1.1 STUDIO PANAMA ITALIA offers residency, citizenship, banking, and corporate products through related companies or partnerships, associations, or direct or indirect intermediaries. The participating companies and individuals are independent of one another and have no authority, express or implied, to represent, bind, or act directly or indirectly as legal, managerial, or general agent for any purpose over any member, nor are they located in any jurisdiction other than their own.

1.2 The name STUDIO PANAMA ITALIA is to be considered a DBA, or Doing Business As, not tied to a specific company or a specific company in a specific jurisdiction, but representative of the corporate effort to be a global holding company of offshore services, and includes multiple companies, offshore and onshore, holding companies, trusts, contractors, intermediaries, tax, legal and third-party service consultancy firms, both Common Law and Civil Law companies and includes and will include as operating agents and performing its services assignees on its own behalf and as agent for the STUDIO PANAMA ITALIA Officers (as defined below) and their employees and any company under their direct or indirect control and any of their directors or employees. STUDIO PANAMA ITALIA may therefore operate under multiple different names, request payment for services under different corporate and non-corporate names, providing services pertaining to the name used and through multiple websites, in the languages ​​​​that are decided to use for specific market niches and geographical locations. STUDIO PANAMA ITALIA operates various intermediation services with different names and websites in Italian, different names and websites in English, different names and websites in Spanish, different names and websites in French, different names and websites in Russian and provides in-person consultancy and has offices at different addresses in the same country depending on the market niche and geolocation and origin of that niche.

1.3 STUDIO PANAMA ITALIA Officials means any person or company appointed by STUDIO PANAMA ITALIA who may be appointed from time to time as a director, alternate director, secretary, assistant secretary, manager, partner, accountant, fiscal agent, trustee, protector, bank signatory, other officer, director, registered agent, registered office or domicile provider, or registered shareholder of the Company and its employees and any company under their direct or indirect control and any director or employee thereof (this term means each of them). The officials or their collaborators or those who provide contact with clients and consequently the traceability of conversations may be lawyers, assessors, notaries, tax advisors, and third-party service providers of any nationality. STUDIO PANAMA ITALIA has an interest in maintaining a professional relationship within its team that allows it to perform the services requested by clients with diligence and knowledge.

1.4 Company means the company, trust, partnership, or other entity established and/or managed by STUDIO PANAMA ITALIA at the request of the Owners (as defined below). The following websites are currently part of the corporate chain: residenzapanama.com and residenzainparaguay.com .

1.5 Services means the provision by STUDIO PANAMA ITALIA and/or STUDIO PANAMA ITALIA Managers of management, administration and other services requested by Owners or Owner's Agents (as defined below) or other activities necessary to maintain the Company in good standing, including, where applicable, the statutory registers of the country of establishment/incorporation of the Company. Services also means all provision of banking and migration products.

1.6 Owners means the beneficial owners or owner of the Company whose expression includes, in the case of an individual, their heirs, personal representatives and assigns and, in the case of more than one person, such persons jointly and severally and includes the survivor or their survivors and their respective heirs, personal representatives.

1.7 Managing Agent means a person who may be authorized by all Company Owners to submit requests to STUDIO PANAMA ITALIA relating to the Company and other services.

1.8 Appointed Proprietors means any person who is not an Officer of STUDIO PANAMA ITALIA and who may from time to time be appointed or act as a delegated agent, director, alternate director, secretary, assistant secretary, manager, partner, trustee, protector, bank signatory, other officer, holder of a power of attorney, administrator, registered agent, provider of a registered office or address for legal services or registered shareholder of the Company.

1.9 Terms of Business means these Terms of Business or any other new Terms of Business that may be published from time to time on the STUDIO PANAMA ITALIA website or of which the appointed Owners may be informed from time to time.

1.10 Illegal Activities means any unlawful activity which, without prejudice to the generality of the foregoing, includes terrorist activities; drug trafficking; money laundering; receiving the proceeds of criminal activity; or trading with any country which may from time to time be subject to any embargo imposed by the United Nations Security Council, the European Union, or the United Kingdom and the United States. 1.11 Prohibited Persons means persons:

1.11.1 Prohibited by the laws of any country because you are a minor or lack legal capacity (for any reason) or otherwise not qualified to be a party to a contract.

1.11.2 Who are financially bankrupt, have not discharged or are otherwise disqualified from acting as a director or who have been imprisoned or found guilty of any criminal offence (other than a motor vehicle offence which carries a non-custodial sentence).

