Tech-Savvy Legal Solutions
We are a distributed network of lawyers and professionals that helps you navigate your legal needs.
Legal Expertise for Crypto, Tech and Business Ventures
We offer legal solutions tailored to Crypto, IT, Startups, Founders, Investors, and Innovators.
Legal Complexities have the potential to halt progress, delay implementations, and drain resources. You may get paralyzed by the frustration of legal jargon, the multiplicity of options, and the possibility of committing costly mistakes.
Our technology-focused legal specialists at Innovative Legal Group (ILG) provide bespoke solutions, empowering your journey and allowing you to focus on leading your project and accomplishing your goals.
OUR EXPERTISE
- Token offerings
- Legally compliant DeFi protocols
- Legally compliant DAO structure
- Legal Advisory and Regulatory Compliance
- Legal Opinions
- NFT marketplaces
- Blockchain & Crypto Infrastructure
- SAFT, T&Cs, and related agreements
- Offshore bank accounts
- Crypto-friendly bank accounts
- OTC providers
- EMI Account
- Virtual IBAN with multi-currency support
- SWIFT Payments and SEPA Payments
- Card Payments
- Corporate legal structuring
- International Business Company (IBC)
- Private Interest Foundation (PIF)
- Company Registration
- Business License
- Director & Resident Agent Services
- AML/CFT Policy, Procedures, and Controls documentation
- Business Risk Assessment
- KYC, CDD, EDD, Risk Assessment Templates
- Managed KYC and Customer Due Diligence
- Screening Software introduction
- AML/CFT in-house compliance department setup
- Data Protection and Processing
- Privacy Policy
- Cookies Policy
- GDPR-compliant marketing consents
- Internet and Digital Media
- Private Interest Foundations
- NGOs
- Wills
- Estate and Family Planning
- Asset Protection
Our Members
Trusted by awesome projects all around the world
Strategic Partners/Associations
Question & Answers
Some Q&A frequently asked by our clients
Is there a VASP regime in Panama?
No. There was a project of law approved by the Panamanian Parliament in 2022 but later declared unconstitutional by the Supreme Court of Justice of Panama. Currently, there is no VASP regime in Panama nor intention of approving one in the near future.
Are crypto-related activities legal in Panama?
Yes. Crypto-related activities are considered unregulated yet legal activities in Panama. This has been the position in several opinions and notices issued by the Superintendency of Securities Market (SMV) and the Superintendency of Banks (SBP). As the activity remains unregulated the SMV and the SBP are not considered competent authorities to supervise or oversee crypto-related activities.
What is the legal status of cryptocurrencies or crypto assets in Panama?
Cryptocurrencies, crypto assets, or tokens are not considered legal tender, securities, or regulated activity.
How long it takes to set up a Panamanian entity?
Between 5-7 business days, after receipt of payment and KYC docs.
Are the services of nominee directors available in Panama?
Yes, nominee director services are available if the client desires to maintain his identity private and not shown in any public documents.
What is the minimum number of directors for Panamanian entities?
- For corporations, the minimum number of directors is three. They can be individuals or legal entities.
- For Private Foundations, the minimum number of members required for the foundation council is three if the members are individuals, and one if the member is a legal entity
Contact us,
We are here to help
We craft solutions to provide legal services based on a practical and comprehensive understanding of your needs.
