OFFSHORE COMPANY FORMATION IN PANAMA
Hassle-free, tax-free, and secure offshore company formation in Panama
Panama Company Formation
Hassle-free, tax-free, and secure offshore company formation in Panama
Do you want to start the company formation process in Panama? Discover how you can get started.
Panama company formation comes with very few regulations. Once you receive approval for the proposed name and submit the Memorandum and Articles of Association, you’ll see your company established in five to seven working days. There are a variety of available suffixes depending on your chosen company structure, and Panama does not have any language restrictions.
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A corporation requires three directors, who are not required to have residency. In addition, the corporation also needs one shareholder.
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The shareholder does not have to provide personal information and is not recorded. You will need to hire a notary to complete the paperwork, and you must have a registered office in Panama.
There is no fee for the translation of the Articles of Incorporation, but there is an annual fee for business renewal. Panama also offers a ready-made company option.
Benefits
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Corporate and income tax-free business environment
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Not required to file financial statements
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High level of corporate confidentiality
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Not required to hold corporate meetings
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No share restrictions
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No exchange controls
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Low business registration and maintenance fees
What are the other benefits of Panama company formation?
Did you know that offshore companies incorporated in Panamas can own assets such as real estate anywhere in the world or act as holding companies? That gives you flexibility along with the power to carry out business activities inside Panama as well as abroad while enjoying the favourable tax regime. The country also has the Colon Free Trade Zone along the Panama Canal, offering a crucial channel for trade in the Western Hemisphere.
Some of the other benefits of Panama company formation are:
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Corporate and income tax-free business environment
-
Not required to file financial statements
-
High level of corporate confidentiality
-
Not required to hold corporate meetings
-
No share restrictions
-
No exchange controls
-
Low business registration and maintenance fees
Panama Company Formation Requirements
What are the Panama company formation requirements? A corporation requires three directors, who are not required to have residency. In addition, the corporation also needs one shareholder. You must include any of the following suffixes in your company name: S.A. (Sociedad Anónima), a Spanish-language equivalent of Corporation, Incorporated, Inc., Corporation or Corp.
The shareholder does not have to provide personal information and is not recorded. You will need to hire a notary to complete the paperwork, and you must have a registered office in Panama.
There is no fee for the translation of the Articles of Incorporation, but there is an annual fee for business renewal. Panama also offers a ready-made company option.
The documents you need to meet Panama company formation requirements are:
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Articles of Incorporation that the two subscribers present to the Public Registry
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Names of the Directors
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Name of the Panama Registered Agent