Corporate compliance in Panama is constantly changing. Therefore, conducting an entity health check in Panama will ensure that your business or the company you plan to do business with complies with local legislation. Foreign executives doing business in Panama must undertake an entity health check regularly. Hiring a trusted local partner to review the status of your company in terms of corporate compliance will protect your business from penalties and avoid risks. What is an entity health check in Panama?  An entity health check is important to mitigate risks when doing business in Panama. An entity health check in Panama is an audit conducted by independent experts to examine accounting and legal compliance. An entity health check reviews if a company doing business in the country complies with tax declarations, labour regulations, monthly reports, and accounting registries. As a result, there is a better understanding of the overall corporate compliance landscape. The main objective of conducting an entity health check is to identify any discrepancies within a company that might affect business operations.  Why is it important to conduct regular entity health checks?    An entity health check in Panama is important to mitigate risks when doing business in the country. It covers various aspects of a company’s activities, including the legal, accountancy, tax and human resources practices. This examination seeks to understand if a legal entity established in Panama is and has been fully compliant with local corporate regulations....