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
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 |
| Credicorp Bank | Approx. USD 50,000 Approx. USD 50,000 |
Free banking service |
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 |
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 14.07.2023. 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 14.07.2024, 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 820.00 |
| Registered agent | annually | USD 325.00 |
| Registered office | annually | USD 325.00 |
| Corporate franchise fees | annually | USD 394.00 |
| Total annual fees | annually | USD 1,864.00 |
