Panama Introduces Beneficial Ownership Register

Following our initial update in February 2020, we can now confirm that Panama has launched a private register of beneficial owners of Panamanian entities. Law No. 129, which sets out the legal framework for the establishment and regulation of a beneficial owner register, was approved on March 17, 2020 and became law on March 20, 2020.

See our February Update

Resident agents of Panamanian entities will be required to file certain information on the Ultimate Beneficial Owner of the entity at the Superintendence of Non-Financial Institutions. This information will not be available to the public.

The new law will apply to all entities incorporated and registered in Panama: companies, foundations, SRLs and foreign entities registered at the Panama Public Registry.

Our briefing note provides more detailed information on the Law and the actions we will take in relation to it.

Read our briefing for more information.

Lea nuestro informe para más información.