Panama's Superintendency of the Securities Market (SMV) issued a notice to its regulated firms that the Ministry of Economy and Finance (MEF) will start a phased process on 27 February 2026 to dissolve legal entities registered in the Public Registry of Panama, with entities grouped by the applicable regime and processed in blocks. The MEF circular referenced by the SMV also sets out a government working committee chaired by the MEF, with the Ministry of Foreign Affairs and the Ministry of Commerce and Industries, and an interinstitutional working group for the cleanup of legal entities made up of the MEF, the Public Registry of Panama and the Superintendence of Non-Financial Entities. Stage 1 covers legal entities marked for dissolution due to non-payment of the fee for more than 10 years (year 2016) under Article 318-A of the Fiscal Code as amended by Law 49 of 17 September 2009, while Stage 2 covers legal entities with suspended status in the Public Registry under Article 318-A as amended by Law 52 of 27 October 2016 and Law 254 of 11 November 2021. For Stage 1, the dissolution process implements 2016 instructions from the General Directorate of Revenue (DGI) via 25 resolutions that led to dissolution markings for 290,534 legal entities, starting with a first block of 180,883 entities already homologated. As execution progresses, the MEF will provide the SMV with the cleaned information for each block, and the SMV urged regulated firms to review business relationships and services, notify clients and take any necessary measures to avoid being affected, referencing the Public Registry portal listing entities included in the first block.
Panama Superintendencia del Mercado de Valores 2026-01-26
Panama Superintendency of the Securities Market alerts regulated firms to staged dissolution of legal entities in the Public Registry from 27 February 2026
Panama's Superintendency of the Securities Market announced that the Ministry of Economy and Finance will begin dissolving legal entities in the Public Registry on 27 February 2026, starting with those marked for dissolution due to non-payment of fees for over 10 years. The phased process involves a government working committee and an interinstitutional group, with the Ministry providing cleaned information to the Superintendency as execution progresses, urging regulated firms to review and notify clients accordingly.