The standard authorised share capital for a Panamanian company is US$10,000. The share capital gets divided into 100 common voting shares of US $100 or 500 common voting shares at no par value.
The capital may be expressed in any currency. The minimum issued capital is one share.
Share Capital does not have to be paid into a bank account before the incorporation. Shares may be of par or no par value.
Both corporations and individuals may act as directors and we can supply nominees if required. Directors may be of any nationality and need not be residents of Panama.
Panamanian companies are required to appoint a minimum of three directors.
The minimum number of shareholders is one, who may be of any nationality. The name of the shareholder is not required to be registered in the Panamanian Public Registry, providing you with complete confidentiality.
Non-resident Panama Corp. is 100% tax-free on its activities outside of Panama. An annual corporate franchise fee of US$250.00 is charged to maintain the Panama company in good standing.
There is no requirement to prepare, maintain or file financial statements for offshore Panama companies. If the directors decide to maintain such accounts, they may be done anywhere in the world.
A company secretary must be appointed, who may be an individual or a company. The company secretary may be of any nationality and need not be a resident in Panama.
Registered Office and Registered Agent
A Panamanian registered office is required for your company. Panamanian law requires all companies to have a resident agent domiciled in Panama.
Double Taxation Agreements:
Panama has treaties for the avoidance of double taxation in force with Mexico, Barbados, Qatar, Spain, Luxembourg, The Netherlands, Singapore, France, South Korea and Portugal. Panama has also negotiated, signed and ratified a tax information exchange agreement with the US.