Panama: Incentives for Several Hotels Terminated

The Directorate of Tourism Development and Investment has canceled incentives for about seven hotel projects that were covered by the Law No. 8.

Law No. 8 defines all the incentives that foreign investors receive, with the aim of promoting tourism development in the country.

Minerva Bethancourth writes in Prensa.com "At the start of the current ATP management, it was announced that there would be an assessment of the law in order to introduce a series of changes through a bill."

Source: Prensa.com

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