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How To Incorporate Company In Panama – All You Need To Know

Incorporate Company In Panama

Steps To Incorporate Company In Panama – How To Incorporate An Offshore Company (IBC) In Panama

Panama is situated in the isthmus linking Central and South America. Foreign investors are always looking for an opportunity to Incorporate Company In Panama. A company in Panama set up by a foreign individual is called an Offshore Company. An Offshore Company or International Business Company (IBC) is a legal entity created by fulfilling all the laws and is responsible for rights and obligations. Its capital is divided into shares and stockholders are liable to only their share.

A specific law, Law 32 made in 1927, regulates IBCs. It ensures that foreign investors interested to incorporate company in Panama get a fair deal. Foreign individuals get a chance of establishing and running corporations from overseas locations.

 

Why Choose to Incorporate Company in Panama?

There are several advantages to start an Offshore Company (IBC) in Panama.

  • Income generated by an IBC in Panama is exempt from taxes if it happens outside the Panama territory. Those corporates can establish an office in Panama and run operations from there, but income from these operations is not taxable under the Panamanian law.
  • There is total privacy of the identity of the shareholders as their names are not registered in any public office.
  • Assets of investors need not be present in Panama.
  • Two types of corporation shares can be issued, viz. bearer or nominative.
  • Shareholders and directors may be of any nationality.
  • There is a requirement for a minimum of only three directors in a corporation./li>
  • The Articles of Incorporation can be made in English or any other language.
  • Shareholders and directors can meet virtually and conduct meetings over the phone or video. They need not be physically present for the meetings.
  • No special license is needed to operate within or outside the Panamanian territory
  • Nominee directors can handle confidential activities by registering a Power of Attorney at the Panama Public Registry.
  • IBCs can own any type of assets.
  • IBCs registered under other jurisdictions can change their registration to Panama to avail the benefits. Any IBC can also relocate to other jurisdictions.

 

Incorporate Company In Panama在巴拿马成立公司的步骤

Steps to Incorporate a Company in Panama

  • The process of starting an incorporate company in Panama (IBC) is relatively easy. You must follow these steps:
  • Hire a legal firm who specializes in the incorporation of Offshore companies in Panama. They will help you throughout the process and also can serve as a Resident agent that Law 32 requires.
  • Provide the law firm some options for the name of your company. The name of the company may be in English, French, Spanish or German. The firm will check if the name is unique by crosschecking it in the Public Registry.
  • Decide on three people to serve on the executive board of your company. They can be of any nationality and could be located anywhere in the world.

  • Discuss your share options with the firm. They will advise you about the best options for your corporation.

  • You will have to submit passport copies of the board members and the owner of the company. You will also need to show bank deposits.

Incorporating a company in Panama can become troublesome if you are not able supported by a good law firm. You can be overseas while this process goes on.

For more information and guidance on Company Registration in Panama, contact 3E Accounting, China. We will help you with all aspects of registration, whether SA or anything else.
You can contact us by sending an email to request a no-obligation quotation or get more information about Company Registration in Panama.