Panama Offshore Company Formation Services
Build your offshore entity with expert legal guidance for formation, management, and compliance.
Simplify Your Offshore Company Setup
At Paralelaw, we help entrepreneurs and corporations establish offshore companies in Panama, providing complete support from registration to tax-efficient structuring.
Our Offshore Company Legal Services
Our services include:
- Panama offshore company formation and registration
- Opening offshore bank accounts for international operations
- Drafting corporate documents and legal agreements
- Legal advisory for tax efficiency and asset protection
- Long-term corporate maintenance and governance
Serving Global Entrepreneurs and Investors
Our team supports international clients seeking Panama’s favorable environment for offshore entities, ideal for asset protection and global trade.
Your Trusted Legal Partner for Offshore Companies in Panama
Comprehensive legal solutions for offshore company formation and management.
Legal Compliance and Risk Management
We ensure your offshore company aligns with Panamanian laws and international standards, avoiding potential legal or financial risks.
Advantages of Panama Offshore Companies
Panama offers strong privacy laws, flexible corporate structures, and tax advantages. We help you leverage these benefits while staying legally secure.
Ongoing Legal Advisory and Corporate Services
Our firm provides annual filing support, registered agent services, and legal counsel to keep your offshore company in good standing year-round.
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.
Get a Quote
We have a committed team, always ready to provide a quick and effective response to any problem.