Expert legal guidance for Panama SMV financial licenses — investment advisors, broker-dealers, fund managers and securities firms.
Panama's capital markets regulator — the Superintendencia del Mercado de Valores (SMV) — oversees investment advisors, broker-dealers and fund managers operating in Panama.
We guide financial institutions through the complete SMV license application process, from eligibility assessment through approval and ongoing compliance.
Deep insight into Panama's tax authority processes.
Master in Public Administration — law, economics and policy.
You always deal directly with the attorney handling your case.
Licensed attorney in the Republic of Panama.
"Panama's capital markets offer a regulated, internationally recognized framework for financial services. The SMV license is the gateway to operating legally in this market."
— Lic. José Manuel Góndola Escudero · Idoneidad No. 17,005License for providing investment advice and portfolio management services in Panama.
License for buying and selling securities on behalf of clients in Panama.
License for administering investment funds registered with the SMV.
Registration of collective investment funds with the SMV for public or private offering.
Registration of securities with the SMV for public offering in Panama's capital markets.
Listing of securities on the Panama Stock Exchange (BVP) with SMV approval.
We assess your activities, capital and governance structure against SMV requirements.
Complete application package: business plan, governance, compliance program, capital documentation.
Filing with the SMV with full legal representation and follow-up.
License issuance and ongoing regulatory compliance support.
Obtaining SMV investment advisor license for regional wealth management expansion.
Formalizing family office investment activities through SMV registration.
Registering investment fund with the SMV for Latin American investor distribution.
Providing investment advice, managing client portfolios, buying/selling securities for clients, managing investment funds and offering securities publicly all require SMV licenses.
Capital requirements vary by license type. Investment advisor licenses have lower capital requirements than broker-dealer or fund licenses.
Typically 6–12 months from submission to approval, depending on license type and application completeness.
Yes. Foreign companies can establish Panama subsidiaries and obtain SMV licenses. We have experience with international financial firm applications.
Ongoing compliance includes annual SMV filings, AML program maintenance, financial reporting, client disclosure requirements and audit.
Confidential consultation. We assess eligibility and provide a complete roadmap.