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Registration of a company in Panama
- Price:from 1900 EUR
- Term:3-4 weeks
Panama is a classic tax-free zone that attracts foreign investors with high confidentiality and the absence of a tax burden. The jurisdiction is very popular among businessmen and, despite the global de-offshorization, it maintains a favorable offshore climate. Unlike other countries, Panama has not introduced strict rules for the real presence of companies and has not made a register of beneficiaries public.
Creating a business in this region allows you to remotely conduct operations around the world, use international trade routes and not highlight financial statements. With qualified legal support, a Panamanian company remains one of the best offshore solutions.
- identification of the client according to the KYC procedure
- registration procedures
- payment of the registration fee
- services of a legal address for a year
- legal and tax advice
- preparation of a package of corporate documents
- one courier delivery
- verification of the company's compliance with all compliance and KYC criteria
- legal support of the company
- payment of the annual franchise fee
- services of a legal address for a year
- legal and tax advice
- 1Direct access to the US market and access to seaports
- 2Foreign income is fully exempt from taxation
- 3100% foreign ownership of the company is allowed
- 4 Jurisdiction suitable for registration of yachts and ships
- 5Data about the real owners of the Panama offshore is confidential
- 6You can open offshore in Panama remotely without personal presence
- 7Panama allows redomiciliation "relocation" of companies to another country
Panama is most often regarded as a tax-free jurisdiction. Non-resident companies that conduct their business activities exclusively abroad do not pay local taxes. The only requirement for them is the annual payment of a franchise fee or tax. Upon incorporation of a company, such a fee is paid in the amount of 250 USD, in all subsequent years - 300 USD. Payment terms depend on the financial year of the company: before 30.06 or until 31.12.
All other companies, local and those that have an active business in the country, are subject to the corporate rate of 25%.
Panama allows doing business in such forms as: closed joint stock company, partnership (full, civil, limited liability), private enterprise, fund.
For tax purposes, non-residents most often use a closed joint-stock company or, in other words, a corporation - Corporation.
- Capital – no minimum amount, 10 000 USD is used as standard. The capital is divided into shares.
- Shareholder - a private or corporate person of any residency. The registration procedure requires 1 shareholder.
- Director - a private or corporate person of any residency. A minimum of 3 directors must be appointed in the company.
- Secretary - private person only, residency and qualifications are not taken into account. The position is compatible with the director.The register of beneficiaries is closed, data on beneficial owners are available only to the competent authorities or by court order.
- The register of beneficiaries is closed, data on beneficial owners are available only to the competent authorities or by court order.
- Available information - about the name of the company, legal address, the size of the authorized capital, directors. Shareholder data is not publicly available.Substance requirements - apply only to the storage of accounting records for all companies, without exception. The presence of a real office, employees will enhance the reputation of the company, but is mandatory. Legal address - must be located in Panama.
- Substance requirements - apply only to the storage of accounting records for all companies, without exception. The presence of a real office, employees will enhance the reputation of the company, but is mandatory. Legal address - must be located in Panama.
Offshore companies are not required to prepare and file annual financial statements if they do not conduct commercial activities in the country. The same goes for the audit.
But, with the tightening of substance rules, resident and non-resident companies must now keep accounting records for the last 5 years of activity.
Accounting records and supporting documentation may be kept at the resident agent's offices in the Republic of Panama or anywhere else, including outside the country.
- 3 desired company names
- description of directions of work of the future company
- national and foreign passports of all shareholders and directors
- confirmation of the address of registration of the shareholder (for example, a utility bill receipt)
- confirmation of the address of registration of each director (for example, a utility bill receipt)