Company Registration in Panama

Criteria for Panama Company Registration

The criteria for Panama company registration include a registered business address, an approved company name, and a registered local agent. The requirements are as follows:

• The company name must be approved prior to registration by the Public Registry Office of Panama.
• At least three directors are required at the time of Panama company incorporation, regardless of nationality.
• A minimum of one shareholder is needed, who can be an individual or a corporate entity.
• A local agent must be appointed before the registration process to represent the company before the Public Registry of Panama.
• The registered business address can be virtual or physical, depending on the capital and business activity.
• No mandatory minimum paid-up capital is required, although the standard recommended amount is USD 10,000.
• All documents, including the public deed and incorporation declarations, must be notarized.

Checklist: Who Can Apply for Panama Company Formation?

Any natural or artificial person can apply for Panama company formation.

• Foreign entrepreneurs
• Global companies
• Panamanian residents

Compliance After Company Incorporation in Panama

Scroll down and find out how Corpbiz’s experts will help you with the post-registration compliance obligations after company incorporation in Panama:

• KYC-AML Due Diligence – Our compliance associates will help you review your company’s “Know-Your-Consumer” and “Anti-Money Laundering” policies to align them with Panama’s legislation.
• Financial Statement Preparation and Submission – We’ll prepare your balance sheets, P&L accounts, income statement, capital adequacy ratios, and expense reports for annual submission with the Public Registry by March 31st.
• Report Taxes – Our licensed CAs will file your annual corporate tax returns within the prescribed deadline to help you avoid penalties.

Corpbiz’s Services for Company Formation in Panama

• Legal Documentation: Our legal associates draft all the incorporation documents, agreements, and contracts necessary for the company registration in Panama. They also help with notarization and legalization, if required.
• Annual Filing Made Easy: Our accountants will file tax returns and financial reporting statements, including balance sheets, profit & loss accounts, cash-flow statements, and expense reports.
• Monitor Compliance – Avoid Penalties: We’ll ensure continued regulatory monitoring to ensure your company remains compliant with Panamanian laws.
• Virtual Business Address – Flexi Desk – 1 Year: Our company registration in Panama services provide a virtual business address for 1 year with call forwarding and recording.
• Nominee Director & Shareholder Services: Maintain utmost privacy and confidentiality through our nominee director and shareholder services; our professionals have over 15 years of experience in the legal and accounting industry.
• Local Agent Services – for One Year: Our local representation network will help you register a company in Panama from anywhere and anytime, with no need to visit any government office.