Officially the Republic of Panama, Panama is the southernmost country of Central America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean to the north and the Pacific Ocean to the south. The capital city is Panama City.
Panamanian Corporations have been recognized across the world as offshore vehicles that can be successfully used in a variety of International Business, commercial and industrial activities, business structures, business transactions, Asset Protection, Estate Planning Structures, among others. Panamanian Corporations are incorporated under the Corporation Statute Law 32 of the 1927 Commercial Code.
Under Panama’s Corporation Law it is possible to have a corporation owned by only one person. The Law requires a minimum of three officers (a president, a treasurer, and a secretary) and three directors.
Some of the basic facts on incorporating in Panama:
Only 5 days to incorporate
A Corporation requires 3 directors of any nationality
Only 1 shareholder required of any nationality
A company secretary must be appointed
The standard authorised share capital for your company is US$10,000 and may be expressed in any currency
Both corporations and individuals may act as directors and the minimum number of directors is three. They may be of any nationality and need not be residents of Panama. Panamanian companies are also required to appoint a minimum of three officers – president, secretary and treasurer – who may also be the directors.
The minimum number of shareholders is one, and the may be of any nationality and may reside anywhere. The name of the shareholder is not required to be registered in the Panamanian Public Registry, providing you with complete confidentiality. Panamanian corporation can have either registered shares or bearer shares.
Callamus will provide you with expert assistance throughout every step of the company formation process.
What sets Panamanian companies apart from others:
No restrictions on nationality
No requirements to disclose ownership
No restrictions concerning ownership of shares
No residence requirements for directors/officers
No paid up capital requirements
No income tax, if income is produced outside Panama
Total tax exemption on all and any business activity or transaction carried on outside the jurisdiction
No requirements to file annual financial statements
No requirement to hold Annual General Meetings of shareholders or director
Reasonable annual registration tax and resident agent fees
TOTAL PANAMANIAN INCORPORATION PRICE INCLUDING FIRST YEAR OF MAINTENANCE & REGISTERED OFFICE & NOMINEE SERVICES 2510$
AFTER THE COMPANY’S ONE YEAR ANNIVERSARY A FEE OF 950$ FOR THE ANNUAL MAINTENANCE, REGISTERED OFFICE & NOMINEE SERVICES
WE GUARANTEE CORPORATE BANK ACCOUNT OPENING FOR YOUR PANAMANIAN COMPANY
Contact us today on +30 210 4175 402 or by email: firstname.lastname@example.org for a free consultation!