How do we avoid common administrative compliance mistakes?

abogado especialista en derecho administrativo : Lawyer specializing in administrative law in Panama

Panama is characterized by attracting investors and entrepreneurs from all over the world. Many seek to create their own success stories in this country that unite two oceans. Investors excited by thriving markets and the country’s strategic location embrace a commercial adventure, ignoring the regulatory complexities of the legislation.

Even before initiating your commercial operation, a lawyer specializing in administrativo law is your winning card to face the maze of regulatory compliance. Thanks to a mixture between having the proper knowledge and knowing the necessary strategies, we can help you avoid inconveniences in your operation.

Investigate before acting

A common mistake that can affect a business is failing to research the standards adequately or relying on outdated information.

Some standards vary significantly depending on the industrial sector or the location of the business operation within the country. For example, constructing a hotel near a paradisiacal beach at the cost of Azuero must comply with environmental standards that will not apply in the center of Panama City.

In addition, Panamanian legislation is constantly evolving and adapting to meet new commercial challenges. Tax regulations, labor and environmental regulations, and safety standards are as dynamic as the country they regulate.

Lawyers specializing in administrative law constantly refresh their knowledge, keeping up with regulatory changes published in the Official Gazette and other legal publications and participating in business associations and chambers of commerce.

This task can help us to anticipate proposed changes in the local or national government.

Preventive planning

The French filmmaker J.P. Sergent said “Success is not achieved only by special qualities; above all, it is a work of constancy, method and organization.” we agree with that premise.

Having a proactive attitude minimizes risks and increases success probabilities. Preventing planning from the point of view of a lawyer specialized in administrative law includes creating a detailed plan indicating deadlines for submission to government entities, maintaining a meticulous record of each document, and periodically auditing compliance’s status.

In general, the administrative procedure establishes the forms and budgets of each process, and the means or resources available to each party to follow up on their petitions or requests and guarantee a prompt response.

Acquiring expert knowledge

With adequate education and updating in the relevant law areas, companies can prevent common mistakes and ensure effective administrative management according to current regulations.

To empower your team of collaborators, we offer workshops and training courses in administrative law as a valuable tool for the integration of regulatory compliance within the corporate culture of any organization.

These education programs are designed to provide practical and updated knowledge, making it easier for all levels of your organization to understand better how their day-to-day actions align with and can affect the company’s legal compliance. Strengthening this collective understanding of administrative law results in a greater capacity to anticipate and react to posible legal changes or amendments.

Advice with local expertise

The support of a local legal adviser who knows administrative compliance in Panama is essential to understanding and adequately managing administrative regulations in Panama.

At Monica Castillo Arjona – Law Firm, we have a team focusing on administrative law in Panama. We simplify procedures and help your company comply with all legal obligations, avoiding common mistakes that could result in legal issues or delays in your initiatives.

Our experience allows us to advise micro, small, and medium-sized companies in legal and financial structuring of their businesses. We provide guidance in the management of labor relations and labor compliance and advise in the design, structuring, and management of public-private partnerships in Panama.

We work proactively so we have knowledge about the actuality and the standard trends and understand company and government expectations. Therefore, we can provide guidance on compliance with complex issues.

Likewise, if you have a compliance issue, we can help you remedy your commercial operations and establish a working plan to achieve due compliance.

Contacto

Únete a nuestra lista de correo

© 2021 Mónica Castillo Arjona. Todos los derechos reservados.
Abrir chat
¿Necesitas ayuda?
Hola, ¿Como podemos ayudarte?