1.11.3 Anyone who has been proven to be acting fraudulently or dishonestly in any civil proceeding.

1.11.4 Who reside in a country subject to any international restrictions or embargoes including, but without prejudice to the generality of the foregoing, those imposed by the United Nations Security Council, the European Union or the United Kingdom and the United States

1.12 Prohibited activities means:

1.12.1 Activities not currently approved by STUDIO PANAMA ITALIA OR ANYONE WORKING FOR THEM AND OPERATES THE SERVICES INTERMEDIATED BY STUDIO PANAMA ITALIA are activities involving: weapons, arms, or ammunition; mercenaries, or contract soldiers; security and riot control equipment such as stun guns, electronic restraints, CS gas or other similar materials, pepper spray, or any other device that could lead to human rights abuse or be used for torture; technical surveillance equipment or bugging devices; industrial espionage; hazardous or potentially hazardous biological, chemical, or nuclear materials, including equipment or machinery for the production or handling of such materials and the transportation, handling, disposal, or dumping of such materials; human or animal organs; animal abuse, genetic material; adoption agencies including surrogacy; refugee or human rights abuse; pornography; drug paraphernalia, issuing diplomas or qualifications; the provision of credit cards; Pyramid sales, timeshares, religions, religious cults and charities, money laundering.

1.12.2 Financial activity involving: soliciting funds from the public; offering investment advice to the public; and managing investments other than those where the assets so managed include ownership of the Company or the management and administration of collective investment schemes.

1.12.3 Unless otherwise agreed in writing, any activity relating to the provision of financial services that requires a license in any jurisdiction.

1.12.4 Any activity that may damage the good reputation of STUDIO PANAMA ITALIA AND ITS ASSOCIATES or the country of establishment/incorporation of the Company.

If Owners or Appointed Owners are or become Persons Prohibited to Operate or engage in any illegal activity or the Company engages in any illegal activity or prohibited activity, STUDIO PANAMA ITALIA may, at its discretion, immediately terminate the Services or take all or any action authorized in Clause 8.4 of these Terms of Business.

3.1 The Owners confirm, undertake, warrant and covenant with STUDIO PANAMA ITALIA and the Officers OF STUDIO PANAMA ITALIA AND ITS foreign and domestic ASSOCIATES that they are the ultimate beneficial owners of the Company or the services provided and that they are not and will not act in a fiduciary capacity for any other person, firm or corporation in relation to the company for the benefit of the services provided.

3.2 The Owners confirm and warrant that they, and will ensure that the Appointed Owners:

3.2.1 will comply with these Terms of Business.

3.2.2 will agree to act if appointed as Data Processors and that such Data Processors understand their legal duties and obligations.

3.2.3 have availed themselves of adequate tax and legal advice in Italy or their respective country of residence and tax residence and regular business, regarding the establishment and operation of the Company or the use of the services provided by STUDIO PANAMA ITALIA AND ITS ASSOCIATES

3.2.4 agree that STUDIO PANAMA ITALIA E ASSOCIATI and the Officers of STUDIO PANAMA ITALIA E ASSOCIATI may (but shall in no event be obliged to) rely on communications received from the Owners or the Managing Agent in determining what steps are necessary to take in the administration of the Company and the provision of the Services.

Owners (for themselves and on behalf of the Appointed Owners) undertake to STUDIO PANAMA ITALIA and the Officers of STUDIO PANAMA ITALIA ED ASSOCIATI and to the Company and, where applicable, will cause the Company to undertake to STUDIO PANAMA ITALIA and the Officers of STUDIO PANAMA ITALIA that at all times they INDEMNIFY and WILL HOLD INDEMNIFIED STUDIO PANAMA ITALIA and the Officers of STUDIO PANAMA ITALIA and their ASSOCIATES:

4.1 against all actions, suits, proceedings, claims, demands, costs, expenses and liabilities which may arise or occur or be taken, commenced, initiated or demanded by or against STUDIO PANAMA ITALIA or the Officers of STUDIO PANAMA ITALIA in connection with or arising out of the use or actions of the Company or the provision of the Services;

4.2 in relation to anything done or omitted by STUDIO PANAMA ITALIA or STUDIO PANAMA ITALIA Officials, provided that this provision shall not apply to any liability for death or personal injury arising from the negligence of STUDIO PANAMA ITALIA or STUDIO PANAMA ITALIA Officials or to any liability arising as a result of fraud on the part of STUDIO PANAMA ITALIA or STUDIO PANAMA ITALIA Officials;

