha liderado por el gobierno del entonces presidente Álvaro Uribe (2002-2010), Otoniel (Dairo Antonio Úsuga) se erigió como líder del grupo, también conocido como Los Urabeños o Autodefensas Gaitanistas.

De las 15 toneladas de cocaína incautadas desde finales de 2014 en una operación contra el Clan Úsuga, “muchas tienen relación” con el mexicano cartel de Sinaloa, liderado por Guzmán. Las marquillas que aparecen en los alijos del estupefaciente “corresponden a logos de compañías internacionales de carros, que es una de las condiciones que establece el cartel de Sinaloa para identificar los cargamentos”, dijo la policía.

Esto, mientras en México siguen los rumores del posible vínculo comercial que podrían tener el Chapo con la actriz mexicana Kate del Castillo, a quien le confió en exclusiva el video de la entrevista que le envió al actor estadounidense Sean Penn, y que fue publicada el sábado último por la revista Rolling Stone.

Ahí se afirmó que el contacto para la cita fue Kate del Castillo, la actriz que ha encarnado protagónicos en novelas televisivas, en los que se convierte en la jefa del narcotráfico, como sucedió en La reina del sur y en Dueños del paraíso, transmitidas en países latinoamericanos.

Durante el operativo de captura del Chapo se encontraron también tres DVD de la novela La reina del Sur. (I)

Firma de abogados internacional servicio completo - Mossack Fonseca & Co.

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Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

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Mossack Fonseca: "El Chapo" Guzmán buscó registrar su
nombre como marca

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Mossack
Fonseca promoverá protección de derechos de autor durante el primer Blogger
Influencer Week

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Mossack
Fonseca promoverá protección de derechos de autor durante el primer Blogger
Influencer Week

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El primer Blogger Influencer Week se llevará a cabo del 27 de Febrero al 5 de Marzo del 2016 a través de diversos eventos a celebrarse en la República de Panamá.

La División de Propiedad Intelectual de Mossack Fonseca (MIPS) participará del primer Blogger Influencer Week como empresa líder que promueve la importancia del registro de contenido de los blogs y la protección de los derechos de autor.

Los organizadores de este evento buscan principalmente desarrollar oportunidades que realcen a Panamá como una plataforma turística y de negocios, a través del impulso y talento de la comunidad de nacional e internacional con los bloggers e influenciadores más reconocidos y respetados del mundo.

“La ciudad de Panamá una vez más será protagonista de un evento lleno de innovación y vanguardia con el primer Blogger Influencer Week. Como empresa líder de nuestro sector, apoyamos este tipo de iniciativas, con el propósito de comunicar y compartir con a todos los participantes la importancia de registrar y proteger los derecho de autor”, comenta la Lic. Raquel Araúz, Coordinadora de la División de Propiedad Intelectual de Mossack Fonseca.

Agrega la licenciada Araúz que MIPS ha ampliado su oferta de servicios para asegurar la protección completa de las marcas, patentes y derechos de autor de nuestros clientes, evitando tanto la falsificación e imitación de sus productos y servicios a nivel nacional e internacional y generando dinámicas de protección de derecho de autor en nuestra comunidad de talentos

El primer Blogger Influencer Week se llevará a cabo del 27 de Febrero al 5 de Marzo del 2016 a través de diversos eventos a celebrarse en la República de Panamá. Para mayor información sobre MIPS, síga a MIPS en Twitter usando el hashtag:#CuidaTusIdeas.

Sobre Mossack Fonseca

Mossack Fonseca es una empresa líder global en servicios integrales de carácter legal, fiduciario y contable, que cuenta con asesores legales especializados que cubren todas las áreas de práctica y dominan los asuntos relacionados con naves, migración, contratos y propiedad intelectual, así como derecho mercantil en general.

La empresa cuenta con oficinas todos los continentes y tiene más de 500 colaboradores alrededor del mundo; ofrece un servicio de excelencia, con más de 35 años de experiencia en servicios integrales de carácter legal, brindando asesoramiento personalizado y una experiencia de clase mundial con servicios exclusivos en línea, con disponibilidad las 24 horas del día.

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Mossack Fonseca promoverá protección de derechos de autor durante el primer Blogger Influencer Week

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Mossack Fonseca, Panamá y el intercambio de información tributaria

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Mossack Fonseca, Panamá y el intercambio de información tributaria

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La Organización para la Cooperación y el Desarrollo Económico (Ocde) mantiene una campaña para la implementación universal de un sistema pensado para combatir lo que dicho organismo denomina Erosión de las Bases y Transferencia de Beneficios (Base Erosion and Profit Shifting o Beps, por sus siglas en inglés). Lo llamaremos Beps. En esencia, Beps consiste en un sistema multilateral de intercambio automático de información tributaria entre los países que suscriban el acuerdo correspondiente.

Este proyecto Beps de la Ocde constituye un cambio importante respecto de la política que sobre intercambio de información tributaria había venido manteniendo dicha organización durante los últimos años, que consistía en la promoción de redes de intercambio bilateral de información entre países. Este cambio de exigir intercambio bilateral a un sistema de intercambio multilateral, la Ocde ha manifestado que se justifica por el hecho que los sistemas de intercambio bilateral tienen falencias que se prestan para esquemas de erosión de las bases del impuesto corporativo sobre la renta. Según la Ocde, el nuevo sistema está llamado a restaurar la confianza de las personas en sus sistemas impositivos, nivelar el terreno de juego para las empresas y proveer a los gobiernos con herramientas más eficientes para asegurar la efectividad de sus políticas fiscales soberanas. Además, sostiene la Ocde, el nuevo sistema de intercambio multilateral que propone, vendría a estandarizar normas y procedimientos, con lo cual el sistema redundaría en beneficios incluso para las empresas multinacionales.

¿Cuál es la posición de Panamá sobre el intercambio multilateral?

En primer lugar, en la reciente sesión anual de la Asamblea General de la Organización de Naciones Unidas (ONU), el presidente de la República, Juan Carlos Varela, expresó durante su intervención que Panamá acepta la necesidad de establecer controles adecuados para asegurar que sus sistemas financiero y logístico sean utilizados solo para fines legítimos, y que para ello el país ha venido adoptando normas y sistemas de control cada vez más estrictos. En este sentido, indicó que Panamá acepta que debe migrar hacia un sistema de intercambio automático de información fiscal. Sin embargo, acotó que Panamá continuará suscribiendo acuerdos de intercambio de información bilaterales, como lo ha venido haciendo con los principales socios comerciales del país.

Además, el presidente Varela puntualizó, en su intervención en la ONU, que cualquier cooperación de la República de Panamá en materia de intercambio de información fiscal estará condicionada a dos factores: A la capacidad y circunstancias nacionales (de Panamá) y el entorno geopolítico internacional y que se respete el derecho soberano de cada país a tomar las medidas necesarias para garantizar que el intercambio de información fiscal persiga el bien común y no sea utilizado para perjudicar la competitividad de unos países frente a otros.

Síguenos en Twitter @Mossfon

Lo anterior fue en octubre de 2015. Pero posteriormente, la postura del país ha sido reafirmada por la Cancillería. Gian Castillero, asesor del Ministerio de Relaciones Exteriores para temas económicos, declaró a mediados de diciembre de 2015, a un importante medio escrito de noticias financieras del país, que Panamá no suscribirá el acuerdo multilateral que resulte del proyecto Beps de la Ocde, y que en cambio continuará negociando y suscribiendo acuerdos bilaterales para el intercambio automático de información fiscal, sobre la base de los criterios enunciados por el presidente Varela en su intervención ante la Asamblea General de la ONU.

¿Por qué Panamá prefiere la vía de acuerdos bilaterales?

Castillero fue bastante franco en su declaración publicada antes referida, y dijo que la Ocde basa su proyecto Beps con intercambio multilateral sobre la premisa que todos los países son iguales, premisa que señala como equivocada y que hay muchos países con retos que pueden ser terriblemente afectados por el intercambio automático de información fiscal. Fue claro al señalar que se refiere a los riesgos de secuestro y al riesgo que la información de los activos de una persona pueda ser usada para fines políticos. Es por esto que Panamá -señala- se reserva su potestad soberana para decidir con qué países suscribe acuerdos de intercambio de información.

¿Dónde estamos parados?

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Mossack Fonseca, Panamá y el intercambio de información tributaria / General Forum / Mossack Fonseca

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La Organización para la Cooperación y el Desarrollo Económico (Ocde) mantiene una campaña para la implementación universal de un sistema pensado para combatir lo que dicho organismo denomina Erosión de las Bases y Transferencia de Beneficios (Base Erosion and Profit Shifting o Beps, por sus siglas en inglés). Lo llamaremos Beps.

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Mossack Fonseca Joins the 'My
School First'Mi Escuela Primero' Program

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Mossack Fonseca Joins the 'My
School First'Mi Escuela Primero' Program

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Mossack Fonseca, in conjunction with the Panamanian Ministry of Education, has announced the signing of a collaboration agreement in support of the “My School First” program.

Panama, Republic of Panama—January 20, 2016 /PressCable/ —

Mossack Fonseca, a leading global company providing comprehensive legal, trust, and accounting services, has teamed up with a group of companies to support the “My School First” program by signing a collaboration agreement with the Panamanian Ministry of Education. Through this agreement, Mossack Fonseca will provide for the adaptation of the El Valle Basic Education Centre such that it will comply with the high standards set by the Ministry of Education.

The “My School First” program is one of the many educational projects being carried out by the central government of Panama to enhance the conditions of various educational centers in the country. The program seeks to make repairs where possible, build new facilities where necessary and furnish the schools in order to provide students with an environment conducive to learning. The lofty goals of these projects are in keeping with the tenets of Mossack Fonseca’s corporate philosophy, particularly as it relates to the essential nature of social responsibility and the importance of making a commitment to the communities it serves.

Corporate social responsibility is one of the foundations of Mossack Fonseca and it has been that way since the company began 38 years ago. The company’s involvement in this laudable endeavor should therefore come as no surprise to those familiar with its overarching mission that seeks to offer comprehensive and convenient legal, trust and accounting services. With a strong global presence active across every continent, the company continues to make every effort to support programs developed to benefit the communities of its clients.

With its head office located in Panama, Mossack Fonseca’s collaborative work with the Ministry of Education on the “My School First” program serves as a potent reminder that the company not only seeks to act in a way that addresses the needs of clients and shareholders, but also in a way that is socially responsible and wholly beneficial to society at large. Efforts such as this continue to demonstrate that the company takes its core values — commitment, responsibility and loyalty, among several others — quite seriously.

About The Company: The Mossack Fonseca Group has been a global provider of comprehensive legal, trust and accounting services since it was founded in 1977. Having established a global presence featuring the availability of staff members in offices located on every continent, Mossack Fonseca has long believed in the importance of a client-centered approach delivered by expert professionals specializing in wealth management, trust services, commercial law and international business structures, along with a variety of other vital services.

For more information about us, please visit http://www.mossfon.com

Contact Info:

Name: Mossack Fonseca

Organization: Mossack Fonseca

Address: 54th Street, Marbella, Panama, Republic of Panama

Phone: (507) 205–5888

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Mossack Fonseca: Mission, Vision, Values & Quality Policy

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Mossack Fonseca: Mission, Vision, Values & Quality Policy

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MISSION

To deliver quality, reliable and comprehensive services to our worldwide clients in the legal, trust, investment consultancy** and digital solution fields through our group´s firms, our global network of offices, our highly skilled staff and the cutting edge technology we have always embraced, meeting client needs by generating value while being able to compensate our shareholders, our employees and the society at large in a responsible manner.

**Entity Regulated and Supervised by the Superintendency of the Securities Market of Panama. Licensed to operate as an Investment Adviser. Resolution No. 94-06 of April 26th, 2006.

VISION

To be the leading local and international group in the provision of legal and trust services, as well as investment consultancy** and digital solutions, known for our prestigious firms and our commitment to service and excellence.

**Entity Regulated and Supervised by the Superintendency of the Securities Market of Panama. Licensed to operate as an Investment Adviser. Resolution No. 94-06 of April 26th, 2006.

