100000
Happy Customer
50000
CA & Lawyers
50
Offices| Aspect | Details |
|---|---|
| Timeline | Register a company in Panama in 1 to 2 weeks |
| Fees | Starts from US$1799 (Save up to 20%) |
| Benefits of Panama Company Registration |
|
| Types of Business Entities- Company incorporation in Panama |
|
| Requirements for company formation in Panama |
|
| KYC Document Checklist for Company Registration in Panama |
|
| List of Documents for Company Registration in Panama |
|
| Company incorporation in Panama Process |
|
| How can we help you? | You can choose to register offshore company Panama with Enterslice for following reasons:
|
We have all that you need to register a company in Panama from where you are.
If you are an entrepreneur looking to expand your business globally, Company Registration in Panama offers a strategic and profitable option. Panama is a Central American republic with a thriving economy supported by sectors like banking, commerce, and tourism. Known for its dual currencies, the Panamanian Balboa (PAB) and US Dollar (USD), Panama provides a stable financial environment for businesses.
Since the opening of the Panama Canal in 1914, Panama has emerged as a global trade hub. The country’s business-friendly policies, competitive tax framework, and strong legal protections make it an ideal destination for entrepreneurs. Encountering sleepless nights due to complexities in the path of company registration in Panama? Let consultants at Enterslice help you with worry-free Panama business setup while you focus on making your business growth strategy.
No Taxes on Inheritance, Gifts, or Wealth
Income Earned Outside Panama is Exempt
Import and Export Funds without Restrictions
Right Spot for Startups Seeking VC Funding
Flexible Communication
Infrastructural Facilities
Strategic Location of Panama
Stable Financial Environment for Growth
Robust Legal Protections for Businesses
Entrepreneurs considering company incorporation in Panama should explore the various types of business entities available, some of them as given below:
Corporations are the most popular choice for Panama company registration, similar to a US corporation or a UK limited company. An attractive feature of this structure is that it creates a separate legal entity distinct from its shareholders, ensuring that shareholders enjoy limited liability.
A hybrid model of Panama business setup combines features of both a company and a corporation. It has distinct legal characteristics separate from its shareholders, ensuring that shareholders have limited liability. It is one of the significant types of business entities for company registration in Panama.
There are two types of partnership firms in Panama: general partnerships and limited partnerships. In a general partnership, two or more individuals share responsibility for running the company, with rewards, costs, and obligations divided among the partners. In a limited partnership, general partners oversee the operations and are fully liable for the company’s debts and obligations, while limited partners contribute capital but have limited liability.
A sole proprietorship is the simplest form of company registration in Panama, fully owned and controlled by one person. The owner has complete control over the business and enjoys all the profits. However, the proprietor also bears unlimited liability for the company’s debts and obligations.
A branch office is commonly chosen by foreign companies to establish a presence in Panama. It is a type of structure for company registration in Panama with a separate legal entity, governed by the same laws as a domestic company.
A representative office acts on behalf of an overseas corporation, primarily focused on market research and promoting the parent organization’s operations. However, it is restricted from engaging in any revenue-generating activities. It is one of the known business entities for company registration in Panama.
Entrepreneurs looking forward to exploring Panama company formation must understand the legal framework that underpins its corporate environment. Here given below is the list of Panama’s legal framework.
The benefits of Panama Company registration are as follows:
The low corporate tax rate is 25%, taxed only on income derived from Panama, thus attracting businesses looking to reduce their tax liabilities. It is one of the popular merits of company registration in Panama.
Company formation in Panama also provides flexible share classes among the stakeholders. This merit pulls the attention of global entrepreneurs for company registration in Panama.
It has a well-developed and stable financial system, offering a high degree of privacy and security. Additionally, capital can be expressed in any currency.
Panama has strong banking secrecy laws, offering the highest level of privacy and security for business owners and investors.
Panama has no exchange control system for cross-border transactions, which reduces the burden on businesses.
There is no requirement for local directors in Panama, allowing directors and shareholders to be from any country. This excites business enthusiasts for company registration in Panama.
It is suitable for investment holding, asset acquisitions, international trading, tax planning, etc.
Panama has no exchange control system for cross-border transactions, which reduces the burden on businesses.
Panama is well known for its many free trade zones and various other special economic zones facilitating business with several advantages such as reduced tariff charges, streamlined customs procedures and other incentives.
In general, the procedure for company registration in Panama is followed as given below:
The applicant for Panama company incorporation must choose a unique name for the entity ensuring that such company name is not in use by another business.
One shall collect all the necessary documents for proceeding with the Panama business registration.
This is the stage where the applicant shall submit the necessary documents and forms to the concerned public registry of Panama.
Tax Identification Number shall be obtained from Panamanian tax authorities by the applicant after the company gets enrolled. The Registro Unico Del Taxyente is the unified registry of taxpayers in Panama.