4.3 in relation to any failure by STUDIO PANAMA ITALIA and the Officials of STUDIO PANAMA ITALIA to comply, in whole or in part, with any instructions or requests made by the Owners, the Owner's Representatives or the Company and that STUDIO PANAMA ITALIA and the Officials of STUDIO PANAMA ITALIA shall not be liable for any failure to receive the same or for any errors or ambiguities contained therein;

4.4 in relation to any loss or damage arising from the use of fax or email, including the use of unencrypted email, failed or incomplete transmission, distortion and loss of privacy resulting from viruses or otherwise;

4.5 in relation to any penalties, fines, fees or other liabilities incurred by Owners and/or Appointed Owners and/or the Company in connection with the Company and/or the Services.

STUDIO PANAMA ITALIA and the Officials of STUDIO PANAMA ITALIA AND THEIR ASSOCIATED DOMESTIC AND FOREIGN COMPANIES AND THIRD PARTIES ALSO OPERATING AS INTERMEDIARIES ON BEHALF OF STUDIO PANAMA ITALIA expressly decline any liability towards the Owners, the Appointed Owners, the Company and third parties for any damage or loss to the Owners, the Appointed Owners, the Company or any other person arising from the acquisition or operation of the Company and/or the Services by the Owners, the Appointed Owners, the Company or any other person.

6.1 Owners must give STUDIO PANAMA ITALIA E LORO ASSOCIATI TUTTI 90 days' written notice of their intention to discontinue the Services. After this period, the service must be maintained and honored, and failure to honor the service within the timeframe will result in a penalty of $100 per day for each day of late payment.

6.2 Owners must obtain STUDIO PANAMA ITALIA's written consent before seeking to change the beneficial ownership of the Company or appoint new Owner Representatives and such requests must be accompanied by details of such proposed changes or appointments which do not affect the generality of the foregoing including a certified copy of the passport and proof of residential address of such persons and STUDIO PANAMA ITALIA reserves the right to request further information relating to such proposed changes and to refuse to accept such requests.

6.3 Owners must and shall cause Owner Representatives to:

6.3.1 THEY AGREE to immediately inform STUDIO PANAMA ITALIA of any matter that may affect the willingness or ability of the Company and/or STUDIO PANAMA ITALIA to provide or continue to provide the Services.

6.3.2 Inform STUDIO PANAMA ITALIA of the nature of the Company's activities and seek STUDIO PANAMA ITALIA's written consent before making any material changes to such activities.

6.3.3 Request the written consent of STUDIO PANAMA ITALIA before placing any advertisement or public announcement relating to a Company or any activity that may be undertaken by it.

6.3.4 guarantee at all times the due payment and reimbursement to STUDIO PANAMA ITALIA of all commissions, disbursements and expenses incurred by STUDIO PANAMA ITALIA in relation to the Company and the provision of the Service

When STUDIO PANAMA ITALIA provides Officers of STUDIO PANAMA ITALIA

7.1 If STUDIO PANAMA ITALIA provides officers of STUDIO PANAMA ITALIA or associated third parties and intermediaries even in other locations, the owners must, at all times, maintain the Company with sufficient funds to discharge its liabilities as and when they become due and upon request of STUDIO PANAMA ITALIA E ASSOCIATI

7.2 If STUDIO PANAMA ITALIA provides Officials of STUDIO PANAMA ITALIA and its associates or third party intermediaries, the Owners shall and shall ensure that the Appointed Owners shall:

7.2.1 Immediately inform STUDIO PANAMA ITALIA of any matter that may affect the Company or any matter relevant to the management or business of the Company.

7.2.2 Upon request by STUDIO PANAMA ITALIA or STUDIO PANAMA ITALIA Managers, immediately provide all information requested by STUDIO PANAMA ITALIA to assist STUDIO PANAMA ITALIA in preparing the Company's financial statements.

7.2.3 Upon request of STUDIO PANAMA ITALIA or STUDIO PANAMA ITALIA Officials, disclose to STUDIO PANAMA ITALIA or STUDIO PANAMA ITALIA Officials any and all information relating to any business assets, transactions or activities of the Company.

