Panama Company Formations

Panama Company Incorporation

It usually takes 3 days to incorporate a Panamanian company and there is no requirement to visit Panama in order to register the company.

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 Company Formation

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
  • 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 can be obtained within several 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.

Company Name

  • All Panamanian corporations must end with the following designations or their abbreviations: Corporation (Corp), Incorporated (Inc) or Sociedad Anónima (SA).
  • Your name may be expressed in any language
  • A company name check can be carried out free of charge to see if a required name has already been registered
  • We can reserve your company name up to ten days

Share Capital - Authorised and Issued

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. When doing this 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

The minimum number of shareholders is one, who may be of any nationality. The name of the shareholder is not required to be registered in the Panamanian Public Registry, providing you with complete confidentiality.

Under Panama's Corporation Law it is possible to have a corporation wholly owned by any single shareholder.

Company Secretary

A company secretary must be appointed, who may be an individual or a company. The company secretary may be of any nationality and need not be a resident in Panama.

Registered Office and Registered Agent

A Panamanian registered office is required for your company. Panamanian law requires all companies to have a resident agent domiciled in Panama who must be either lawyer or a law firm. We can provide this service.

Features of a Panama Company

  • There is no requirement to hold annual meetings of directors or shareholders
  • Members and/or Administrators may hold their meetings in any country and may attend such meetings by proxy
  • Panamanian Companies can be incorporated without regards to the nationality of its directors and shareholders
  • There is no income tax, if income is produced outside of Panama
  • No requirement to file annual returns or financial statements
  • No limitations on the maximum number of directors or shareholders
  • The company may engage in any type of civil or commercial activities
  • Shareholders and administrators may be of any nationality, resident of any country and be either corporate entities or natural persons
  • Incorporation documents may be drafted in any language together with a translation into Spanish
  • It is not mandatory to present the changes of administrators at the Public Registry

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 or objective of the corporation
  • Corporate Capital
  • The legal domicile of the corporation is Panama
  • Resident Agent
  • Duration of the corporation
  • Name of the officers
  • Name and address of the directors

Company Accounting Records

According with the Law No. 52 of October, 2016, all types of Companies and Private Interest Foundations will be obliged to keep Accounting Records and Support Documentation of their transactions.

The Accounting Records should be kept at the Resident Agent's Office , otherwise, the client have to notify us the office where the accounting records will be kept and the responsible person.

Annual Government Tax

The only tax paid by non-resident offshore Panama Corporations is the flat annual government tax (Tasa Unica).

Opening a Panamanian Branch

Foreign companies may operate in Panama by establishing a branch. In order to register a branch, the following documents must be registered at the Public Registry:

  • The articles of Incorporation
  • Certificate of Good Standing
  • List of directors and officers of the corporation
  • Balance sheet of the company and Resolution of the Board of Directors authorising the opening of the Panama branch, allocating capital to the Panama branch and appointing a resident agent for the branch
Contact Us
only required if you wish us to call you back
Panama Fees to Incorporate
  • Company Formation - £650
  • Provision of Registered Office and Resident Agent - £590
  • Annual Franchise Tax: Government Registration Fee first year - US$350
  • Public Registry and Notary costs - US$200
  • Resident Director up to 3 - £350
  • POA with Apostille necessary for Resident Director service - £250
  • Company Secretary recommended - £300
Panama Annual Maintenance Fees
  • Provision of Registered Office and Resident Agent - £590
  • Annual Franchise Tax: Government Fee - US$300
  • Resident Director up to 3 - £350
  • Company Secretary recommended- £300
  • Directors Register Maintenance - £175
Panama Advantages
  • Time - 3 days to incorporate your Panama company
  • Directors - 3 directors of any nationality are necessary for your company
  • Shareholders - only 1 shareholder is required
  • Share Capital - the standard authorised share capital for your company is US$10,000
  • Company Secretary - a company secretary is required
  • Travel - there is no requirement to visit Panama during the registration process.
  • Support - using our 20 years experience we guide you throughout every step of the company formation process
Required to Proceed
  • Company Name - so we can check your company name is available
  • Documents - proof of address and copy of your passport
  • Form - complete this form
  • Upload - proof of address & copy passport can be uploaded here