Panama Corporation
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15+ Years Of Experience
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50+ Team Members
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1000+ Happy Customer
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10,000+ Companies Formed (in UAE and worldwide)
Panama Corporation
The Republic of Panama occupies an area of 77,082 square kilometres and is situated between Costa Rica in Central America and Columbia in South America with coastlines on both the Pacific and Atlantic Oceans. Its capital, Panama City, is on the Pacific coast at the entrance of the Panama Canal.
Since the creation of its Corporation Law in 1927, the Republic of Panama has distinguished itself as one of the main centers for incorporating companies worldwide. This has been due to the flexibility and clarity of its corporate legislation. Corporations can conduct business and exercise their powers in foreign countries.
Benefits of Panama Corporation
forming a Panama Corporation company has many advantages. These include:
- 100% Ownership
- No capital requirements
- Fast and Simple Process
Features of Panama Corporation
Can be in any language and should end in S.A., Inc. or Corp.
Individuals incorporating the corporation; not necessarily owners.
- Is a person, company, or institution that owns at least one share of a company’s stock.
- Details are not publicly available
No minimum capital required, however the standard practice is USD 10,000 authorized capital.
- Minimum: 3
- Residency Requirements: None
- Oversees the day to day activities of the corporation
President, Secretary and Treasurer must be appointed
No public disclosure of information
Yes, Company must appoint an approved local registered agent
- Must maintain accounting records and provide them to the registered agent annually
- Copies or original records must be provided to the registered agent no later than 30th April of each year, relating to the fiscal year prior that ended on 31 December
- Records must be kept confidential and may be stored outside the agent’s office with notification
- Panama Corporations offer complete tax exemption on foreign source income and transactions carried out outside the Republic of Panama, even though same may be managed from Panama.
- Panama Corporations are non-resident companies and hence not entitled to tax residency certificate and also can not avail benefits under any Double Tax Avoidance Agreements.
Foreign companies being manage and control in the UAE are subject to UAE Corporate Tax and required to register within 3 months from date of incorporation.
Registration of Panama Corporation will take approximately 4-5 working days.
| Company Anniversary date between: | Due date: |
| January to June (1st half) | July – 31st |
| July to December (2nd half) | December – 31st |
Documents required for Panama Corporation
For Individual
- Passport – original to be verified personally in our office, otherwise client can provide an original notarized copy of the passport
- Proof of address
- Bank reference
- Detailed CV
- Professional reference letter
- Dully filled FATCA Form
- Notarized US Declaration (if a US Person)
For Corporate
- Certificate of Incorporation
- Registered address and place of business
- Certificate of Current Standing if incorporated more than 1 year
- Registers of Directors and Members
Company Formation Process in Panama Corporation (Offshore Entity)
- Choose a Registered Agent: You will need to appoint a registered agent in Panama who will act as your company’s representative in the country. This must be a resident of Panama and have a physical address in the country.
- Choose a Company Name: You will need to select a unique name for your Panama Corporation that is not already in use by another entity. The name must also include the word “Corporation,” “Incorporated,” or an abbreviation of either.
- Prepare the Articles of Incorporation: The Articles of Incorporation are the legal documents that establish your Panama Corporation. They must include details such as the company name, the purpose of the corporation, the authorized capital, and the number and type of shares issued.
- File the Articles of Incorporation: You will need to file the Articles of Incorporation with the Panama Public Registry. This can be done by your registered agent.
- Obtain a Tax ID number: You will need to obtain a Tax ID number for your Panama Corporation. This can be done through the Panama Tax Authority.
- Open a Bank Account: You can open a bank account for your Panama Corporation. This can be done in any country where the bank operates.
Company Setup Cost in Panama Corporation
If you are looking to set up a company in Panama Corporation, the first thing you need to consider is the cost. The good news is that setting up a company in Panama is relatively affordable when compared to other jurisdictions.
The total cost of setting up a company in Panama begins from USD 2,150/-
Our business serves as a one-stop shop for all types of company formation services. Many people and corporations have received assistance from Global Business Services in setting up their businesses in Panama Corporation. Get in touch with us via call or email!
Furthermore, we offer professional and affordable services for business setup in Dubai and other emirates in UAE. We have a team of experts to provide you with accounting services in UAE, VAT Consultancy, Shared CFO, UBO Declaration, UAE Corporate Tax, AML in UAE and onshore (Free Zone) or offshore company formation in the UAE.
Call us at 050-1894959 or email offshore@gbsei.com to learn more about the full requirements for company establishment in the Panama Corporation
Why Choose GBS for Company Formation Services in UAE?
Understanding Clients’ Needs
As the best business setup consultancy firm in UAE, our team provides thorough analysis of client requirements and offers a personalized approach tailored to meet each client's needs.
Flexible Pricing & Cost Transparency
For company formation service in UAE, we offer flexible pricing and cost transparency with top of the line multiple payment options, including online payments and bank transfers
Years of Expertise
Global Business Services FZCO holds years of expertise while offering unmatched guidance and support when starting your new venture.
Work Track Record
As a prominent business advisor and consultant, GBS boasts a world-class track record, successfully supporting many firms across various industries.
Client words
Hear what our satisfied clients have to say about their successful journeys with us.
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10,000+
Companies formed
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100%
client satisfaction
I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
I hired Global Business Services for my online store in Dubai Free Zone. They quickly handled everything from visas to paperwork. Great experience overall.
I’m happy to choose Global Business Services FZCO for their outstanding business setup services in UAE. Their professional team guided me through each stage, answering all my questions quickly and clearly. Their personalized approach made me feel well taken care of.
