Location
Situated on the isthmus connecting North and South America.
Economy
Heavily weighted towards banking, commerce, tourism, and trading.
The canal opeation brings lots of revenues for the country.
Well known for the best place for offshore company formation and ships registration.
Language
Spanish, English
Legal System
Panamanian civil law
| Panama Company | |
| Type | ociedad Anónima (S.A.) |
| Name | Ens with "Corporation", "Incorporated", "Société Anonyme", "Sociedad Anónima" or with the abbreviation "Inc." or "S.A.". |
| Capital | No minimum requirement.; Standard capital US$ 10,000. |
| Share | Bearer shares and registered shares are permitted. Bearer shares must be deposited with a trustee. |
| Share Index | Yes |
| Registered Agent | Yes |
| Registered Address | Yes |
| Public Disclosure | No |
| Min. Shareholder | Minimum of 2 founding shareholders; thereafter a minimum of 1 (natural person or legal entity; must not be resident, can be any nationality. |
| Min. Director | Minimum of 3 natural or legal persons; further 3 officers (1 president, 1 secretary and 1 treasurer), who may also form the Board of Directors. |
| Disclosure of Shareholder | No |
| Disclosure of Director | Yes |
| Trading restriction | rade in the banking and insurance sectors is not permitted. |
| Taxation | None; Profits gained outside the jurisdiction are tax free in Panama. |
| Financial Statement | Yes |
| Tax Returns | No |
| Account Filing | No |
| Audit Report | No |
| Accounting | Yes |
| Incorporation Cost | USD 1,050 |
| Annual Fee | USD 1,000 |
No avoidable double taxation agreement with other countries.
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