PANAMA: Accounting records due April 30, 2026.

Panamanian legal entities and private interest foundations that do not conduct operations in Panama or exclusively hold assets within or outside Panama are required to provide their Resident Agent with their Accounting Records and Custody Form no later than April 30, 2026. 

Required Relevant Documentation

Pursuant to the entity’s particulars, one of the following may apply:

1. Sworn Affidavit – applicable only when the entity acts exclusively as a holding company, does not generate taxable income in or from Panama, and all beneficial owners are Panamanian citizens. 

   Click here to download the Sworn Affidavit Form

   
   

2. Financial Statement or Financial Situation Report – required when the entity generates income outside Panama, or when the entity acts exclusively as a holding company and has foreign beneficial owners.

   Click here to download the Financial Situation Report Form

   
   

3. Certification of No-Operation – applicable when the entity does not conduct activities, generate income, or hold assets within or outside Panama.

   Click here to download the Certification of Non-Operation Form

• Accounting Records Custody form – If not previously submitted, the Accounting Records Custody Form must also be completed and provided to us: 

  Click here to download the Custody Form

Consequences of Non-Compliance

Failure to comply may result in:

• Fines ranging from US$5,000 to US$1,000,000

• Suspension of corporate rights

• Restrictions on registering documents or obtaining certificates from the Public Registry

• Obligation of the Resident Agent to report the non-compliance to the authorities 

To get further assistance and submit the necessary documents, please reach out to your Account Manager or email us at Contact@viss.com.hk.