Panama Offshore Company. Panama Company Formation
Worldwide Incorporation Services specializes in Panama Company Formation and opening offshore bank accounts.
Panama – General Information
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.
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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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)
Submit an enquiry or request a confidential callback or chat with us.
- 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.
| DARROW SUN INC. | Approved | View Packages |
| ELDEST FIRE CORP. | Approved | View Packages |
| SCAMANDER HOLDINGS INC. | Approved | View Packages |
| BLACK BUTTERFLY CORP. | Approved | View Packages |
| RED ARROW CORP. | Approved | View Packages |
| CISCO VIBE S.A | 15.01.2019 | View Packages |
| JITTERS INC. | 15.01.2019 | View Packages |
| BRISINGR S.A. | 08.06.2018 | View Packages |
| 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.
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
Submit an enquiry or request a confidential callback or chat with us.