Panama accounting requirements
Annual filings now legally required
Holding companies legal obligations
It is worth mentioning that as resident agents, the law requires us to submit a sworn statement to the Ministry of Economy and Finance no later than 30 days after the expiration of the six-month period mentioned above. Said report must include only the name of the company, the registration number and whether or not it delivered the accounting records within the term of six months.
It is worth mentioning that there are a number of situations that the authorities of the Republic of Panama must regulate, in order to make them very clear for all the actors. However, while we wait for this to happen, we urge all our clients, if they have not already done so, to start keeping accounts of all their transactions and those clients whose entities are exclusively dedicated to being asset holders, to carry out a evaluation through an accountant and that the latter issues a certification detailing the information required by law.
If you do not already have an accountant, we will be happy to refer your case to an accountant in Panama to prepare accounting records. We ask that you send us the accounting records and supporting documents or a copy of them, or you can contact us to request access to a special form to send us the information electronically.
Any consult or doubt, we are at your service.
Our company licensing services
— What we do and do not do
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.
TBA & Associates Tax Business Advisors does not provide or carry out any sort of Cryptocurrency or Financial services!
Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.