Our philosophy and values are rooted in an organization with almost a century of experience, recognized for its transparency and contribution to the economic and social development of Panama.
External Accounting Services
For those entities interested in having the analysis of their investments or other activities through Financial Statements, which consist of:
- Balance Sheet,
- Profit and Loss Statement, and
- Statement of Changes in Equity
Among the most recurrent types of activities, but not limited to, we mention the following:
- Equity Holding
- Investment Portfolio
- Real Estate Investments
- Time Deposits or Term Certificates of Deposit
- Professional Services and Consulting
For those entities that have the means to keep their accounting records, we provide the Certification service for the Board of Directors at the request of the corporations/foundations in order to confirm that their accounting records are being kept and their documentation safeguarded in the country from which it is managed, as stipulated by Law 254 of November 11, 2021 for Panamanian legal vehicles.
For this purpose, the entity submits the Financial Statements issued and inherent documentation relevant to it, on the basis of which MASCO will prepare the Certification where it is also stated the data required by law regarding the location where the accounting is managed and its supporting documentation is kept.
As stated in Law 52 of October 2016 and its recent amendment by Law 254 of November 2021, those legal entities that carry out acts of commerce and that are exclusively engaged in being Asset Holders, whatever their class, must provide information that proves the value of the Assets they hold, the Income received from such assets and liabilities related to those Assets
Therefore, MASCO provides upon request, the Financial Certification service for the Board of Directors of corporations/foundations, so that Panamanian legal vehicles can submit a Report of their Assets, Liabilities and Income for each annual period, and thus comply with said regulation.
We have worked with a large number of legal vehicles established in Panama.
The firm has authorization No.005-(337-2017) from the Technical Accounting Board of the Ministry of Commerce and Industries (MICI) to practice as Authorized Public Accountants.
Founded in 2016, committed to proper compliance with current regulations in the Republic of Panama.
We have a robust technological platform, advice from international experts and a highly specialized team that has developed a strategy to continuously optimize the security of your personal data.