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
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
Minimum number 3 Directors/Officers (President, Secretary and Treasurer)
Local required No
Publicly accessible records No
Location of meetings Anywhere
Corporate directorship allowed No
Minimum number 1
Publicly accessible records No
Corporate shareholder allowed Yes
Location of meetings Anywhere
Company Secretary
Required Yes
Local o calificado No
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
Requirement to file annual return No
Migration of domicile permitted Yes