Prime Solutions is a full-service legal and tax consultancy based in Panama, led by Giovanna Bernal — a lawyer and accountant with advanced credentials in tax law, commercial law, and international compliance. The firm offers structured legal assistance for those seeking immigration, corporate setup, and long-term planning in Panama.
Unlike marketing-driven relocation firms, Prime Solutions positions itself as a compliance-first legal office — suitable for clients needing lawful, documented pathways to residency, business incorporation, and tax structuring.
What They Offer
✅ Immigration & Relocation Support
Panama residency (temporary or permanent), with legal documentation, renewals, and citizenship application after 5 years.
✅ Tax & Accounting Advisory
Includes personal and corporate tax planning, reporting, and accounting setup for local and foreign structures.
✅ Wealth & Corporate Structuring
Legal and tax support for trusts, holding companies, or corporate redomiciliation — for individuals or multi-entity setups.
✅ Real Estate Legal Guidance
Assistance with due diligence, ownership documentation, and structuring of local property investments.
✅ International Tax Compliance
Specialization in AML (anti-money laundering) protocols and cross-border financial structuring.
✅ Multilingual Support & Experience
Fluent in Spanish and English, with legal knowledge across Panama, Latin America, and global tax frameworks.
Panama: Legal Context for Relocation
✔️ Residency to Citizenship Track – Citizenship possible after 5 years of permanent residency
✔️ Territorial Tax Regime – No tax on foreign-sourced income
✔️ 100% Foreign Ownership – No local partner needed for most company types
✔️ US Dollar-Based Economy – Reduces currency volatility
✔️ Legal & Financial Infrastructure – Courts, banks, and insurance accessible to foreigners
Limitations & Considerations
⚠️ Bureaucracy Is Real – Delays and inefficiencies are common at the government level
⚠️ Language Barrier – Legal processes mostly conducted in Spanish
⚠️ Not a Lifestyle Concierge – Strictly legal and tax guidance; no housing or soft-landing support
⚠️ City-Centric Infrastructure – Reliable services and professionals mostly limited to Panama City
Best For:
Professionals, investors, and long-term builders who need legal residency, clear tax structuring, and eventual citizenship — and who value regulatory compliance and licensed legal oversight above marketing promises or relocation ease.
Giovanna Bernal holds a degree in Law and Political Science from Universidad Santa Maria La Antigua (2004) and a degree in Accounting from Universidad del Istmo (2023). She has successfully completed several Master’s degrees, including Business Administration (Taiwan M.B.A), Commercial Law, Higher Education, and Taxation, and Fiscal Management. She has also taken several specializations, including ITC Leiden Latin America’s Executive Program in International Tax Law, Certification (CP/AML) in the University of Florida on Prevention of Money Laundering and Terrorist Financing, and on Prevention of Money Laundering (FIBA AML Institute) of Florida, USA.
Services we offered:
- Immigration & Relocation
- Business & Corporate
- Wealth Planning
- Tax Advisory
- Real Estate Advisory
- Tax, Accounting & BPO
Panama’s Benefits:
- Attractive tax benefits and business-friendly environment
- High quality of life with modern infrastructure
- Warm climate and scenic landscapes
Downsides of Panama:
- Bureaucratic processes can be slow
- Limited English proficiency outside major cities
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FAQ
Can I work in Panama with my residency visa?
It depends on the visa type. The Friendly Nations Visa and work permit allow employment. Pensionado and some investor visas do not automatically grant work rights.
Is it possible to bring my family with me?
Yes. Most residency visas allow you to include your spouse and children as dependents.
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