Company formation in Panama

The most popular corporate registration form in Panama is the International Business Company (IBC)

0%

corporate tax, withholding tax, capital gains (outside Panama)

$1

minimum paid up share capital

17

countries have signed a double taxation avoidance agreement with Panama

Step by Step Description

Step 1. Initial Setup:

  • Initiating a preliminary project assessment
  • Preparation and filing of the package of documents

Step 2. Company registration:

  • Verification and reservation of the company name
  • Facilitating the notarial process for the company's official registration
  • Incorporating the company's data into the Register
  • Obtaining the Certificate of incorporation from the Register, Memorandum and Articles of Association

We also can help with:

  • Company secretarial services
  • Opening bank accounts
  • Preparing apostilled documents
  • Further legal support

Requirements for IBC in Panama

Before deciding to set up a new company in Panama, read the information below to understand the characteristics of a International Business Company (IBC):

The type of company is an International Business Company (IBC).

Number of directors/shareholders – minimum 3 directors (President, Secretary and Treasurer) and 1 shareholder.

Company secretary – yes.

Share capital – no paid up share capital. Standard share capital is $10,000.

Liability – members are only liable to the extent of their participation.

Accounting – no, unless business operations are conducted in Panama.

Document requirements:

Taxation in Panama:

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