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Incorporation of Company

Offshore Jurisdictions
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Panama

Due to Panama’s key geographic location, its economy is centered on banking, commerce, tourism and trading. Panama also has major construction projects taking place due to the handover of the Canal and military installations by the United States. Panama is considered to be  one of the top offshore jurisdictions, known particularly for its advanced offshore legislation. There are no government regulations pertaining to Panamanian offshore companies. No limitations or restrictions on a Panamanian offshore company regarding business activities.

Advantages of Incorporating in Panama

  • Exemption from all local taxes and stamp duty
  • Maximum confidentiality and anonymity
  • Ease of operation, maintenance and control
  • Asset security
  • No disclosure or minimum capital requirements
  • Excellent and flexible post-incorporation follow-up services
  • No statutory requirement to hold annual general meetings
  • Highly competitive fees and costs
Principal Corporate Legislation: The International Business Corporation Statute Law 32 of the 1927 Commercial Code as amended
Type of Law: Common
Language of Legislation and Corporate Documents: Spanish
Type of Company for International Trade, Investment & Tax Planning: Corporation

 

Panama Corporation

Share Capital
Standard authorised share capital is US$10,000 divided in to 100 shares of US$100 each. Minimum paid up share capital is US$1.
Classes of Share
Available Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Permitted.
Restrictions on Trading
Cannot trade within Panama. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in Panama.
Directors
The minimum number of directors is three. Director can be of any nationality and need not be resident in Panama. Corporate directors are permitted.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Disclosure of Beneficial Ownership to Authorities
No.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Currency
US Dollar and Balboa (PAB).
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as "Assurance", "Bank", "Building Society", "Royal", "Trust Company", "Trustee Company" etc. will require justification.
Name of a Company
The words "Corporation", "Incorporated", "SocieteAnonyme", "SociedadAnonima" or Corp., Inc., S.A. must be part of the name of every company.
Time to Incorporate
Two weeks, subject to name approval.

 

Cost of Formation: Request a quotation

 

Services

Worldwide Incorporation Services provide the following services in Panama:

  • Panamanian Corporation Formation
  • Registered Office and Agent Services
  • Company Secretarial Services
  • Nominee Shareholder/Nominee Director
  • Opening of Bank Accounts
  • Full Company Administration Services
  • Mailing Address
  • Virtual Office
  • Trademark Registration
  • Yacht Registration

 

Please contact us for your free initial consultation.

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Please contact us for information about incorporation of companies in other offshore jurisdictions.

 

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