Incorporation of Company

Offshore Jurisdictions
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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
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.
The minimum number of directors is three. Director can be of any nationality and need not be resident in Panama. Corporate directors are permitted.
The minimum number of shareholders is one.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Disclosure of Beneficial Ownership to Authorities
Personal Presence Required
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Audit Requirements
US Dollar and Balboa (PAB).
Exchange Control
Language of Name
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



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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