CORE VALUES:

Customer Service Excellence

Commitment

Discipline

Responsibility

Honesty

Loyalty

Innovation

QUALITY POLICY

Mossack Fonseca & Co. is committed to offering quality legal and trust services in order to satisfy our clients, under a continual improvement scheme and with competent personnel.

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Mossack Fonseca: Mission, Vision, Values & Quality Policy / General Forum / Mossack Fonseca

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MISSIONTo deliver quality, reliable and comprehensive services to our worldwide clients in the legal, trust, investment consultancy** and digital solution fields through our group´s firms, our global network of offices, our highly skilled staff and the cutting edge technology we have always embraced, meeting client needs by generating value while being able to compensate our shareholders, our employees and the society at large in a responsible manner.

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Mossack Fonseca Inaugurates
Lactation Room

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Mossack Fonseca Inaugurates
Lactation Room

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Mossack Fonseca’s commitment to social responsibility continues with the recent inauguration of a lactation room located on its premises designed for the benefit of the many mothers working for the company.

Panama, Republic of Panama – January 18, 2016 /PressCable/ —

A socially responsible corporation that understands how essential it is to assist staff members in achieving a healthy balance between their personal and professional responsibilities, Mossack Fonseca recently inaugurated a lactation room on its premises for the benefit of the company’s mothers. Always keeping in mind the babies’ health and helping maintain the emotional bond between mother and baby in spite of work responsibilities, the addition of an office lactation room is a critical step that reinforces the manner in which the company values the well-being of its staff members and their families.

Through an alliance with Pigeon Global, Mossack Fonseca was supplied with the products needed to make this beautiful project an overwhelming success. Mothers now have a pleasant area with special furniture, a refrigerator, a microwave steam sterilizer and an assortment of Pigeon products designed to assist with this highly beneficial activity. Benefiting both mother and child, the addition of the lactation room is yet another example of how the company works diligently to ensure its clients, shareholders and team members are all accorded the respect they so richly deserve.

Founded in 1977, the company’s mission and core values have long guided the manner in which Mossack Fonseca operates with regard to its clients, its employees and its shareholders. In addition to its commitment to outstanding customer service and its focus on excellence, Mossack Fonseca has created a corporate culture and philosophy built on the tenets of commitment, discipline, responsibility, honesty, loyalty and innovation. The consistent adherence to these core values has driven the company to always consider how its actions will serve others and to pursue the course of action most likely to yield the greatest possible benefit.

It is also worth noting that the company’s longstanding professional partnerships with companies like Pigeon Global play an important role in Mossack Fonseca’s ability to be so successful in the implementation of socially responsible projects such as the recent lactation room addition. Whether it is providing comprehensive legal, trust and accounting services to clients or developing programs for the benefit of employees, Mossack Fonseca has demonstrated its keen understanding of the importance of building relationships based on the qualities outlined in its mission and core values.

About the Firm: The Mossack Fonseca Group is a firm that provides exceptional legal, trust and investment consultancy to clients across the globe. Founded in 1977, the firm offers comprehensive services across every continent, specializing in international business structures, commercial law, wealth management and trust services.

For more information about us, please visit http://www.mossfon.com

Contact Info:
Name: Mossack Fonseca
Organization: Mossack Fonseca
Address: 54th Street, Marbella, Panama, Republic of Panama

Phone: (507) 205.5888​

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​Mossack Fonseca Inaugurates Lactation Room / General Forum / Mossack Fonseca

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Mossack Fonseca's commitment to social responsibility continues with the recent inauguration of a lactation room located on its premises designed for the benefit of the many mothers working for the company.

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Mossack Fonseca: Integración laboral de personas con discapacidad
en Panamá

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Mossack Fonseca: Integración laboral de personas con discapacidad
en Panamá

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Mediante Decreto de Gabinete 221, de 18 de noviembre de 1971, con el propósito que todo el que trabaja merece por su contribución los beneficios recibidos por su empleador, se estableció el Décimo Tercer Mes, como retribución especial a los trabajadores.

La situación de discapacidad en el mundo sobrepasa el ámbito de la salud, constituyéndose en un reto evidentemente social, ya que de acuerdo con la Organización de Naciones Unidas (ONU), se estima que la décima parte de la humanidad presenta alguna discapacidad. Es por esto que la integración activa a la sociedad de las personas que sufren esta situación se ha constituido en un tema prioritario.

Las personas con discapacidad conforman un grupo vulnerable y numeroso, al que el modo en que se estructura y funciona la sociedad ha mantenido habitualmente en conocidas condiciones de exclusión.

El 3 de diciembre de cada año se conmemora el Día Internacional de las Personas con Discapacidad, con el objetivo de crear conciencia de que dentro de nuestra sociedad convive un grupo de personas que apela por una efectiva y plena inclusión en igualdad de condiciones con el resto de la humanidad.

Específicamente en Panamá -de acuerdo con la Primera Encuesta de Prevalencia de la Discapacidad, Pendis 2006- el 11,3% de la población presenta alguna discapacidad. Se han identificado en Panamá seis tipos de discapacidad principales: Ceguera, sordera, retraso mental, parálisis cerebral, deficiencia física y problemas mentales. De estos, prevalecieron la deficiencia física (30,1%) y la ceguera (22,0%).

Es por esta razón que el Estado ha implementado una serie de normas inclusivas a las personas con discapacidad, entre las que cabe mencionar: La Ley No. 42 de 27 de agosto de 1999, “Por la cual se establece la equiparación de oportunidades para las personas con discapacidad”, reglamentada por el Decreto Ejecutivo No. 88 de 12 de noviembre de 2002; la Ley No. 25 de 10 de julio de 2007, “Por la cual se aprueban la Convención sobre los Derechos de las Personas con Discapacidad y el Protocolo Facultativo de la Convención sobre los Derechos de las Personas con Discapacidad, adoptados en Nueva York por la Asamblea General de la ONU el 13 de diciembre de 2006”; y La Política de Discapacidad de la República de Panamá de 2009.

Como nosotros en Facebook, Mossack Fonseca (Official)

Derecho al trabajo de las personas discapacitadas

Según la Ley No. 42 de 27 de agosto de 1999 las personas con discapacidad tienen derecho a optar por un empleo productivo y remunerado, en igualdad de condiciones. Las políticas y programas de contratación y ascenso, condiciones de empleo, tasas de remuneración, ambiente laboral y de reinserción de los trabajadores lesionados en accidentes laborales, deben ser equitativos. En los casos en que las personas con discapacidad apliquen para un puesto de trabajo en igualdad de calificaciones, estas deberán ser consideradas prioritariamente para ocupar la posición.

El trabajador cuya discapacidad haya sido diagnosticada por autoridades competentes, tendrá derecho a permanecer en su puesto de trabajo, y de no poder ejercerlo, a que se tomen las medidas para lograr su readaptación profesional u ocupacional. De igual forma, tendrá derecho a la adaptación del puesto de trabajo que ocupa dentro de la empresa o institución. Cuando el puesto de trabajo no pueda ser readaptado, el trabajador deberá ser reubicado de acuerdo con sus posibilidades y potencialidades, sin menoscabo de su salario.

Todo empleador que tenga cincuenta (50) trabajadores o más, contratará y/o mantendrá trabajadores con discapacidad, debidamente calificados, en una proporción no inferior al dos por ciento (2%) de su personal, los cuales deberán recibir un salario igual al de cualquier otro trabajador que desempeñe la misma tarea dentro de la institución o empresa.

Las instituciones o empresas que se nieguen a contratar y/o mantener el dos por ciento (2%) del personal con discapacidad, debidamente calificado para trabajar, estarán obligadas a aportar, al Ministerio de Trabajo y Desarrollo Laboral, una suma igual al salario mínimo por cada persona dejada de contratar, durante todo el tiempo que dure su renuencia.

Beneficios fiscales en la contratación de personas con discapacidad

El parágrafo segundo del Artículo 23 del Decreto Ejecutivo No. 170 de 27 de octubre de 1993 establece: El contribuyente podrá deducir el doble del salario devengado por los trabajadores discapacitados a su servicio, hasta un importe máximo de seis (6) meses de salario del discapacitado en cada año fiscal. Si el trabajador discapacitado presta servicios durante menos de seis (6) meses en un mismo año fiscal, el contribuyente podrá deducir como gasto el salario mensual efectivamente devengado por el trabajador y una suma adicional equivalente a dicho salario mensual. Para tener derecho a esta deducción adicional, el contribuyente deberá cumplir con los requisitos establecidos en el Decreto Ejecutivo No. 88 de 7 de junio de 1993.

El Decreto Ejecutivo No. 88 arriba citado establece que, a los efectos de aplicar el beneficio fiscal, el empleador deberá solicitar al trabajador o directamente al Ministerio de Trabajo y Desarrollo Laboral, una certificación que acredite que el trabajador contratado se encuentra inscrito en el Registro del Servicio de Colocación de Discapacitados, la cual deberá ser adjuntada a la Declaración de Rentas del contribuyente.

Las empresas que se acojan al beneficio fiscal arriba indicado podrán reducir su renta neta gravable al restar dichos beneficios o deducciones adicionales de sus ingresos gravables.

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Extraordinary Features on Mossack
Fonseca

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Extraordinary Features on Mossack
Fonseca

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Experience since 1977

24-hour service  available from our Panama Head Office

A powerful global network of offices in all continents

More than 500 staff members worldwide

Panama’s first and only ISO 9001 certified law firm

We follow strict Due Diligence requirements

Secure technology platform with “VeriSign” encryption and Central Bank standards

Proactive search for solutions in changing business environments

Exclusive Client Portal

Find updated information on your Company Formation requests.

Follow up on your cases and receive notifications by email whenever one of your cases is updated.

Consult your price lists.

Pay your outstanding invoices

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Extraordinary Features on Mossack Fonseca

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Panama
Named Best Place to Retire in 2016 by Mossack Fonseca

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Panama
Named Best Place to Retire in 2016 by Mossack Fonseca

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International Living has once again published their survey and Panama was at the top of the list for places to retire in the world.

In Panama, a retired American couple can live on the beach and eat farmer’s market fruits and vegetables all year-round, without sacrificing the conveniences and amenities of home for $1,500 a month — all in.

The cost of living is low compared to the quality of life in Panama, which is why the Central American country was named the best place to retire in International Living’s Annual Global Retirement Index for 2016.

Already home to 50,000 US expats, Panama topped the index after raking in top scores across 10 categories including: buying and renting property, visas and residence, cost of living, environment and amenities, health care, infrastructure, and climate.

The list was compiled after consulting a team of correspondents, editors and retirees around the world.

New this year, voters were also asked to weigh in on two added categories which have emerged as important issues for expat retirees: healthy lifestyle and visas and residence.

Couples interviewed for the index raved about their new life in Panama, where the sweet life is described as not only cheaper, but simpler and stress-free.

“We’re healthier and living a better lifestyle here than we ever did in the U.S.,” says expat Mitzi Martain, who has lived on her farm near Santa Fe, Panama for nearly the last nine years.

Added Connie and Mikkel Moller who have been in Panama since 2012: “Our stress level is 10 percent of what it used to be.”

Utilities are a fraction of what retirees are used to paying back in the US, clocking in at around $100 a month for electricity, water, internet, cellphone cards, and trash pickup and allowing renters to live happily on $1,500 a month.

That can be slashed by up to half for couples who own their own property.

“In Panama’s capital I have the best of both worlds,” said IL Panama Editor Jessica Ramesch.

“There’s a growing cultural and arts scene…opera showcases, art exhibit openings and handicraft festivals… [And] there are so many new restaurants every week, I stopped trying to keep track.”

Here are the top 10 places to retire according to International Living’s Global Retirement Index 2016:

1. Panama
2. Ecuador
3. Mexico
4. Costa Rica
5. Malaysia
6. Colombia
7. Thailand
8. Nicaragua
9. Spain
10. Portugal

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Panama Named Best Place to Retire in 2016 by Mossack Fonseca

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Mossack Fonseca Group Distributes Holiday Cheer

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Mossack Fonseca Group Distributes Holiday Cheer

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This article was originally distributed via SproutNews. SproutNews, WorldNow and this Site make no warranties or representations in connection therewith.

