BENEFITS OF A PANAMA COMPANY; COMPLETE GUIDE
Panama is a very attractive country for investors who are seeking to set up a company in Panama to benefit from its tax exemption since Panama is known to be the best tax haven jurisdiction in the world.
At Panama Legal Center firm, our corporate lawyers assist clients to establish their Panama company and take advantage of Panama IBC tax exemption. Incorporating a company in Panama provides significant advantages like TAX BENEFIT, PRIVACY PROTECTION and FLEXIBLE CORPORATE STRUCTURE.
OUR CORPORATE LAWYERS CAN SET UP A COMPANY IN 7 DAYS
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BENEFITS OF A PANAMA COMPANY
✅ IDENTITIES OF SHAREHOLDERS ARE ANONYMOUS
The identities of shareholders of a Panama company are kept strictly confidential and are not registered at the Panama Public Registry. There is a beneficial owner registry of companies, however, it remains private and guarded by a superintendence in case they are required by a Panamanian authority.
✅ SHARE CERTIFICATES PRIVACY
Share certificates are issued in private documents, and the officers and directors of the corporation are not required to be shareholders.
✅ PRIVACY
Panama offers a globally recognized financial infrastructure that values and safeguards financial privacy.
✅ SHAREHOLDER MEETINGS
Shareholder and director meetings can be held in the Republic of Panama, or they can be held in any other country.
✅ NO BUSINESS LICENSE REQUIRED
Corporations that engage in business outside of Panama are not required to obtain a commercial license or operation notice in Panama.
✅ NO NATIONALITY RESTRICTIONS
The directors and shareholders of the company can be members of any nationality and residents of any country.
✅ NO NEED TO DEPOSIT CAPITAL
The registered capital for the corporation is simply a nominal figure that projects the estimated value of the entity and does not need to be paid or deposited.
✅ TAX EXEMPTION LAW
The territorial source principle is the basis of taxation in the Republic of Panama. This means that any income that is obtained from operations outside of the country of Panama is not taxable. The client must consult with a legal or tax specialist in his country of residence or nationality to comply with his local tax responsibilities.
✅ ACCOUNTING RECORDS/ANNUAL FRANCHISE TAX
The accounting books of the corporation may be managed within Panama, abroad or even by electronic means. Records associated with international corporation activities can be kept anywhere in the world; however, the Resident Agent must have copies of said records and be shared if required by a Panamanian authority. An annual government franchise tax is also required keep the corporation in good standing.
✅ PERSONAL PRESENCE IS NOT REQUIRED
Interested parties do not need to be present in Panama in order to form a corporation. This is achieved with the use of appointed incorporators in Panama who act on behalf of the interested parties by executing the Articles of Incorporation.
Who Can Benefit from a Panama company?
- Expats & Investors
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Crypto entrepreneurs
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Digital Nomads, & Remote workers
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E‑commerce & online Businesses
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Startups & Founders
Panama Company Characteristic
What is a Panama IBC Company?
A Panama IBC is a legal entity that is created under the authority of Panama’s Law 32 of 1927. It is a juridical person with a capital stock divided into shares, and its shareholders are only liable to the extent of their contributions. A Panama company is considered an IBC when it doesn’t conduct business in Panama, which means it is not subject to taxation on income earned outside Republic of Panama. This favorable tax treatment makes it an attractive option for investors looking to conduct international business.
GREAT NEWS FOR INVESTORS! At Panama Legal center’s law firm, our corporate lawyers can assist international investors to set up an IBC company since Panama is one of the best jurisdictions in the world.
Our corporate lawyers have more than 15 years of experience establishing Panama companies for foreign investors and we also can assist investors with legal, accounting and its compliance with Panama corporate laws.
OPEN A BANK ACCOUNT IN PANAMA FOR YOUR COMPANY
We assist investors with opening a bank account (remotely) in Panama to support their offshore company activities.
PANAMA COMPANY SET UP
How Does Registration Work?
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Name Research: Check name of the company you wish to register with the Public Registry.
- We Appoint Registered Agent, Directors & Accountant: To comply with Panama corporation laws (nominee services optional)
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We Draft Bylaws & File for Incorporation of your company: Based on your goals, our corporate lawyers prepare the Articles of Incorporation and submit them.
