Republic of Panama is a Central American state stretching over the Isthmus of Panama connecting the two American continents.
Capital: Panama City. Population: circa 3.5 mln. Currency: Balboa (PAB) and US Dollar (USD). Official language: Spanish. English is widely spoken, especially in the business community.
Panama offshore companies are registered as companies limited by shares: Sociedad Anónima, S.A
Registration process of a company in Panama
Registration of Panamanian companies comprises of 3 principal stages and takes 1 week:
- Checking and confirming a company name in the Registry
- Preparing necessary documents and submitting to the Registry
- Apostilling documents
Panamanian shelf offshore companies are also available for buying.
Organizational requirements for a company in Panama
- Minimum number of directors: three, the chairman, the secretary and the treasurer (physical or legal persons)
- Minimum number of shareholders: one (physical or legal person)
- Registered office in Panama is obligatory
No minimum share capital and payment of shares regulations apply. As a general practice, the share capital is USD 10.000 divided into 10.000 shares with the nominal value of USD 1.00 each.
Accounting for a Panama company
From 1 January 2017 Panamanian offshore companies are obliged to maintain accounting records with supporting documents and the registration agent must be informed of the address where the records are kept.
Taxation for a company registered in Panama
Income derived from the sources outside Panama is tax exempt.
Offshore companies in Panama are liable for the payment of the only Annual Corporate Franchise Tax, at a fixed rate:
– upon registration in the State Companies Registrar: $250
– in subsequent years: $300
Registry of Companies in Panama
Details of directors and shareholders are open to the public. In order to maintain confidentiality it is advisable to use nominee directors and shareholders.
If you decided to establish an offshore company, our team will provide you with qualified services of company registration in Gibraltar or other jurisdiction. If you have no time, you can always buy a shelf offshore company.
For further information please do not hesitate to contact us and our team will find the most practical solution to achieve your goals. We are always at your disposal
|Minimal set of service|
|Set of documents with Apostil|
|Courier delivery of documents|
|Opening of bank account||$500|