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Home > Jurisdictions > Panama
Panama offshore company
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. SFM has a partnership agreement with a local office to register Panamaean companies.
Panama Company, ideal for:
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Businessmen |
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Holding intellectual property rights |
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Commerce over the Internet |
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For the custody of movable and immovable property |
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Consultants / Counsellors |
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For inheritance purposes |
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International business |
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Stockbroker / forex |
Panama company main characteristics:
Company type
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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 orer to avoid the client's name to appear |
| Confidentiality |
Panama offers a high level of anonymity and privacy |
Accounting requirement
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No accounting / reporting requirements |
Taxation
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No taxes of any sort |
Legislation
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Modern offshore legislation |
Standard Currency
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US$ |
Time to form
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Panama has an efficient Registry : company formed in 5 days.
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Stability
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Stable jurisdiction with good reputation |
Communication
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Efficient communication means |
Time zone
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Convenient world time zone : GMT-5 |
Secretary required
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Yes |
Paid up capital requirement
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No paid up capital requirement |
Basis of legal System
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Under Civil Law |
Minimum shareholders / directors
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Minimum of 3 Directors and 1 Shareholder |
Bearer shares
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Bearer Shares permitted |
Fees
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€ 990
.- to incorporate and € 790
.- per year. Detailed Fees |
Bank account for a Panamean business
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