Panama

The Republic of Panama – an independent state with a presidential government, gained its independence from Columbia in 1903.

The legal system of Panama is based on the Spanish Civil Code with amendments adopted from the Common Law – especially regarding company legislation, which is based on the model of Delaware State (USA).

Panamian corporations (Corp.) are incorporated pursuant to the General Corporation Law and may conduct business in any part of the world, except for Panama.

Tax Rate
Corporations are exempt from all taxes
Income (Corporate) tax0 %
Paid dividends0 %
Interest paid0 %
Royalties paid0 %
A fixed government fee is payable annually instead of taxes.

Advantages 

  • Tax exempt
  • No requirements to prepare and submit Financial Statements
  • Low incorporation and annual fees
  • Panama corporations are widely used for international trading operations, investment and asset management, as means of protecting assets and for the registration of ships and yachts

Disadvantages

  • Tax heaven jurisdiction
Name Must end with the words ''Sociedad Anonima'', ''Incorporated'', ''Corporation'' or abbreviations ''Inc.'', ''Corp.'',''S.A''. Registration of company names that include the words ''Bank'', ''Insurance'', ''Trust'', ''Assurance'', ''Imperial'' etc. requires a special licence
Share capital The standard authorized share capital is 10 000 USD, no minimum paid-up capital requirements
Shareholders A minimum of one shareholder, corporate shareholders are allowed
Bearer shares required to be deposited or replaced with registered shares till 31.12.2015.
Director A minimum of three directors, individuals of any nationality
President, Secretary and Treasurer
Registration Agent Required
Registered Address Required

Company formation packages & prices
Basic
Plus
Company formation, preparation of documents
Government fee
Registered address for one year
Registration Agent fee for one year
The Articles of Association with Apostille
(ES & ENG*)
Certificate of Good Standing (ES & ENG*)
Company seal
Minutes of the first meeting with Apostille -
Nominee shareholder services for one year -
Directors (3) services for one year -
Issue of a General Power of Attorney (GPA) -
Appostilization of a General Power of Attorney -

* ES & ENG – in Spanish and English

The basic currency for invoice issuance – USD

0 – Email us for the price

Timeframe
Incorporation of a new company along with the preparation of apostilled documents 17 business days
A ready-made company, preparation of the transfer documents 3 business days

Annual support (beginning with the second year)
Basic
Plus
Government fee
Registered address for one year
Registration Agent fee for one year
Nominee shareholder service for one year-
Directors (3) services for one year -
Issue of a General Power of Attorney (GPA) -
Apostilization of a General Power of Attorney -

The basic currency for invoice issuance – USD

Annual financial statement Not required


Information that has to be provided by the customer

Incorporation process is possible as soon as the Due Diligence procedure is completed. Please fill in and send us the Order form; immediately afterwards, we are going to send you the information on the document required within the boundaries of the Due Diligence procedure.

1. Consult to determine the order. To choose a jurisdiction for a company we offer a consulting services:

  • via telephone +(371) 67280645
  • via e-mail: consult@bbp-net.com
  • via online question form found in the header Ask an expert
  • Navigation through our web site will help you to determine: benefits, prices and requirements in respective jurisdiction

2. Complete an application form. After you have made your decision, please complete one of the online application forms:

3. Issue of invoice and settlement of order. Within one business day of filling in the online application form, you will receive an invoice via e-mail. You can pay the invoice using money transfer to the BBP bank account provided in the invoice or via Internet, using PayPal. We suggest using PayPal only in case the amount is less than 200 EUR.

ATTENTION! The invoice number should be written in the details of payment!

A payment acknowledgement will be sent to you as soon as we will receive the payment.

4. After we receive the required Due Diligence documents from you, we shall commence the incorporation or the preparation of the documents required in order to carry out the acquirement of a ready-made company.

5. Document delivery to the client. Documents are sent via international courier mail.

6. Further supporting services. We guarantee to inform, assist and provide you with all the necessary services for further support of the company.

Get acquainted with jurisdiction legislation free of charge!

Select one* legislative act that you would like to receive free of charge:



* Required fields

*Please note that we shall only provide one document for free. If you would like to receive more information please contact us!