Panama

Panama is located between Costa Rica and Columbia, and is considered as the connection between Central and South America. Spanish is the official language while English is also widely used. Panama is mostly known for its canal, which connects the Pacific (Gulf of Panama)and Atlantic (Caribbean Sea) oceans.

Panama-registered offshore companies are submitted to the same corporate law as domestic companies. There is however no tax on income generated overseas.

Incorporation requirements
-Three (3)directors or more
-One (1) shareholder or more (at least two at time of registration, and one can transfer his shares back after registration is complete)
-Corporate bodies are acceptable as directors or shareholders
-Local shareholder & director: not required
-Corporate secretary: YES
-Local registered office: YES
-Annual return: not required
-Audited financial statements: not required

Capital structure
-No minimum paid-in capital required
-Minimum issued capital: one share
-Standard issued capital: USD10,000 (or equivalent in other major currencies)
-Various categories, types and classes of shares allowed: par and non-par, voting and non-voting etc.
-Shares can be paid up in cash, asset transfer or other considerations
-Bearer shares are allowed
-Issued capital does not need to be actually paid up

Tax structure
All income generated out of Panama are tax-exempt.

Confidentiality & Privacy
Names of a Panama company owners are shown on the incorporation documents, but only directors names appear in the public record. Nominee services are available to ensure additional privacy.

Our service
The registration of a Panama company takes around 10~15 days. The total cost is USD1,000. Additional charges (stamp duty fee) apply if issued capital exceeds USD10,000. The registration package includes:
-Panama company name search
-Documents preparation and submission (Articles of Association, Memorandum, company minutes etc.)
-Payment of first year government fees
-Appointing a nominee shareholder (if required)
-Filling the application at the Panama company registry
-First year registered office fees
-Express delivery to your mailing address
-Our service charge

You will need to fill a form and provide a copy of your passport.

Upon registration completion, you will be receiving:
-A certificate of incorporation
-The Memorandum and Articles of Association
-The minutes of the first meeting of the board of directors
-The register of shareholders and directors
-The share certificates
-The corporate seal

Renewal & maintenance
The annual cost from the second year is USD850 for the standard issued capital (USD10,000)