Panama Offshore Company
A Panama Offshore Company or International Business Corporation (IBC), as it is commonly referred to in other jurisdictions, is one of the longest standing offshore formation jurisdictions in the world. Established in 1927, it has since registered 400,000 corporations and remains one of the premier destinations for offshore business formation. The Panamanian offshore model has since become the world standard due to its flexible formation structure, its methods to ensure customer privacy and its supportive legal framework.
Panama is strategically located as a bridge between the Americas and has become an international center for trade, finance, and banking services. Thanks to a stable political environment, the Panamanian economy has achieved rapid growth over the last two decades due to its open business environment, free trade zones, and low tariffs that have encouraged investors and business enterprises from different countries. Panama remains one of the best places to conduct business due to its financial opportunities, low risk investments, and thriving banking center.
A Panama Offshore Company gives individuals and corporations the ability to settle in a country that has a long term reputation for financial and offshore excellence. Offshore formation in Panama offers complete confidentiality, attractive tax-free opportunities, a favorable legal environment, and a supportive banking infrastructure, all of which account for why Panama is one of the premier destinations for international corporations.
Panama Corporation | Corporate Details |
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General | |
Type of Entity | Limited by Shares |
Type of Law | Civil Law System |
Governed by | General Corporation Law of 1927 Coded Bank Accounts Law 8 of 1959 Commercial Code Law 17 |
Registered Office in Panama | Yes |
Shelf company availability | Yes |
Our time to establish a new company | 3 days |
Minimum government fees (excluding taxation) | 250 USD |
Corporate Taxation | No |
Access to Double Taxation Treaties | Yes |
Share capital or equivalent | |
Standard currency | Legal tender is the US dollar. Panamanian Balboa (official currency) PAB fixed exchange rate of USD $1.00 = PAB 1.00 |
Permitted currencies | Any |
Minimum paid up | No minimum |
Usual authorized | USD $10,000 divided into 100 shares of $100 each |
Bearer shares allowed | Yes |
No par value shares allowed | Yes |
Directors | |
Minimum number | 3 Directors/Officers (President, Secretary and Treasurer) |
Local required | No |
Publicly accessible records | No |
Location of meetings | Anywhere |
Corporate directorship allowed | No |
Shareholders | |
Minimum number | 1 |
Publicly accessible records | No |
Corporate shareholder allowed | Yes |
Location of meetings | Anywhere |
Company Secretary | |
Required | Yes |
Local o calificado | No |
Accounts | |
Requirements to prepare | No |
Requisitos de auditoría | No |
Audit requirements | No |
Requirements to file accounts | No |
Publicly accessible accounts | No |
Recurring Government Costs | |
Minimum Annual Tax / License Fee | 250 USD |
Annual Return Filing Fee | 350 USD |
Other | |
Requirement to file annual return | No |
Migration of domicile permitted | Yes |