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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

Questions? Need Advice?

Make an enquiry or request a confidential callback or chat with us.

Panama Company Formation Prices

Panama Company Formation Package Includes:

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 – 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

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KEY OFFSHORE JURISDICTIONS

Latin America and the Caribbean

Europe

Middle East

Africa

Asia Pacific

QUESTIONS? NEED ADVICE?

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Requirement to File Annual Return

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