In Panama, the law is the same for everyone. Domestic and foreign. This is thanks to Law 54 of July 22, 1998, which establishes that foreign investors and the companies in which they participate have the same rights and obligations as nationals, with no limitations other than those established in the Constitution and the Law.
For example, the publication of Law 57 of October 24, 2018 that reforms Law 41 of 2007, which creates the special Regime for the establishment and operation of Multinational Companies Headquarters (SEM) and the Multinational Companies Headquarters Commission, New rules are established for SEM companies, which have been used by more than a hundred companies that have established their base of operations in the country.
Companies such as Bauer, Phillips and Nestlé, Dell, Bayer, Caterpillar, Adidas, Halliburton and Procter and Gamble have taken advantage of these conditions that not only benefit the corporation, but also its top executives.