• HOME
  • Locations & Information
  • NON-EU locations
    Incl. CFC-Management-Packages
  • Panama
  • Seychellen
  • NON-EU locations
    Without taxation at company level
  • Canada Ontario LP
  • USA Florida LLC
  • EU locations
    Full-Service-Package
  • Cyprus (EU)
  • United Arab Emirates
  • RAK Premium
  • Residential relocation
  • Cyprus Non-Dom
  • Free Zone Company Formation
  • Free Trade Zone Ras Al Khaimah
  • Offshore Services & More
  • Bank accounts
  • Nominee-Service
  • Operative Agent
  • Privacy Management Group
  • About Us
  • Legal Details
  • Terms & Conditions
  • Contact
  • Panama company formation without the stigma of an offshore company

     

    TERRITORIAL TAXATION

    Panama only taxes domestic income. A company in Panama is therefore not subject to the national corporation tax, providing that the profits are earned outside of Panama.

     

    FULL-SERVICE PACKAGE

    You will receive a complete corporate package, with all original documents, including apostilles and certified copies. Additionally, we are offering you... More >

     

    LIBERAL REGULATIONS

    Panama offers companies enormous freedoms and flexibilities in all aspects. The CFC-rules can be fulfilled safely and without complications through the use of management packages.

     

    FLEXIBLE MANAGEMENT PACKAGES

    Depending on the purpose of your business in Panama and the national CFC requirements of your customers abroad, we can offer you appropriate and secure services through our management packages... More >

    The new  Panama company in detail

    Panama offers its companies business-friendly CFC-Rules on a national level. Additionally, a company in Panama can adapt quickly and flexibly to national CFC-Rules abroad, as required. Through the principle of territorial taxation, with its liberal bookkeeping and accounting requirements, the potential use of nominees (trustees) and the provision of modern banking solutions, Panama is now one of the most sought after corporate locations worldwide.

    Forming a company in Panama is particularly suited to the following business areas:

    • Management of assets,
    • Company formation to take up residence in Panama,
    • Holding company,
    • Owner of licenses,
    • Trading company, import and export,
    • E-commerce, E-consulting and E-services,
    • Service provision.

    Should you have any questions in relation to Panama, the local benefits, CFC-Rules or need any other assistance, we are here to help: CONTACT

    Type of company: Sociedad Anónima (S.A.)
    Name: The name of the company can either be ‘Corporation’, ‘Incorporated’, ‘Société Anonyme’, ‘Sociedad Anónima’ or end with the abbreviations ‘Inc.’ or ‘S.A.’.
    Capital: There is no minimum capital required; the standard capital is USD 10,000.00, but this is not payable.
    Shares: Nominal shares
    Share register: Yes
    Designated Power of Attorney: Registered agent (minimum requirement – our service for you)
    Registered residence: Registered office (minimum requirement – our service for you)
    Entry into the official register: Yes, the company will be entered into the Panama Commercial Registry
    Shareholder: At least one natural or legal person; does not have to be a resident and can be of any nationality
    Director: Yes, at least three residential natural or legal persons; additionally, three officers (president, secretary and treasurer). These can also be the directors of the Panama company.
    Secretary (commissioner): Yes, although this can be one of the directors
    Formation period: Approximately 5-7 working days (fast-track service available upon request)
    Shipping by courier: Approximately 2-4 working days
    Disclosure of shareholders in the register: Upon request, nominated shareholders can be disclosed
    Disclosure of directors in the register: Yes, the directors are disclosed in the register
    Restrictions on corporate activities: No activities in the banking or insurance sectors are permitted
    Taxation: TERRITORIAL TAXATION - profits generated outside of Panama are not taxable in Panama
    Corporate franchise fees: USD 300.00 annually (already included in the annual fees)
    Double taxation treaty: Diverse
    Financial statements: Voluntary for any profits incurred solely outside of Panama. If proof of tax liability is required, financial statements should always be prepared and submitted. The preparation of a balance sheet can be commissioned through our company. Fees provided on request
    Tax records obligations: Supporting documents should always be kept
    Bookkeeping obligations: Voluntary for any profits incurred solely outside of Panama. If proof of tax liability is required, accounts and balance sheets should always be prepared and submitted. These can be commissioned through our company. Fees provided on request
    Service and consultancy: We are happy to provide advice and support in every aspect. Please do not hesitate to contact us with any questions in regards to bookkeeping, accounting and/or tax records.

    Further information on the new Panama company

    The Panama company, substance requirements abroad and CFC-Rules

    A business in Panama is not an offshore company. Rather, the main advantages of this location are due to the so-called territorial taxation, minimal bureaucracy requirements and the rare opportunity to flexibly adapt the structure of a company based in Panama.

    Depending on the business purpose of your company in Panama, the headquarters of your customers and the national CFC regulations, one of our management packages will be a suitable. A detailed explanation on the topic as well as our current offers can be found here. Of course, we are also happy to provide free and detailed advice on this comprehensive topic. Just give us a quick call or send a short email: CONTACT


    Requirements for the formation of a company in Panama

    For the formation of a company in Panama we need, amongst other things, a passport copy, a current utility bill (water, electricity or mobile phone bill), three suggestions for company names, and depending on the choice of the account-holding bank, business activities of the company and the chosen management package, further documents and evidence may be needed.

    We can provide you with a comprehensive consultation UPON REQUEST.


    Data and facts about panama

    The Republic of Panama lies in Central America between Costa Rica in the north and Columbia in the south. The well-known Panama Canal still accounts for a significant part of the country's economy. Panama has a population of approximately 2.3 million people.

    The official language is Spanish, although English is widely spoken in metropolitan areas such as Panama City and Colon.

    Panama became an independent republic in 1903 and is characterised by continued stability and a good commercial climate. The head of state is the president, who is elected every five years.

    The infrastructure is superbly developed, which includes the presence of international banks and courier services as well as excellent telecommunications providers.

    The international airport in Panama City offers connections to every major city in North and South America.

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.