Panama's Ministry of Economy and Finance will begin dissolving 290,534 suspended companies from 27 February 2026, starting with 180,883 validated entities that haven't paid required fees since 2016, in a two-phase process aimed at strengthening legal transparency and meeting international compliance standards.
The Ministry of Economy and Finance (MEF) announced on 23 February 2026 that it will launch a major initiative to dissolve suspended legal entities, reinforcing Panama’s commitment to legal and financial transparency while meeting international obligations, starting 27 February 2026.
Two-phase dissolution process
The dissolution will unfold in two distinct stages. The first phase targets companies with marginal dissolution status due to non-payment of the single rate for over ten years—specifically since 2016—under Tax Code article 318-A. The second phase will address entities with suspended status in the Public Registry, following modifications introduced by Law 52 of 2016 and Law 254 of 2021.
Initial implementation details
The MEF will implement administrative resolutions from the General Directorate of Revenue issued in 2016, affecting 290,534 legal entities. The process begins with 180,883 validated companies and will proceed in a controlled, phased manner.
Citizens can track the dissolution process and review affected companies through a dedicated portal on the Public Registry website.
This initiative demonstrates Panama’s dedication to transparency, legal compliance, and both domestic and international cooperation standards.