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We Obtain RUC Number (Tax ID): Once the company has been successfully registered in the Public Registry, we will file with DGI and solicit for company RUC number.
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Aviso de Operacion: we solicit for Aviso de Operacion from Municipal of Panama
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Open Corporate Bank Account: Upon request, we assist clients with opening a corporate bank account.
Do I need to live in Panama?
No. You do not need to reside in Panama to own a Panama company. You can be living anywhere in the world and do global business and trading while owning your company in Panama. Our experienced corporate lawyers can form your Panama company incorporation100 % remotely.
How high is the corporate tax rate in Panama?
Only local income is taxed at a flat of 25% corporate tax rate however no capital gains tax on foreign income.
Why Choose Us to Incorporate?
- Experienced corporate lawyers: Our lawyers have more than 15 years’ experience and we can provide an All-In-One service and support including Panama Company set up, Visa residency, Work Permit, & Relocation Services
- Personalized service: We provide clients with Personalized service tailored to his profile
How much does it cost to form a company in Panama?
Our legal fees for our services are competitive, and we set up your company in Panama from $1,450. (This fee includes, establishing company bylaws, incorporation ®istration with public registry, paid first year franchise tax, obtaining tax ID(RUC), and 1st-year resident agent fee)
Ready to Form Your Panama Company?
Whether you’re relocating, diversifying, or expanding, we provide you with complete Panama company formation with legal clarity and business vision.
Our corporate attorneys are expert to set up a company in Panama, and we make sure that your Panama company always remain in compliance with the Panama corporate laws.
COMPANY SET UP REQUIREMENTS:
Name of the company
Three people is needed to form a company such as president, secretary and treasurer
Address of the company in Panama
Capitalization of the Company (minimum capital amount is $10,000.)
How many shares are being issued?
Who owns the shares of the company?
Name of the registered agent (we can assist investors to appoint a registered agent for the company)
Name of the accountant (we can assist investors to register a CPA)
Types of activities of the company
The Board of Directors consist of president, secretary and treasurer. The corporate laws require that a company have a Panama attorney to act as its registered agent. In addition, each company needs to have a certified public accountant on its board. We would assist you to appoint a corporate attorney and a CPA to join your company. Share certificates will be issued to the shareholders and owners of the company when the company is established.
OUR EXPERIENCED LAWYERS CAN ASSIST INVESTORS WITH PRIVACY
At Panama Legal Center, our corporate lawyers know how to keep investor’s identity private.
✅Shareholders’ Privacy: The identities of shareholders may not be registered in any public office. Instead, this information is kept private.
✅ Bearer and Nominative Shares: Panama companies can issue two types of shares—bearer and nominative. Bearer shares, provide protection of the shares.
✅ Nominee Directors: To enhance confidentiality, companies can appoint nominee directors, allowing business activities to be conducted via a power of attorney.
WHAT IS A SHELF COMPANY?
Shelf companies, also known as existing corporations, are public limited companies that have been established but have not engaged in any business activities. At Panama Legal Center law firm, we specialize in setting up shelf companies and are ready to be transferred to investors who require an immediate need and for various strategic business purposes. We make sure these shell companies are in good standing, ready to be mobilized for commercial activities at a moment’s notice.
Advantages of a Panama Shelf Company
- fast Set Up: Given their pre-established status, shelf corporations allow for rapid business deployment, bypassing the time-consuming processes of company set up and registration.
- Banking Account: These corporations can significantly streamline the process of opening bank accounts in jurisdictions where a history of business operation is a prerequisite.
- Business Agreements: Shelf corporations is an ideal choice for businesses looking to expand their contractual capabilities swiftly.
- Tax Exemption: Utilizing a shelf corporation can offer distinct advantages in tax planning and strategy implementation.
The shelf companies represent a strategic asset for investors looking to establish an immediate presence in Panama while complying with Panama corporate laws. We, at Panama Legal Center, provide investors with due diligence shelf company to achieve client’s objectives.
GET IN TOUCH WITH OUR CORPORATE LAWYERS NOW TO SET UP YOUR COMPANY IN PANAMA
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