Procedure of licensing and terms in Panama

The process of the application for the licence usually takes from one to two months after providing all required documents.

A licensee should:

1. Ensure that all Applicants have no criminal record and suitable references;
2. Designate qualified Applicants as to operating under the master licence;
3. Ensure that all software and specific games of chance conform to the strict regulations of the Panama Internet Gaming Licence;
4. Collect all fees;
5. Monitor game payouts and to make certain they are within acceptable worldwide standards;
6. Make certain that a complete record of all transactions are available for inspection by designated officials of the Government or the Licence holder at any time;
7. Comply with national and international money laundering regulations.

You must also consider your development needs, software, billing, and dedicated servers and travel if necessary.

Legal Law Practices Contacts

1. Ballard & Ballard

Main Office
GlobalBank Tower, 50th street, 23rd floor,
P.O. Box 0832-1358
Panama
Panama

Phone: +507 2 3405100
Fax: +507 2 3405101
Website:  www.ballardlaw.net
Main Contact: info@ballardlaw.net

2. CS&P Fiduciaire - Carlo Scevola & Partners

The Century Tower, Piso 4, Avenida Ricardo J. Alfaro
Panama City
Panama

Phone: +41 225 752948
Website:  www.carloscevola.com
Main Contact: info@carloscevola.com

3. Cambra La Duke & Co.

50th Street, Global Plaza Tower, 19th Floor, Suite H
Panama 0834-1987
Panama

Phone: +1 507 263 1042 / (800) 961-9655
Fax: +507 263 2475
Website:  www.cambraladuke.com
Main Contact: info@cambraladuke.com

4. Molina & Co - Panama Attorneys

Main Office
Global Bank Tower, 50th Street, 11th Floor
P.O. Box 87-3375 Panama 7
Panama
Panama

Phone: +507 3403420
Fax: +507 3403422

Website:  www.panamaoffshorecenter.com
Main Contact: rjm@moliasoc.com