Panama suspends 381,000 corporations
As part of the fight against money laundering, the Panama Government has ordered the suspension of 381,000 registered corporations for not complying with the requirements established by law sys The Ministerial adviser of facilitation of private investment, José Alejandro Rojas.
Law 52 of 2016 empowers the Public Registry to suspend the corporate rights of legal persons (such as corporations) for remaining without designating a resident agent, for not paying the single fee for three years or for being delinquent in paying fines
