Panama is the southernmost country of Central America bordered by Costa Rica to the West and Colombia to the Southeast. The Panamanian economy has a high rate of development and is expected to perform exceptionally well due to government spending on infrastructure.
Panama is one of the most well-known and recognized offshore jurisdictions worldwide, thanks to its high level of confidentiality and highly efficient register. Panama companies, also known as Panama Corporations are created under the General Corporation Law, Law 32 of February 26, 1927. Law 32 has been used as a model for many other jurisdictions and offers a flexible corporate structure, provides investor privacy and ensures the legal framework to conduct legitimate business activities in the international arena.
The business setup documents of Panama Company do not carry the name or identity of any shareholder or director. The names or identities of these persons do not appear in any public record.
The time taken to complete the incorporation of a Panama Company is 3 to 4 working days (subject to name approval). The shareholder(s) and director(s) of the company can be a natural person or a corporate body.
A minimum of one shareholder & Director is required. Nominee shareholders and directors are permitted.
There is no minimum capital required for registration of Panama Company. Standard Share capital is USD 10,000/-. The minimum paid up capital is USD 1. Bearer shares are permitted.