Panama Incorporation
Incorporating a company in Panama can be an attractive option for both local and foreign investors due to the country’s favorable business climate and strategic location. Panama offers several advantages for incorporating a company, including low taxes, a stable economy, and a streamlined incorporation process.
How we can help
Are you looking to establish a company in Panama?
Panama is known for its canal, low taxes, and strategic location, making it an attractive option for foreign investors. Establishing a company in Panama can provide access to the country’s growing markets and extensive network of international trade agreements.
The process of establishing a company in Panama is easy if you have a good understanding of local laws and regulations. That’s where we come in. Our team of experienced attorneys and incorporation specialists can guide you through the process of establishing a company in Panama, from initial registration to ongoing compliance requirements.
The time it takes to set up a Panama corporation can vary depending on several factors, the process is generally straightforward and quick. With all the necessary documents in order, it typically takes between 5 to 10 business days to establish a Panama corporation. Our experienced service providers can help you through the process to ensure everything is completed smoothly and efficiently.
We can assist with every step of the process, including drafting legal documents, obtaining necessary permits and licenses, and opening a bank account in Panama. Our goal is to make the process as seamless and stress-free as possible so that you can focus on growing your business.
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The process of incorporating a company in Panama can be complex and may require the assistance of a knowledgeable attorney or incorporation service to ensure compliance with local laws and regulations.
It is important to note that US citizens or residents of the United States who set up a Panama corporation are subject to additional reporting requirements and tax obligations under US law.
Favorable Business Climate
Panama offers a business-friendly environment with low taxes, streamlined incorporation processes, and a stable economy. This can make it easier to establish and operate a company in Panama compared to other countries.
Access to international markets
Panama has an extensive network of free trade agreements, including agreements with the United States, Canada, Mexico, , the European Union, Singapour, South Korea and some Latin American Countries. This can provide companies with access to growing markets and new business opportunities.
Strategic location
Panama is strategically located at the crossroads of North and South America, making it an ideal hub for international trade and commerce. Its proximity to major shipping lanes and airports can make it easier to import and export goods to and from other countries.
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Frequently Asked Questions
There are several types of companies that can be incorporated in Panama, including Limited Liability Companies (LLCs), Corporations, and Partnerships.
To incorporate a company in Panama, you must have a minimum of two shareholders and two directors. The company must also have a registered office in Panama and appoint a resident agent to act as a liaison between the company and local authorities.
Incorporating a company in Panama can offer several benefits, including low taxes, a stable economy, and access to international markets. Panama also has a favorable business climate and streamlined incorporation process.
The process of incorporating a company in Panama typically takes between 2-4 weeks, depending on the complexity of the company structure and the number of documents required.
No, you do not need to be a resident of Panama to incorporate a company there. However, you will need to appoint a resident agent to act as a liaison between the company and local authorities.
Yes, you can open a bank account in Panama for your company. However, banks in Panama may require additional documentation and information to comply with anti-money laundering regulations.
Panama has a territorial tax system, which means that companies only pay taxes on income earned within Panama. If your company is incorporated in Panama but earns income outside of Panama, you will not be required to pay taxes in Panama.
Companies incorporated in Panama are required to file annual tax returns and keep accurate accounting records. They must also hold annual meetings of shareholders and maintain a registered office and resident agent in Panama.
