With 11 offices in seven countries in Guatemala, El Salvador,
Honduras, Nicaragua, Costa Rica, Panama and Dominican Republic,
legal firm CENTRAL LAW is well-positioned to
advise international and regional clients on the finer points of
Those countries offer many incentives for foreign investment,
and the extensive knowledge of the law in the region that the
firm´s lawyers´ have is invaluable to clients.
The legal framework in place is supported by regional laws and
free-trade treaties, such as DR-CAFTA and the Association Agreement
recently signed between Central America and the European Union.
Other agreements such as the TPP and Pacific Alliance are treaties
between the US an other countries including Latin America countries
of Mexico, Colombia, Peru and Chile where Honduras, Guatemala and
Panama have asked to be part of them.
El Salvador and Honduras have recently proved that the
country´s infrastructure can be development by schemes of
public-private partnerships due to the enactment of a proper
regulation on the matter. Some of the major performed projects in
those countries are projects where CENTRAL
LAW´s lawyers have participated advising their
clients, such as the tender processes of Puerto La Unión (El
Salvador) and Puerto Cortés (Honduras); Airport in
Río Amarillo and Airport of Toncontín and Palmerola
(Honduras); LPG Plant in El Salvador, Hydro Plant El Cajón
and Government´s Civic Center in Honduras.
Guatemala, though it has one of the biggest financial centres in
the region, has been at the loop in mining and natural resources
projects where the firm´s lawyers have been active in
advising clients in the licensing for exploration and explotation
of minerals and hydrocarbons.
Nicaragua has begun a new stage of economic growth due to
an increment in tourism and in renewable energy projects allowing
companies to contract directly with distributors. The legal advice
of CENTRAL LAW was key to for companies developing
the most transcendent projects in the country such as Amaya and
As Central America has some of the planet's finest natural
reserves, many laws have been passed to protect the environment as
well as ensuring economic growth. It has positioned as a leader on
environmental issues and aims to be carbon-neutral by 2021. The
country has raised its offer of hotels developing new luxury hotels
and CENTRAL LAW has been advising prominent chains
of hotels and investors from Mexico and Spain in the corporate and
Panama, a dollar-based economy, is home for many foreign
companies that chose to have their headquarters there as they have
much more tax incentives there than in their birth countries and
for retired people from different parts of the world which chose to
leave in a tropical weather and a mixed landscape of beaches and
mountains. Projects of public infrastructure such the metro and the
Casco Antiguo restoration, the Coastway and the amplification of
the Panama Canal are works that raised the not only the
international trade but the tourism and the expats beginning a new
life working for companies based there.
With its focus on tourism, Dominican Republic has attracted many
tourists in recent years and has recently incurred in the
development of renewable energy projects. The firm is number one in
the Real Estate and Tourism areas advising local and foreign
business groups investing in the country.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The first trust law in Panama was adopted in the 1940's, based on the common law Trust. However, in 1984 new provisions on trusts were enacted to complement other legal instruments and benefits provided by Panama.
The law on Panamanian corporations, adopted in 1927, is a version of the corporation law of the State of Delaware, United States, and since its enactment, has been widely used by the international financial community...
RERCT provides for the regularization of unreported assets of lawful origin, remitted, maintained abroad or repatriated until 31 December 2014 by Brazilian residents.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).