Mossack Fonseca’s consistent engagement in community service efforts continued throughout the holiday season in Llano Largo, Panama, where the company distributed holiday baskets outfitted with clothing, food and toys to residents of the community.

Panama, Republic of Panama – January 14, 2016 /PressCable/ — On Friday, December 12, 2015, Mossack Fonseca’s commitment to corporate social responsibility and community service was again on full display. In keeping with its longstanding tradition of supporting communities throughout Panama, company representatives from Mossack Fonseca distributed holiday  baskets filled high with food, clothing, and toys to each family living in the rural community of Llano Largo, Panama. Throughout the holiday season, the company has sought to connect with community members and to demonstrate its commitment to service and goodwill to society as a whole.

It was a joyous occasion for all, but the representatives from the company made it quite clear that the opportunity to interact with community members and to give back in this way was a particularly gratifying experience. While several of the company’s representatives overheard residents as they exclaimed with awe, “Never have we seen baskets filled with so much — many thanks!” the representatives were quick to express their own gratitude for the support shown by the community throughout the time Mossack Fonseca has made Panama home to its main offices.

Mossack Fonseca’s community service efforts do not end at the close of the holiday season, as the company believes in the importance of offering its support to community members regardless of the time of year. Since its founding in 1977, Mossack Fonseca has always sought to provide its legal, accounting and trust services responsibly and in a manner in which everyone — clients, staff members, shareholders and society at large — is able to experience a highly beneficial outcome.

The Mossack Fonseca Group is dedicated to its multi-dimensional corporate social responsibility program, which has been partly inspired by the level of support the company continues to receive from local communities throughout Panama. Through volunteer work and donations, the company focuses on a wide range of concerns including health, education, culture, the environment, and especially children’s issues. The company’s continued efforts in this regard reflect the sincerity of Mossack Fonseca’s core values, which includes loyalty, commitment, and responsibility, among a number of other core principles.

For more information about us, please visit www.mossfon.com

Contact Info:
Name: Craig Edward
Organization: Mossack Fonseca
Address: 54th Street, Marbella, Panama, Republic of Panama
Phone: (507) 205.5888

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Video Release -- Eduardito Visits Mossack Fonseca

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Video Release -- Eduardito Visits Mossack Fonseca

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PANAMA CITY, Panama, Dec. 5, 2014 (GLOBE NEWSWIRE) -- Eduardito, the boy who is the symbol of the 20-30 Panama 2014 Telethon, recently toured Mossack Fonseca's main office in Panama. During his visit, all of the staff was impressed by Eduardito's cheerfulness and optimism.

A video accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=29490.

Eduardito goes to the Buen Pastor de Canaán School in San Miguelito, where he is an energetic kindergartner who loves his classes. When he was one month old, he was diagnosed with Type B Meningococcemia and, as a result, both of his hands and legs had to be amputated. Despite this tragedy, Eduardito is a happy and eager boy and his determination is an example for all of us.

This year, the 20-30 Telethon is raising funds in order to equip and create new departments at the National Physical Medicine and Rehabilitation Institute (PM&RI). There is limited room at the PM&RI, which makes it difficult to attend to the growing number of patients in the child and adult physiotherapy departments. This has limited the PM&RI's acquisition of modern equipment required for such rehabilitation.

The Mossack Fonseca Group (Panama) welcomed Eduardito affectionately and showered him with gifts. The staff also donated to the cause that he represents on behalf of thousands of children.

The Mossack Fonseca Group is proud to sponsor activities that contribute to the welfare of Panamanian children with special needs, as well as activities to support different organizations that share our vision of enhancing and developing our country.

Like us on Facebook, Mossack Fonseca (Official)

Lexa de Wittgreen
Marketing Communications Manager
54th E. Street, Panama
Tel. +507 205 5888 ext 377

Read this article here.

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Video Release -- Eduardito Visits Mossack Fonseca

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PANAMA CITY, Panama, Dec. 5, 2014 (GLOBE NEWSWIRE) -- Eduardito, the boy who is the symbol of the 20-30 Panama 2014 Telethon, recently tour...

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​Your information has never been safer than with Mossack Fonseca's secure Client Portal.

To ensure we can provide our clients with the most secure and up-to-date protection available, we house all of our servers in-house. Our Client Portal encryption certificates use the most powerful secure socket layer (SSL) encryption commercially available today.

VeriSign is one of the most recognizable Internet security providers, and offers the strongest encryption available with the most rigorous authentication standards.

Mossack Fonseca has always provided our clients with the most secure technology available and we join the 95% percent of Fortune 500 companies as well as the world's 40 largest banks who rely on this technology to keep client information protected.

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Administrative
Services of Mossack Fonseca & Co.

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Administrative
Services of Mossack Fonseca & Co.

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Preparation of accounts, financial records, financial statements and tax returns.

Registered Agent Service, Directors and provision of physical office space.

Maintenance of legal documents and corporate records.

Compliance with local and international laws in the jurisdictions where operations.

Continuous customer in relation to methods of notification and information for each case or proceeding having us link.

Virtual Office Service

Opening bank account

We assist our clients in opening bank accounts for individuals and companies. We closely follow the opening process for all necessary documentation is processed with maximum efficiency. Our independent banking advisers can also help you choose the most suitable and in the most appropriate place according to their individual needs bank.

The service includes opening bank accounts:

Assistance with the application for bank account in the most prestigious financial centers.

Deposit accounts with various interest rates

Current accounts

Brokerage accounts (stock brockerage accounts)

Credit and debit cards

Asset and fund management

Authorized signatory

All managed funds are subject to our risk controls.

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Administrative Services of Mossack Fonseca & Co.

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Mossack Fonseca Explains Changes to Panama’s Bearer Shares Regime

 

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Mossack Fonseca Explains Changes to Panama’s Bearer Shares Regime

 

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Bearer Share Custody System

The bearer share immobilization system was introduced in Panama by means of Law 47 of 6th August 2013 and was substantially amended by Law 18 of 23rd April 2015. Luis Quiel of Mossack Fonseca shall review here the most important aspects of the custody system, as modified by the most recent amendments.

Entry into Force is Moved Forward

Companies that were formed before 4th May 2015 have up to 31st December 2015 to delete from their articles of incorporation the possibility of issuing bearer shares or to deposit the bearer share certificates with an authorized custodian. The latter would require, either amending the articles of incorporation to expressly allow bearer shares under the custody system, or having such system approved in a board of directors minutes registered at the Public Registry.

If any company does not formally approve (before 31st December 2015) a decision to allow the immobilization of bearer share certificates, the bearer share certificates that it has issued shall be null and void by full right.

The deadline of 31st December 2015 applies only to companies formed before 4th May 2015. For bearer shares issued on or after 4th May 2015, the term expired on 4th August 2015.

Legal Consequences of Lack of Action

Articles of incorporation of companies that envisage the issuance of bearer shares and that have not been amended to provide for immobilization with authorized custodians (save if the decision was adopted through a board resolution duly registered at the Public Registry) will be deemed to have been amended by operation of law as of 1st January 2016. This will cause two important consequences for such companies: 1) bearer shares that are outstanding shall be irrevocably null and void, and 2) the company may not issue new bearer shares.

Immobilization or Custody System

To benefit from the bearer share custody system, certain requirements need to be complied with as follows:

1. Amendment of the articles of incorporation or registration of the decision of the corporation's board of directors before 31st December 2015, so as to envisage bearer shares in custody according to the system created by Law 47 of 2013 and Law 18 of 2015.

2. Deposit of the bearer share certificates with an authorized custodian.

3. The authorized custodian shall require a sworn statement from the shareholder that includes information allowing due identification of the owner of the bearer shares and the corporation's resident agent, including contact details.

The law provides for two kinds of authorized custodians: 1) local authorized custodians, and 2) foreign authorized custodians. The former may be banks holding a general license and trust companies authorized by the Panama Bank Superintendence (SBP―its initials in Spanish); brokerage houses and securities clearing houses authorized by the Securities Market Superintendence (SMV―its initials in Spanish); and attorneys at law certified as such by the Supreme Court of Justice.

Banks, trust companies, and financial intermediaries may be foreign authorized custodians if they hold a license for practicing their activities as set forth in jurisdictions that are members of the Financial Action Task Force (FATF) on Money Laundering or are associated members that are registered with the SBP on a special register that the latter keeps to such end.

Rights over Certificates in Custody

The ownership of shares in custody may be transferred without need for the physical delivery of the certificates, provided that the owner advises the custodian that he/she has made the transfer and that the acquirer submits a sworn statement to the custodian that includes the required information (name and identification data, as well as contact data).

The law provides, likewise, for an interesting pledge system that allows the creation of such encumbrance on bearer shares in custody, by the owner merely giving notice to the authorized custodian whereby he/she advises the pledging of the shares as well as the lienholder's full name, physical address, telephone number, and email address.

Lastly, a special inheritance disposition system has been created for bearer shares that allow owners to dispose mortis cause of their shares, without need for such shares to be the object of a probate process for their transfer upon the grantor's death.

Conclusion

As Luis Quiel of Mossack Fonseca has outlined, as of 1st January 2016, bearer shares that are not regulated by the custody system in accordance with Law 47 of 2013, as amended by Law 18 of 2015, shall be irrevocably null and void by operation of law. It is important to take provisions in time and to make corporate decisions in accordance with the formalities set by the law. Otherwise, the legal and financial consequences of the annulment of the rights inherent to such bearer shares may be quite costly.

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Mossack Fonseca: Administración de Fundaciones de Interés Privado

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Mossack Fonseca: Administración de Fundaciones de Interés Privado

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La fundación de interés privado es una forma única de persona jurídica que se asemeja en su estructura a una sociedad, pero actúa como un fideicomiso. Son entidades propias, reconocidas a nivel mundial sobre la base de los principios del derecho internacional privado.

La Fiduciaria Mossfon, S.A. ofrece una gama completa de servicios relacionados con estas fundaciones, entre ellos:

•Nombramiento de un Protector para salvaguardar los intereses de los beneficiarios.

•Elaboración e implementación de actas y reglamentos fundacionales.

•Preparación de los estados financieros a los beneficiarios.

•Enlace con los protectores, banqueros, asesores de inversión, abogados y asesores fiscales para garantizar la protección de los intereses de la fundación.

•Administración de activos y mantenimiento de la fundación y sus registros de conformidad con todas las obligaciones reglamentarias pertinentes a la jurisdicción de Panamá.

Características:

•La gestión y dirección de la Fundaciónserán ejecutadas por el “Consejo de Fundación”, en el cual sus miembros pueden ser personas naturales o jurídicas y pueden ser de cualquier nacionalidad. Este ente es más parecido a la “Junta Directiva” que a la figura del Fiduciario, y, por ende, no lleva las responsabilidades y obligaciones de la “Ley de Fideicomisos”.

•Es posible nombrar a un órgano de Fiscalización (Protector). El Protector o los Protectores pueden ser nombrados para supervisar/autorizar los actos y el proceder del Consejo de la Fundación.

•Una Fundación de Interés Privado Panameña es una entidad que tiene beneficiarios cuyos nombres no son de conocimiento público. La gestión, la atención y la distribución de los activos o de los intereses dimanantes de la misma son determinados a través de un “Reglamento” emitido de forma privada.

•Su personería jurídica se establece al crearse la Fundación en el Registro Público. El concepto de “Sham Trust” (por el cual un fideicomiso se considerará nulo) queda descartado.

•Se establece claramente un patrimonio separado. Como resultado de ello, la titularidad de los activos no puede ser atacada o impugnada una vez los activos han sido transferidos con éxito, a menos que dentro de los tres (3) años de haberse transferido los bienes se pueda demostrar que los mismos derivan de un acto criminal o fraudulento.

•Es usual crearlas para que tengan una existencia perpetua.

