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Panama,
officially the Republic of Panama, is the southernmost country of
Central America. Situated on an isthmus, Panama is a
transcontinental nation which connects North America and South
America. It borders Costa Rica to the northwest, Colombia to the
southeast, the Atlantic Ocean to the north and the Pacific Ocean to
the south. The population of Panama is approximately 2.4 million.
Panama is one of the oldest offshore jurisdictions. |
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Panama Offshore
Company Formation - Requirements
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DIRECTOR:
A minimum of three Directors is necessary. Corporations are allowed
to be appointed as Directors. The board of directors normally are
nominated for the positions of: President, Director, Treasurer. |
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SECRETARY:
A Secretary is necessary. |
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SHAREHOLDER:
A minimum of two Shareholders is necessary at the moment of
incorporation, after incorporation only one ongoing shareholder is
necessary. Corporations are also allowed to be appointed as
Shareholders. |
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SHARES & CAPITAL:
The standard share capital is USD 10,000.00 divided into 100 shares
of USD 100.00 each. Shares can be issued with or without par value.
Bearer shares are permitted. |
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NAME OF THE COMPANY:
Must end with one of the following suffixes: Limited or Ltd.;
Corporation or Corp.; Incorporated or Inc.; Sociedad Anonima or S.A. |
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Other Information
About Panama Offshore Companies
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Status of the company: Panamanian
Corporation IBC. |
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Incorporation of Panama company takes
48-72 hours. |
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Incomes generated by a Panama
Corporation outside of Panama are tax exempted. |
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There is no requirement for filing
annual returns or audited financial statements. |
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The Panama incorporation documents
carry the names of the subscriber shareholders and directors. Only
directors names appear on the public record. |
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The object of the Company is to engage
in any act or activity that is not prohibited under any law. A
Panama Corporation can do business within Panama but it will be
taxed on the profit from these activities. No tax on doing business
outside of Panama by Panamanian Corporations. |
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Panama Incorporation
Package Includes |
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Certificate of Incorporation, |
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Memorandum and Articles of Association, |
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Appointment of the First Directors, |
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Registered Office service to December
following incorporation, |
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Registered Agent service to December
following incorporation, |
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First year Government fees, |
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Share certificates, |
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The complete corporate package is
delivered by express courier. |
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Incorporation Fees For Standard Panama
Company Formation |
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Government fee - USD 375.00 |
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Registered office - USD 300.00 |
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Registered agent - USD 300.00 |
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Incorporation fee - USD 375.00 |
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Total cost of incorporation - USD
1350.00 |
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Next year fees: USD 975.00 |
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