Panama company formation without the stigma of an offshore company
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.
You will receive a complete corporate package, with all original documents, including apostilles and certified copies. Additionally, we are offering you... More >
You will receive a complete corporate package, with all original documents, including apostilles and certified copies. Additionally, we are offering you a Full-Banking-Service certified in accordance with ISO 9001-2015. As per our service description, our account opening service for you is free of charge and guarantees the opening of your business account, providing all banking requirements are met.
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.
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.
|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.|
|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.