Entity compliance, carried, not assembled.
Substance as a Service is our managed engagement for the ongoing operation of a Panama entity’s economic substance framework, so the evidence a regulator or bank might ask for is always current, not gathered together the moment it is requested.
Entity compliance as something maintained, not assembled once.
Substance as a Service is a managed engagement, not a one-off report. Panama’s economic substance regime, introduced by Law 526 of 2026 and its implementing Decree 32, has to be maintained and evidenced on an ongoing basis, for as long as the entity earns the income that brings it into scope.
We map your entity’s income streams against the law, confirm which substance conditions apply, including a reduced test available to entities that only hold equity, and then run a continuous cycle of evidence gathering, decision logging and meeting observation that keeps the file behind your tax return current. What we provide is the governance evidence, held to a standard your own adviser or a regulator can rely on.
Built to run without a finish line.
Where we start
We confirm what genuinely applies to your entity, so nothing is assumed that shouldn’t be.
What we hold
A continuous, independent record of how the entity actually operates, kept the way the law expects it to be shown.
What you can produce
A single, current file, ready the moment anyone asks to see it.
What each of these looks like in practice is shaped to your entity. We set it out once we understand the structure, not in general terms on a page like this.
Evidence that is never assembled at the last minute.
You gain a continuous, independent record of how the entity truly operates, held to a standard that satisfies whoever asks to see it. What that record actually contains is shaped to your entity, and shown in full once the engagement begins.
Not a one-off paperwork exercise, and not tax advice. It works only where the entity genuinely operates as the law expects, and we will tell you if it does not.
Answered plainly.
What is Substance as a Service?
A managed engagement that keeps a Panama entity’s economic substance evidence current on an ongoing basis.
What does entity compliance mean under Panama’s economic substance law?
It means being able to show, on demand, that an entity’s strategic decisions are genuinely made in Panama, backed by real human resources, facilities and operating costs commensurate with its income, and documented as the law requires.
Do we need this if we are not part of a multinational group?
The economic substance regime applies to Panama entities in a multinational group earning specific foreign-source passive income. If that is not you, this engagement is unlikely to apply, and we will say.
Do you replace our accountant or tax adviser?
No. We are not a law firm or a tax adviser. We provide the governance evidence that sits behind what they file, not the filing itself.
Begin with a confidential enquiry.
Tell us about your structure and we will tell you, candidly, whether this is the right engagement to start with.
Request a Confidential Enquiry