Corporations in Panama
Establish your company with expert legal advice and guaranteed compliance
Why incorporate a corporation in Panama?
Panama is one of the most reliable and efficient destinations in the world for incorporating corporations. Its flexible legal framework, the confidentiality it offers to shareholders and directors, and a robust financial infrastructure make it an attractive option for both local entrepreneurs and international investors. Key advantages include the speed of the process (which can be completed in less than five business days), no minimum capital requirement, and tax exemptions on income generated outside the country.
We guide you every step of the way, from drafting the articles of incorporation to the formal registration in the Public Registry.
How to open a corporation in Panama?
The process to open a corporation in Panama involves several key stages: choosing the company name, drafting and formalizing the articles of incorporation, appointing directors and officers, and finally registering the company with the Public Registry. You must also obtain the notice of operation and the Taxpayer Registration Number (RUC).
At Paralelaw, we handle each of these steps for you, ensuring compliance and efficiency.
Requirements to open a corporation in Panama
Panama has accessible requirements to incorporate a corporation. At least one shareholder and three directors are needed, who can be natural or legal persons, without the requirement to reside in the country. A resident agent (lawyer or law firm) and a legal address in Panama are also required. We take care of meeting all the requirements so that your company is correctly registered from the start.
Incorporate your company with legal backing
We help you structure your business safely, quickly, and in accordance with Panamanian law.
Cost of creating a corporation in Panama
The cost of incorporating a corporation in Panama can vary depending on the type of structure, legal needs, additional services, and tax requirements. At Paralelaw, we offer solutions tailored to each client, with total transparency and no hidden fees. We can provide you with a detailed quote adapted to your case.
Corporate model in Panama
The Panamanian corporation is a versatile corporate model that suits both small businesses and international structures. It offers privacy, operational flexibility, and tax benefits. We advise you on choosing the ideal model and draft all the necessary corporate documents in accordance with current law.
FAQ
What is a Corporation (Sociedad Anónima) in Panama?
A Corporation (S.A.) is a legal entity incorporated under Law 32 of 1927. It is the most flexible and widely used corporate structure in Panama. It allows the issuance of registered shares and, under the mandatory custody regime established by Law 47 of 2013 and Law 18 of 2015, also bearer shares deposited with an authorized custodian. It provides asset protection to its shareholders.
What are the advantages of a Panamanian Corporation?
The main advantages include: a territorial tax system (foreign-source income is not taxed), corporate privacy, flexibility in the shareholder structure, asset protection, no minimum capital requirement, and the ability to operate in any country in the world.
How many directors does a Corporation need in Panama?
A Corporation in Panama requires a minimum of three directors. Directors can be of any nationality and do not need to reside in Panama.
What obligations does a Corporation have in Panama?
The main obligations include: paying the annual franchise tax to the Public Registry, maintaining a resident agent in Panama, complying with beneficial ownership regulations, and filing tax declarations if it generates income from Panamanian sources.
How long does it take to incorporate a Corporation in Panama?
Incorporating a Corporation in Panama takes approximately 5 to 10 business days, from drafting the articles of incorporation to its registration in the Public Registry.
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