7.2.4 Request written consent from STUDIO PANAMA ITALIA before attempting to dispose of, assign, sell, pledge, or otherwise dispose of or encumber the Owners' or Appointed Owners' interests in the Company or any part thereof. STUDIO PANAMA ITALIA reserves the right to request further information regarding such proposed changes and to refuse to accept such requests and to prosecute those who violate these rules, including internationally through its network of associated firms worldwide.

7.2.5 Where Appointed Holders hold a Power of Attorney from the Company, they shall act in the utmost good faith towards the Company, maintain accurate records, disclose in writing to the Company all relevant facts relating to potential conflicts of interest with the Company and the Officers of STUDIO PANAMA ITALIA and their ASSOCIATES and shall inform the Company and the Officers of STUDIO PANAMA ITALIA in writing each time a power is exercised and the details of such acts and shall acknowledge that if the Company is fraudulently induced to execute a Power of Attorney or any assignees act unlawfully or FRAUDULENTLY in the expectation that any transactions to the benefit of such assignees can be reversed, such assignees will be liable for indemnity to the grantor.

8.1 The Owners, the Appointed Owners and the Company undertake to provide all requests to STUDIO PANAMA ITALIA and the Officials of STUDIO PANAMA ITALIA and their ASSOCIATES, THIRD PARTIES AND NATIONAL AND INTERNATIONAL PHYSICAL AND CORPORATE INTERMEDIARIES, in writing via email and STUDIO PANAMA ITALIA will consider such requests only if they are signed by all the Owners or by the Managing Agent with a valid and annotated document.

8.2 Owners acknowledge that STUDIO PANAMA ITALIA is bound by regulatory and other obligations under the laws and regulations of the jurisdiction in which the Services are provided and the jurisdiction of incorporation/opening of the Company or provision of banking, trust, and migration intermediation services and agree that any action taken by STUDIO PANAMA ITALIA or the Officers of STUDIO PANAMA ITALIA and their NATIONAL AND INTERNATIONAL ASSOCIATES AND NATIONAL AND INTERNATIONAL PHYSICAL AND CORPORATE INTERMEDIARIES to comply with such laws or regulations will not constitute a breach of STUDIO PANAMA ITALIA AND ASSOCIATES AND THEIR INTERMEDIARIES ALL obligations hereunder.

8.3 STUDIO PANAMA ITALIA and the Officers of STUDIO PANAMA ITALIA E ASSOCIATI shall under no circumstances be required to take any action which they consider to be unlawful or improper or which may cause STUDIO PANAMA ITALIA or any of the Officers of STUDIO PANAMA ITALIA E ASSOCIATI to incur any personal liability and the Owners, the Appointed Owners and the Company agree that STUDIO PANAMA ITALIA E ASSOCIATI shall not be liable to them for refusal to take such action.

8.4 Where permitted by these Terms of Business or if instructions are requested by STUDIO PANAMA ITALIA E ASSOCIATI or the Officials of STUDIO PANAMA ITALIA E ASSOCIATI and STUDIO PANAMA ITALIA E ASSOCIATI has not received instructions within 30 days, or if the urgency of the matter requires action within a shorter period as set out in the request, STUDIO PANAMA ITALIA or the Officials of STUDIO PANAMA ITALIA E ASSOCIATI may immediately and without any liability to the Owner, the Appointed Owners or the Company or requesting any service for sale and/or sold, take no further action on a particular matter; or take no further action against the Company services and/or the Owners and/or the Appointed Owners; or take any other action which in their absolute discretion they deem appropriate or which may be advised by their legal advisors, terminate the business relationship with the customer, seek the payment of compensation and fines privately processed against the customer, not fulfill further products, terminate early and without refund any existing or previously paid services or disclose the information of the customer(s) to the relevant authorities and take criminal action against them in courts including internationally. The Owners irrevocably agree and consent that, if the Company is a corporation of which the Officers of STUDIO PANAMA ITALIA E ASSOCIATI are directors or officers of such corporation, or the Company is a partnership and the Officers of STUDIO PANAMA ITALIA E ASSOCIATI are members or managers of such corporation, or the Company is a trust and the Officers of STUDIO PANAMA ITALIA E ASSOCIATI INCLUDING THIRD PARTIES are fiduciaries or protectors of such trust, STUDIO PANAMA ITALIA or the Officers of STUDIO PANAMA ITALIA E ASSOCIATI may, without further notice to the Owners, take such action as they in their absolute discretion deem appropriate which, without prejudice to the generality of the foregoing, include cancelling, dissolving or liquidating the Company; or effecting the resignation of all or any of the Officers of STUDIO PANAMA ITALIA; or transferring all or any of the shares, capital or interests of the Company into the name of the Owners; or appoint the Owners as a director, officer, trustee or protector of the Company; or take any other action that in their sole discretion they deem appropriate or that may be advised by their legal advisors.