•A diferencia de la Ley de Fundaciones de Liechtenstein, la ley panameña no exige que ninguno de los miembros del Consejo de la Fundación resida en Panamá.

•Si se considera necesario, se pueden constituir fundaciones de interés privado en otras jurisdicciones.

Como nosotros en Facebook, Mossack Fonseca (Official)

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Mossack Fonseca: Administración de Fundaciones de Interés Privado / General Forum / Mossack Fonseca

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La fundación de interés privado es una forma única de persona jurídica que se asemeja en su estructura a una sociedad, pero actúa como un fideicomiso. Son entidades propias, reconocidas a nivel mundial sobre la base de los principios del derecho internacional privado. La Fiduciaria Mossfon, S.A.

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Mossack Fonseca Blogger Influencer Week
Promotes Copyright Protection in Panama

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Mossack Fonseca Blogger Influencer Week
Promotes Copyright Protection in Panama

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​The First Blogger Influencer Week Will Take Place from 27th February to 5th March 2016

PANAMA CITY, PANAMA--(Marketwired - December 01, 2015) - The Intellectual Property Division of the Mossack Fonseca Group will take part in the first Blogger Influencer Week as a leading company promoting the importance of a blog's content registration and copyright protection.

The organizers mainly seek to develop opportunities to enhance Panama as a tourist and business platform by promoting the talent of the most recognized, respected, and influential national and international bloggers.

"Panama City will once again play a leading role in an avant-garde event that is full of innovation with the first Blogger Influencer Week. As a leading company in our industry, we support these kinds of initiatives for the purpose of communicating and sharing the importance of copyright registration and protection," stated the head of the Mossack Fonseca Intellectual Property Division, Ms. Raquel Araúz.

Ms. Araúz added that they have expanded their suite of services, aka Multiple Intellectual Property Services (MIPS), to guarantee the complete protection of trademarks, patents, and copyrights-thereby avoiding the counterfeiting and imitation of their clients' products and services, both nationally and internationally.

The first Blogger Influencer Week will take place from 27th February to 5th March 2016 with various events to be held in the Republic of Panama. For more information regarding MIPS, please follow @mossfonmips in twitter using hashtag #CuidaTusIdeas.

CONTACT INFORMATION

Lexa de Wittgreen

Marketing Communications Manager

MOSSACK FONSECA & CO. (PANAMA)

Mossfon Building

54th E. Street, Panama

Tel. +507 205 5888 ext 377

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Mossack Fonseca Blogger Influencer Week Promotes Copyright Protection in Panama

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Mossack Fonseca: Exclusive Online Services

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Mossack Fonseca: Exclusive Online Services

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CLIENT INFORMATION PORTAL

The Mossack Fonseca Client Information Portal is a secure online account that enables you to access your corporate information anywhere and everywhere, with real-time updates of your ongoing requests.

Our exclusive online portal offers clients these features:

• FIND updated information on your Company Formation requests through the Case Information Service panel, as well as digital copies of Corporate and legal paperwork.

• FOLLOW UP on your cases and receive notifications by email whenever one of your cases is updated.

• SEARCH and RESERVE Shelf Companies online.

• VIEW your price lists.

• PAY your outstanding invoices

• REQUEST for certificates, reactivations and order forms

You can access all of these features from any place in the world in a safe environment in real time! Ask for your log in at:portal@mossfon.com

Find the following applications:

1. CASE INFORMATION SERVICE (CIS)

The Case Information Service (CIS) is a tool which tracks the progress of client requests and ongoing cases.

• The CIS enables you to:

• Contact our staff around the world

• View digital copies of documents as soon as they are received in our office

• Receive automatic email notifications every time one of your cases is updated (optional)

2. ONLINE PAYMENT SYSTEM (OPS)

Mossack Fonseca Client Information Portal offers a complete account management system where you can keep track of all your outstanding or paid invoices.

• The OPS will allow you to:

• Generate account statements with real-time information

• Pay your outstanding invoices online or by credit card

• Take advantage of our debit account application

• Choose our Batch Payment option that facilitates bank transfers and cheques for settlement of invoices

3. ELECTRONIC DELIVERY SERVICE (EDS)

Mossack Fonseca guarantees the most rapid and secure delivery system for your Annual Invoices and Account Statements. This Electronic Delivery System (EDS) eliminates delays due to the air-mail service. We avoid the use of paper, and it allows you to have more time to collect bills from your clients and send payments before deadlines.

4. ONLINE WORK REQUEST (OWR)

Through this new application you can access these documents easily and quickly, and all in one place!

• Incumbency Certificates

• Good Standing Certificates

• Reactivation of one or more companies

• Order Form

Discover these and other website features NOW! Subscribe us here!

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Mossack Fonseca: Exclusive Online Services / General Forum / Mossack Fonseca

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CLIENT INFORMATION PORTALThe Mossack Fonseca Client Information Portal is a secure online account that enables you to access your corporate information anywhere and everywhere, with real-time updates of your ongoing requests. Our exclusive online portal offers clients these features: * FIND updated information on your Company Formation requests through the Case Information Service panel, as well as digital copies of Corporate and legal paperwork.

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Social Responsibility of Mossack
Fonseca

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Social Responsibility of Mossack
Fonseca

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Social responsibility represents an important commitment for Mossack Fonseca and our affiliates. It is also a daily reminder about our responsibility towards society.

Every year we donate to various organizations that share our values and in so doing, we stretch out Mossack Fonseca’s helping hand. Through our Corporate Social Responsibility Program, we actively and voluntarily contribute to the positive development of human beings, especially those in dire need.

Learn about our work and share in our cause. The lens of the camera captures a fair image of what we do, but the impact of our work goes far beyond. Stretching out a helping hand and coming together to enhance the lives of other people is what motivates us to do more.

Mossack Fonseca is committed to helping communities, which is why our legal experts have provided legal assistance to many organizations, including:

Rotary Club of Boquete (Panama)

The British Aid Society

Aero Club of Panama

Kennel Club Foundation

Fundacion Confederation Canofila Panama

The World Bank

MOSSACK FONSECA HELPING HAND

Mossack Fonseca has a strong commitment to foster change where it is needed most. It is a way to remind ourselves daily about the responsibility we have towards society.

PIERO Rafael Martinez de la Hoz FOUNDATION

This organization provides emotional support to people and families who have lost loved ones through caregiving and educational programs. The Foundation seeks to create consciousness about the internal processes that take place, but are not always properly channeled, when people endure loss.

Its main purpose is to offer companionship, educate the community by disseminating information on how to confront grief, and offer training to different professionals to help them manage bereavement.

TOMATIS THERAPY AND STIMULATION FOUNDATION (fundet-TOMATIS)

The TOMATIS method owes its name to Dr. Alfred A. Tomatis, a French physician and researcher born in 1920. He was also a psychologist, speech language pathologist and a member of the French Academy of Sciences.

For him, listening was not the same as hearing because listening is affected by motivation and functional elements that depend on the will of the individual. Listening is far more than the passive act of registering sounds randomly.

In Panama, the Tomatis Therapy and Stimulation Foundation (FUNDET-TOMATIS) offers a wide range of programs for children and adults. The donations they receive enable them to offer free speech scholarships for Panamanian children who would not otherwise receive the timely and necessary help they require.

ART IN THE PARK FOUNDATION

Fundación Arte en el Parque is the first foundation from the city of Penonomé to promote artistic and cultural values in the province of Coclé and to create spaces and activities that also have an impact on cultural tourism. The VII Art in the Park Festival will serve as a forum for art in general and offer provincial artists an opportunity to make their talent known and present their works, thereby motivating emerging artists who also wish to participate. The Foundation is currently offering local Fine Arts scholarships and also conducts seminars and courses for the social and humanistic/liberal arts formation of artists and the general public.

SAINT JOSEPH PARISH FOUNDATION OF VALLE DE ANTÓN

Mossack Fonseca is pleased to cooperate with the work carried out by Fundación San Jose located in the Anton Valley, which responds to the basic needs of the local church and the neediest in the region, especially children. The projects being developed are focused primarily on social interest issues, education, health and cultural activities for children.

Foundation benefits include a library open to the public with more than 5000 volumes on diverse themes, as well as 30 computers with Internet access and open spaces for children and adolescents. The Foundation has also opened a Pastoral Health Home for the elderly which has its own grove to help feed them.

I am able FOUNDATION ("I AM CAPABLE" FOUNDATION)

From its inception, the Foundation’s mission has been to support individuals with autism. It also offers guidance to the public and to the families of those with this condition because if these individuals receive special care from an early age, they are capable of becoming a part of society.

Recent statistics show that 1 in every 88 children is affected by this condition and that 1 in every 54 is a boy. More than 50,000 people are stricken by autism in Panama, which is an alarming number for our society.

PANAMANIAN INSTITUTE FOR FAMILY EDUCATION – IPEF

The Panamanian Institute for Family Education is an organization accredited by the Ministry of Education which seeks to enrich the quality of life of the family, through meeting and dialogue spaces that encourage the exchange of knowledge and ideas. This organization seeks to provide each member of the family with the tools that will help them strengthen their relationships and develop their life projects.

Last June, the IPEF conducted the conference "Challenges of the XXI Century Family" and presented topics such as: Keys to Preventing Failure in the Educational Project and How to Strengthen the Self-Esteem and Identity of our Children.

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Social Responsibility of Mossack Fonseca

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Mossack Fonseca, Panama: Ship Registry up Despite Slowing Global
Economy

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Mossack Fonseca, Panama: Ship Registry up Despite Slowing Global
Economy

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While a local news organization has misinterpreted technical information regarding the Panama Maritime Authority (AMP), the AMP reports that 2015 has actually been a solid year for the Panama Ship Registry―despite headwinds from a slowing global economy. An AMP press release revealed the following:

• As per Lloyd’s Register of Ships, the Panama Ship Registry ranks # 1 in the world with over 8,100 registered vessels that comprise 218 million gross registered tons (GRT), representing 18% of the world’s merchant fleet.

• In the first 11 months of 2015, there was a net growth of over 350 vessels (flaggings minus deletions), which represents an increase of 136 vessels (62%) when compared with the same period in 2014.

• During the period of January to November 2015, 422 newly constructed ships were registered in the Panama Ship Registry compared to 413 during the same period in 2014. This increase represents, in terms of GRT, almost a million tons (700,000 tons).

• The AMP estimates that the Panamanian fleet will add almost 600 newly constructed vessels over the next five years (2016-2020).

Who is Mossack Fonseca?

The AMP press release went on to indicate that they are guided by business strategies based on four pillars: (i) security and prevention; (ii) sustainability; (iii) registration; and (iv) business. They stressed that their business strategies are based on carefully considered, scientific analyses of all relevant aspects of the shipping industry.

Like Our Facebook Page Mossack Fonseca (Official)

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Mossack Fonseca | Flickr - Photo Sharing!

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Panama Ship Registry?despite headwinds from a slowing global economy. An AMP press release revealed the following: * As per Lloyd's Register of Ships, the Panama Ship Registry ranks # 1 in the world with over 8,100 registered vessels that comprise 218 million gross registered tons (GRT), representing 18% of the world's merchant fleet.

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​Mossack Fonseca at UK Territories: Beneficial Owner Info to Stay Put

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​Mossack Fonseca at UK Territories: Beneficial Owner Info to Stay Put

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On 1 and 2 December 2015, the political leaders and representatives of the UK and its 14 Overseas Territories met in London to discuss financial services, international co-operation in tax matters, beneficial ownership, and other matters.

According to a communiqué released by the UK Joint Ministerial Council, all of the Overseas Territories agreed to the following:

• A full commitment to international co-operation in tax matters, and to fight against money laundering, tax evasion, illicit finances, and corruption.

• Adherence to bilateral and multilateral agreements, implementation of the FATF standards, and enforcing legal instruments in everyday practice.

• A commitment to sustaining successful international finance centres.

• Acknowledgement of the importance of bilateral engagement on matters affecting Territories’ financial services sectors.

