Panama Offshore Company Formation
- Company Registration in 5 Days Maximum
- Fast, Easy Online Setup Process via Our Secured Systems
- 1 Year Dedicated Account Manager
- Lowest Market Price Guaranteed All Inclusive!
- Taxed Only on Income Derived from Panama
- No Hidden Fees
Why Setup a Company in Panama ?
As an offshore tax haven, Panama offers excellent advantages. Panama continues to top the list of the best places to live, particularly for expats looking for a lively, modern country in which to retire, with all the comforts of home and the idyllic allure of the tropics. The ever-increasing creation of jobs in Panama’s thriving economy leaves the country longing for a larger and better-trained workforce than Panamanians alone can satisfy.
Looking to attract the international community, the government has developed incentives for entrepreneurs, multinationals, and expats to satisfy this growing demand. Panama has very favourable laws for establishing offshore legal entities for sovereign individuals from countries around the world.
It is one of the world’s most popular tax havens, with a sound banking system offering offshore bank accounts that are open to non-resident who establish an offshore company. Panama is the ideal jurisdiction for non-resident international investors and businessmen to operate their offshore corporations, banking, investing, finances, and all other areas of international trade as well as a great place to live and work and invest in real estate.
The Panama corporation law was promulgated over 80 years ago and has since been copied by many of the other tax haven nations such as Bahamas, St. Vincent, Bermuda, Belize, Isle of Man, etc. Panama is one of the most popular places in the world to incorporate, with currently over 350,000 registered entities.
Though there have been a few changes since the OECD and FATF, most notably an increase in KYC laws and some tighter regulations, but with a supportive government that continues to stand behind the offshore formation industry Panama it’s not going anywhere anytime soon.
Panama Company Formation Package
BASIC
US$1100
- Set Up Fee
- Business Consultation
- Document Preparation
- Dedicated Account Manager
PLUS
US$1620
- Set Up Fee
- Company Rubber Stamp
- Company Seal
- Notaristic and Apostille on Documents
- Document Preparation
- Dedicated Account Manager
PREMIUM
US$1910
- Set Up Fee
- Company Rubber Stamp
- Company Seal
- Notaristic and Apostille on Documents
- International Courier
- Creation of Company Logos; Business Card; and Letterhead
- Documentation Preparation
- Dedicated Account Manager
Main Characteristics of a Panama Offshore Company
| Characteristic | Description |
|---|---|
| Company Type | Sociedades Anonima (S.A.) |
| Governing corporate legislation | The Panama Supreme Court of Justice is the governing authority and companies are regulated under the Law 32 of 1927. |
| Information published relating to company officers | Upon registration, the company directors' name will appear in the register, available for public inspection. |
| Accounting requirement | No, unless business operations are conducted in Panama |
| Taxation | No taxes of any sort. While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability. |
| Legislation | Modern offshore legislation. |
| Standard currency | US$ |
| Time to form | Panama has an efficient registry: company formed in 3-4 days (upon validation of your identification documents). |
| Stability | Stable jurisdiction with a very good reputation. |
| Communication | Efficient communication means. |
| Time zone | Convenient world time zone: GMT-5 |
| Secretary required | Yes |
| Paid up capital requirement | No paid up capital requirement. The standard share capital is USD 10,000 but can be amended to fit your requirements. |
| Renewal Date | Anniversary date of the company / Each Year |
| Basis of legal System | Under Civil Law. |
| Minimum directors/shareholders | Minimum of 3 directors and 1 shareholder |
| Bearer shares | Bearer shares are permitted, however, SFM does not assist in registering companies with bearer shares. |
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Scope of Services
* Panama Offshore Company Formation
| Services and Documents Provided (Company Formation Service Fee) | Status |
|---|---|
| The original copy of the public deed issued by Notary Public of Panama, whereby is notarized the Articles of Incorporation, duly authenticated by Apostille. |  |
| Official translation into english language of the Articles of Incorporation duly authenticated by Apostille. | |
| Original Certification of Incorporation issued by the Panama Public Registry, stating that the corporation is in good standing, duly authenticated by Apostille and with its official English translation. | |
| One (1) or Two (2) certificates of shares. | |
| Two (2) Assignments of subscription of shares. | |
| Initial Minutes. | |
| Official government receipt for the first annual franchise tax | |
| Certificate of Incorporation (Government Fee) | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies | |
| Notarization, Tax Franchise | |
Panama Offshore Company Formation is ideal for?
Financial Management
Investment Investment
Boats and Yacht Registration
Commercial Trade Activities
What are the required documents for the Panama Offshore Company Formation ?
- A certified copy of each director and shareholder’s passport
- A certified copy of each director and shareholder’s proof of domicile dated less than three months (must be in English)
- Proposed 3 company names with ending suffix “Limited”, “Corporation” or “Incorporated”.
- Last 3 months' bank statement. All in original.
Panama Offshore Company Starting from $ 1100
Order Your Company Online and Get Immediate Confirmation
Frequently Asked Questions – Panama Offshore Company Formation
Offshore or non-resident companies are described as companies that conduct an insubstantial or zero volume of business within their jurisdiction of incorporation.
Panama has a supportive legislative and banking environment making incorporation procedures both easy and flexible for many different business activities. An offshore company in Panama can be made for any legal purpose and for any legal activity, including but not limited to:
- Offshore savings and investments
- Private Interest Foundations
- Forex and stock trading
- E-commerce
- Professional service company
- Holding Company
- Licensing company
- Internet services
- Asset protection Company
A Panama Offshore Company enjoys a variety of tax exemptions and tax incentives that offer individuals and corporations a number of savings, including:
- No tax reporting requirements
- No income tax
- No capital gains tax
- No sales tax
- No tax on the issuance of corporate shares
- No tax to shareholders
- No stock sale or transfer tax
- No capital stock tax
- No property tax
- No estate tax
- No gift tax
- No stamp tax
- No succession tax
- No inventory tax
There is no minimum registered or paid-up capital for a Panama Offshore Company.
A Panama Company is not required to file audited financial statements annually with the Financial Services Commission.
Panama has no mutual legal assistance treaties (MLATs) for sharing of banking information with any other nation and does not recognize court rulings from other countries.
Yes. Absolutely! The entire process to open a bank account for Panama offshore company can be done remotely.
Skwer Group have more than 35 years combined experience in offshore company formation, our global network of registered agent based in more than 20 major jurisdictions, allow us to offer our clients the best services at a very competitive price.
Each client receives a tailor-made service, aligned with the latest jurisdiction laws. In addition, we also provide related services such as bank account opening and accounting services.