9.1 Ownership of a Company will not pass to the Owners until STUDIO PANAMA ITALIA has received full payment, no refunds are provided after an order has been processed, and no refunds will be made in the event STUDIO PANAMA ITALIA ceases to provide the Services.

9.2 STUDIO PANAMA ITALIA will not provide Services unless STUDIO PANAMA ITALIA THROUGH ITS COMPANY PAYMASTER SHEVAT CONSULTING OR ANY OTHER COMPANY SPECIFIED AT THE TIME TO RECEIVE PAYMENTS has received in full and in advance all fees and disbursements due in connection with the Company or the provision of the Services that the company STUDIO PANAMA ITALIA offers through its website

9.3 The Owners irrevocably authorize STUDIO PANAMA ITALIA to withdraw money from any funds held by it on behalf of, or in any account operated by it, on behalf of the Owners and/or the Company for the purpose of discharging all fees and charges due to or from STUDIO PANAMA ITALIA or the Company.

9.4 If STUDIO PANAMA ITALIA ceases to provide Services or if Owners inform STUDIO PANAMA ITALIA that they no longer need a Company, the Company or the Owners must reimburse STUDIO PANAMA ITALIA for any fees or costs that may be incurred and pay the fees of STUDIO PANAMA ITALIA AND ITS ASSOCIATES in connection with the cancellation, dissolution, liquidation or transfer of the Company or change of migration service or other service sold or otherwise to replace STUDIO PANAMA ITALIA or the STUDIO PANAMA ITALIA Officers

9.5 The rates are those indicated in the STUDIO PANAMA ITALIA Price List, as published from time to time, or as may be agreed upon with the Owner. Any changes will be published on the STUDIO PANAMA ITALIA website or notified to the Owner from time to time.

9.6 Where any fees for the Services remain unpaid for more than 60 days, STUDIO PANAMA ITALIA and the Officers of STUDIO PANAMA ITALIA AND SHEVAT CONSULTING LLC OR OTHER ASSOCIATES may, at their discretion, immediately terminate the Services and/or obtain direct payment from any of the Company's and/or Owners' assets and in such circumstances STUDIO PANAMA ITALIA reserves the right to treat these Terms of Business as terminated without further obligation and to act in accordance with clause 8.4 of these Terms of Business.

9.7 Unless otherwise agreed in writing with the Owners, STUDIO PANAMA ITALIA will not pay any interest on any monies held by STUDIO PANAMA ITALIA for the benefit of the Company and/or the Owners and/or the Owners' Agents.

9.8 STUDIO PANAMA ITALIA and its affiliated companies and their officers, agents and employees have the right to retain any commission or compensation that is paid or that may be due to it notwithstanding that such commission or compensation is due as a direct or indirect result of STUDIO PANAMA ITALIA or of its agents, including third parties connected to STUDIO PANAMA ITALIA E ASSOCIATI, acting on behalf of the Owners and/or the Owners' Agents.

9.9 In the event that the Owner requests STUDIO PANAMA ITALIA E ASSOCIATI to transfer the management of the Company or a service sold on the website to another agent or provider of corporate, migration and banking services, STUDIO PANAMA ITALIA E ASSOCIATI will not transfer the Company or the services until all outstanding fees (including government fees, duties, taxes and other third party disbursements and professional and relocation service) have been paid in full.

10.1 Before requesting the provision of any Services by the Agent, the Intermediary must obtain the following Due Diligence Information on the Client and all individuals and entities directly involved in the Company as shareholders, directors, account signatories, attorneys-in-fact, or in any other similar capacity, unless such individuals or entities are already known to the Agent: A photocopy of the current passport, certified as a true copy by a notary, lawyer, solicitor, consular officer, bank official, or other person of similar official standing. This photocopy must include the passport holder's signature page and must be of such quality that the passport holder's face can be clearly identified. Upon the expiration of this passport, the Intermediary will obtain a similar copy of the new, valid passport.

10.2 Before any Services are provided by the Agent, the Intermediary will provide the Agent with an Order Form and a complete set of standard copies of the Due Diligence Information, as described above, such copies to be sent to the Agent by any means of Communication, except fax. If specifically requested by the Agent, the Intermediary will provide the Agent with further details regarding the Client's background and activities.

