menu
phone Contact phone white arrow down
cart

Registering a company in Panama in 2020

Thank you for your query. We will contact you soon.

Company registration in Panama in 2020

Doing business in this country has several advantages:

  • One of the most popular jurisdictions;
  • Stable economy;
  • Access to markets of South America;
  • Flexible tax system;
  • The absence of restrictions on the cash flows within country and abroad;
  • No reporting requirements;
  • You can register a company remotely.

Business registration – from 2100 €

Company registration period – from 5 days

Detailed information
Need more info?
get a detailed information
*
*
Feel like adding a comment?

* - *required fields

For entrepreneurs, who want to register a company in America, it will be beneficial to establish an enterprise in Panama.

Panama is a republic in Central America, connecting North and South America. It is a Democratic Republic, owns an excellent combination of political and economic stability.

You can open a company in Panama in the following forms:
  • a Limited Partnership (LP);
  • a Full Partnership (a General Partnership);
  • a Corporation (C-Corp/S-Corp);
  • a Closed Joint-Stock Company (CJSC);
  • a Private enterprise.

If you want to register a company in Panama, a name must contain a word, a phrase or the abbreviation, that distinguishes it from other enterprises. A name can be formulated in any language. The most common endings for company names are: S.A., Corporation, Corp., Incorporated, and Inc. If you decide to register a company in Panama, a name of the Corporation in the state register are considered within 30 days.

In order to register a company in Panama, you need to understand, that a standard practice is to determine the size of the authorized capital and a number of shares. Doing business requires a minimum share capital of $10,000. No mandatory deposit requirements.

Read also:

Island law provides for a minimum of three corporate directors to establish a company in Panama. The activities of each corporation are regulated by the Board of directors. A residency of a director does not matter.

A Board meetings can be held, using any electronic means of communication, anywhere in the world. Records are also a prerequisite, in which they report on all facts of the meeting or on permitted resolutions. Any resolution amending a Charter, including changes to the Board of directors, must be registered in the public register.

Panama offers a full tax exemption in cases, when a businessman wants to register a company with a full foreign ownership in Panama. A company is not required to submit annual reports. An initial contribution of $250 must be paid to the government after the company is registered in Panama. Over the following years, the annual fee is $300. No currency control and a tax exemption make a jurisdiction profitable for doing business.

Have you decided to register a company in Panama? Contact IQD Consulting team with any convenient feedback form.

Interested in getting expert advice?

Your name user
Your comment comment

Do you want to add an alternative form of communication?

tel add icon telegram add icon skype add icon whatsapp add icon viber add icon
people with bank
Our company shall not be liable for any direct, indirect or consequential loss arising from the use of the information and material contained in this website.

Top news in June

Popular news

Banks | Panama