Private Investment Fund with up to 20 Investors (“20-FP”)

In the Republic of Panama, the operation of investment funds and the securities market in general is regulated by Decree-Law No. 1 of 8 of July of 1999 (as amended to date, the “Securities Act”) and the regulations issued by the SSM (the “Regulations”). The government entity that is in charge of the regulation and supervision of the securities market in Panama is the Superintendency of the Securities Market (the “SSM”). In addition to the foregoing, the SSM has issued Regulation No. 5 of 23 of July of 2004 which applies specifically to investment funds in general.

Permitted Activities

This type of private investment fund recognized by Panama law is a fund with constitutional documents that state that there will be no more than twenty (20) investors due to their membership to an enterprise or an association and that the shares or quotas will be offered on a private basis and not by public means of communication. This type of fund does not have to be registered with the SSM nor notified thereto and will not be subject to compliance of the provisions of Regulation No. 5 of 23 of July of 2004.

Legal Requirements

Sr.

No

Element Requirement(s)
Entity Requirements
  • The entity making the application is a company registered under the Panamanian Public Registry or a foreign company.
  • If it is a foreign company, it must be registered at the Panamanian Public Registry as a foreign corporation.
Director’s Requirements The company will need at least 1 natural person Fit and Proper Directors of any jurisdiction.
Shareholder requirements A minimum of one shareholder is required.

About Valsen Fiduciaries

Valsen Fiduciaries is a licensed independent global service provider of a broad range of fiduciary, administrative, legal, corporate secretarial and support services.

    1. Company formations and Administration
    2. Assistance with Bank Account opening
    3. Collective Investment Setup and Administration
    4. Intellectual Property Registrations and Maintenance.
    5. Trusts and Foundations setup and administration
    6. Online Payment Gateway Solutions
    7. Banking Licenses and PSP, E-Money, E- Wallet Licenses
    8. Yacht and aircraft registrations.
    9. Cryptocurrency Solutions (ICO, STO, Crypto Exchanges etc)

The Valsen Advantage

  • We will advise you on the optimal legal structure for your requirements, size, expectations and circumstances. We have extensive knowledge of a wide range of securities dealer licenses in all major jurisdictions.
  • Valsen will assist to complete every form for each process in the best way we know how (Based on our many years’ experience with various regulators and service providers across the world)
  • We are very hands on in the post filing period checking with re regulator and service providers and updating you regularly. Any queries raised by the regulators and service providers during processing will be quickly synthesized by us and we shall craft the right responses to move the process forward fast.
  • We have a full in-house compliance support for all compliance requirements with the regulator and service providers

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