RM offers Panamanian incorporation services and
ongoing company management in Panama. We provide
readymade shelf companies as well as a "Name of your
choice" service. Ongoing Registration agency and
registered office services are provided for as well as
legal advice and support services.
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According to Panama's Corporation Law 32 of
1927, corporations may be created by any two persons of any
nationality. The normal procedure in the formation of a Panama
corporation is that the Panamanian lawyers acting for the client
form the corporation and it is therefore not necessary for the
client to go to Panama nor to sign any documents relating to the
formation of the corporation.
ADVANTAGES
Total secrecy and anonymity. No requirement to
disclose beneficial owners. No requirement to file annual return/financial
statements. No requirement to hold an annual general meeting of
shareholders or directors. Full exemption from taxation on any
business activity or transaction carried on outside panama.
Complete business privacy. No minimum or maximum capital
requirements. Nominative or bearer shares at owner's option. The
shareholders, directors and officers may be of any nationality
and may be residents of any country. Shareholders and/or
directors may hold their meetings in any country and they may
attend by proxy. Complete banking privacy. Convenient
registration of vessels and ship mortgages.
COMPANY STATUS
Non-Resident Corporation
COMPANY NAME
The name of the corporation may be in any
language and must end with an appropriate suffix including
Corporation, S.A. Inc.
TIME TAKEN TO INCORPORATE
2-3 days
SHELF COMPANIES
Shelf Companies are available for purchase. A
list can be supplied on request.
SHARE CAPITAL
There is no Minimum. The share capital may
consist of shares with a nominal no or par value or both. Our
standard Articles provide that the authorised share capital will
consist of US$10,000.00 divided into 100 shares of US$100 each.
CAPITAL DUTY
Registration fee of US$60 for capital of US$10,000.
Sliding scale operates above this level.
SHAREHOLDERS
Two subscribers required, but only one on-going
shareholder after incorporation.
DIRECTORS
Minimum - three. There is no restriction on
location.
SECRETARY
Minimum - one. There is no restriction on
location.
REGISTERED OFFICE
There is no requirement for a registered
office.
REGISTERED AGENT
Panamanian legislation requires every Panama
Corporation to have a Registered Agent in the Republic of Panama
who must be either a lawyer or law firm.
WHAT INFORMATION IS AVAILABLE ON THE PUBLIC
FILE.
Deed of Incorporation, names and addresses of
Directors, Registered Agent.
CORPORATE BOOKS & SEAL
The company must maintain a minute book and
stock register book both of which may be maintained in any part
of the world. They must be bound books, stamped and signed by a
circuit Judge of Panama.
ARE ACCOUNTS REQUIRED?
No
IS AN ANNUAL RETURN REQUIRED?
No
WHERE ARE MEETINGS TO BE HELD?
No restrictions.
ANNUAL FEES PAYABLE TO THE GOVERNMENT: ANNUAL
FRANCHISE TAX
Capital Not exceeding US$50,000 - Tax Payable
US$150.
TAX TREATMENT
With the exception of the annual 'franchise'
Tax which is not an income tax, Panama corporations without
income arising from operations within the territory of the
Republic of Panama are not subject to taxation in Panama.
Whilst every precaution has been taken to check
the accuracy of the information contained in this page, no
responsibility can be taken for any inaccuracies contained
herein. Please also note that we are not tax advisors.
Professional tax advice should always be taken if in doubt.
