PANAMA COMPANY FORMATION BANK ACCOUNTS READY MADE (SHELF) COMPANIES
Panama Offshore Company. Panama Company Formation
KGN Services 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 Services?
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 Services 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. …
Capital: Panama City.
Time Zone:UTC-5.
Languages: Spanish (official).
Government type: Parliamentary republic.
Currency: Netherlands Antillean guilder (ANG).
KGN Services | Panama Offshore | Panama Company
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KEY OFFSHORE JURISDICTIONS
Latin America and the Caribbean
Europe
Middle East
Africa
Asia Pacific
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Requirement to File Annual Return