Panama

Panama is the southernmost country of Central America. The country’s location gives it a strategic privilege – it lies on the isthmus connecting North and South America, which allows it to regulate the canal between Atlantic and Pacific oceans.

There are several versions of the etymology of the name of the country. Panamanians like to blend all of them together and believe that “Panama” means “abundance of fish, trees and butterflies”. This is a perfect description for the beautiful country with its gorgeous white sand beaches, crystal clear waters and its incredible biodiversity. Panama’s vibrant colours attract travellers from all over the world.

Panama is a sovereign democracy. The current president, Ricardo Martinelli is said to be pro-business, his policies aim at boosting the economy. Panama has very low taxes, making it a desirable destination for offshore banking.

Key Corporate Features

General

  • Basis of Legal System Civil
  • Type of Company Corporation
  • Tax on Offshore Profits Nil
  • Redomiciliation Permitted Yes
  • Time to Form 3 Days

Corporate Requirements

  • Minimum Shareholders 1
  • Minimum Directors 3

Corporate Administration

  • Corporate Directors Permitted Yes

Local Requirements

  • Registered Office/Agent Yes
  • Company Secretary No
  • Director No
  • Meetings No

Public Filings

  • Directors Yes
  • Shareholders No
  • Beneficial Owners No

Annual Filing Requirements

  • Annual Return No
  • Audited Accounts No

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