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Key Corporate Features & Document Requirements for Panama

Updated time: Dec 9, 2015 , 11:09 (UTC+08:00)

Panama

General
Type of Company Non Resident
Type of Law Civil
Shelf company availability Yes
Our time to establish a new company Normal with 5 working days or 3 working days in urgent
Corporate Taxation Nil
Double Taxation Treaty Access No
Share capital or equivalent
Standard currency US$
Permitted currencies Any
Minimum paid up US$1
Usual authorised US$10,000
Directors
Minimum number Three
Local required No
Publicly accessible records Yes
Location of meetings Anywhere
Shareholders
Minimum number One
Publicly accessible records Optional
Location of meetings Anywhere
Company Secretary
Required Yes
Local or qualified No
Accounts
Requirements to prepare Yes
Audit requirements No
Requirements to file accounts No
Publicly accessible accounts No
Recurring Government Costs
Minimum Annual Tax / Licence Fee US$400
Annual Return Filing Fee Nil
Other
Requirement to file annual return No
Change in domicile permitted Yes
 

Documents required from customers

  • Passport of each shareholder/beneficial owner and director
  • Proof of residential address of each director and shareholder (Must be in English or certified translation version)
  • The proposed company names
  • The issued  share capital and par value of shares


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