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Panama Company Formation

PANAMA COMPANY

Type of Entity: SA – Sociedad Anónima
SRL – Sociedad de Responsabilidad Limitada
Type of law: Panama Corporation Law 32 of 1927
Incorporation time frame: 2 days to 2 weeks
Minimum Government fees: US$300
Regular Corporate Income Tax: 25%
Double Tax Treaty access: No
Minimum issued share capital : No minimum for SRL , and USD10,000 for SA
Minimum paid up share capital on incorporation: 1 USD
Minimum number of Shareholders required: Two (can be corporate)
Record in the Public register: Foundation Charter
Minimum number of directors: Three directors are required (can be an individual or a corporate), they must fill the following positions - President, Treasurer and Secretary.
Corporate directors permitted: Yes
Local directors required: No
Local Registered office required: Yes
Auditor: No
Protector requirement: Optional
Disclosure of beneficial owner to Company Registrar: Yes
Disclosure of shareholders: No
Government register of directors: No
Trading restriction: Foundation cannot be dedicated directly to commercial activities
Taxation: Yes (tax exemption for any activity or transaction executed abroad)
Tax residence to benefit from Tax Treaty network: No
Exchange Control: No
Financial statements: For registered foundations For non-registered foundations No
Tax returns: No
Accounting: Yes

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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