Panama: obligation to provide accounting records to Resident Agent – practical effect from 2025
In Panama, the application of accounting records requirements in the context of companies' interaction with Resident Agents has been strengthened in practice in 2025.
Essence of the requirement
Based on previously adopted regulations, in 2025, the practice was established whereby legal entities are required to annually:
- provide the resident agent with confirmation of the storage of accounting records, and/or
- transfer the accounting records themselves, depending on the model used.
The requirement applies to all Panamanian companies, regardless of their operational activity in Panama.
Practical effect
The obligation has become a real element of compliance, rather than a formal norm.
The focus of audits is on:
- Resident Agent files;
- UBO documentation;
- evidence of accounting and record keeping.
The absence of confirmation may create risks during servicing and audits.