• Beneficial ownership information will be held in their respective jurisdictions via central registers or similarly effective systems―this is in sharp contrast to the original proposal by Britain that all such information be transmitted to a central registry located in and controlled by the UK.

They discussed the details of how the financial control and compliance systems above should be implemented, and agreed that addressing those issues would be given the highest priority and kept under continuous and close review.

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Mossack
Fonseca Group on BVI: Removed from French Non-Cooperative List

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Mossack
Fonseca Group on BVI: Removed from French Non-Cooperative List

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On December 21, 2015, the French Minister of Finance and Public Accounts announced that they had removed BVI from their list of non-cooperative jurisdictions. The French minister indicated that BVI had been very cooperative with France and positively responded to almost all recommended changes.

BVI Premier and Minister for Finance, Dr the Honourable D. Orlando Smith, OBE said, “The Government of the Virgin Islands is pleased with this positive step from France which demonstrates our commitment to exchange of information and also demonstrates our compliance with the international standards”.

The announcement comes after the progress made in BVI was also recognised by the Global Forum on Tax Transparency and Exchange of Information for Tax Purposes in August 2015 which upgraded the Territory’s non-compliant rating to ‘largely compliant’.

Mossack Fonseca & Co.

Established in 1977, the Mossack Fonseca Group is a leading global company which provides comprehensive legal, trust and accounting services.​

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Mossack Fonseca Group on BVI: Removed from French Non-Cooperative List On December 21 2015 the French Minister of Finance and Public Accounts announced that they had removed BVI from their list of non-cooperative jurisdictions. The French minister indicated that BVI had been very cooperative with France and positively responded to almost all recommended changes. BVI Premier and Minister for Finance Dr the Honourable D. Orlando Smith OBE said "The Government of the Virgin Islands is pleased with this positive step from France which demonstrates our commitment to exchange of information and also demonstrates our compliance with the international standards". The announcement comes after the progress made in BVI was also recognised by the Global Forum on Tax Transparency and Exchange of Information for Tax Purposes in August 2015 which upgraded the Territory‟s non-compliant rating to „largely compliant‟. Mossack Fonseca Co. Established in 1977 the Mossack Fonseca Group is a leading global company which provides comprehensive legal trust and accounting services.

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Mossack Fonseca Group on BVI: Removed from French Non-Cooperative ..

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Mossack Fonseca Group on BVI: Removed from French Non-Cooperative List On December 21 2015 the French Minister of Finance and Public Accounts announced that they had removed BVI from their list of non-cooperative jurisdictions. The French minister indicated that BVI had been very cooperative with France and positively responded to almost all recommended changes.

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Mossack Fonseca: Reconocimientos & Logros

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Mossack Fonseca: Reconocimientos & Logros

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PRIMERA EMPRESA DE SERVICIOS LEGALES CERTIFICADA EN ISO 9001

Mossack Fonseca & Co. es la primera y única empresa de servicios legales certificada por la Norma ISO 9001:2008 en la República de Panamá. La misma recibió la nueva certificación del sistema de gestión de calidad global de la SGS, entidad de certificación acreditada bajo el aval del Servicio de Acreditación del Reino Unido (UKAS por sus siglas en inglés) y el Instituto Nacional de Normalización Estadounidense (ANAB por sus siglas en inglés).

La Norma ISO 9001:2008 es una norma internacional, basada en los criterios elaborados por la Organización Internacional de Estandarización (ISO por sus siglas en inglés) y utilizada en organizaciones como el referente mundial para garantizar la capacidad de una organización de satisfacer los requerimientos de calidad y mejorar sus procesos para así obtener la satisfacción del cliente. Mossack Fonseca & Co. Ha adoptado la Norma ISO 9001:2008 con el fin de que su desempeño pueda orientarse, estructurada e integralmente, hacia el camino de la excelencia.

La norma ISO 9001:2008, formal e independientemente reconoce una política que ya es parte integral del enfoque de Mossack Fonseca & Co para hacer negocios, donde la excelencia en los servicios legales es una prioridad.

Vea nuestras certificaciones de calidad ISO 9001:2008.

MEMBRESÍAS Y ASOCIACIONES

El Grupo Mossack Fonseca se enorgullece en formar parte de las más prestigiosas asociaciones internacionales de la industria.

Subscripciones:

Economist.com London, Editorial Marcasur, Informa Uk, Martindale Hubbel LexisNexis, Nueva Prensa Financiera, Money laundering, Law Business Research London, Justis Publishing.

Ver lista de miembros

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Mossack Fonseca: Reconocimientos & Logros / General Forum / Mossack Fonseca

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PRIMERA EMPRESA DE SERVICIOS LEGALES CERTIFICADA EN ISO 9001 Mossack Fonseca & Co. es la primera y única empresa de servicios legales certificada por la Norma ISO 9001:2008 en la República de Panamá.

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Mossack Fonseca Panama: FATF will Review for
Removal from Grey List

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Mossack Fonseca Panama: FATF will Review for
Removal from Grey List

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The Financial Action Task Force (FATF) will conduct a "review in place" in Panama from 12-14 January 2016. A successful outcome is crucial for Panama to leave the list of non-cooperative countries with regard to the prevention of money laundering and terrorist financing. If Panama is deemed compliant with FATF standards, they will be removed from the list in February 2016.

The FATF put Panama on the list in June 2014 after an unfavourable report by the International Monetary Fund (IMF). The country then adopted an action plan that included the amendment of five laws and reporting requirements with regard to suspicious transactions.

Panama aims to pass the review which, in addition to being beneficial to their financial system, would be an extraordinary achievement in such a short period of time.

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El Grupo Mossack Fonseca, un negocio operado de forma exitosa y profesional desde hace más de 35 años, completó una transición interesante para convertirse en lo que es hoy, un gran Grupo de empresas de alcance global.

La implementación del gobierno corporativo en la organización responde al objetivo de ofrecer la confianza y seguridad a nuestros clientes de que sus activos estarán protegidos a lo largo del tiempo. La introducción de un Director General o CEO y la implementación de nuevas estructuras operativas facilitan la continuidad del negocio por las siguientes generaciones.

Utilizamos programas de mejoramiento continuo de los procesos y trabajamos con las mejores herramientas tecnológicas del mercado en el modelamiento y la automatización de los procesos. Hemos adoptado un Sistema de Gestión Empresarial que garantiza que el Grupo Mossack Fonseca continuará apegándose a las normas éticas y a las mejores prácticas legales, las cuales incluyen la rendición de cuentas, la transparencia y la equidad. Como empresa mundial con un Gobierno Corporativo bien organizado, Mossack Fonseca espera garantizar el éxito de sus clientes a largo plazo.

La estructura del gobierno corporativo nos ayuda a reducir costos, prevenir riesgos, permite identificar los problemas y las oportunidades estratégicas que tenemos para mejorar los procesos. Todo esto redunda en un mejor servicio para nuestros clientes.

Mossack Fonseca & Co. - Perfil de oficina

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Mossack Fonseca Firma Convenio del Programa “Mi Escuela
Primero”

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Mossack Fonseca Firma Convenio del Programa “Mi Escuela
Primero”

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Mossack Fonseca, como empresa socialmente responsable, tiene el honor de formar parte activa del Programa “Mi Escuela Primero”, que lleva el Ministerio de Educación (MEDUCA) Panamá.

Hoy se realizó la firma de este importante convenio, en el cual Mossack Fonseca se compromete a proveer al Centro Educativo Básico General El Valle los trabajos de reparación y adecuación necesarios para el correcto funcionamiento de la escuela.

Nuestros colaboradores tambien se suman a la iniciativa apoyando esta causa en beneficio de la educación en Panamá.​

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Mossack Fonseca Promoviendo La Lactancia Materna

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Mossack Fonseca Promoviendo La Lactancia Materna

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En Panamá solo el 21.5% de los bebés alcanza la lactancia exclusiva hasta los 6 meses de nacidos, según reveló el Ministerio de Salud.

Muchas madres, una vez se reincorporan a sus puestos de trabajo a eso de los 3 meses de haber dado a luz— optan por dejar de amamantar a sus bebés debido a lo complicado que les resulta extraer la leche u ordeñarse; no hay, en las oficinas, un espacio para hacerlo cómodamente. Es por ello, que con el objetivo de alargar el tiempo de que el bebé se alimente de la leche materna, la empresa Mossack Fonseca decidió crear un Cuarto de Lactancia que cuenta con todo lo necesario para que sus colaboradoras puedan ordeñarse y guardar la leche para que sus hijos sigan recibiendo todos los nutrientes que esta les da.

Como empresa socialmente responsable, Mossack Fonseca tuvo la oportunidad de inaugurar en sus instalaciones, el Cuarto de Lactancia para beneficio de las madres de la empresa, preocupándose por la salud de los bebés y colaborando para que el lazo afectivo entre madre e hijo se mantenga a pesar de las responsabilidades laborales.

Mossack Fonseca mantiene una alianza con la compañía Pigeon, la cual trabajó de la mano para desarrollar este hermoso proyecto propiciándole todos los insumos necesarios que provee la marca. Las madres gozarán de un agradable espacio, el cual contará con mobiliario especial para atenderlas, así como modernos equipos entre ellos una nevera, una esterilizadora a vapor para microondas, protectores para lactancia de Pigeon y Lansinoh, bolsitas para almacenar la leche de Lansinoh, guías de consejos y catálogos de productos de Pigeon.

“En la empresa se cuenta con una tasa de participación femenina del 69%, siendo la mayoría de la fuerza laboral, es por ello que nos preocupamos por su bienestar con la creación de espacios adecuados para fomentar la lactancia materna dentro de la empresa. La leche materna protege al infante contra enfermedades como diarrea, alergias, resfriados e infecciones de oído, dado que es la mejor opción de alimentación para el bebé y contiene todos los nutrientes requeridos”, explicó Susana Fonseca, Coordinadora de RSE de Mossack Fonseca.

Con esta iniciativa, Mossack Fonseca se une al grupo de empresas que fomentan la lactancia materna, creando espacios para esta noble actividad, y al mismo tiempo evidencia el alto compromiso orientado a ayudar a las colaboradoras para que puedan desarrollar sus actividades en un ambiente que garantice las mejores condiciones laborales, pensando en su condición de madre lactante.

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Mossack Fonseca Promoviendo La Lactancia Materna / General Forum / Mossack Fonseca

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En Panamá solo el 21.5% de los bebés alcanza la lactancia exclusiva hasta los 6 meses de nacidos, según reveló el Ministerio de Salud. Muchas madres, una vez se reincorporan a sus puestos de trabajo a eso de los 3 meses de haber dado a luz- optan por dejar de amamantar a sus bebés debido a lo complicado que les resulta extraer la leche u ordeñarse; no hay, en las oficinas, un espacio para hacerlo cómodamente.

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Mossack
Fonseca Panama: Moody’s Affirms Investment Grade Rating

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Mossack
Fonseca Panama: Moody’s Affirms Investment Grade Rating

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On December 1, 2015, Moody’s Investors Service affirmed Panama’s Baa2 (investment grade) issuer and senior unsecured ratings, as well as (P) Baa2 shelf ratings. Moody’s based their rating affirmation on Panama’s continued strong economic performance and fiscal metrics that remain in line with its Baa peers.

Moody’s reported the following factors as the major drivers of their rating decision:

• GDP growth averaged 7.3% in 2012-14, which is well above the Baa group median of 2.9% during the same period

• A well-developed services sector, accounting for about 79 percent of GDP, includes services such as the Panama Canal, banking, the Colon Free Zone, insurance, container ports, and air transportation

• Panama does not rely on commodities like other regional peers, making it largely resilient to market volatility

• Panama's economic performance has been driven by infrastructure investment that amounted to 47% of GDP in 2014

• Panama's debt metrics remain below the Baa median, which stood at 40% of GDP last year

• Panama’s debt affordability, as measured by the ratio of interest payments to government revenues, is aligned with its Baa peers

Moody’s rating action report indicates that Panama’s Baa2 rating could be upgraded in 12-18 months if the government demonstrates fiscal discipline by adhering to their Social and Fiscal Responsibility Law that caps deficit spending.

