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:
- Ensure that all Applicants have no criminal record and suitable references;
- Designate qualified Applicants as to operating under the master licence;
- Ensure that all software and specific games of chance conform to the strict regulations of the Panama Internet Gaming Licence;
- Collect all fees;
- Monitor game payouts and to make certain they are within acceptable worldwide standards;
- 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;
- 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



