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Panama

General Information

Panama, officially called the “Republic of Panama”, is a country usually considered to be entirely in North America or Central America. The capital and largest city is Panama City, whose metropolitan area is home to nearly half of the country’s 4.1 million people. Panama’s economy, because of its crucial geographic location, is mainly based on a well-developed service sector especially commerce, tourism, and trading.

Key Benefits:

  • Any profit obtained from an outside source of Panama is free of tax, due to Panamas’ territorial tax system.
  • No paid-up capital requirement.
  • Incorporation procedure is fast and maintenance fees are at the minimum.
  • No currency exchange controls
  • Confidentiality through legal protection is offered from legislations of Panama; for businesses and banking transactions.

Fact Sheet

General
Type of Company Non resident
Type of Law Civil
Shelf company availability Yes
Our time to establish a new   company 1-2 days
Minimum government fees (exl. Tax) US $300
Corporate Taxation 0
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 & Secretary
Minimum Number 3
Local Required No
Publicity accessible reports Yes
Location of meetings Anywhere
Secretary
Shareholders
Minimum Number 1
Local Required
Publicity accessible records Optional
Accounts
Annual Tax Return No
Audit Requirements No
Requirements to file accounts No
Publicity accessible records No
Other
Requirement for file annual return No
Change in domicile permitted Yes
Recurring Government costs
Minimum annual Tax/ License Fee
Annual Return Filling Fee

We are proud to have an established international network of associates that enables us to provide services beyond compare, to our existing and new to come clients. One of the things we value the most, is communication with our clients. Feel comfortable to contact us anytime for any enquiry you might have.