> ## Documentation Index > Fetch the complete documentation index at: https://v2.docs.conduit.financial/llms.txt > Use this file to discover all available pages before exploring further. # Panama > How to collect KYB documents from business customers in Panama (PAN) when onboarding through the Conduit API. ## Overview | Field | Value | | ------------ | -------------------------- | | Region | Latin America | | ISO 3166-1 | PA / PAN | | Registry | Registro Público de Panamá | | Last updated | 2026-05-04 | ## Identifiers Collect two identifiers from each business customer in Panama and submit them as strings on the application body. | API field | Local name | Issuer | | ------------------------------- | ----------------- | ----------------------------------- | | `businessInfo.taxId` | **RUC** | DGI (Dirección General de Ingresos) | | `businessInfo.businessEntityId` | **Folio / Ficha** | Registro Público de Panamá | *Tax ID:* Registro Único de Contribuyentes for tax purposes. *Registration number:* Folio or ficha number assigned at the Public Registry. ## Sector regulators `SBP` · `SMV` · `SSRP` ## Legal structures | Local name | Abbreviation | Description | | ---------------------------------------------- | ------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Sociedad Anónima | S.A. | Share-capital company with limited shareholder liability; no minimum capital, no nationality restrictions, requires 3+ directors. Equivalent to a US C-Corp. | | Sociedad en Comandita por Acciones | S.C.A. | Limited partnership with shares; one or more general partners bear unlimited liability while limited partners are liable only to their subscribed shares. Closest US equivalent: Limited Partnership (LP). | | Sociedad de Responsabilidad Limitada | S.R.L. | Quota-based closely-held company; members' liability limited to their quota contribution, interests not freely transferable. Equivalent to a US LLC. | | Sociedad en Nombre Colectivo | S.N.C. | General partnership with all partners trading under a collective name and bearing joint and unlimited personal liability. Equivalent to a US General Partnership. | | Sociedad en Comandita Simple | S. en C. | Limited partnership with at least one general partner bearing unlimited liability and one or more limited partners liable only to their capital contribution. Equivalent to a US Limited Partnership. | | Persona Natural Comerciante | — | Individual merchant registered with the Registro Público and RUC; trades in own name with unlimited personal liability. Equivalent to a US Sole Proprietorship. | | Empresa Individual de Responsabilidad Limitada | E.I.R.L. | Single-owner entity conferring limited liability on the sole proprietor; personal assets shielded from business debts. Equivalent to a US Sole Proprietorship. | | Sociedad Civil | — | Civil-law partnership used primarily by professionals; governed by civil law with partners bearing unlimited liability. Equivalent to a US General Partnership. | | Fundación de Interés Privado | F.I.P. | Asset-holding foundation under Law 25 of 1995; separate legal personality with no shareholders, used for estate planning and wealth management. Equivalent to a US Statutory Trust or Private Foundation. | | Cooperativa | — | Member-owned cooperative society organized under Law 17 of 1997; profits distributed as patronage refunds rather than dividends. Equivalent to a US Cooperative. | | Sucursal de Sociedad Extranjera | — | Branch of a foreign company registered to conduct business in Panama; no separate legal personality from parent entity. Equivalent to a US Foreign Branch or Representative Office. | ## How documents combine For each evidence area, this table shows whether the listed documents are alternatives (any one of) or a bundle (all required). The artifact-by-artifact lookup follows below. | Evidence area | Documents needed | | ---------------------- | ----------------------------------------------------------------------------------------- | | Legal Registration | Cert. del Registro Público | | Constitutive Documents | Pacto Social | | Tax Registration | Certificado RUC | | Operating Permit | Aviso de Operación | | Ownership Records | *All required:* Pacto Social + Registro de Acciones | | Governance Records | Cert. del Registro Público | | Signing Authority | *All required:* Cert. del Registro Público + Acta de Junta Directiva | | Address | *Any one of:* Contrato de Arrendamiento · Recibo de Servicios · Estado de Cuenta Bancario | | Good Standing | Certificado de Vigencia | ## Documents to collect The physical documents you'll collect from your customer, with the evidence area each one proves. One document can prove multiple areas — for example, Brazil's Cartão CNPJ covers both tax and business-registration proof, so it appears once with both areas listed. | Document | Proves | | -------------------------------------------------------- | --------------------------------------------------------- | | **Cert. del Registro Público (Folio/Ficha)** | Legal Registration, Governance Records, Signing Authority | | **Pacto Social** | Constitutive Documents, Ownership Records | | **Certificado RUC (DGI)** | Tax Registration | | **Aviso de Operación (MICI / Panama Emprende)** | Operating Permit | | **Registro de Acciones** | Ownership Records | | **Acta de Junta Directiva** | Signing Authority | | **Contrato de Arrendamiento** | Address | | **Recibo de Servicios (≤90 días)** | Address | | **Estado de Cuenta Bancario (≤90 días)** | Address | | **Certificado de Vigencia (Registro Público de Panamá)** | Good Standing | | **Sector-Specific License** | SBP, SMV, SSRP | ### Collection notes * **Address:** Lease has no time bound; utility bill and bank statement must be dated within 90 days. The same document satisfies both registered-address and operating-address checks. * **Good Standing:** Issued by the Sección de Certificaciones of the Registro Público de Panamá; confirms the company is Vigente (active), has paid its Tasa Única annual franchise tax and certifies the current Board of Directors. Available digitally with QR verification via the Registro Público e-services platform. Validity 30 calendar days from issue for banking and commercial use; request a certificate dated within 30 days of submission. ## Person roles When you submit a person on the application body, set their `role` to one of Conduit's canonical `BusinessPersonRole` values. Use this table to map a local corporate-governance title onto the right canonical role. | Local role | Canonical API role | Description | | ------------------- | ---------------------- | ------------------------------------------------------------------------------------ | | Director | `CONTROLLING_PERSON` | Board member. Minimum 3. No residency requirement. | | Presidente | `CONTROLLING_PERSON` | Board chair. | | Representante Legal | `LEGAL_REPRESENTATIVE` | Legal representative. | | Agente Residente | `LEGAL_REPRESENTATIVE` | Mandatory. Local law firm or attorney. Required for all companies. Holds BO records. | ## Notes * A Panama-based resident agent (always a local attorney or law firm) is mandatory for all companies.