Republic of Panama
Our company offers you to register a company in the Republic of Panama. Our basic package of services includes:
• Consultations on the specifics of doing business in Panama
• Preparation of a package of documents for company registration
• Provision of nominee service (shareholders and directors)
• Provision of a company secretary
• Registration of a company office in Panama
• Opening a corporate account in one of the foreign banks
• Full range of postal and secretarial services for the company
You can also become the owner of a ready-made company in Panama within 1 hour by purchasing a suitable one from a set of ready-made companies of different ages with neutral names.
Upon completion of the registration or purchase procedure, you will receive a full package of documents of the new company and tools for doing business in Panama from anywhere in the world.
Offshore in Panama
Panama is a classic offshore jurisdiction and has the following characteristics:
1. A company in Panama is not subject to taxes when doing business outside the country
2. Simplicity of accounting, no reporting requirements. Absence of audit checks, the ability to receive any amount of profit
3. Complete confidentiality. Business in Panama is closed, information about directors and shareholders is not available to third parties
4. Excellent infrastructure, constantly developed by the state (which is interested in the development of the financial sector, as it brings considerable income to the country’s economy)
5. Formal authorised share capital (usually – 10000 USD), not required to be paid
Offshore in Panama is also attractive due to the absence of the country in the international “black lists” of offshore zones. A company in Panama can fully cooperate with large banks, participate in international market processes.
Information for those wishing to register a company in Panama:
| Company Types | Corporation |
| Possible endings in names | Corporation / Incorporated / Societe Anonyme / Sociedad / Anonima / Gesellschaft mit beschankter / Haftung / Corp / Inc / GmbH / SA / AG |
| Corporate legislation | GENERAL CORPORATION LAW, (1927) |
| Authorised share capital | No special requirements, usually 10000 USD The standard par value of shares is 100 USD, it is also possible to issue shares without par value. |
| Is payment of the authorised share capital required? | NO |
| Are bearer shares allowed? | YES |
| Shareholders | min. number 1 nominee possible YES legal entity possible YES |
| Directors | min. number 3 nominee possible YES legal entity possible YES |
| Confidentiality | The register of directors and shareholders is closed. Providing information only on the basis of a court decision |
| Taxation | Absent |
| Is accounting required? | NO |
| Is reporting required? | NO |
| Is a registered office required in the country? | YES |
| Secretary | YES |
| Shareholders’/Directors’ Meetings | NO |
Company in Panama
Panama is a Latin American state located between South and North America. It is characterized by a stable economy and well-thought-out corporate law, popular among entrepreneurs who want to conduct confidential business with minimal taxation.
Business in Panama is taxed on a territorial basis. The only tax that companies operating outside the country must pay is the Single Annual Tax, which is a fixed amount of 250 USD in the first year after registration and 300 USD in subsequent years.
Registration in Panama
Registration in Panama is carried out according to the standard procedure. One shareholder is required, there must be at least 3 directors. Moreover, all of them can be nominees. The authorised share capital is a very formal concept, bearer shares are available for use.
To register in Panama, you need the following documents:
• Application with the specified company name
• Copies of passports of shareholders and founding directors
• Two letters of recommendation (from a bank, accountant or lawyer)
• Original document confirming the fact of residence in Panama of a resident (bank statement or utility bill no older than 3 months)
• Memorandum of Association and Articles of Association
Our specialists will check the company name for compliance with the requirements and originality, register the office, prepare, translate and apostille the necessary documents for you.
Registration of a company in Panama with government agencies takes 3-5 business days.
If you intend to open an offshore company in Panama, please use our services. Our specialists will carry out the entire procedure of company registration in a timely manner for you. Call us.
