Flexible legislation. This established jurisdiction is ever popular.
Long standing reputation for corporate services.
Very cost effective with low annual fees. Transactions carried on by
these companies outside Panama are from all Panama taxes.
Not recommended for high profile trading operations
Corporate legislation source
Law No. 32 of 1927 on Corporations
Certain words are prohibited, e.g. Assurance, Bank, Building
Society, Insurance, etc. Names must end with an appropriate suffix
such as ‘Incorporated’, ‘Societe Anonyme’. The ending Limited is
not applicable in this jurisdiction
Time taken to incorporate
Are shelf companies available?
Usual minimum capital
US$60 / Sliding scale above $10,000
Minimum number of shareholders
Are bearer shares/shares of no par value possible?
Directors: minimum number/corporate: directors allowed/location
Secretary: mandatory/corporate Resident: secretary allowed/location
Is there a requirement for a Registered Office/Registered Agent?
Is any information required by the authorities prior to incorporation or prior to tax status being granted?
What information is available on the public file?
Articles of Incorporation & public file? Reg. Agent, Directors, Officers.
What documents must be kept at the Registered Office?
Corporate books & seal
Are accounts required/filed?
Is an annual return required?
Where are meetings to be held?
Annual fees payable to the government: Tax/Annual Return Filing Fee
Are there any exchange controls?