PANAMA COMPANY FORMATION
BANK ACCOUNTS
READY MADE (SHELF) COMPANIES
Panama Offshore Company. Panama Company Formation
KGN specializes in Panama Company Formation and opening offshore bank accounts.
Panama Company – Legislation
Principal Corporate Legislation
Corporation Statute Law 32 of the 1927 Commercial Code as amended.
Type of Law
Common.
Language of Legislation and Corporate Documents
Spanish.
Type of Entity for International Trade, Investment & Tax Planning
Panama Corporation.
Panama Offshore Company- Key Facts
Share Capital
Standard authorised share capital is US$10,000 divided in to 100 shares of US$100 each. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Permitted
Restrictions on Trading
A Panama offshore company cannot trade within Panama. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Each Panama offshore company must have a Registered Office in Panama.
Directors
A Panama Offshore Company requires a minimum of one director. Director can be of any nationality and need not be resident in Panama. Corporate directors are permitted.
Shareholders
A Panama Offshore Company requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Time to Incorporate
Two weeks, subject to name approval.
Offshore Panama – Name of a Company
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Corp., Inc., S.A. must be part of the name of every Panama offshore company.
Key Benefits of Panama Offshore Company
Exemption from all local taxes and stamp duty
No exchange controls
Maximum confidentiality and anonymity
Ease of operation, maintenance and control
Asset security
No disclosure or minimum capital requirements
Excellent and flexible post-incorporation follow-up services
No statutory requirement to hold annual general meetings
Highly competitive fees and costs
Panama Company Formation Prices
Panama Company Formation Package Includes:
Company Name Check
Initial Business Approval
Preparation of Application Documents
Company Registration Fee
Registered Office Address for 1 year
Government filing fee
Certificate of Incorporation
Memorandum & Articles of Association
Minutes of first meeting appointing the director(s)
Share Certificate(s)
Register of shareholders
Register of directors
Starting at: $1790
Why Choose KGN?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services related Panama Offshore
KGN provide the following services related Panama Offshore:
Panama Offshore Formation
Registration of a Panama Offshore Company
Registered Office and Agent Services
Company Secretarial Services
Nominee Shareholder / Nominee Director
Opening of Bank Accounts in Panama
Full Company Administration Services
Mailing Address in Panama
Virtual Office in Panama
Trademark Registration
Yacht Registration
Panama – General Information
Location: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica.
Area: total: 75,420 sq km, land: 74,340 sq km, water: 1,080 sq km. …
Natural resources: Copper, mahogany forests, shrimp, hydropower.
Population: 3,753,142 (July 2017 est.).
Capital: Panama City.
Time Zone:UTC-5.
Languages: Spanish (official).
Government type: Parliamentary republic.
Legal system: Common law based on the English model.
Economy: Most of Curacao’s GDP results from services. Tourism, petroleum refining and bunkering, offshore finance, and transportation and communications are the mainstays of this small island economy, which is closely tied to the outside world. Curacao has limited natural resources, poor soil, and inadequate water supplies, and budgetary problems complicate reform of the health and education systems. Although GDP grew only slightly during the past decade, Curacao enjoys a high per capita income and a well-developed infrastructure compared to other countries in the region.
Currency: Netherlands Antillean guilder (ANG).
KGN Services | Panama Offshore | Panama Company
Requirement to File Annual Return