Company registration Panama

COMPANY REGISTRATION IN PANAMA – OFFSHORE COMPANY IN PANAMA – COMPANY FORMATION IN PANAMA

Registration costUSD 1,325.00 
Company renewal costUSD 1,275.00 
Number of directors3
Corporate tax0.00%
Paid Authorized Capital0.00
Reporting requirementsno

COMPANY DOCUMENTS:

Articles of incorporation 

Apostilled Extract from the Register 

Share Certificates

Minutes of the Meeting of the Board of the Directors

Apostilled Minutes of the Meeting of the Board of the Directors

Agreement for the provision of nominee services

Page with Apostille 

The service cost of a nominee director and a shareholder: USD 400.00.

DOCUMENTS OF NOMINAL SERVICE OF OFFSHORE COMPANY IN PANAMA

Apostilled Power of Attorney

Consent Letter (The consent of a Nominee Director to take the position)

Director Resignation Letter (undated letter from the director on the abdication of the authority)

Nominee Director’s Declaration (on nominee services)

Deed of Trust (Declaration of Trust from Nominee Shareholder)

TYPES OF COMPANIES IN PANAMA:

  • Closed joint-stock company;
  • Simple partnership;
  • Limited partnership;
  • Civil partnership;
  • Limited company;
  • Fund;
  • Individual entrepreneurship.

REGISTRATION OF AN OFFSHORE COMPANY IN PANAMA AS A FUND – ADVANTAGES:

  • Confidentiality and anonymity when transferring property shares;
  • Continuous existence;
  • It is always possible to divide the property, according to the conditions determined by the founders;
  • No currency restrictions;
  • The ability to define special conditions, etc.

COMPANY REGISTRATION IN PANAMA AS A CORPORATION – ADVANTAGES:

  • Registration within four working days;
  • No requirements for the number of shareholders;
  • No direct relationship between the paid-in capital and the value of the corporation’s assets;
  • Meeting of shareholders can be held in any country; there is no link to Panamanian citizenship;
  • Weak government oversight;
  • No need to fill out an income tax return;
  • Zero tax rate on earned dividends;
  • Audits are carried out by the decision of the meeting of shareholders, etc.

Non-resident (offshore) corporations in Panama are intended for operations outside Panama and cannot conduct business in the country. This is a popular choice due to their ease of administration, privacy, tax-free status, and because they are widely recognized by the global financial community.

KEY FEATURES OF OFFSHORE COMPANIES IN PANAMA

  • No minimum share capital requirement
  • The minimum number of directors is three (non-residents and corporate directors are allowed)
  • The shareholders are not in public records
  • The names and addresses of the directors can be found in the public domain. (Nominee directors are common)
  • No requirement for filing financial statements or audits

There are several ready-made companies available now! Contact us! 

APPLICATION OF POPULAR OFFSHORE COMPANIES IN PANAMA

  • Holding/protecting investments and assets such as real estate, shares, or other property;
  • Commercial transactions and international trade transactions;
  • Asset protection;
  • Consultations and personal service.

TAXATION OF OFFSHORE COMPANIES IN PANAMA

A non-resident corporation in Panama has tax-free status, including exemption from income taxes:

    • dividends,
    • interest,
    • rent,
    • royalties,
    • capital gains from the sale of company shares.

The only tax to be paid is the Annual Single Tax; its amount is strictly defined:

    • the first year, after registration – USD 250.00;
    • each subsequent year – USD 300.00.

If you want to register an offshore company in Panama, our specialists will help you to do that quickly and efficiently. Also, you can buy a ready-made company in Panama. Write to us in the CRM form, and we will help you register a company in Panama.

The specialists of Eternity Law International will provide you with expert advice on buying a European company, obtaining a VAT number, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage of work.

We offer ready-made European and offshore companies – renewal of documents for new owners takes two days.

If you have any questions or need some advice on registering or buying a company, call us on the numbers listed on the website, or fill out and send us the form located at the bottom of the page.

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