Offshore Legal Services and Company Formation in Panama
Build and manage your offshore entity with expert legal support for formation, compliance, and operations.
Comprehensive Offshore Legal Solutions
At Paralelaw, we help clients establish offshore companies and accounts in Panama. Our attorneys provide end-to-end support for corporate structuring, compliance, and management.
Our Offshore Legal Services
Our services include:
- Offshore company formation and registration in Panama
- Opening offshore bank accounts with trusted institutions
- Drafting corporate documents and legal agreements
- Ongoing compliance with Panamanian and international regulations
- Legal advisory for tax efficiency and asset protection
For Entrepreneurs and International Businesses
Our bilingual team serves global clients seeking confidential and efficient offshore services for asset protection, tax planning, or international trade.
Your Legal Partner for Offshore Services in Panama
Comprehensive support for formation, management, and legal compliance.
Compliance With Offshore Regulations
We ensure that your offshore structure aligns with Panamanian laws and global regulatory frameworks to avoid risks and penalties.
Offshore Accounts and Financial Privacy
We assist in opening offshore accounts that offer security and confidentiality while complying with anti-money laundering (AML) and KYC regulations.
Long-Term Legal Advisory and Maintenance
Our attorneys provide ongoing support for annual filings, registered agent services, and legal counsel to keep your offshore entity in good standing.
FAQ
How much does it cost to set up an offshore company in Panama?
The cost of setting up a Panama offshore company includes legal fees for preparation of the Articles of Incorporation, Public Registry filing fees, notarial costs, and the first year of Resident Agent services. Annual maintenance costs include the $300 USD franchise tax, Resident Agent fees, and accounting record-keeping as required by Law 52 of 2016. Additional optional services such as nominee directors, a commercial domicile address, or bank account opening assistance involve separate fees. At Paralelaw, we offer transparent pricing with no hidden costs. Contact us for a detailed quote tailored to your specific needs.
What is the annual franchise tax for a Panama offshore company?
Every Panama corporation, including offshore companies, must pay an annual franchise tax of $300 USD. This tax is due by July 15 of each year. If paid late, a surcharge applies. If a company fails to pay the franchise tax for three consecutive years, it will be suspended from the Public Registry, meaning it cannot conduct legal transactions or be used for banking purposes. Reinstatement requires payment of all outstanding taxes plus penalties. This $300 annual fee is the only mandatory government charge — there is no income tax on foreign-sourced revenue under Panama’s territorial tax system.
Can I open a bank account for my Panama offshore company remotely?
While the incorporation of a Panama company can be done 100% remotely, opening a bank account typically requires at least one in-person visit to the bank by a company director or authorized signatory. Some banks accept video-call interviews as an alternative, but this varies by institution. The bank will require KYC documentation including: corporate documents (certificate of incorporation, board resolution), identification of directors and beneficial owners, bank reference letters, proof of income or source of funds, and a business plan or description of activities. At Paralelaw, we prepare your complete banking package and guide you to banks that best fit your profile.
Is a Panama offshore company taxed on foreign income?
No. Panama operates under a strict territorial tax system, which means only income generated within Panama is subject to income tax. A Panama offshore company that earns all its revenue from activities outside of Panama pays zero income tax. There is no tax on foreign-sourced dividends, capital gains, interest, or royalties. The only mandatory payment is the $300 USD annual franchise tax. This territorial system is one of the primary reasons Panama remains a top jurisdiction for international business structuring, holding companies, and global trade operations.
Do I need to travel to Panama to incorporate?
No. The entire incorporation process can be completed remotely. Your attorney in Panama handles the preparation and filing of the Articles of Incorporation, registration with the Public Registry, and issuance of corporate documents — all without requiring your physical presence. Documents from abroad can be authenticated via apostille (for Hague Convention countries) or through consular legalization. Powers of attorney can be granted remotely for any actions that require local representation. At Paralelaw, we regularly incorporate companies for clients in the United States, Europe, Asia, and Latin America without them needing to visit Panama.
What are the KYC requirements for Panama companies in 2026?
Following Panama’s removal from the FATF grey list in October 2023, KYC (Know Your Customer) requirements have been strengthened. Every Panama company must: maintain a register of beneficial owners accessible through its Resident Agent (Law 52 of 2016), provide identification of all directors, officers, and shareholders with more than 25% ownership, supply proof of source of funds for banking and corporate transactions, keep accounting records and supporting documentation for at least five years, and comply with AML (Anti-Money Laundering) regulations under Law 70 of 2019. These measures ensure Panama’s compliance with international standards while maintaining its attractiveness as a business jurisdiction.
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