Panama

TYPES OF COMPANY:

  • Corporations (Societes Anonymes with Limited Liability
  • Private foundations (civil law)S
  • Limited Liability Companies (S.R.Ls)
#Title
Capital requirements: None
Annual fees: $750
Rate of Taxation: No corporate taxes on foreign companies
How long to incorporate: Two to four business days
No. of Members needed: Minimum of one.
No. of Directors needed: Three directors and three officers. Same directors may serve as officers.
Can be corporations of individuals. Must have president and secretary and treasurer.
For private foundations one corporate council member or three individuals required
Disclosure required: No
Annual meetings: Meetings for directors and shareholders may be held anywhere in the world.
No minutes of meeting, annual returns or accounts required
Exchange controls: None

ADDITIONAL SERVICES

NamePrice
Courier $100

BANK ACCOUNT OPENING

NamePrice
Caribbean $500
Europe $800
Hong Kong $1,000