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  • 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 formation of your company in Panama with our
    Full-Service-Package

    Services and Fees

    We offer you the complete company formation in Panama with an all-in-one package – including apostilles.

    Specifications for the contract to open
    a company in Panama

    Comprehensive consultations before and after company formation    Included in the formation fees
    Review of the desired company name against the register Included in the formation fees
    Preparation of the memorandum Included in the formation fees
    Preparation of the articles Included in the formation fees
    Preparation of the application for the formation of your company Included in the formation fees
    Submission to the respective register in Panama Included in the formation fees
    Payment of the full formation fees Included in the formation fees
    First annual fee for the registered agent (12 months) Included in the formation fees
    First annual fee for the registered office (12 months) Included in the formation fees
    First annual administration fee (12 months) Included in the formation fees
    First registration fee (12 months) USD 300.00 Included in the formation fees

    INCLUDING EXTRACTS, APOSTILLES AND GENERAL POWER OF ATTORNEY

    Validation of the documents by the registered office (original) Included in the formation fees
    Validation of the documents by the registered agent (original) Included in the formation fees
    Extract from the register of directors in Panama incl. apostille Included in the formation fees
    Extract from the shareholder register in Panama incl. apostille    Included in the formation fees
    General power of attorney (original) Included in the formation fees

    CLIENT-PACK, CERTIFICATE OF TITLE INCL. APOSTILLE AND CERTIFICATES

    Client-Pack Included in the formation fees
    Certificate of Incorporation incl. apostille Included in the formation fees
    5 share certificates of the Panama company (original)     Included in the formation fees

    Full-Banking-Service Included

    including guaranteed and free account opening

    Our Banking-Centre offers you active support during the opening of your business account, including online banking as well as Visa and Mastercard. You are not required to be physically present during the opening of the account.

     
    Name & location VISA / MasterCard Online-Banking Minimum deposit /
    Minimum balance
    Cost in USD
      Euro Pacific Bank Approx. USD 1,000.00
    -
    Free banking service

     

    Would you prefer to open an account with another bank or financial institution?
    Privacy Management Group maintains a long-standing relationship with the Euro Pacific Bank. For this reason we can offer our banking service free of charge. However, our offer is expressly not a recommendation.

    Alternative banks and financial institutions (FinTech) are available to you.
    Should you not wish to take advantage of our free of charge banking service, you will receive a one-time credit of USD 150.00 to support the opening of an account with another financial institution. An expanded choice of options for the opening of an account can be found under the ‘International Bank Accounts’ link.

    Formation fees inclusive of Full-Banking-Service and bank account

    Fees (total) : USD 2,725.00
    Shipping costs (courier) : USD 120.00
    Total fees (one-off) : USD 2,845.00
    ANNUAL FEES 12 MONTHS AFTER FORMATION

    International bank accounts

    INTERNATIONAL BUSINESS ACCOUNTS INCLUDING ONLINE BANKING & VISA/MASTERCARD

    To open an international business or private account we can offer you the TÜV NORD CYPRUS ISO 9001:2015 certified Full-Banking-Service (show certificate) through Privacy Management GroupLtd. Cyprus. As a long-standing bank introducer and associate helping to obtain premium cards for businesses and individuals including the American Express Centurion Card (black card), Privacy Management Group has over 10 years ago developed an international Full-Banking-Service that meets the highest international service standards. Do you have any questions? We are here for you!

    Options

    OPTION: CFC-MANAGEMENT-PACKAGE

    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.


    Option: Shareholder-nominee-service (trustee)

    Nominee-Shareholder every 12 months USD 350.00

    Option: Bookkeeping And Accounting For Your Panama Company

    In the following scenarios ongoing bookkeeping and accounting for your company in Panama is particularly advisable or even obligatory:

    • Scenario (1)
      Your company in Panama conducts business with Panamanians or domestically in Panama. In this case, ongoing bookkeeping and accounting for your company in Panama is obligatory.
    Annual bookkeeping incl. accounting (annual) USD 2,100.00
    Annual bookkeeping incl. accounting of an inactive company USD 1,400.00

    • Scenario (2)
      Your company is active entirely outside of Panama and your turnover is exclusively generated abroad. Should you need an official tax assessment from the Panamanian authorities as proof of your company’s tax liability in Panama, the preparation of current accounts and submission of balance sheets will be required.

    • Evidence of your company’s tax liability in Panama, is particularly advisable in situations where your client/business partner is resident in a country in which national CFC-Rules and extended regulations require the proof of tax liability of foreign companies.

    • Key points: Recognition of a foreign company abroad, tax approval of operational expenses.

    • This tax assessment serves as evidence of your company’s tax liability for the financial authorities of your clients and business partners – even if the profits earned abroad are not taxed in Panama (territorial taxation).

    Annual bookkeeping incl. accounting (annual) USD 2,100.00
    Annual bookkeeping incl. accounting of an inactive company USD 1,400.00

    Option: Merchant Account

    A merchant account, among other things, will allow you to accept payments by credit card. Our partner in this field offers merchant account services to European businesses as well as companies in Panama. We charge a one-off service fee for our support during the application process.

    Merchant account one-off USD 390.00

    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

    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.