Company registration in Panama | |||||||
|---|---|---|---|---|---|---|---|
| Name of service | Package Economy | Package Standard | Package Full | Package Plus | Package Exclusive | ||
| Company registration | + | + | + | + | + | ||
| Legal address for 1 year | + | + | + | + | + | ||
| Share certificate | + | + | + | + | + | ||
| Registered agent | + | + | + | + | + | ||
| Stamp of the company | + | + | + | + | + | ||
| Apostille of documents | – | + | + | + | + | ||
| Nominee director | – | – | + | + | + | ||
| Nominee shareholder | – | – | + | + | + | ||
| Issue of The Power of Attorney to one person | – | – | + | + | + | ||
| Corporate accounts in Rietumu bank | – | – | – | + | + | ||
| Personal account in the bank of Latvia | – | – | – | – | + | ||
| Total cost | 789 EUR | 922 EUR | 1187 EUR | 1452 EUR | 1452 EUR | ||
| Discount price | 789 EUR | 736 EUR | 1143 EUR | 1408 EUR | 1408 EUR | ||
| Annual service fee | 789 EUR | 789 EUR | 1143 EUR | 1143 EUR | 1143 EUR | ||
Order | Order | Order | Order | Order | |||
General information
Area – 75,517 sq. km
Population – 3,310,000
Сapital – Panama City
Official language – spanish
Official currency – Balboa, US dollar (PAB, USD)
Legal form of Company
Most common form of legal entity in Panama is International Business Company(IBC)
Key specials
Panama doesn’t have agreements on exemption from double taxation
Providing of banking, insurance or trust services are subject of special license
Corporate legislation
Corporation Act 1927, modified in 1997
Share capital
No obligations of share capital contribution
Share capital is established by declaraton
No minimum or maximum limits set
Standard share capital is 10 000 USD devided into 100 shares with par value of 100 USD each
Authorised issue of both beared or registered shares with or without par value
Bank account opening
For Panama Company we offer bank accounts in following countries:
Latvia
Estonia
Lithuania
Switzerland
Cyprus
Denmark
St. Vincent and the Grenadines
Belize
Seychelles
Tanzania
Bosnia
Hong Kong
Dubai
Full list of bank accounts with tarrifs you can find here
Directors
Minimum 3 directors are required
Use of nominee directors is allowed
Directors can be residents of any country
Directors can be private or corporate
Shareholders
Minimum one shareholder is required
Use of nominee shareholders is allowed
Shareholders can be residents of any country
Shareholders can be private or corporate
Accountancy
There is no need to arrange accountancy while trading outside of Panama
No Annual accounts are required while trading outside of Panama
Disclosure of beneficial ownership to Government Authorities
Not disclosed
Timeframes
New Company registration takes from 1 day.
Shelf companies are available.
For more information, please contact us.
For more information, please contact us