Panama Offshore – Panama Company Formation

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

General Information about Offshore Panama

Advantages of Panama Offshore

• 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

Offshore Panama – 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.

Offshore Panama – 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

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

Ready-Made Panamanian Corporations

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

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