Panama Company - Offshore Company Formation

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Panama Company - Offshore Company Formation JURISDICTIONS & FEES

• General
• Type of Company : Non-Resident
• Political Stability : Fair
• Standard Authorised Capital : No
• Tax on Offshore Profits : Nil

• Corporate Requirements
• Local Registered Office and Registered Agent Required : Yes
• Minimum Number of Directors / Managers : 3
• Local Directors Required : No
• Corporate Directors Permitted : Yes
• Minimum Number of Shareholders / Members : 1
• Local Shareholders Required : No
• Corporate Shareholders Permitted : Yes
• Company Secretary Required : Yes
• Bearer Shares Allowed : Yes, but not available

• Annual Requirements
• Filing of Annual Return : No
• Submit Audited Accounts : No
• Min. Annual Tax / Licence Fees : US$250
• Shelf Companies Available : No

Panama Company - Offshore Company Formation GENERAL INFORMATION

• Panama INTRODUCTION
  The Republic of Panama occupies an area of 77,082 square kilometres and is situated between Costa Rica in Central America and Columbia in South America with coastlines on both the Pacific and Atlantic Oceans. Its capital, Panama City, is on the Pacific coast at the entrance of the Panama Canal. Panama was a Spanish colony until 1821. In 1903, Panama broke an alliance with Colombia and became an independent republic. The population of Panama is approximately 2.4 million, of which 700,000 live in Panama City.

• Panama LANGUAGE
• The official and spoken language is Spanish, although English is also spoken widely in urban areas and is used daily in commerce and international trade.

• Panama TYPE OF LAW
• Panamanian law is based on the Spanish Civil Code, although the company law has been taken from the corporation law of Delaware in the USA.

• Panama Company TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
• Limited Liability Companies and Limited Partnerships

• Panama Company TIME TO INCORPORATE
• One Day, but allow ten working days for receipt of documentation.

• Panama Company RESTRICTIONS ON NAME AND ACTIVITY
• Names must end with one of the following words, or their relevant abbreviations - Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima. Names may be expressed in any language using the Latin alphabet. The Registrar may request a Spanish or English translation.
• The following names and their associated activities, cannot be used: Assurance, Bank, Building Society, Savings, Loans, Insurance, Reinsurance, Fund, Royal, Trust, Chamber of Commerce, University Co-operative and Municipal.

• Panama Company CLASSES OF SHARES PERMITTED
• Registered shares, bearer shares, shares of no par value, preference shares and non-voting shares.

• Panama Company DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
• No.

• Panama Company FINANCIAL STATEMENT REQUIREMENTS
• There is no requirement to file annual audited accounts with the authorities.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.

If you would like further information concerning Panama Company Incorporation, please contact our professionals and we will provide you with free advisory.

Offshore Company Listing

• In order to meet different demands from clients, we are providing the following offshore company formation service Acting as a holding company International trade Investment .

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