GENERAL INFORMATION

Total area - 75,515 sq km
Population - 4,034,000
Political status - Republic
Capital - Panama City
Official language - Spanish (English in general use)
Official currency - USA Dollar (USD); Balboa (PAB)
Time zone - GMT – 5

 

Basic Information
1. Political Stability1. Fair
2. British Based Legal System2. No
3. Type of Company3. Corporation (S.A.)
4. Migration of Domicile Permitted4. Yes
5. Tax by Jurisdiction on Offshore Profits5. Nil
Corporate Requirements
1. Minimum Number of Shareholders
1. One
2. Minimum Number of Directors/Officers
2. Three
3. Corporate Directors Permitted
3. Yes
4. Secretary Required
4. Yes
5. Standard Authorised Capital
5. N/A
6. Bearer Shares Permitted6. Yes (*O)
Local Requirements​
1. Registered Office/ Registered Agent
1. Yes
2. Company Secretary
2. No
3. Local Directors
3. No
4. Local Meetings
4. No
Due Diligence / Disclosure
1. Due Diligence Required
1. Yes
2. Disclosure of Beneficial Owner on Public File
2. No (*BA)
3. Government Filing of Register of Directors/Secretary
3. Yes
4. Government Filing of Register of Shareholders
4. Optional
Annual Requirements
1. Annual Return
1. No
2. Audited Accounts
2. No
Shelf Companies AvailableNo
Days to Incorporate Companies on Request (Approx.)2
Tax Treaties AccessYes

*BA – Only to Registered Agent

*O – A custody regime applicable to bearer shares

 

Notes:

  • The current Panama corporate and financial legislation is developed in full compliance with current international standards. These achievements are appreciated by organisations such as OECD and FATF.

Contact us

Igoumenitsas 12,
CONNECTEDSKY HOUSE, P.C. 2027,
Strovolos, Nicosia, Cyprus

Tel:
70003517 in Cyprus
+357 22258800 from abroad

Fax:
+357 22258801

Email: info@connectedsky.com