Panama Starting a Business

Panama Incorporation – Step by Step Guide

Panama Key Points

  • Time – 5 – 7 days to incorporate your company
  • Directors – only three directors of any nationality, are necessary for your Corporation
  • Shareholders – only one shareholder of any nationality, is required
  • Share Capital – the standard authorised share capital for your company is US$10,000 and may be expressed in any currency
  • Share Capital – The capital of the corporation need not be paid at the time of the incorporation
  • Support – using our 20 years experience we guide you throughout every step of the company formation process
  • A company secretary must be appointed

Select the company name for your Corporation

First select a name for your corporation.

  • All Panama corporations must end with the suffix Corporation, Incorporated, Sociedad Anónima or the abbreviations Corp, Inc or SA
  • 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

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

Select a Registered Office

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

Features of a Panama 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
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