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Panama Offshore Company Registration - Business Setup

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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-May-2014
SFM have helped to incorporate several companies and helped to open bank accounts at several different banks. Their staff is very friendly and very professional. I would certainly use their services again.
12-May-2014
They did a great job for me. They are very professional people.I am grateful.
20-Apr-2014
Perfect company. Natasha is perfect assistant, she help me a lot, SFM really take care about their clients at the best way!
10-Apr-2014
many time wasted to arrange all the company papers and open bank account. excellent personal care, but slow performace.
08-Apr-2014
I have established my offshore company International Business Enterprises through SFM in Dubai.
The SFM team in Dubai is very professional and they know the Offshore Business inside out. I was very well briefed on the Offshore Business by the SFM team.
The communication is very good; they always keep you up to date with regards to the registration process.
It is nice to have such a competent team on your side.
08-Apr-2014
J’ai commandé une société aux Seychelles et un compte bancaire en Suisse, a travers les services de SFM. Tout s’est bien déroulé et mon interlocuteur m’a relativement bien suivi tout au long du processus.
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