
Panama
Panama
Panama’s Law 526 of 2026: The Economic-Substance Era for Multinational Groups
Panama's Law 526 of 2026 conditions the exemption of foreign passive income on real substance. What it requires, who it binds, and when it bites.
Strategic advisory · Latin America
An independent advisory firm serving business investment and expansion in Latin America — market research, management and marketing for real-estate development and business projects in Uruguay and Panama.
What we do
01
Market and demand studies, surveys and strategy for investment and market-entry decisions.
02
Positioning, demand generation and brand management for companies and projects.
03
Structuring, governance and operation of companies in Latin America.

Panama
Panama
Panama's Law 526 of 2026 conditions the exemption of foreign passive income on real substance. What it requires, who it binds, and when it bites.

Uruguay
Uruguay
Budget Law 20.446 raised Uruguay's tax-residency threshold to roughly USD 2M from January 2026. What changes for foreign investors and the tax-holiday…

Uruguay
Uruguay
Uruguay's green-hydrogen roadmap: 2040 targets, the Khairos pilot in Fray Bentos and where the opportunities lie for service companies and suppliers.