10.3 In addition to the Due Diligence Information, the Intermediary must always keep Clients' contact details up to date, including residential and postal addresses, telephone and fax numbers, and email addresses.

10.4 If the Client is a corporation or a group of related companies (e.g., related by mutual holdings), the Agent must obtain due diligence information on all private individuals who are the ultimate beneficiaries of that group of related companies. This condition does not apply if the corporate Client is a public limited company.

10.5 The Intermediary must retain the Due Diligence Information for at least five years from the date of termination of the business relationship between the Intermediary and the Client.

10.6 If the Agent is required by law at any time to retain Original Due Diligence Information, the Intermediary shall provide all such documents, as requested by the Agent, within five business days of receiving such request. The Intermediary hereby confirms that there are no obstacles or limitations, particularly those imposed by any confidentiality rules, that prevent the Intermediary from releasing such documents to the Agent.

10.7 The Intermediary will not provide any of the Services to third parties knowing that they are intended for subsequent resale without imposing the same Due Diligence requirements set out above on such third parties.

10.8 Before any Services are provided by the Agent to the Intermediary, the Intermediary will provide the Agent with original Due Diligence Information about the Intermediary. This Due Diligence Information must be provided only once at the beginning of the business relationship between the Agent and the Intermediary, and thereafter must be updated only from time to time to reflect any material changes in the Intermediary's organization, as applicable.

10.9 Further related information is available in the separate notice on this website, namely “AML Policy and Know Your Customer KYC Requirements”

10.10. Any corporate, immigration, banking, financial, or corporate service is provided on the basis of evidence of the accuracy and clarity of the information obtained from the customer, and it is the customer's sole responsibility to provide such information within 30 days of payment for the service, under penalty of cancellation of the service without refund

When STUDIO PANAMA ITALIA provides officials of STUDIO PANAMA ITALIA, STUDIO PANAMA ITALIA and the officials of STUDIO PANAMA ITALIA have the right to take any action which, in their absolute discretion, they deem appropriate to protect the interests and/or assets of the Company and companies connected to them or to which they report and to take such professional advice in the interest and at the expense of the Company as STUDIO PANAMA ITALIA or the Officers of STUDIO PANAMA ITALIA may deem necessary.

13.1 STUDIO PANAMA ITALIA and the STUDIO PANAMA ITALIA Representatives have the right to cease providing the Services without notice if:

13.1.1 The Owners or the Appointed Owners do not observe these General Conditions;

13.1.2 STUDIO PANAMA ITALIA or STUDIO PANAMA ITALIA Managers become aware that the Company OR THE Service is being used for activities that have not been included in the application form provided by the Owners to STUDIO PANAMA ITALIA or as subsequently advised and accepted in writing by STUDIO PANAMA ITALIA;

13.1.3 In the event of the death of any Owner or Owner's Representative, the Owners fail to provide STUDIO PANAMA ITALIA, within a reasonable time, with the name of a suitable replacement;

13.1.4 In the event of the death of an Owner, including in the case of joint persons acting as Owners, the death of any such person, the Owners shall not dispose of the affairs and Property of the Company;

13.1.5 When STUDIO PANAMA ITALIA provides officials of STUDIO PANAMA ITALIA, any of the STUDIO PANAMA ITALIA officials resign or in the event that legal proceedings are initiated against the Company (including any injunctive relief or investigative proceedings).

13.2 In any of the circumstances described in Clauses 12. and 13. above, STUDIO PANAMA ITALIA reserves the right to act as authorised in Clause 8.4 of these Terms of Business and reserves the right to treat these Terms of Business as automatically terminated without any obligation on the part of STUDIO PANAMA ITALIA

13.3 STUDIO PANAMA ITALIA may cease providing Services at its discretion if it provides 24 hours' notice to the Owners or the Managing Agent of its intention to do so.

13.4 The Company, the Owners, and the Owners' Agents acknowledge that STUDIO PANAMA ITALIA and STUDIO PANAMA ITALIA's Agents may have continuing regulatory/fiduciary duties under applicable law. Accordingly, without prejudice to the rights of STUDIO PANAMA ITALIA and STUDIO PANAMA ITALIA's Officers, it is agreed that STUDIO PANAMA ITALIA and STUDIO PANAMA ITALIA's Officers will have the right (but not the obligation) to continue providing Services in compliance with such duties, and STUDIO PANAMA ITALIA will have the right to charge its applicable rate for the provision of the Services.

