Panama International Offshore Company Formation

Panama City PanamaPanama City

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Corporation Law, Law 32 of February 26, 1927 (As updated)

1. The minimum number of shareholders is one.

2. Panamanian companies are required to appoint a minimum of three officers (president, secretary and treasurer) who may also be the directors.

3. A minimum number of directors is three. They may be of any nationality and need not be residents of Panama.

4. A company secretary must be appointed, who may be a natural or corporate person. The company secretary may be of any nationality and need not be a resident of Panama.

5. There is no requirement to file audited accounts with the authorities, but a company is required to keep financial records, which reflect the financial position of a company.

Shares and Capital Requirements
Panama IBC do no require paid-in capital.
There is no time limit in which Authorized Capital must be fully paid.
The standard capitalization for a Panama Corporation is US$10,000.00.
The minimum issued capital is either one share of no par value or one share of par value.

Non-resident Panama Corporations are 100% tax-free on its activities outside of Panama.

Offshore Company Providers

Delvalle & Delvalle
Provides formation of international business companies (IBC), limited liabilities companies (LLC) and private interest foundations (PIF).

Galindo, Arias & Lopez
Provides incorporation and trust management services through its affiliates.

Gerli & Co Panama
Offers offshore company and corporation formation.

Gray & Co
Services offered in international, offshore, corporate and commercial law. Includes incorporations, licensing and immigration services.

International corporate registration services.

Mata & Pitti
Offshore corporation formation and private foundations services.

Overseas Incorporation Services, Inc
Provides incorporation of Panamanian corporations and private interests foundations.

Pardini & Associates
Provides offshore company incorporations, management services and corporate services.

Patton, Moreno & Asvat
Offers offshore company formations and private interest foundations.

Panama Offshore Legal Services
Offers international company formation and corporate administration services.

Panama Offshore Services
Provides offshore company formation and corporate services.

Panama Wholesale Offshore Services, Inc
Offers offshore company formation, private interest foundation and offshore trust services.

Tapia, Linares y Alfaro
Offer company incorporationand management.

Thetaworld Corporation
Provider of offshore company formation, Panamania corporations, limited liability companies, private foundations and other entities.

List of Panama International and Private banks

Background Facts
Panama is located in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica

Population: 3,510, 045 (2012 est.)
Capital: Panama City
Dialing code: 507
Currency: Panamanian balboa, US$
Exchange control:
There are no exchange controls in Panama
Constitutional democracy
Official language: Spanish
Legal System:
Civil law system; judicial review of legislative acts in the Supreme Court of Justice

Bank Legislation:
(.PDF Downloads)

General Corporation Law, Law 32 of February 26, 1927(As updated)