Your future in a safe place
Offshore Services
| Basic Fees to include:- |
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| TOTAL FIRST YEAR FEES - US$ 1340 |
This company formation is NOW ON OFFER FOR A LIMITED PERIOD order now for US$995
| Additional Services available |
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Please contact us for a customised costing; in most cases we are able to provide you with a bespoke service.
| Additional Information | |
| Type of entity | Non Resident |
| Type of law | Civil |
| Shelf company availability | Yes |
| Our time to establish a new company | 2 days |
| Minimum government fees (excluding taxation) | US$300 |
| Corporate Taxation | Nil |
| Double taxation treaty access | No |
| Share Capital or Equivalent | |
| Standard currency | US$ |
| Permitted currencies | Any |
| Minimum paid up | US$1 |
| Usual authorised | US$10,000 |
| Directors | |
| Minimum number | 3 |
| Local required | No |
| Publicly accessible records | Yes |
| Location of meetings | Anywhere |
| Shareholders | |
| Minimum number | One |
| Publicly accessible records | Optional |
| Location of meetings | Anywhere |
| Company Secretary | |
| Required | Yes |
| Local or qualified | No |
| Accounts | |
| Requirement to prepare | Yes |
| Audit requirements | No |
| Requirement to file accounts | No |
| Publicly accessible accounts | No |
| Other | |
| Requirement to file annual return | No |
| Change in domicile permitted | Yes |
Panama has many investment incentives that offer many opportunities for foreigners who wish to take advantage of Panama company registration. Tax breaks, duty exemptions and other incentives are available for those Panama offshore companies involving tourism - including hotel and resort construction and other housing developments, both in and out of the larger cities. Also in play are forestry and agriculture industries, so there is a wide variety of choices for those who are looking to set up a Panama company.
A Panama corporation - called a Sociedad Anonima - is one limited by shares. The capital is normally USD$10,000, plus USD$60.20 capital tax, plus USD$300 every year as a registration fee. The Articles of Incorporation are notarized and then registered at the Public Registry Office. Once your Panama incorporated company is up and running, there are no corporate taxes to be paid, and no annual return is required to be filed. Also, your Panama offshore company board meetings can be held anywhere in the world.
Panama trusts do not have to be registered in Spanish; in fact, they do not have to be registered at all, nor are any fees due. Panama trusts are irrevocable except when explicitly deemed otherwise in writing at time of establishment.
When the U.S. gave the Canal to Panama in 1999, it proved to be an opportunity for Panama to use the area as a type of special economic zone, utilizing the now-empty military bases previously occupied by the U.S. military. The Colon Free Zone, on the Atlantic side of the canal, is home to over a thousand Panama companies responsible for more than USD$9 billion in imports and exports.
Panama has what is called a Petroleum Free Trade Zone, which began in 1992 and has served as an excellent strategic tool for crude oil, oil byproducts, gasoline and other petroleum. There are several different types of exemptions and tax incentives available.
Additional Panama company services available from Offshore Banking International include:
- Corporate Seal (required)
- Opening of Panama bank accounts
- Panama Incorporation
- Power of Attorney
- Certificate of Good Standing
- Notarization per document or set
- Apostle per document or set
- Nominee Director
- Nominee Shareholder
- Virtual office
- Domain name registration
- Website design
A Panama IBC is extremely flexible and can accommodate practically any current financial circumstance or future goal for your new Panama offshore formation.
In addition, Panama banking can open up a world of possibilities for your investments. We work closely with Panama banks to ensure that you have a financial plan that allows you to grow your wealth.
If you're looking to learn more about how a Panama company formation can help your bottom line or how having a Panama bank account can assist you in your financial goals, please do not hesitate to contact us today. We're happy to give you sound advice and also choose the offshore jurisdiction that is right for you - whether it's Panama, or one of the dozens of other offshore jurisdictions serviced by OBI.