General Information about Offshore Company Formation in Panama
The Republic of Panama is located in the center of the Americas, between North America and South America. Formerly it was part of Colombia which is now a neighbor, the country declared its independence in 1903.
Panama is a major offshore center
Panama is an offshore destination widely used for oil or mining and also import-export. It is not advisable to use a company to Panama business with Europe. The country has the largest free zone in America allowing its companies to have complete tax exemption.
The different types of offshore companies that you can build in Panama:
Foundation in Panama:
It will hold real or personal property but not from engaging in commercial activity. The minimum capital of $ 10,000.
No minimum capital, three directors and a shareholder to a minimum.
Note that there are other types of companies in Panama, we present you the most used, if you want a different kind of company you can chat with one of our advisors in a telephone or chat interview.
1. Time to set up Offshore Company in Panama: 5-7 days.
2. Shelf company available.
3. Accounting is required.
4. Nominee Shareholder possible.
5. Nominee Director possible.
“Type of offshore company” – Sociedades Anónimas S.A.
“Accounting” – No accounting
“Capital requirements” – No capital requirement
“Confidentiality” – Confidentiality is guaranteed
“Commercial register” – The Supreme court of Justice acts as the supervisory authority
“Published information” – The name appears in the register of directors but not the shareholders
“Taxes” – No tax
“Law” – Common law
“Number of Directors / Shareholders” – Minimum 3 Director and 1 Shareholder
“Bearer Shares” – Bearer Shares authorized
The main activities that you can take with an offshore company formation in Panama:
“Detention of real estate property”
“Detention and exploitation of IP”
“Organizing Your Estate”