If you’re planning to engage in any business transactions in the Republic of Panama or considering forming a partnership, it’s important to ensure that the legal entity you’re dealing with is valid and registered. In Panama, the process of verifying the legitimacy of a legal entity is relatively straightforward.
Step 1: Access the Public Registry Website
The first step is to visit the website of the Public Registry of Panama. You will need to create an account if you don’t already have one. To do this, follow the registration process provided on the website. You’ll be required to provide basic information and create a username and password for your account.
Step 2: Log into Your Account
Once you’ve successfully registered, log into your account using the username and password you created during the registration process. This will grant you access to the Public Registry’s online platform.
Step 3: Visit the Folio Section
After logging in, you’ll find a menu with various options. To verify the validity of a legal entity, locate and click on the “Folio” section. The Folio section is where you can search for information related to specific legal entities registered in Panama.
Step 4: Enter the Folio Number
In the Folio section, you’ll be prompted to enter the folio number of the legal entity you want to verify. The folio number is a unique identifier assigned to each registered entity in the Public Registry. Make sure you have the correct folio number before proceeding.
Step 5: Access the Information
Once you’ve entered the correct folio number, the system will retrieve and display all the information that is publicly recorded in the national database of the Public Registry of Panama for that particular legal entity. This information typically includes details of the entity’s board of directors and resident agent, its legal status, and any significant registrations or changes.
Step 6: Review the Information
Take your time to review the information provided carefully. Ensure that it aligns with the entity you’re investigating and matches the details you have on hand. Verify the legal status, board of directors, and any relevant documentation to confirm the validity of the entity.
Step 7: Seek Assistance (if necessary)
If you encounter any difficulties during the verification process or require additional help, don’t hesitate to reach out to the Public Registry of Panama for assistance. They can provide guidance and support to ensure you have accurate and up-to-date information.
In conclusion, verifying the validity of a legal entity in Panama is a crucial step in conducting secure and lawful business transactions. By following these steps and using the resources provided by the Panamanian Public Registry, you can confidently verify the status and authenticity of any legal entity in Panama, promoting trust and transparency in your business endeavors.
If you need assistance with a legal matter in Panama, please contact us via email or phone