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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