In offering and providing the Company and/or the Services, STUDIO PANAMA ITALIA and the Officials of STUDIO PANAMA ITALIA do not, nor should they be construed as in any way sanctioning, advocating or condoning directly or indirectly the commission of any unlawful act or omission by any person or company in any jurisdiction or the use of the Company or the Services for any unlawful or fraudulent purpose.

Any notice given by the Owners, the Owner's Representatives, the Company, the Managing Agent, STUDIO PANAMA ITALIA or any Officer of STUDIO PANAMA ITALIA, which is delivered personally, shall be deemed given at the time of such delivery; sent by post to SWITZERLAND, USA, PANAMA, PARAGUAY OR UK, shall be deemed legally delivered 3 days after posting; sent by courier, shall be deemed delivered 7 days after posting; sent by airmail, shall be deemed delivered 9 days after posting;

16.1 These Terms of Business supersede all previous Terms of Business and agreements, whether oral or written, relating to such subject matter.

16.2 No exercise or failure to exercise or delay in exercising any right or remedy conferred upon any party under these Terms of Business shall constitute a waiver by that party of that or any other right or remedy.

These Terms of Business shall be governed by and construed in accordance with the laws of all jurisdictions where it is legally established and shall be given consideration to the dynamics of each case and, where appropriate, shall cause the Company to irrevocably submit to the exclusive jurisdiction of the courts in Panama, the USA, or any other jurisdiction.

STUDIO PANAMA ITALIA has always recognized its responsibilities to its staff, clients, and fellow professionals. These responsibilities extend to international regulators, the group's shareholders, and the broader community, particularly the environment.

We are a professionally, responsibly, and ethically managed company, determined to be widely recognized for our “Excellence in Global Business Services,” the expertise of the multidisciplinary and multilingual professionals we work with, and the seriousness with which each and every one of us is aware of and assumes our corporate responsibilities.

STUDIO PANAMA ITALIA is proud of our role as a leading global provider of corporate and migration services to the international community, and as part of this role, we recognize our unique responsibility to understand the concerns of others.

Our goal through this website is to provide information and demonstrate that the group is both a responsible corporate entity and a responsible global provider of professional services.

Any changes we may make to this policy in the future will be posted on this website. Changes will take effect immediately and will be binding on you upon posting, regardless of the date of delivery of the requested and/or paid for service.

By accessing the Site, you acknowledge and accept these Terms and Conditions of Use and are bound by the Agreement. If you do not agree to these Terms and Conditions of Use, please do not access or use this website. If you do not agree to be bound by the Agreement, please do not use our services. If you are under 18, you confirm that you have the permission of your parents or legal guardians to use this website. If you are under 18, please do not use this site under any circumstances. Please remember that if you do not understand the terms described herein, you should consult a specialized lawyer and contact us through a law firm that serves you.

Violations of these Terms and Conditions of Use may result in termination of your account with or without notice or in accordance with the terms above.

The section titles in these Terms of Service are for convenience only and have no legal or contractual effect unless otherwise stated by us. These Terms of Service and your account with us or on the website are personal to you and may not be transferred or assigned to anyone else.

Responsibility for accepting the terms In order to always proceed without any opposition and in a transparent manner to the provision or reading of the website, the user accepts this mandate of additional specific responsibility

YOU ACKNOWLEDGE AND AGREE THAT THE WEBSITE; ITS OWNERS, DIRECTORS, EMPLOYEES AND AFFILIATES, END USERS, END BENEFICIARIES, WHETHER UBO OR OTHER LEGAL TYPES, CREATORS AND DEVELOPERS, WEB MASTERS, WEB ENGINEERS, WEB DEVELOPERS, DNS AND HOSTING ADMINISTRATORS, DEVELOPMENT PLATFORMS AND SEARCH ENGINES WHERE IT IS LOCATED AND USED, WILL UNDER NO CIRCUMSTANCES BE LIABLE FOR ANY LOSS OR DAMAGE RELATED DIRECTLY OR INDIRECTLY TO THE USE OF THE WEBSITE OR THROUGH THE USE OF ANY PRODUCTS OR SERVICES SOLD IN CONNECTION WITH THE WEBSITES OR THE INABILITY TO UNDERSTAND THE INFORMATION CONTAINED THEREIN.