Panama Company Formations
It usually takes 3 to 4 days to incorporate a Panamanian company and there is no requirement to visit Panama in order to register the company.
|Panama Company Formation Fees||Panama Annual Maintenance Fees|
|Company Formation – £950||Registered Office and Resident Agent – £590|
|Registered Office and Resident Agent – £590||Annual Government Fee – US$360|
|Government Registration Fee – US$360||Resident Director, Treasurer & Secretary – £360|
|Company Registry and Notary costs – US$200||Company Secretary – £280|
|Resident Director, Treasurer & Secretary – £360||Shareholder & Directors Register Maintenance – £175|
|Company Secretary – £280|
Documents and Information
To start incorporating a company in Panama we only require the following:
- Your proposed Company Name
- Details of the proposed business activities
- The directors full name, date of birth, address and nationality
- The shareholders full name and address
Panama Corporation Incorporation
Our Panama incorporation package includes all necessary documents:
- Reserving Company Name
- Articles of Incorporation
- Notarial registration fees
- Capital registration tax based on authorised capital of US$10,000
- Share Certificates
- Minutes of Board Resolution
- Certificate of Incorporation
- Government fees
- 3 Resident Directors can be supplied
- Company Secretary if required
- Nominee Shareholders
- First years franchise fee payable to the government of Panama
- Certified English translation of documents
- All documents and certificates supplied in a professional folder
- Delivery of documents by FedEx / DHL
After you have submitted the name of your Corporation to us, approval of the company name will be obtained within a few hours. We then present the Memorandum and Articles of Association of the company to the Registrar, a Certificate of Incorporation will be issued and your new company is incorporated.
- All Panamanian corporations must end with the following designations or their abbreviations: Corporation (Corp), Incorporated (Inc) or Sociedad Anónima (SA).
- A company name check can be carried and we can reserve your company name for 7 days
Upon incorporation you must select the number of shares your new company will have, along with choosing if they have par or no par value. The following information must be considered:
- The standard authorised share capital for a Panamanian company is US$10,000
- The share capital gets divided into 100 common voting shares of US $100 or 500 common voting shares at no par value
- The capital may be expressed in any currency
- Share Capital does not have to be paid into a bank account before the incorporation
- The minimum issued capital is one share
- Shares may be of par or no par value
Panama Company Director
Both corporations and individuals may act as directors and we can supply nominees if required. Directors may be of any nationality and need not be residents of Panama. The board of directors must be composed of at least three directors/officers – president, secretary and treasurer.
Panama Company Shareholder
At least one shareholder is required and the shareholder records are not publicly available.
A company secretary must be appointed we provide this service.
Registered Office and Registered Agent
A Panamanian registered office and registered agent is required for your company. We will provide this service for you.
Advantages of Panama Incorporation
Panama has a number of features that make this an asset protection jurisdiction for corporations. We will supply you with:
- Official translation into English of Articles of Incorporation
- Incorporating a corporation takes approximately 24 hours plus two days to be registered at the Panama Registry
- Corporation may be owned by a single person
- The capital of the corporation need not be paid at the time of the incorporation
- The Directors and officers can be any nationality
- The Board of Directors must be composed of at least 3 directors
- Meetings of the Board of a Panama corporation may be held in any country and the directors can attend personally or by proxy
- The meetings of shareholders of the corporation may be held in any country
- The corporation may engage in any lawful business, even if it is not similar to any of the objects of the corporation specified in the articles of incorporation
- Corporations only have to pay Panamanian income tax for income derived from sources within Panama
- The freedom to appoint directors and officers of any nationality and country of residence
- The legal protection afforded for the confidentiality of business and banking transactions
- The tax exemption status provided to offshore companies
The Articles of Incorporation contain the following information:
- Name and domicile of the subscribers of the articles of incorporation
- Name of the corporation
- Purpose of the corporation
- Issued Capital
- The legal domicile of the corporation is Panama
- Resident Agent
- Name of the officers
- Name and address of the directors
Annual Government Tax
The only tax paid by non-resident offshore Panama Corporations is the flat annual government tax (Tasa Unica).
Panama Ready Made Companies
Kindly note that we do not have available shelf companies as in practice nowadays there are no longer significant advantages of acquiring them and their costs are considerably higher compared to a new company.
Please be informed that we can assist and incorporate a new company in 3 days.