Panama

Panama

Introduction
Located in Central America, Panama is the owner and administer of the Panama Canal, which connects the North and South America, the Atlantic, and Pacific Oceans, playing a crucial role in global shipping. With such geographic location, Panama has been given a comparative advantage since the early 16th century. The economy is currently considered the second largest in the area. It is mainly based on the service sector, which accounts for almost 80% of the country’s GDP.
The offshore company entity in Panama is called an International Company in its law.
Requirements
For incorporating and running an International Company (IC) in Panama, there are some requirements that must be followed as below:
1. There must be at least 2 shareholders to establish an IC in Panama. Shareholders can be either individuals or corporates and there is no local requirement. There is also no maximum limit for the number of shareholders.
2. The minimum number of directors to establish an IC in Panama is 3. Directors can be either individuals or corporates, local or not.
3. An IC in Panama is not required to have a local secretary but must have a local registered agent.
4. The registered office is also required to be in Panama.
5. There is no minimum requirement for an IC authorized capital. The currency of capital should be USD.
The Standard Authorised Capital for an IC in Panama is US$ 10,000, which is divided into 10,000 shares of US$ 1.
An IC also has the right to issue bearer shares.
6. An IC can choose a name in any language, but its documents should be in Spanish, the main language in Panama.
An International Company in Panama is free from many annual requirements, including annual general meetings, annual returns, annual tax returns, and auditing. This helps international companies save time, money and other resources, making the running such them much easier than other offshore companies in other jurisdictions.
As government requirements for an International Company, details of directors are disclosed to the public. However, details of shareholders are kept not publicized, which give owners of ICs very high level of confidentiality.
Key Benefits  
Offering Packages
Below are our packages for supporting you in establishing an International Company in Panama with ease and speed:
Services Standard Advanced
Company Incorporation Service Fee
All Government fees due on Incorporation
Free Name Application
Local Registered Office Service 12 months 12 months
Local Registered Agent Service 12 months 12 months
Certificate of Incorporation
Articles of incorporation in Spanish and in English duly apostilled
Inaugural meeting and appointment of first directors
Undated letter of resignation of nominee board of directors
Letter of resignation of the subscribers
Share Certificates
Good standing certificate issued in Spanish and in English
Power of attorney in Spanish and in English duly apostilled
Professional Consultancy via Phone and Email
Assistance on Opening of Company Bank Account  
Company Statutory Record & Company Kit
Total fee US$ 1,699 US$ 2,198
  Setup Company Setup Company
SERVICES
Company Incorporation Service Fee
Standard
Advanced
All Government fees due on Incorporation
Standard
Advanced
Free Name Application
Standard
Advanced
Local Registered Office Service
Standard

12 months

Advanced

12 months

Local Registered Agent Service
Standard

12 months

Advanced

12 months

Certificate of Incorporation
Standard
Advanced
Articles of incorporation in Spanish and in English duly apostilled
Standard
Advanced
Inaugural meeting and appointment of first directors
Standard
Advanced
Undated letter of resignation of nominee board of directors
Standard
Advanced
Letter of resignation of the subscribers
Standard
Advanced
Share Certificates
Standard
Advanced
Good standing certificate issued in Spanish and in English
Standard
Advanced
Power of attorney in Spanish and in English duly apostilled
Standard
Advanced
Professional Consultancy via Phone and Email
Standard
Advanced
Assistance on Opening of Company Bank Account
Advanced
Company Statutory Record & Company Kit
Standard
Advanced
Total fee (US$)
1,699          
2,198

Beside the company incorporation service, we also provide Offshore Bank Account Assistance of numerous banks in the world and Other Services necessary for any offshore company.
For any further questions, feel free to Contact Us for more details.