Panama Company

Form a Panama Company for £850 and annual fee thereafter from £650

Panama Companies are favoured by Latin speaking countries as all company documentation is in Spanish. Panama enacted legislation whereby only locally-sourced income is taxed and therefore the country has advantages similar to Offshore Centres.Panama is perceived as a secretive jurisdiction with a substantial centre for banking and the world's largest shipping registry. 

Panama city company2Panama regulatory Compliance

Panama has a Registrar of Companies where the articles of Panamanian companies are filed and the names of the directors are recorded. Directors and shareholders may be individuals or Corporations. 

There is a requirement to prepare accounts but no requirement to file accounts or an annual return.  A Panama company can change its domicile to another jurisdiction.

Panama Company taxation

Taxes are only payable if business is carried out in Panama, levied at 30%. Foreign sourced income is Tax exempt. There is no Capital Gains Tax or need for VAT registration for foreign earnings. However, there is a requirement to pay a local annual tax of $250.   Panama was placed on the OECD's 'grey list' of territories which have committed to, but not yet implemented, the tax transparency and information exchange. Panama now has a tax treaty with Mexico and other tax treaties are pending.

Panama Company Formation

Keylink Consultancy can carry out a name check and initiate the incorporation process for you. Incorporation takes around 7 to 10 days.

Panama Nominee directors, shareholders and Secretary

Unlike most other on-line Formation Agents, Saveontax provides professional Nominee Corporate Director, Shareholder and Secretary Services.  As an Associate of an International Accountancy Firm, we guarantee that your Panama Company will be properly formed and delivered to you and managed professionally, for the price quoted. Addtional fees may be payable for preparing and filing acco.

Panama Company Structure 

A Panamanian Corporation is formed by two subscribers (or nominee shareholders) who sign the Articles of Incorporation (Statutes) before a public notary. The usual amount of subscribed capital is $10,000. All documentation is in Spanish. Several classes of shares are permissible including bearer shares which must be kept in custody and notified to the Company Registrar. Three directors need to be appointed to act as the President, Treasurer and Secretary and named in the articles of the company. Keylink Consultancy can provide you with fully insured Nominee directors and shareholders so that your identity can be protected. We will issue you with a Power of Attorney, if required.

Panama Company Names

It is not possible to use the ending "Limited" or "Ltd." For a Panama Company. It is usual to use Corp, Inc, S.A or A.G. There are restrictions on using words in the company name which convey that the business of the company is of a licensed nature, such as Betting, Insurance, Financing, Trust or Banking business.

A Panamanian Company may not suit your needs. Follow this link for more information about the advantages of a Gibraltar Company.

Type of entity  Non Resident
 Type of law  Civil
 Our time to establish a new company  2 to 3 days
 Minimum government fees (excluding taxation)  Not applicable
 Corporate Taxation  Nil
 Double taxation treaty access  No
Standard currency US $
Permitted currencies Any
Minimum paid up US $1
Usual authorised US$10,000
Minimum number 3
Local required No
Publicly accessible records Yes
Location of meetings Anywhere
Minimum number 1
Publicly accessible records Optional
Location of meetings Anywhere
Required Yes
Local or qualified No
Requirement to prepare Yes
Audit requirements No
Requirement to file accounts No
Publicly accessible accounts No
Requirement to file annual return No
Change in domicile permitted Yes

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