Entertainment Law at Panama
Panama's entertainment industry is governed by a comprehensive legal framework that addresses various aspects such as copyright protection, promotion of creative industries, and incentives for audiovisual productions.
Key Legal Framework:
Copyright and Neighboring Rights: Panama's Law No. 15 of August 8, 1994, establishes the legal framework for copyright and neighboring rights, protecting authors' moral and economic rights in their works. This law covers various aspects, including the definition of works, ownership rights, and sanctions for infringement.
Creative Economy Promotion: Law No. 424, enacted in 2023, aims to promote the Creative Economy as a strategic sector for cultural, social, and economic development. It encompasses areas such as performing arts, cinema, design, video game creation, tourism, and gastronomy, fostering entrepreneurship and cultural expression.
Film and Audiovisual Industry Incentives: Law No. 36 of 2007, amended by Law No. 16 of 2012, provides incentives for film and audiovisual productions in Panama. These incentives include tax exemptions on equipment used in film productions, issuance of temporary resident permits for foreign personnel involved in such projects, and the creation of the Film Commission of Panama to oversee and promote industry activities.
Regulatory Authorities:
National Directorate of Copyright: This body oversees the registration, deposit, supervision, and inspection of copyright-related matters, ensuring compliance with the provisions of the copyright law.
National Institute of Culture (INAC): INAC is responsible for enforcing cultural laws, including those related to indigenous cultural expressions and traditional knowledge, ensuring that artistic performances and cultural representations are authentic and respect indigenous heritage.
Recent Developments:
Promotion of Creative Industries: In 2023, the Ministry of Culture, through the National Directorate of Creative Economy, organized multiple markets and workshops across Panama. These initiatives aimed to educate and engage approximately 8,000 people in regions such as Panama Centro, La Chorrera, Portobelo, Bocas del Toro, and Chiriquí, emphasizing the importance of the creative economy in national development.
Film Industry Incentives: The Panamanian government continues to enhance its appeal as a filming destination by offering various incentives. These include tax exemptions on equipment used in film productions and the issuance of temporary resident permits for foreign personnel involved in film and audiovisual projects, aiming to attract international productions and stimulate local industry growth.
For detailed guidance and legal assistance in navigating Panama's entertainment laws, consulting with legal professionals or the relevant regulatory authorities is advisable.
RELATED Blog
0 comments