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Panama Offshore Company Registration - Business Setup

More Information

5 simple steps are needed to register an offshore company in Panama

 
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Register your company successfully
Once your documents have been processed your company will be successfully registered.
 
Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.
 
Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.
 
 

Panama Offshore Banking Options

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Panama Offshore Company Formation

Good to Know
Panama has the second largest economy in Central America and is also the fastest growing economy and largest per capita consumer in Central America. Since 2010, Panama remains the second most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index.

Main Characteristics of a Panama Offshore Company

Company type
Sociedades Anonima (S.A.)
Governing corporate legislation
The Panama Supreme Court of Justice is the governing authority and companies are regulated under the Law 32 of 1927.
Information published relating to company officers
Upon registration, the company directors' name will appear in the register, available for public inspection.
Accounting requirement
No, unless business operations are conducted in Panama
Taxation
No taxes of any sort.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
Legislation
Modern offshore legislation.
Standard currency
US$
Time to form
Panama has an efficient registry: company formed in 3-4 days (upon validation of your identification documents).
Stability
Stable jurisdiction with a good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT-5
Secretary required
Yes
Paid up capital requirement
No paid up capital requirement. The standard share capital is USD 10,000 but can be amended to fit your requirements.
Renewal Date
Anniversary date of the company / Each Year
Basis of legal system
Under Civil Law.
Minimum directors/shareholders
Minimum of 3 directors and 1 shareholder
Bearer shares
Bearer shares are permitted, however, SFM does not assist in registering companies with bearer shares.

Documents Required

for the Creation of a Panama Company

A certified copy Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport, a certified copy of proof of domicile dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**






Panama Offshore Jurisdiction News


The Most Popular Jurisdictions To Open A Company

12 February 2020
Choosing an offshore jurisdiction to form your company and can be a complicated and confusing process. There ..
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Panama Green Lights Beneficial Owner Register Legislation

20 January 2020
In early January, Panama’s National Assembly approved Bill No. 169 permitting the creation of a register of beneficial owners for legal entities operating in the [..]
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Panama TAX incentives for established companies updated

13 March 2019
Law No. 66 of 13 December 2018, relating to the tax incentives for companies established in the Panama-Pacific special economic zone, modifies Law No. 41 of 2004.[..]
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* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

Frequently Asked Questions

Company Formation in Panama

  • Is it legal for me to setup an offshore company in Panama?

    Absolutely, offshore companies, also known as Sociedades Anonima (S.A.) formed in Panama are perfectly legal and are recognized internationally, and are able to open bank accounts.
  • Is a Panama Offshore Company tax liable?

    No, Offshore companies formed in Panama are not subject to taxes on profit or capital gains.

    While a company may not be subject to tax reporting to its local authorities, you should consult with your own tax, legal or accounting advisor to determine whether you are subject to tax in any other jurisdiction including the jurisdiction in which you are a tax resident.
  • Do I need to travel to Panama at any point in time to setup my Panama company?

    No, travel is absolutely not required and all formalities can be completed remotely.
  • How many Directors and Shareholders should be appointed on my company in Panama?

    A minimum of 3 directors (President, Secretary and treasurer) should be appointed. They may be of any nationality and need not be residents of Panama.

    SFM can provide directors as part of its service.

    A minimum of 1 shareholder should be appointed.
  •  
  • Under what kind of law are Panamean companies regulated?

    Under civil law. Companies in Panama are regulated under the Law 32 of 1927. The Panama supreme court of justice is the governing authority.
  • Do I need to submit accounting records for a company in Panama?

    No companies formed in Panama do not need to file any accounts.
  • Do I need to deposit the paid up capital for a Panama SA?

    No paid up capital requirement. The standard share capital is USD 10,000 but can be amended to fit your requirements.
  • Will my name be public once I register a Panama company?

    Company officer names will be appearing in the Panama public register, available for public inspection.


Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

4.7 out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
12-Jan-2015
When I initially took on SFM, I though the process would take 2-3 days, this was quoted in their website for registration in BVI. I started the ball rolling on the 15th of April and it is only recently that I have been told the Registration is complete. A lot of this due to my working abroad and my wife also being a director, which has delayed document signings and submission.

There was a lot of documentation to sign and provide. When I thought it was all done I was presented with more paper work. I find it very hard to believe that to form a company in a few days is possible in the best of circumstance.

However my company is now formed and I have a bank account with a bank recommended by SFM. They leave quite a bit to be desired, but then that is internet banking.

I think your selection of 4 catagories is not good as I would not say they were 'Poor' but I would also not describe them as 'Good' either. A ranking of 1 -10 would be a farer way of evaluation simplistically, in that case I would give them a 6 out of 10
14-Dec-2014
The offshore registration transaction was pretty straight forward. What should have been a similarly simple follow up bank account setup became a convoluted process bogged down by compliance red tap. SFM persevered through months of paper work to get the job done. Really quite impressed.
03-Dec-2014
They are very professional and efficient I can recommend them to foreign professionals.
11-Nov-2014
Tout s'est bien déroulé avec SFM. Ma société et mon compte ont été ouverts dans les délais annoncées sur leur site et mon interlocuteur a toujours été dispo donc AAA. merci.
10-Nov-2014
Je n'ai pas eu les informations nécessaires avant de ma lancer dans cette aventure.
J'ai mis plusieurs mois (plus de 2 mois) avant de voir ma société être créee et à ce jour je n'ai toujours pas de documents officiels hors des échanges de mails.
Les services ne sont pas complets
06-Nov-2014
Great services the people of SFM give to businessman all around the world that has special and unique necessities when it comes to legal and tax advising.
Stars