*** To maintain good standing, your Panama company must pay an annual renewal fee. This fee is a flat rate and free from hidden charges.

What’s included for 1999

● Incorporation of Company
● Panama Government Registration Fees
● Registered Office for 1 year
● Registered Agent for 1 year
● Certificate of Incorporation
● Memorandum of Association
● Register of Members
● Membership Certificates
● Lifetime support

Why Panama

Panama is an international trade and financial center strategically located between the Americas. Its politically stable environment, its pro-business legislation, its attractive tax regime, and a developed and large banking sector have made Panama one of the most popular jurisdiction to establish international companies.Panama has excellent infrastructure and communications and is one of the largest international distribution and free trade centers worldwide.

Benefits of opening a company in Panama

1. Tax Advantages: 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.
2. Accounting Flexibility: The accounting books of the corporation may be managed within Panama, abroad or even by electronic means.
3. The Shareholders’ Identities are Private: The identities of corporation shareholders 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.
4. Share Certificate Security: Share certificates are issued in private documents, and the officers and directors of the corporation are not required to be shareholders.
5. Favorable Legal Framework: Panama offers a legal framework designed to support and protect international investors and businesses. Its laws provide confidentiality and privacy for corporation owners and beneficiaries, which is a significant draw for those seeking to maintain the privacy of their financial affairs. Moreover, the Panamanian government has tailored its legislation to facilitate easy and efficient incorporation, offering a level of flexibility and ease that is highly valued by international businesses.
6. Asset Protection and Estate Planning: Panama is renowned for its robust asset protection structures, such as private interest foundations and trusts, which are designed to safeguard assets from potential legal threats and uncertainties. These structures are an integral part of estate planning for many wealthy individuals, providing a secure way to manage and distribute assets according to their wishes.
7. Political and Economic Stability: Despite its relatively small size, Panama has demonstrated remarkable economic and political stability over the years since the ousting of Manuel Noriega 1990, compared to other Latin American countries. This stability, coupled with the use of the US dollar as its official currency, reduces financial risk and makes Panama an attractive destination for foreign investment.
8. Global Business Hub: The combination of Panama’s strategic location, favorable tax regime, and sophisticated financial services sector has established it as a global business hub. The country hosts a multitude of international banks, law firms, and service providers specialized in meeting the needs of global corporations and foundations.

Types of Business Entities in Gibraltar

Incorporation Procedure

Documents from individuals:

• Copy of passport of the Beneficial Owner, Shareholders, and Directors.
• Copy of a Utility Bill e.g., Gas / Electrical or Bank Statement (dated within the last 3 months).
• 3 Proposed company name.
• Application form (we will provide).

Documents from legal entities:

• Copy of the Certificate of Incorporation;
• Copies of incorporation documents (Articles of Association and Memorandum of Association).
• Register of directors/shareholders/members

Note: Where documents are in a language other than English, a certified translation of the full document into English must be provided, with the original document.

Company Structure

• Minimum Number of Directors: A minimum of 3 directors. They can be of any nationality and residents of any country. No local director required.Requirements for officers are a President, a Secretary and a Treasurer. Typically, the 3 directors also serve as required officers.
• Minimum Number of Shareholders: One, which can be the same one as the director.

Timeline

Once we have received all the required identification documents, the company formation process will take approximately 6 working days subject to compliance review.

Taxation Policies