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Mossack Fonseca Inaugura Cuarto de Lactancia

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Mossack Fonseca Inaugura Cuarto de Lactancia

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Como empresa socialmente responsable, Mossack Fonseca recientemente tuvo el placer de inaugurar en sus instalaciones el Cuarto de Lactancia para beneficio de las madres de la empresa,preocupándose por la salud de los bebés y colaborando para que el lazo afectivo entre madre e hijo se mantenga a pesar de las responsabilidades laborales.

Mossack Fonseca mantiene una alianza con la compañía Pigeon, la cual trabajó de la mano para desarrollar este hermoso proyecto propiciándole algunos insumos necesarios que provee la marca.

La empresa cuenta con una fuerza laboral femenina del 69%, es por ello que se preocupa por el bienestar de sus colaboradoras a través de la creación de espacios adecuados para fomentar la lactancia materna dentro de la empresa.

Con esta iniciativa, Mossack Fonseca se une al grupo de empresas que promueven la lactancia materna dentro de su organización. Lee este artículo aquí.

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Mossack Fonseca | Flickr - Photo Sharing!

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Como empresa socialmente responsable, Mossack Fonseca recientemente tuvo el placer de inaugurar en sus instalaciones el Cuarto de Lactancia para beneficio de las madres de la empresa, preocupándose por la salud de los bebés y colaborando para que el lazo afectivo entre madre e hijo se mantenga a pesar de las responsabilidades laborales.

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Mossack Fonseca on Jersey’s Change Programme:
Effects on Firms & Entities

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Mossack Fonseca on Jersey’s Change Programme:
Effects on Firms & Entities

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On November 23, 2015, the Jersey Financial Services Commission (JFSC) released a white paper that outlines the way it will regulate firms in the future and how entities will interact with them going forward.

The JFSC’s Change Programme is their response to the rapid growth of global regulation, volatile financial markets, and increased competition from other financial centres, and the potential rewards for timely and effective innovation.

The JFSC’s stated objective is: “to deliver balanced, progressive, risk-based financial regulation for Jersey, built on insight, integrity and expertise”. They are targeting five areas in order to achieve their goals:

1. Improved risk awareness and management

2. Enhanced authorization and supervision

3. Better information management

4. E-enablement

5. An enhanced people strategy

The JFSC indicated that additional announcements will be made as the Change Programme is phased in over the coming months.

For details, please visit the JFSC website at: Jersey's Change Programme

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Mossack Fonseca, Cayman: Premier Rejects UK Request for BO
Information

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Mossack Fonseca, Cayman: Premier Rejects UK Request for BO
Information

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Alden McLaughlin, the premier of the Cayman Islands, has denied the UK’s request for direct access by its law enforcement agencies to beneficial ownership (BO) information in the Cayman Islands.

Premier McLaughlin indicated in his 26 November 2015 Premier's Statement on Beneficial Ownership: “The information concerned does not belong to the Cayman Islands Government. It is the property of the owners of the respective legal entities. Further, as far as we are aware, there is no country in the world that allows unrestricted access to beneficial ownership information by the law enforcement agencies of another country”.

The Premier made it clear that there is already an effective process that allows overseas law enforcement authorities to access beneficial ownership information. He stated that the process is carefully administered to ensure legality, accuracy, and compliance with existing global standards.

The Premier summarized his statement as follows:

1. We will not agree to a public register unless and until that becomes the global standard and all of our competitors also subscribe to that standard.

2. We will not agree to unfettered access to Cayman Islands beneficial ownership information by external law enforcement, tax or regulatory authorities. Requests for such information must continue to meet established criteria and be dealt with by the relevant Cayman Islands authorities established for that purpose and approved as being in accordance with global standards.

Source: Cayman Islands Government: Premier's Statement

Mossack Fonseca & Co. - Office Profile

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Mossack Fonseca, Cayman: Premier Rejects UK Request for BO
Information

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Mossack Fonseca, Cayman: Premier Rejects UK Request for BO
Information

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Alden McLaughlin, the premier of the Cayman Islands, has denied the UK’s request for direct access by its law enforcement agencies to beneficial ownership (BO) information in the Cayman Islands.

Premier McLaughlin indicated in his 26 November 2015 Premier's Statement on Beneficial Ownership: “The information concerned does not belong to the Cayman Islands Government. It is the property of the owners of the respective legal entities. Further, as far as we are aware, there is no country in the world that allows unrestricted access to beneficial ownership information by the law enforcement agencies of another country”.

The Premier made it clear that there is already an effective process that allows overseas law enforcement authorities to access beneficial ownership information. He stated that the process is carefully administered to ensure legality, accuracy, and compliance with existing global standards.

The Premier summarized his statement as follows:

1. We will not agree to a public register unless and until that becomes the global standard and all of our competitors also subscribe to that standard.

2. We will not agree to unfettered access to Cayman Islands beneficial ownership information by external law enforcement, tax or regulatory authorities. Requests for such information must continue to meet established criteria and be dealt with by the relevant Cayman Islands authorities established for that purpose and approved as being in accordance with global standards.

Source: Cayman Islands Government: Premier's Statement

Mossack Fonseca & Co. - Office Profile

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mossack fonseca & co. (panama) head office

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mossack fonseca & co. (panama) head office

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mossack fonseca & co. (panama) headquarters

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mossack fonseca & co. panama head office

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mossack fonseca & co. panama headquarters

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mossack fonseca and co. (panama) head office

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mossack fonseca and co. (panama) headquarters

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Mossack Fonseca & Co. (Panama) Head Office

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See 75 photos from 171 visitors about fonseca group, mossack fonseca on panama, and switzerland. "With Mossack Fonseca, I know every month that my..."

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Mossack Fonseca, Cayman: Premier Rejects UK Request for BO
Information

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Mossack Fonseca, Cayman: Premier Rejects UK Request for BO
Information

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Alden McLaughlin, the premier of the Cayman Islands, has denied the UK’s request for direct access by its law enforcement agencies to beneficial ownership (BO) information in the Cayman Islands.

Premier McLaughlin indicated in his 26 November 2015 Premier's Statement on Beneficial Ownership: “The information concerned does not belong to the Cayman Islands Government. It is the property of the owners of the respective legal entities. Further, as far as we are aware, there is no country in the world that allows unrestricted access to beneficial ownership information by the law enforcement agencies of another country”.

The Premier made it clear that there is already an effective process that allows overseas law enforcement authorities to access beneficial ownership information. He stated that the process is carefully administered to ensure legality, accuracy, and compliance with existing global standards.

The Premier summarized his statement as follows:

1. We will not agree to a public register unless and until that becomes the global standard and all of our competitors also subscribe to that standard.

2. We will not agree to unfettered access to Cayman Islands beneficial ownership information by external law enforcement, tax or regulatory authorities. Requests for such information must continue to meet established criteria and be dealt with by the relevant Cayman Islands authorities established for that purpose and approved as being in accordance with global standards.

Source: Cayman Islands Government: Premier's Statement

Mossack Fonseca & Co. - Office Profile

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Mossack Fonseca, Cayman: Premier Rejects UK Request for BO
Information

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Mossack Fonseca, Cayman: Premier Rejects UK Request for BO
Information

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Mossack Fonseca – China on IMF Admits Chinese
Renminbi to SDR Basket

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Mossack Fonseca – China on IMF Admits Chinese
Renminbi to SDR Basket

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(Mossack Fonseca) - On November 30, 2015, the International Monetary Fund (IMF) admitted China’s renminbi (RMB), also known as the Yuan, into the Special Drawing Rights (SDR) basket of currencies. Effective October 1, 2016 the RMB will be a freely usable currency and will be included in the SDR basket as a fifth currency, along with the U.S. dollar, the euro, the Japanese yen and the British pound. Launching the new SDR basket on October 1, 2016 will provide sufficient lead time for the Fund, its members and other SDR users to adjust to the change, according to an IMF press release.

The following weights have been established for each of the five currencies in the new SDR basket that will take effect on October 1, 2016:

• U.S. dollar 41.73 percent (compared with 41.9 percent at the 2010 Review)

• Euro 30.93 percent (compared with 37.4 percent at the 2010 Review)

• Chinese renminbi 10.92 percent

• Japanese yen 8.33 percent (compared with 9.4 percent at the 2010 Review)

• Pound sterling 8.09 percent (compared with 11.3 percent at the 2010 Review)

The Role of the SDR

The SDR was created by the IMF in 1969 as a supplementary international reserve asset, in the context of the Bretton Woods fixed exchange rate system. The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations.

The SDR interest rate provides the basis for calculating the interest charged to borrowing members, and the interest paid to members for the use of their resources for regular (non-concessional) IMF loans. It is also the interest paid to members on their SDR holdings and charged on their SDR allocation. The SDR interest rate is determined weekly and is based on a weighted average of representative interest rates on short-term debt instruments in the money markets of the SDR basket currencies.

Why the IMF Added the Renminbi

China is the second largest economy after the United States and is first in world trade. The renminbi is the No. 4 currency for global trade, accounting for about 2.5 percent of the total, according to SWIFT, the organization for interbank financial transfers. Beijing controls the flow of money into and out of its economy but has encouraged the use of the renminbi abroad, especially for trade, which helps Chinese exporters by eliminating the cost and risk of volatile exchange rates. Since 2009, China has signed currency swap agreements with central banks in Britain, Brazil, Canada, Indonesia, South Korea and other countries. Branches of Chinese state-owned banks in Britain, Australia, Germany, Switzerland, Russia, France and Singapore have received authorization to take deposits or settle trade-related transactions in renminbi.

Impact on Global Finance

The SDR has no direct link to financial markets or private business. Over time, the IMF decision might prompt central banks to hold more reserves in renminbi. JP Morgan economist Haibin Zhu said renminbi holdings might rise to 5 percent of global reserves, or about $350 billion, over five years. That might encourage more use of renminbi for trade and investment. "Longer term, this is a huge step", said Stephen Innes, chief trader for the currency firm OANDA in Singapore. "Once investors become more comfortable with Chinese markets, especially if they continue to progress with opening policies and make the same strides they did over the past year, international markets will really embrace Chinese capital markets".

Impact on China

Economists say the IMF decision could encourage Chinese leaders to further relax controls on the renminbi. The ruling Communist Party's latest five-year development plan says the renminbi will be "freely tradable and freely usable" by 2020. The surprise August introduction of a new mechanism for setting the government-controlled exchange rate led to 3.5 percent devaluation. However, the country's top economic official, Premier Li Keqiang, said in September that there were no plans for further declines. Some traders worry Beijing might devalue once it achieved its goal of being added to the IMF basket. But others say Chinese leaders want to be seen as reliable. The renminbi's addition is "an endorsement as an international currency", said Chen Kang, chief bond analyst for SWS Research Co. in Shanghai. "That will encourage China to adopt more measures toward accelerating the process of the opening of its foreign exchange markets and capital markets".

Unintended Consequences

The renminbi's government-set exchange rate still follows the dollar despite the new mechanism for setting its value. For now, that makes the renminbi a dollar in disguise, according to Derek Scissors of the American Enterprise Institute in Washington. Until the renminbi is allowed to trade freely, the IMF decision will "increase the dollar's importance", said Scissors. "Those governments or investors hoping for a dilution of dollar dominance for portfolio diversification or political reasons are getting exactly the opposite".​

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Mossack Fonseca EU Taxes: EP Resolution Targets Multinationals

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Mossack Fonseca EU Taxes: EP Resolution Targets Multinationals

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On November 25, 2015, the European Parliament (EP) approved a resolution to make corporate taxes “fairer across Europe”. The resolution calls on EU member states to “agree on mandatory country-by-country reporting by multinationals of profits and taxes, a common consolidated corporate tax base (CCCTB), common definitions for tax terms, and more transparency and accountability with regard to their national tax rulings for companies”, a press release issued by the EP said.

