Panama Company Formation

Worldwide Incorporation Services specializes in Panama offshore company formation and opening offshore bank accounts.

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Panama Offshore Company. Panama Company Formation

Worldwide Incorporation Services specializes in Panama Company Formation and opening offshore bank accounts.

Panama – General Information

Panama Company Formation

Location: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica.
Area: total: 75,420 sq km, land: 74,340 sq km, water: 1,080 sq km.
Natural resources: Copper, mahogany forests, shrimp, hydropower.
Population: 3,753,142 (July 2017 est.).
Capital: Panama City.
Time Zone: UTC-5.
Languages: Spanish (official).
Government type: Presidential republic.
Legal system: Civil law system; judicial review of legislative acts in the Supreme Court of Justice.
International organization participation: BCIE, CAN (observer), CD, CELAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAES, LAIA, MIGA, NAM, OAS, OPANAL, OPCW, Pacific Alliance (observer), PCA, SICA, UN, UNASUR (observer), UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO.
Economy: Panama’s dollar-based economy rests primarily on a well-developed services sector that accounts for more than three-quarters of GDP. Services include operating the Panama Canal, logistics, banking, the Colon Free Trade Zone, insurance, container ports, flagship registry, and tourism and Panama is a center for offshore banking. Future growth will be bolstered by the Panama Canal expansion project that began in 2007 and was completed in 2016 at a cost of $5.3 billion – about 10-15% of current GDP. The expansion project more than doubled the Canal’s capacity, enabling it to accommodate high-capacity vessels such as tankers and neopanamax vessels that are too large to traverse the existing canal. The US and China are the top users of the Canal.
Currency: Balboas (PAB).

Panama Company – Overview

Key Benefits of Panama Offshore Company

  • Exemption from all local taxes and stamp duty
  • No exchange controls
  • Maximum confidentiality and anonymity
  • Ease of operation, maintenance and control
  • Asset security
  • No disclosure or minimum capital requirements
  • Excellent and flexible post-incorporation follow-up services
  • No statutory requirement to hold annual general meetings
  • Highly competitive fees and costs

Panama Company – Legislation

Principal Corporate Legislation

Corporation Statute Law 32 of the 1927 Commercial Code as amended.

Type of Law

Common.

Language of Legislation and Corporate Documents

Spanish.

Type of Company for International Trade, Investment & Tax Planning

Panama Corporation.

Panama Offshore Company- Key Facts

Share Capital

Standard authorised share capital is US$10,000 divided in to 100 shares of US$100 each. Minimum paid up share capital is US$1.

Classes of Share Available

Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Permitted.

Restrictions on Trading

A Panama offshore company cannot trade within Panama. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Office Required

Each Panama offshore company must have a Registered Office in Panama.

Directors

A Panama Offshore Company requires a minimum of one director. Director can be of any nationality and need not be resident in Panama. Corporate directors are permitted.

Shareholders

A Panama Offshore Company requires a minimum of one shareholder..

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Currency

US Dollar and Balboa (PAB).

Time to Incorporate

Two weeks, subject to name approval.

Offshore Panama – Name of a Company

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.

Name of a Company

The words “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Corp., Inc., S.A. must be part of the name of every Panama offshore company.


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Panama Company Registration – International Packages


Packages

COMPARE PACKAGE FEATURES

Corporate Consultancy

Name Check

Initial Approval

Preparation of Application Documents

Drafting and Filing of M&A with the Registry

Company Registration

Incorporation Service Fee

Registered Office Address for 1 Year

Registered Agent’s Service Fee for 1 Year

Certificate of Incorporation in Spanish with Apostille

Certificate of Incorporation in English with Apostille

Minutes of the Meeting of Directors

Consent to Act as Director (x3)

Memorandum of Association in Spanish with Apostille

Memorandum of Association in English with Apostille

Articles of Association in Spanish with Apostille

Articles of Association in English with Apostille

Register of Directors & Officers

Registers of Shareholders

Share Certificate

Resolution Issuing Share Certificate

Company Stamp

Daily Update Regarding The Full Process

Provision of a Corporate or Individual Director (x3) for 1 Year

Power of Attorney with Apostille

Resolution issuing Power of Attorney

Confidential Shareholder Service for 1 Year

Declaration of Trust


SILVER

USD 790

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GOLD

USD 1390

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PLATINUM

USD 1790


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* Government Licence Fee USD 300 is not included (payable to the Registrar of Companies every year)

Need Help Choosing the Right Package?

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Why Choose Worldwide Incorporation Services?
  • We’ve been helping business owners since 1998
  • Incorporating your business is our focus
  • We make a complex process fast and easy
  • We work closely with Panama Companies Registry to guarantee our service

Ready-Made Panamanian Corporations

This is a list of ready-made and approved company names available as of today.

MFA WORLDWIDE INTERNATIONAL CORP. 28.02.2018 View Packages
AADA MANAGEMENT CORP 28.02.2018 View Packages
GRINDELWALD CORPORATION 27.11.2017 View Packages
LOGITECH SERVICES CORP. 27.11.2017 View Packages
ARGUS CONSULT CORP. 18.06.2012 View Packages
MANSON COMMERCE INC. 01.03.2012 View Packages

Panamanian Ready-Made Corporations Not On The List

We also have a number of Panama ready-made companies that are not listed on the web site. If you are looking for something specific or that has a certain name, please contact us to see if we have it.


How To Buy a Panama Ready-Made Company
To buy a Panama Ready-Made Company please contact one of our offices or submit an online enquiry.

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Panama Company Formation – Office Addresses

 

Services related Panama Offshore

Worldwide Incorporation Services provide the following services related Panama Offshore:

  • Panama Offshore Formation
  • Registration of a Panama Offshore Company
  • Registered Office and Agent Services
  • Company Secretarial Services
  • Nominee Shareholder / Nominee Director
  • Opening of Bank Accounts in Panama
  • Full Company Administration Services
  • Mailing Address in Panama
  • Virtual Office in Panama
  • Trademark Registration
  • Yacht Registration

Worldwide Incorporation Services | Panama Offshore | Panama Company

 

Free Initial Consultation
Call to any of our offices for your free initial consultation.


How to proceed
To start your business in Panama please contact one of our offices or submit an online enquiry.

GET YOUR BUSINESS STARTED IN PANAMA

Why Our Company is the Best Choice for Panama Company Formation and Administration?
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Questions? Need advice?

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