- Your Company in Panama in 3-5 days.*
- The most competitive price, in complete transparency.
- Client private data protection via secured systems.
- A dedicated manager available throughout the year.
- Your company and its application for a bank account, including eBanking and credit card.
The Republic of Panama is situated between Costa Rica in Central America and Columbia in South America with coastlines on both the Pacific and Atlantic Oceans. Its capital, Panama City, is on the Pacific coast at the entrance of the Panama Canal. Panama was a Spanish colony until 1821. In 1903, Panama broke an alliance with Colombia and became an independent republic.
The population of Panama is approximately 2.4 million, of which 700,000 live in Panama City.
Panama is one of the most well-known and recognised offshore jurisdictions worldwide, thanks to its high level of confidentiality and highly efficient register. Company formation can only be processed by a local solicitor’s office.
Panama company main characteristics:
|Company type||Sociedades Anonima (S.A.)|
|Governing corporate legislation||The Panama Supreme Court of Justice is the governing authority and companies are regulated under the Law 32 of 1927.|
|Information published relating to company officers||Upon registration, the company directors' name will appear in the register, available for public inspection. Nominee directors can be used in order to avoid the client's name appearing.|
|Confidentiality||Panama offers a high level of anonymity and privacy.|
|Accounting requirement||No, unless business operations are conducted in Panama|
|Taxation||No taxes of any sort.|
|Legislation||Modern offshore legislation.|
|Time to form||Panama has an efficient registry: company formed in 3-4 days.|
|Stability||Stable jurisdiction with a good reputation.|
|Communication||Efficient communication means.|
|Time zone||Convenient world time zone: GMT-5|
|Paid up capital requirement||No paid up capital requirement.|
|Basis of legal system||Under Civil Law.|
|Minimum directors/shareholders||Minimum of 3 directors and 1 shareholder|
|Bearer shares||Bearer shares are permitted|
European corporate identity gives you access to a huge market and to a wide range of suppliers. Enjoy prestige of the EU company and the opportunity to buy and sell within EU with 0% VAT.
Having an offshore company can help you save money. Offshore companies typically pay lower taxes. Paying lower taxes means that you can reinvest the company's earnings.
Leave the paperwork to us and get the bank account opened within a month. With LinkedEurope the bank account opening will be smooth and painless.