Once the company is registered, businesses may need to obtain specific licenses from the Panamanian government, depending on the nature of the business.
Lastly, after obtaining a company registration in Panama, the applicant must open a bank account through a local bank in Panama.
The list of KYC document checklists for company formation in Panama is as follows:
A certified true copy of the passport (valid for at least six months), bank reference letter, or professional reference letter (at least a two-year relationship) must dated with at least the last three months and must also mention the contact details of the issuer.
A certified true copy of address proof such as utility bill, driving license, bank statement, etc.
Copies of last two years tax returns, letter of employment, financial statements, bank statements of last two years, a letter from accountant certifying annual income.
A certified true copy of documents such as certificate of incorporation, MoA, AoA, Register of director, Register of Shareholder, certificate of incumbency, business profile, etc.
The list of documents required for company registration in Panama is as follows:
Passport Copies of Shareholders & Directors
Address Proof of Shareholders & Directors
Proof of Appointment of a Local Registered Agent
Articles of Incorporation
Company Name Approval Certificate
Power of Attorney for Local Representative
Business Plan
Bank Reference Letter
Copy of Taxpayer Identification Number (RUC)
Shareholder Agreement (If Applicable)
The applicant, after obtaining Panama company registration must comply with various reporting obligations as given below:
Accounting records such as books of account and supporting documents must be maintained for at least five years by those entities who do not operate a business in Panama or are only asset holders. Meanwhile, this information’s must be made available on request by the concerned authority.
A company registered in Panama must file an annual tax return with DGI (Direccion general de Ingresos). This must disclose the company’s income, expenses and other financial information. Similarly, individuals earning income in Panama also needs to file the same with the same authority.
Individuals receiving income from sources outside Panama, such as investments, pensions, or other earnings, are required to inform the General Directorate of Revenue (DGI) about such income.
Have a look at the Panama company registration offerings by Enterslice for entrepreneurs looking to register a company in Panama-
*T&C Applied
Panama holds immense potential for foreign business investment, thanks to its flexible policies set by the Panamanian government. Thus, it's one of the best nations for foreign investment. The rank of Panama as per the 2024 Panama World Happiness Index Ranking 2024 is 39. Here is the list of some of the flourishing Panama business opportunities that drive global entrepreneurs to go for company registration in Panama:
The criteria for eligibility for company formation in Panama are as follows:
The list of Panama Company formation essentials is as follows:
As Asia’s leading consulting firm, we have proved our mettle for a decade thanks to our strong network of 10,000+ professionals, including CAs, Lawyers, Consultants, and CS. Given below are the reasons why Enterslice hits the mind of business enthusiasts first for company registration in Panama-
Panama is loved by entrepreneurs all over the world. It’s a paradise for those who are seeking company registration in Panama. Have a look at the top industries for company registration in Panama-
1. Tourism
2. Agriculture
3. Mining
4. Timber
5. Insurance
6. Healthcare
No, if you are running a Panamanian company and conducting financial activities outside Panama, you will enjoy tax exemption. This advantage is a key factor that drives global entrepreneurs to give wings to their entrepreneurial dreams in the Panamanian economy.
Panama holds immense opportunities for global entrepreneurs to start and grow businesses. That’s the reason why many entrepreneurs nowadays are moving towards starting their businesses in the vibrant economy of Panama. The merits of company registration in Panama are given below-
1. No residency requirements for either directors or shareholders
2. Lenient regulatory framework
3. Business-friendly climate
4. Diverse tax exemptions
5. Skilled local workforce
The initial conditions for company formation in Panama are three directors (any nation), one shareholder (any nation), and a resident agent.
The authority for company registration in Panama is the Public Registry of Panama. Additionally, companies must register with the General Directorate of Revenue (DGI) to obtain a tax identification number and fulfil tax obligations.
The legal frameworks for company registration in Panama are Law 32 of 1927, Privacy and Confidentiality Regulations, Double Taxation Treaties.
Company registration in Panama is popular today among investors due to its favourable tax conditions as the income earned outside the country is not taxed (0% tax), political stability, and privacy laws. It also has a simplified company incorporation process; thus, overall, it provides a strategic location for those looking for a Panama company incorporation.
Yes, a non-resident can establish a company incorporation in Panama. The country is flexible in company registration and foreign investments. Therefore, a non-resident can operate a business in Panama internationally; however, one must comply with certain specific criteria as per Panama's laws and regulations.
The different types of business are Corporations (Sociedad Anonima), Limited Liability Company (Sociedad de Responsabilidad limitada), Partnership (Sociedad en comandita), Sole proprietorship, Branch office, and Representative Office.
The challenges entrepreneurs face during company registration in Panama are Bureaucracy and Regulatory Environment, competition, access to funding, cultural and language barriers, corruption and legal issues.
-- Testimonials
“Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company.”
“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE
Stay updated with all the latest legal updates.
Just enter your email address and subscribe for free!
(+1) 6292766228
Live Chat