Step by Step Guide to Incorporating in Panama

Company Type	Time to Incorporate	Cost
Corporation	5 - 7 days	£740

Select the company name for your Corporation

First select a name for your corporation.

• All Panamanian corporations must end with the suffix Corporation, Incorporated, Sociedad Anónima or the abbreviations Corp, Inc or SA. They may not utilise Limited or Ltd as an end to your name.
• The name of your company may not be identical to that of an existing company.
• Your name may be expressed in any language.
• A company name check can be carried out free of charge to see if a required name has already been registered.
• We can reserve your company name for up to ten days.
• You are not be allowed to use a name which is either identical or deceptively similar to one that is already used by another corporation.

Share Capital

Select the number of shares each shareholder will have.

• The standard authorised share capital for your company is US $10,000
• It then gets divided in to 100 common voting shares of US $100 or 500 common voting shares at no par value.
• The capital may be expressed in any currency.
• Share capital does not have to be paid into a bank account before the incorporation.
• The minimum issued capital is one share.

Select Directors

Decide who will be the directors of your company.

• Directors may be of any nationality and may reside anywhere.
• Your company requires three directors.
• Nominee directors can be provided by Formacompany.
• Corporate directors are allowed.

Select Shareholders

Select who will be the shareholders of your company.

• The minimum number of shareholders is one.
• Shareholders can be of any nationality and may reside anywhere.
• The name of the shareholder is not required to be registered in the Panamanian
  Public Registry. Provides complete confidentiality.
• Panamanian corporation can have either registered shares or bearer shares.

Select a Registered Office

A Panamanian registered office is required for your company. Formacompany can provide this service.

Features of a Panamanian Company

• There is no need to hold annual meetings of directors or shareholders.
• Members and/or Administrators may hold their meetings in any country and they may attend such meetings by proxy.  
• Panamanian Companies can be incorporated without regards to the nationality of its directors and shareholders.
• The authorized capital does not have to be paid in full or partially.
• There is no income tax, if income is produced outside of Panama.
• The freedom of capital movement in and out of panama and the absence of regulatory supervision.
• No requirement to file annual returns or financial statements.
• No limitations on the maximum number of directors or shareholders.
• The company may engage in any type of civil or commercial activities.
• The financial liability of the members is limited to the amount of their participations made or promised.
• Members and administrators may be of any nationality, resident of any country and be either corporate entities or natural persons.
• The company can be easily converted into any other type of entities, such as a Corporations.
• The company can be re-domiciled to any jurisdiction and vice versa.
• The company can be merged into/with any type of legal entities.
• Incorporation documents may be drafted in any language together with a translation into Spanish.
• It is not mandatory to present the changes of administrators at the Public Registry.