[2] The first flag proposed in 1903 consisted of thirteen horizontal stripes of alternating red and yellow, with a blue canton containing two golden suns, joined by a narrow line to depict North and South America joined by the Isthmus of Panama (see the depiction below).

[4] Bunau-Varilla's design was based on the flag of the United States, possibly on account of that country's hand in Panamanian independence.

The London Organising Committee of the Olympic and Paralympic Games listed the Pantone colours of the flag as red: 186 and blue: 300.

In the following places it must always be flown:[12] When the flag is hoisted, the most due respect must be shown, also at the time of its lowering; people with hats or caps should remove them from their heads and cross their right hand over their chest with the hat on it and women should place their right hand over their heart.

In case of adverse weather conditions, the flag must be lowered immediately and taken to a safe place where it will be folded.

It is said as follows, raising the right hand at a 90º angle and showing the palm of the hand: Spanish: Bandera Panameña, Juro a Dios y a la Patria, amarte, respetarte y defenderte, como símbolo sagrado de nuestra Nación[12]English: Panamanian flag: I swear to God and the Homeland, to love, respect and defend you, as a sacred symbol of our NationIt is allowed by law that residences be decorated with pennants, banners, banners and others that are variants of the colors of the national flag.

It is folded in half, leaving the blue and white cantons with the red star facing up (II); then it is folded in half again so that the corner with the blue star and the red corner are facing upwards (III).

Among these are the following:[12] The national flag is placed at half mast as a symbol of respect of the Panamanian people for a loss or tragic event that is occurring.

In addition to this, the following elements must exist:[12] To the cremation ceremony, each Government will invite the people, institutions and forces that it deems appropriate, such as:[12] When finished, the ashes are collected and buried with due respect.