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Overview
Incorporation: within 3 weeks + delivery time for the courier
Minimum capital requirement: A minimum of one share of US$100.00 must be issued to the shareholder
Overview
The Republic of Panama is a Central American country – one of the most popular Offshore destinations with little reporting necessary. The main advantage of the jurisdiction includes almost no tax liability for the companies incorporated in the country.
Advantages of Panama Offshore IBC:
- – Exemption from all local taxes, when income received outside of Panama
- – Inexpensive annual support
- – No requirements requirements of a minimum paid up capital
- – Information about shareholders and beneficial owners is not filed with the Public Registry Office and not available to the public
- – Any individual and legal entity may become a shareholder
- – No foreign exchange controls
| Bronze | Silver | Gold | |
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Name Check |
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Company Incorporation |
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Local secretary |
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Government fees |
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Registered office for 1 year |
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Delivery of original documents |
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Apostilled documents |
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Nominee director and shareholder |
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Total amount: |
€2,500 |
€3,500 |
€5,500 |
Comprehensive Guide to Company Incorporation
General information
Company structure
- ▪ Minimum one shareholder
- ▪ Minimum three directors
- ▪ A Panama Corporation needs to also appoint three officers, a President, a Secretary and a Treasurer
Taxation
- ▪ If a Panama Corporation conducts its business outside of Panama, it is exempt from all local taxes including income tax, capital gain tax, dividend tax, and stamp duty on transfer of corporate shares, and other property.
Secretary
Required
Registered Agent
Required
Registered office
Required
Company name
- ▪ Language: Any
- ▪ Company name must end with such sufixes or their abbreviations: Corporation, Incorporated, Sociedad Anonima, Inc., Corp., S.A.
N.B.
- ▪ Company name is restricted to be identical or similar that of an existing company.
Incorporation
- ▪ Collection of necessary information for company registration
- ▪ Preparing foundation documents for company registration
- ▪ Payment of state fees for company formation
- ▪ Company registration in the Register of Enterprises
Please provide us with the following documents and data:
Incorporation
- ▪ A notarized copy of valid passport (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
- ▪ A copy of proof of residential address (ex. utility bill of each Shareholder, Director, Beneficial Owner, Authorized Signatory that is not older than 3 months) in English
- ▪ Optional: A notarized copy of Bank reference (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
- ▪ Optional: CV (of each Director and Shareholder)
N.B.
- ▪ If Shareholders and/or directors are legal persons, then it is required to submit full set of apostilled company documents and valid certificate of Good Standing.
- ▪ If documents are not in English language, then they must be accompanied by a notarized translation.