Panama

The Republic of Panama is a country in Central America. It is bordered by Costa Rica, Colombia, the Caribbean and the Pacific Ocean. Through the Panama Canal the Atlantic Ocean is connected with the Pacific Ocean which provides a unique position of Panama having access to both coasts.

Panama's economy, because of its key geographic location, is mainly based on a well-developed service sector especially commerce, tourism, and trading. The high levels of Panamanian trade are in large part from the Colón Free Trade Zone, the largest free trade zone in the Western Hemisphere. Panama is a great destination for offshore ventures.

The official language is Spanish and the currency is Balboa (PAB) and United States dollar (USD).


Company Incorporation and local Requirements

Minimum Share Capital

One share

Bearer Shares Allowed

Yes (to be held by the Panama’s Agent a Custodian)

Minimum Number of Shareholders

One

Government Register of Shareholders

No

Minimum Number of Directors/Officers

Three

Local Directors

No

Corporate Directors Permitted

Yes (to hold the positions of President, Treasurer

and Secretary)

Government Register of Directors

Yes

Local Meetings

No

Local Secretary

No

Registered Agent

Yes

Shelf Companies Available

Yes

 

 

COMPANIES FEE SCHEDULE

 

Basic package

Company formation costs – 2.250 USD


Annual fees

Registered office and registered agent – 500 USD

Annual franchise tax – 300 USD

Secretary (optional) – 300 USD

 

Confidential package

Corporate director (each) – 600 USD

Physical director (each) – 2.000 USD

Corporate shareholder (each) – 400 USD

Physical shareholder (each) – 1.400 USD


COMPANY RELATED COSTS

Issue of a Certificate of Good Standing – 500 USD

Issue of a Certificate of Good Standing with Apostille – 600 USD