How should I name a Panama corporation?

The name of a Panama Corporation should not be identical to the existing company names and include words indicating it as a corporation such as “Corporation”, “Incorporated”, “Sociedad Anonima” or their abbreviations. The words “Limited” or “Ltd.” would not be suitable. The name can be expressed in any language.

What are initial requirements to set up a company in Panama?

At least 3 directors, one shareholder and a resident agent are mandatory.

Where can I open a bank account for my Panama company?

A Panama corporation can open its bank account in any country. We can support you open your corporate account in most well-known offshore jurisdictions.

What are maintenance requirements for a Panama corporation?

A Panama company is obliged to pay a flat annual franchise tax, maintain its resident agent. However, the company doesn’t need to file an annual return or tax return given that the company has no business activities within the country.

Panama offshore company formation

Benefit

Offshore Company Registration in Panama

Panamanian Exempt Corporation

Benefit

Be taxed only on income derived from Panama

Flexible share classes allowed (including bearer shares)

Capital can be expressed in any currency

Strong privacy protections mandated by law

No exchange control in cross-border transactions

Directors, shareholders can be of any nationality

Suitable vehicle for multiple purposes i.e. investment holding, assets acquisitions, international trading, tax planning…

Feature

Panamanian Exempt Corporation

Company formation in 3 to 4 business day

No tax imposed on foreign-source profits

No minimum paid up capital

Company packages tailored to your needs

No hidden charge, all fees included

Panama Company Formation Packages

Non-resident Corporation

Refund Guarantee

We refund your money in full for services that we cannot deliver.

Read our policy

Bring your next business venture online

Streamlined process

Start at your own pace. And reduce waiting time for back-and-forth email communication.

E-signature

Collaborate with your partner more easily. Less paperwork, more efficiency.

Digitized KYC

Standardized form & organizational chart to let you control and declare your information effortlessly.

Centralized management portal

24/7 access to company documents on high-security cloud infrastructure. And no worry about key compliance deadlines with auto reminder.

PanamaCompany Incorporation Process

Create your orders

Enter our online order platform for easy onboarding experience and tailor your orders. We have different packages and additional services that suit your goals. All information filled in is secured over 256-bit encrypted line.

Make payment

You can settle payment for services via flexible payment options including debit/credit card of Visa, Master, Amex or Bank Transfer. After you complete payments, we will provide you a checklist of required information for Panama company registration.

Collect and verify KYC documents

Once we've received your payment, our customer service will contact you to process the neccessary paperwork. We'll guide you to properly prepare documents for incorporation in Panama via KYC online form. You can also access our digital Client Portal to proceed with the incorporation steps and keep track of the process anytime, anywhere.

Finish the company registration

The electronic documents are ready after 2 working days of company formation, and it takes 3-7 days for courier the original kit.

KYC Documents Checklist

KYC documents are essential to verify the identity of individuals and corporations in Panama. Below, you'll find a list of the required documents.

Individual

Corporation or Entity

The following proofs are required for all company members including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons.

A certified true copy (scanned version) of the passport (valid for at least 6 months);
Personal Tax ID Number;
Bank Reference Letter / Professional Reference Letter (minimum 2-year relationship), must be dated within the last 3 months and include the contact details of the Issuer;
A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

See sample of a certified true copy

To establish the identity of a corporation or entity, it is necessary to provide, company documents and proofs of its members.

Please provide us with certified true copy (scanned version) of the following company documents:

Certificate of Incorporation;
Memorandum and Articles of Association / Constitution;
Register of Director;
Register of Shareholder / UBO;
Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).

Note: in case the company documents can be certified via official government site, there is no need to submit certified copies.

*Note that the list provided, while comprehensive, may not encompass all requirements.

For further personalized consultations tailored to your specific case, please reach out to our support team anytime

KYC Documents Checklist

KYC documents are essential to verify the identity of individuals and corporations in Panama. Below, you'll find a list of the required documents.

Individual

Corporation or Entity

The following proofs are required for all company members including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons.

Proof of identity

A certified true copy (scanned version) of the passport (valid for at least 6 months);
Personal Tax ID Number;
Bank Reference Letter / Professional Reference Letter (minimum 2-year relationship), must be dated within the last 3 months and include the contact details of the Issuer;
A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

See sample of a certified true copy

Proof of address

We require certified true copy (scanned version) of address proof, which can include any of the following: Bank reference / Bank statement / Utility bill / Driver license.

The address proof must clearly show the holder's full name along with physical address written in English (P.O. Box addresses are not accepted).

Please note that the provided proofs must be the most recent version and dated within the last 3 months.

Proof of fund source

Copies of the last two tax returns, a letter of employment, a letter from accountant certifying your annual income, financial statements, or bank statements from the last 2 years.

To establish the identity of a corporation or entity, it is necessary to provide, company documents and proofs of its members.

Company documents

Please provide us with certified true copy (scanned version) of the following company documents:

Certificate of Incorporation;
Memorandum and Articles of Association / Constitution;
Register of Director;
Register of Shareholder / UBO;
Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).

Note: in case the company documents can be certified via official government site, there is no need to submit certified copies.

Company members

All members of the corporation, including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons, must provide identity and address proofs.

For a detailed list of requirement, see here

*Note that the list provided, while comprehensive, may not encompass all requirements.

For further personalized consultations tailored to your specific case, please reach out to our support team anytime

Need more help to set up a business in Panama?

Just get in touch with us. We typically response within 2 hrs.

Frequently Asked Questions

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Panama
Company Formation

Offshore Company Registration in Panama

Panamanian Exempt Corporation

Panamanian Exempt Corporation

Panama Company Formation Packages

Bring your next business venture online

Streamlined process

E-signature

Digitized KYC

Centralized management portal

PanamaCompany Incorporation Process

Create your orders

Make payment

Collect and verify KYC documents

Finish the company registration

KYC Documents Checklist

KYC Documents Checklist

Need more help to set up a business in Panama?

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