The operation of FPs is governed by Decree-Law No.1 of 8 July of 1999 (the “Securities Act”) together with Regulation No.5 of 23 of July of 2004 (the “Regulations”) issued by the Superintendency of the Securities Market (the “SSM”), which is the governmental body responsible for regulating funds in Panama.
There is no restriction on the type of assets the FP can invest in. However, should the FP hold local assets then it may require additional regulation in Panama.
Panama is an attractive jurisdiction for the establishment of a private fund. There are numerous advantages to establishing a FP, including but not limited to:
FUND+ is able to assist with the establishment of an FP by drafting all of the necessary documents including the constitutional document (e.g. the articles of incorporation), the offering memorandum, the subscription agreement and legal opinion to set up account with a broker.
It includes all documents required for opening a corporate bank account in most international banks (Panama IBC registration, Apostille Legalization, Certificate of Good Standing with Apostille, Certificate of Incumbency with Apostille, Corporate Seal + nominee and virtual office if required).
Additionally we advice you on how to setup your electronic money borderless account to get instant international bank details to receive money from over 30 countries around the world with zero fees. You also get Eurozone, US, Australia, and UK bank details to get paid like a local.
More info will be provided upon request