If the EP resolution (as it stands) is passed into law by the European Council it would result in the following:

•Large multinational corporations would have to pay taxes in the countries where most of their financial activities and profits are made
•Smaller EU economies that offer more competitive corporate tax rates with fewer regulations would stand to lose significant tax revenues as multinationals migrate out of their jurisdictions
•Jurisdictions outside of the EU would attract multinationals with more favorable tax and regulatory schemes

A Comparison of EU VAT Tax Rates as of 1 January 2015:

Country VAT Tax Rate (%)
Luxembourg 17
Malta 18
Germany 19
Cyprus 19
Bulgaria 20
Estonia 20
France 20
Austria 20
Slovakia 20
UK 20
Belgium 21
Czech Republic 21
Spain 21
Latvia 21
Lithuania 21
Netherlands 21
Italy 22
Slovenia 22
Greece 23
Ireland 23
Poland 23
Portugal 23
Romania 24
Finland 24
Denmark 25
Croatia 25
Sweden 25
Hungary 27

Sources: the Malta Independent and the European Parliamentary Research Service

Read Article Here.
Mossack Fonseca & Co. - Office Profile

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Mossack Fonseca on Panama: Enters Phase II of
the OECD Global Forum Review

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Mossack Fonseca on Panama: Enters Phase II of
the OECD Global Forum Review

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At the 8th meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, held in Barbados on 29-30 October 2015, Panama was officially accepted into Phase 2 of the information exchange peer review process.

The Global Forum peer reviews occur in two Phases: Phase 1 reviews assess the quality of a jurisdiction’s legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework.

Panama’s Foreign Ministry noted that the country’s implementation standards for the exchange of tax information upon request will be assessed, with particular attention to those jurisdictions with which Panama has agreements that allow the exchange of information.

Panama’s Deputy Foreign Minister Luis Miguel Hincapie said "This step reflects the commitment of Panama in this area and the significant progress in updating our legal framework. In a short time we have adapted to the standards of fiscal transparency while at all times defending national interests”. He went on to say that President Juan Carlos Varela, in his recent speech at the General Assembly of the United Nations, announced that Panama, like its major trading partners, is committed to the automatic bilateral exchange of tax information, but with some conditions. The President said the exchanges will have to take into account national circumstances, the international geopolitical environment, and the right of each country to take the necessary measures to ensure that the automatic exchange of information is not misused to impair the competitiveness of some countries for the benefit of others. President Varela proposed that the issues be incorporated into the regular agenda of the United Nations to ensure that they are discussed by the countries on equal terms.

There are now 96 jurisdictions which are committed to making the first exchanges of information in 2017 or 2018. Panama has committed to commence automatic exchanges in 2018.

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CEGB El Valle obtiene apoyo de empresa Mossack & Fonseca

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CEGB El Valle obtiene apoyo de empresa Mossack & Fonseca

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El sistema de tratamiento de aguas residuales del Centro Educación Básica General El Valle (CEBG), será una de las acciones que llevará a ejecución, la empresa Mossack Fonseca, después de suscribir una carta de intención con autoridades del Ministerio de Educación, como parte del Programa Mi Escuela Primero.

La rúbrica de la carta de intención estuvo a cargo del Viceministro académico de Educación, Carlos Staff y el Director Ejecutivo de Mossack Fonseca, Rubén Hernández, al cual además concurrieron personalidades como: la coordinadora de Responsabilidad Social Corporativa de la Empresa, Susana Fonseca y la líder y miembro del Programa Mi Escuela Primero, Ayleen Varela.

Durante la firma de la carta de intención, el Viceministro de Educación manifestó que se sentía complacido con el apoyo recibido por esta empresa panameña en una escuela de Coclé, beneficiando así a la población estudiantil de aquellas regiones apartadas del país.

Con este tipo de actividades el programa Mi Escuela Primero busca mejorar las condiciones de los centros educativos oficiales del país y por ende se verán beneficiados los estudiantes a recibir sus clases en escuelas dignas, subrayó el Viceministro Staff.

Mossack Fonseca & Co. - Perfil de oficina

Mientras tanto, el Gerente General de Mossack Fonseca, Rubén Hernández, resaltó que es para la empresa un privilegio unirse a este importante proyecto desarrollado por el Gobierno Nacional y el MEDUCA, de la mano de importantes empresas que fomentan como valor fundamental la responsabilidad social empresarial y en pro de la educación.

Cabe resaltar, que Mossack Fonseca, se compromete con este proyecto, porque causará un gran impacto y mejora social; pensamos que los niños de hoy harán crecer aún más al país y por ello debemos ofrecerle una educación digna, especificó Susana Fonseca, coordinadora de Responsabilidad Social Corporativa. Leer aquí.

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CEGB El Valle obtiene apoyo de empresa Mossack & Fonseca

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Mossack Fonseca on Cyprus, Luxembourg & Seychelles: Largely
Compliant―OECD

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Mossack Fonseca on Cyprus, Luxembourg & Seychelles: Largely
Compliant―OECD

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At the October 29-30, 2015 meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (part of the OECD), Cyprus, Luxembourg and the Seychelles were lauded for making significant changes to their legal frameworks and practices, each earning an overall rating of “largely compliant”. To achieve a “largely compliant” rating, a jurisdiction can only be deemed by peer reviewers as having (at most) minor shortcomings in the implementation of the 10 essential elements that are rated.

The brief primer below provides an overview of the methods, standards and rating paradigm used by the Global Forum.

Peer Reviews

Peer Reviews are conducted by an assessment team composed of 2 expert assessors provided by peer jurisdictions and co-ordinated by a member of the Global Forum Secretariat. The assessment team’s report is presented to the 30 member Peer Review Group (PRG) and, once approved (by means of consensus) it becomes a report of the PRG which will then be submitted for adoption by the Global Forum.

The Global Forum’s Standards & Rating Paradigm

The Peer Reviews happen in two Phases:

• Phase 1 is a review of each jurisdiction’s legal and regulatory framework for transparency and the exchange of information for tax purposes

• Phase 2 involves a survey of the practical implementation of the standards.

The Global Forum breaks down the standards of transparency and exchange of information into 10 essential elements under three broad categories: (A) availability of information; (B) access to information; and (C) exchanging information.

The Global Forum’s 10 Essential Elements of Transparency and Exchange of Information for Tax Purposes:

A. AVAILABILITY OF INFORMATION

• A.1. Jurisdictions should ensure that ownership and identity information for all relevant entities and arrangements is available to their competent authorities.

• A.2. Jurisdictions should ensure that reliable accounting records are kept for all relevant entities and arrangements.

• A.3. Banking information should be available for all account-holders.

B. ACCESS TO INFORMATION

• B.1. Competent authorities should have the power to obtain and provide information that is the subject of a request under an EOI agreement from any person within their territorial jurisdiction who is in possession or control of such information.

• B.2. The rights and safeguards that apply to persons in the requested jurisdiction should be compatible with effective exchange of information.

C. EXCHANGING INFORMATION

• C.1. EOI mechanisms should provide for effective exchange of information.

• C.2. The jurisdictions’ network of information exchange mechanisms should cover all relevant partners.

• C.3. The jurisdictions’ mechanisms for exchange of information should have adequate provisions to ensure the confidentiality of information received.

• C.4. The exchange of information mechanisms should respect the rights and safeguards of taxpayers and third parties.

• C.5. The jurisdiction should provide information under its network of agreements in a timely manner.​

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Mossack Fonseca on Cyprus, Luxembourg & Seychelles Largely Compliant―OECD

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Mossack Fonseca: France Acknowledges that Panama is no “Tax Haven”

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Mossack Fonseca: France Acknowledges that Panama is no “Tax Haven”

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The French Minister of Foreign Affairs, Lauren Fabius, Senator Jacques Gautier, Vice-president of the Senate Foreign Relations Committee, and Secretary General of the French Presidency, Jean Pierre Jouyet, all agreed that Panama “is no tax haven” and they recognized the “solid financial platform” of the Central American country, as stated by the Panamanian Ministry of Foreign Affairs. This information was provided following meetings held between the Panamanian Vice-president and Minister of Foreign Affairs, Isabel de Saint Malo, and the above-mentioned authorities during an official visit to Paris.

Mossack Fonseca & Co. - Office Profile

The Panamanian Foreign Minister applauded France, a member of the OECD Peer Review Group, for offering support to remove Panama from the European Union’s discriminatory lists. Read Article here.

Like Mossack Fonseca (Official) Facebook Page for more updates.

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France Acknowledges that Panama is no Tax Haven by Mossack Fonseca

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Mossack Fonseca: France Acknowledges that Panama is no “Tax Haven”

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Mossack Fonseca: France Acknowledges that Panama is no “Tax Haven”

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Mossack Fonseca: BVI Financial Services on New Website &
Social Media

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Mossack Fonseca: BVI Financial Services on New Website &
Social Media

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The BVI Financial Services Implementation Unit (FSIU) is using their new website and social media pages to “inform, educate and engage the population on the subject of financial services”, according to a BVI press release on November 18, 2015.

On the website, BVI Forward Campaign, visitors will have immediate access to the report of the financial services consultancy, the ten priority initiatives being pursued as part of the campaign, as well as the latest industry and campaign related news. The website will also feature continuous messages from various spokespersons including industry executives, senior industry professionals, and others.

The FSIU has also created the following web pages to share actionable information about financial services and their current efforts to strengthen the industry:

• BVI Forward Facebook

• BVI Forward Twitter

• BVI Forward LinkedIn

• BVI Forward YouTube

Director of the FSIU, Mr. Kedrick Malone said “The BVI Forward campaign relies heavily on our website and social media because young people are part of a key demographic we need to engage on financial services. We have targeted information for various age groups and inclusive of all forms of media but we will focus extensively on digital and social media simply because of the pervasive influence among persons in that age category”.

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Mossack Fonseca - BVI Financial Services New Website & Social Media

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Panama: Hub for Maritime Trade & Intellectual Property by Mossack
Fonseca

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Panama: Hub for Maritime Trade & Intellectual Property by Mossack
Fonseca

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November 20, 2015―The Judiciary of the Republic of Panama and the International Trademark Association (INTA) signed a Memorandum of Understanding (MOU) that sets forth a foundation for future cooperation between the two groups, and recognizes both the need for robust intellectual property (IP) systems in a rapidly changing and increasingly integrated global economy as well as the central role of Panama in international maritime trade.

Panama’s economy and infrastructure have driven its rapid rise in the areas of maritime trade and intellectual property protection.

Panama’s Economy

Panama has one of the fastest growing economies in the world, to wit:

•Over the past 10 years, Panama’s GDP has grown at an annual average rate of 7.8%.

•The IMF has projected Panama’s GDP growth at 6.1% and 6.4% for 2015 and 2016, respectively―far outpacing all countries of North and South America.

•Poverty levels in Panama have been reduced from 39.9% to 26.2% percent over the past decade.

Panama’s Infrastructure

•The Panama Canal is arguably the most important maritime waterway in the world, connecting North and South America and the Pacific and Atlantic oceans.

•In 2016, the Panama Canal expansion project will be completed. The existing locks can handle cargo ships carrying up to 5,000 20-foot containers (TEUs). The expanded locks will handle megaships carrying up to 13,000 TEUs. The expanded canal will only bolster Panama’s role as an international business hub, and the canal’s annual revenue is projected to increase from $2.6 billion in 2014 to $6.2 billion by 2025.

•A vastly expanded, ultra-modern international airport with connections throughout the world.

•The world’s second largest free trade zone with170 multinational companies and over 100 international banks

Mossack Fonseca & Co. - Office Profile

Panama’s Maritime Trade and Intellectual Property Protection

Both INTA and the Panamanian government appreciate the impact of the Panama Canal expansion on global trade and the global trademark community. Transshipment and transit of goods through free trade zones and free ports contribute significantly to the trafficking of counterfeit goods, and eighty percent of the goods passing through the canal are goods in transit. The MOU will serve to develop cooperative activities in the field of trademarks and other related areas. INTA and the Judiciary have already begun organizing judicial training seminars. Other areas of future cooperation include:

•Development of collaborative projects related to trademarks, dispute settlement, trademark rights enforcement, and other related areas;

•Exchange of information, experiences and educational materials;

•Development of studies; and

•Organization of meetings and conferences.

