Panama is a country on the isthmus linking Central and South America. The Panama Canal, a famous feat of human engineering, cuts through its center, linking the Atlantic and Pacific oceans to create an essential shipping route. In the capital, Panama City, modern skyscrapers, casinos and nightclubs contrast with colonial buildings in the Casco Viejo district and the rainforest of Natural Metropolitan Park.
|Services Included||Year 1||Year 2|
|Government Fee||Yes||$375 annual|
|Corportate Domicile||Yes||£550 annual|
|Director & Nominee Service||Optional Extra||Optional Extra|
|Minimum number of Directors||3|
|Local Registered Office Required||Yes|
|Local Company Secretary Required||Yes|
|Local Company Director Required||No|
|Public Register of Beneficial Owners||No|
|Public Register of Directors||No|
|Taxation on Profits derived outside Panama*||Nil|
|Annual Tax Return required||No|
|Annual Submission of Accounts required||No|
|Corporate Director Permitted||Yes|
|Annual General Meeting required||No|
|Annual General Meeting location||Anywhere if held|
|Minimum Paid Share Capital||$1|
*This does not remove tax liability for profits in the country in which they have been obtained.
A Panama Corporation needs to also appoint three officers, a President, a Secretary and a Treasurer.
A member of the banking team will be able to advise on the most suitable offshore bank account.