Panama Company main characteristics:
|Sociedades Anonima (S.A.)|
|The Panama Supreme Court of Justice is the governing authority and companies are regulated under the Law 32 of 1927.|
|Upon registration, the company directors' name will appear in the register, available for public inspection. Nominee directors can be used in order to avoid the client's name appearing.|
|Panama offers a high level of anonymity and privacy.|
|No accounting/reporting requirements.|
|No taxes of any sort.|
|Modern offshore legislation.|
|Panama has an efficient registry: company formed in 3-4 days.
|Stable jurisdiction with a good reputation.|
|Efficient communication means.|
|Convenient world time zone: GMT-5|
|No paid up capital requirement.|
|Under Civil Law.|
|Minimum of 3 directors and 1 shareholder|
|Bearer shares are permitted|
DOCUMENTS REQUIRED FOR THE CREATION OF THE COMPANY
A certified copy of your passport (or identity card), as well as proof of domicile dated less than three months.
General information on PanamaThe Republic of Panama is situated between Costa Rica in Central America and Columbia in South America with coastlines on both the Pacific and Atlantic Oceans. Its capital, Panama City, is on the Pacific coast at the entrance of the Panama Canal. Panama was a Spanish colony until 1821. In 1903, Panama broke an alliance with Colombia and became an independent republic.
The population of Panama is approximately 2.4 million, of which 700,000 live in Panama City.
Panama is one of the most well-known and recognised offshore jurisdictions worldwide, thanks to its high level of confidentiality and highly efficient register. Company formation can only be processed by a local solicitor’s office.