“Panama plays a critically important role in the global economy and international maritime trade and this will only increase with the expansion of the Panama Canal,” said INTA President J. Scott Evans. “At the same time, Panama’s economy and middle class are growing. The INTA looks forward to working with the Judiciary to enhance its effectiveness for brand owners and consumers in Panama and around the world.”

The INTA released this micro-documentary video to explain the impact of the Panama Canal expansion on brand owners and consumers around the world.

Source: The International Trademark Association

Like us on Facebook Mossack Fonseca (Official)

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Hiring Guru: Mossack
Fonseca - International HR

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Hiring Guru: Mossack
Fonseca - International HR

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As I am so accustomed to interviewing entrepreneurs, I was interested in the path of a Human Resources professional for such an international corporation with over 500 employees. So, I'm happy to present an interview with Katia Solano the Director of Human Resources for Mossack Fonseca & Co (MF).

Established in 1977, Mossack Fonseca is a leading global company which provides comprehensive legal, trust and accounting services.

Katia's been at the company for more than 20 years. She's moved through many different positions, learning different skills along the way, from reception to filing and then as the personal assistant to one of the founders of the company.

"I worked with the founder when MF was a pretty small company; we were around 30 employees at that time. Later, I worked on accounts receivables and payables, and then I came to the human resources department."

Give me an overview of the work that is done in the human resources department.

"Human Resources is a company-wide department, so it has to do with the human resources policies for the entire MF group―the hiring process, candidate selection, training and development, performance evaluation, benefits and salaries, internal communications, leadership development, deployment, cascading goals, the company culture, and induction, amongst others. I work closely with the CEO and the management team. I deal with all the managers of the different offices around the world. I have a team of six employees."

To what degree do you keep your finger on the pulse of hiring?

"I meet at least once a week with the Recruitment and Selection Specialist―she reports directly to the Human Resources Coordinator―but I meet with her once a week because the recruitment process is a key process in any organization. However, I don't interview candidates unless we are going to hire someone for a key position, like for example a lawyer or a management team member―somebody of a high level―whether here in Panama or in any of the offices abroad. In Panama it is very difficult to hire good people because the labor market is so tight."

Katia, what do you do to recruit qualified employees, whether in Panama or abroad, when faced with a shortage of available talent?

"Well it is very helpful that we have a well-known, highly respected name here―so lawyers, in particular, want to work at MF; I'm always receiving resumes in my inbox or through LinkedIn. We usually advertise our positions online. Plus, we are involved with universities―we maintain close contact with them and they always refer people to us for internships. We do the same thing with high schools―we usually have maybe 15 interns that are about to graduate from high school, so they do their internships here―many times when they finish their degree programs they apply to work here. In addition, we try to be involved in all the job fairs."

Your internship program with students from high schools and universities sounds like a great way to evaluate talent.

"Definitely, because when they come to intern with us we really do make an effort to teach them as much as possible. I insist that all our managers make sure to give them as much training and experience as they can handle. There are many companies that simply have their interns do menial tasks; however, I insist that we don't do that with ours. At MF, the interns learn about the company, its mission, culture, and values, and usually they like it and they go back to school or university with a good impression. They share that information with their friends and we usually receive some resumes from other students of the same schools that want to do internships with us. Also, there are many professors who know that we really train their students and they refer candidates to us."

How important is it keep personally connected to the process of adding new personnel to the MF team?

"It is very important because our recruitment process is integral to the future of the company―so to me recruiting talented people is directly related to the strategy of the company because we offer our clients specialized services so we really need to have talented people to be able to provide our clients with excellent service. "

Do you have any hard-fast rules that are followed in your own selection of team members or those who will be working close to you?

"Selecting a new employee is kind of tricky because it is not only that you want to have the person with the perfect profile, but you need a combination of skills and attributes―you need somebody who has the capacity and desire to do the job they have applied for―somebody who has a clear vision of what they want in the short and long term―and they have to be a good fit with our company."

Do you have an anecdote or philosophy to share that comes to mind that would sum up your thoughts about hiring?

"To me, attitude is everything. You may have a good candidate with the perfect academic background and experience, but if the person does not really want to do the job they are applying for, then we are wasting our time. Usually I hire people with little to no experience and then we train them; they appreciate that and they tend to stay for a long time."

Katia's priorities and methodical approach align with Hiring Truth 1: Be diligent, not desperate from my book The Naked Interview: Hiring without Regret. She is ensuring the candidates are carefully selected and that they are cared for with training to help them stick.

"Now, I know that millennial are different. I have millennial on my team and you have to know how to manage them to keep them interested and motivated. One way I do that is by assigning them various projects―you needs to work differently with them."

"We keep them interested and motivated by offering them attractive benefits, continuous training and education―and the opportunity to move laterally (to work in a different department) and up―depending on the individual's skill set and our company needs. Another advantage of MF is our multicultural and international environment where they can work and interact with our colleagues and clients all over the world."

"Everything is different now. I mean the usual human resources process is different now because you cannot plan their careers anymore; they have their career already planned and they evaluate the company to see if the company meets or exceeds their expectations and in particular, what the company is going to give them, so everything has changed."

What is the best interview question you have ever used?

"I use a combination of questions. When you are going to interview a candidate, you have to be clear about what you or the manager needs, and of course, what the company needs.

Sometimes you need to help the managers to identify what they need. When I am doing an interview I pay attention to everything and usually I write down everything they say, so I will ask questions like: How do you see yourself (as a professional) in two years? ― What do you want to do? ― Why? ― What kind of company are you looking for? ―What would be your ideal job? I ask about previous bosses and companies to get an idea of what type of boss and company culture they like―or dislike."

What has driven your personal success at Mossack Fonseca Group?

"I like to serve people. I am proud of being a member of MF and also of the human resources department. I feel that we support MF―its management and reputation. I tell my people every day that we are service providers. To me, it is critical to be willing to serve our internal and external customers, and to maintain the highest professional standards."

Interview by David Lee Jensen

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Mossack Fonseca, Switzerland: Double Tax Agreement with Argentina

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Mossack Fonseca, Switzerland: Double Tax Agreement with Argentina

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On October 29, 2015, the Swiss State Secretariat for International Financial Matters announced that the double taxation agreement (DTA) with respect to taxes on income and capital between Switzerland and Argentina will enter into force on November 27, 2015. It replaces the agreement of 1997 and is in line with the current international standard on the exchange of information.

The purpose of the new agreement is the avoidance of double taxation with respect to taxes on income and on capital, particularly those on dividends, interest and royalty payments. It adopts the majority of the provisions of the former agreement and complies with the current international standard on the exchange of information upon request. The new agreement will be applicable from January 1, 2016, with the exception of taxes withheld at source, for which relief will already be applied in 2015 according to the agreement.

The new agreement sets the maximum withholding tax rate for dividends at 15 percent, and provides for a ten percent rate where the beneficial owner is a company that holds directly at least 25 percent of the capital of the company paying the dividends. The withholding tax rate for interest payments is capped at 12 percent. The maximum withholding tax rate for royalties is 15 percent, with reduced rates of ten, five, and three percent applicable in certain circumstances.

Who is Mossack Fonseca?

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Mossack Fonseca on China & Switzerland:
Begin Direct Currency Trading

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Mossack Fonseca on China & Switzerland:
Begin Direct Currency Trading

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Monday, November 9th, 2015

With the authorization of the People's Bank of China, the China Foreign Exchange Trade System (CFETS) announced that beginning November 10, 2015 they will launch direct trading between the yuan, also known as the renminbi (RMB), and the Swiss Franc (CHF) on the inter-bank foreign exchange market.

China is seeking to promote its yuan as a global reserve currency alongside the dollar, an ambition that depends on its willingness and ability to loosen tight restrictions on the currency's trade.

One major step towards achieving Beijing's goal is convincing the International Monetary Fund (IMF) to include the yuan in its internal "special drawing rights" reserve currency basket. The IMF is expected to make its decision regarding the yuan in the near future.

“This is an important step in strengthening bilateral economic and trade connections between China and Switzerland,” the People’s Bank of China said in a statement on its website. The link will help lower conversion costs and facilitate the use of both currencies in bilateral trade, it added.

The yuan can only move up or down two percent against the US dollar from a mid-rate set daily by the central bank. The Swiss franc will be allowed to fluctuate five percent on either side of a central rate, the CEFTS’s statement said.

Article from Mossack Fonseca​

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Mossack Fonseca Promotes Copyright Protection in Panama

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Mossack Fonseca Promotes Copyright Protection in Panama

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The Intellectual Property Division of the Mossack Fonseca Group will take part in the first Blogger Influencer Week as a leading company promoting the importance of a blog’s content registration and copyright protection.

The organizers mainly seek to develop opportunities to enhance Panama as a tourist and business platform by promoting the talent of the most recognized, respected, and influential national and international bloggers.

“Panama City will once again play a leading role in an avant-garde event that is full of innovation with the first Blogger Influencer Week. As a leading company in our industry, we support these kinds of initiatives for the purpose of communicating and sharing the importance of copyright registration and protection,” stated the head of the Mossack Fonseca Intellectual Property Division, Ms Raquel Araúz.

Ms Araúz added that they have expanded their suite of services, aka Multiple Intellectual Property Services (MIPS), to guarantee the complete protection of trademarks, patents, and copyrights?thereby avoiding the counterfeiting and imitation of their clients’ products and services, both nationally and internationally.

The first Blogger Influencer Week will take place from 27th February to 5th March 2016 with various events to be held in the Republic of Panama. For more information regarding MIPS, please follow @mossfonmips in twitter using hashtag #CuidaTusIdeas. Read Article here.

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Mossack Fonseca Supports National Reforestation Day

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Mossack Fonseca Supports National Reforestation Day

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The Mossack Fonseca Group recently planted over 1,000 seedlings in Camino de Cruces National Park as a part of National Reforestation Day and the “Alliance for a Million.”

Panama City, Panama – November 25, 2015 /PressCable/ —

Taking a more proactive approach to the issues associated with global climate change, the Mossack Fonseca Group offered its support for the reforestation efforts adopted by Panama and much of the rest of Central America through its participation in National Reforestation Day. Recognizing the importance of the role trees play in the recovery of degraded soils, the protection of the water supply, the absorption of carbon and the emission of oxygen, the planting of a wide variety of tree species on such a grand scale is a highly beneficial measure for further protecting the environment from the potentially devastating effects of unchecked climate change.

The firm has a long history of environmental consciousness and has frequently participated in projects similar to the reforestation efforts taking place in Panama. In this particular instance, a large contingent represented the Mossfon Family at Camino de Cruces National Park to take part in the “Alliance for a Million” project undertaken by ANCON. In planting over 1,000 young seedlings throughout the park, members of the firm were able to assist ANCON as it seeks to achieve its lofty goal of stimulating the growth of forest and fruit species across 1 million hectares. With a focus on targeting the areas with the most pressing need for regrowth, members of the firm helped to ensure that forest management areas, river banks, natural forest areas and groundwater recharge zones benefited from the immediate attention.

Those participating in National Reforestation Day surely understand the impact that deforestation has had on the world at large, but Central Americans in particular are acutely aware of the consequences that have been wrought throughout the region. Over the last 40 years alone, 40 percent of the rain forests have been cleared or burned, affecting the region’s ecological balance to a significant degree. Deforestation has affected air quality, caused soil instability and endangered the 80 percent of terrestrial life that calls the forest home. Given the pervasive and accelerated nature of climate change, efforts such as the one undertaken by ANCON and the firm are necessary for ensuring future environmental stability.

About the Firm The Mossack Fonseca Group is a firm that provides exceptional legal, trust and investment consultancy to clients across the globe. Founded in 1977, the firm offers comprehensive services across every continent, specializing in international business structures, commercial law, wealth management and trust services.

For more information about us, please visit http://www.mossfon.com

Contact Info:
Name: Mossack Fonseca
Organization: Mossack Fonseca
Address: 54th Street, Marbella, Panama
Phone: 507-205-5888