Panama Offshore Company Formation

Form your Panamanian Offshore Corporation or the Panama Private Foundation and get reasonable fees starting from US $ 1,200. Incorporation will be completed in 5 working days. For Panama Offshore companies we can open bank account with one of the Offshore Banks.
A-Z Business Consultancy as certified Intermediary is offering comprehensive and reliable advice and formation services for offshore companies in Panama. Occasionally, we are providing directors and officers required for registration and incorporation of the Panama Offshore Company.

Type of Offshore Company

1) Panamanian Corporation (“Sociedades Anónimas”)
2) The Panama Private Foundation ( known as PIF)

panama

The Panamanian Offshore Corporation

Panama non-resident corporations are designed for use outside of Panama and may not carry on business in Panama. They are a popular choice because of their administrative ease, privacy features, tax exempt status and they are widely recognized by the worldwide financial community.

The Panamanian Offshore Corporation – Package with one set of Apostilles

This package includes the following documents:US $
- Articles of incorporation
- Certified translation of the articles of incorporation
- Certificate from the registry
- Certified translation of Certificate to English
- One bound set of copies under apostille
- Share certificates
- Share register
- First minutes of meeting
- Power of attorney
- Undated and signed resignation letters nominees (if applicable)
- Subscription transfers
- Registered agent service for 12 months
- Nominee director services
1,280
Renewal fees900

Please note the above prices do not include Nominee Shareholder services and courier charges.

 

Documents required:

  • Certified passport copy (by a lawyer or accountant or even a bank)
  • Reference letter from a bank, lawyer or accountant
  • Proof of address
  • BOD Form

Features of Panamanian Corporation (“Sociedades Anónimas”)

  • Panamanian Companies can be incorporated regardless to the nationality of its directors and shareholders.
  • The authorized capital does not have to be paid in full or partially.
  • There is no need to file any financial reports or tax returns in the Republic of Panama.
  • Legal entities of any jurisdiction may act as directors, officers and shareholders of a Panamanian Corporation.
  • There is no need to hold annual meetings of Directors or Shareholders.
  • Directors and Shareholders may attend the meetings personally, by proxy, by phone or by any other electronic means.
  • Three (3) directors are required, either natural persons or legal entities.
  • Shares may be issued to the bearer or in nominative form. In any event, the name of the shareholder is not required to be registered in the Panamanian Public Registry, thus, ensuring total anonymity.
  • A corporation can effectuate transactions and have assets in any part of the world without the obligation of maintaining assets in the Republic of Panama.
  • Panamanian Corporations are empowered by law to conduct any lawful act.
  • Panama is not on the OECD blacklist

Use of Panamanian Corporation (“Sociedades Anónimas”)

  • Investments and assets holding, such as real estate or shares.
  • Commercial dealings and international trading.
  • Asset protection
  • Consultancy service

The Panama Private Foundation (PIF)

A PIF is a legal entity that can be created by either a natural person or a corporation that later transfers part or all of his/her assets to the Private Foundation so they can be managed and protected on behalf of the Beneficiaries.

The Panama Private Foundation (PIF) – Package with one set of Apostilles

This package includes the following documents:US $
- Foundation charter
- Certified translation to English of the foundation charter
- Certificate from the registry
- Certified translation to English of the certificate from the registry
- Power of attorney
- Once set of copies under one and the same Apostille
- Standard regulations or letter of wishes
- Standard protector document
- Undated and signed resignation letters from the nominee council
- Registered agent service for 12 months free
- Nominee council service for 12 months free
1,700
Renewal fees 1,500

 

Uses of the Panama Private Foundation (PIF)

  • Family support.
  • For Tax purposes.
  • For the protection of assets.
  • For educational purposes.
  • Testamentary purposes.
  • For charitable purposes.
  • To receive and manage capital and titles.
  • For the purpose of serving as guarantee or collateral.

Public and Private Information of PIF

The only information made public are the names of the Founder(s), the member (s) of the Foundation. Council and the name of the Protector, this last if it is so established on the Foundation Charter, as the Protector can be appointed by means of a private and confidential document.

The Foundation Regulations are for internal purposes of the Foundation and are not a matter of public records. Information regarding names of beneficiaries and of the protector and method for distribution of assets can be contained within the Regulations thus will not be publicly disclosed.

Confidentiality

The Law 25 of 1995 innovates in this field when it stipulates on Article 35 that all the members of the Foundation Council, Protector, public or private servants that have knowledge of the activities, affairs, transactions and operations of the PIF must maintain reserve and confidentiality at all moments. Violation of these Articles carries a sanction of 6 months of jail time and a fine of Fifty Thousand Dollars (US$50,000), without prejudice to the civil liabilities.

Taxation for Panama Offshore Companies

Non-resident Corporation in Panama has a tax-free category, including exemption on all income tax, dividends, interest, rents, royalties, and capital gains from the sale of company shares. In place of tax, there is a fixed annual government fee, as well as an annual registered agent fee.

How to proceed with an Offshore Registration in Panama

  • Choose the structure that fits your business. If you need help contact our advisor.

  • Contact us for Panama Offshore Company incorporation.

A to Z Consultancy

RAK Office: RAK FTZ, BC 6 Business Park, 01C

Dubai: Fairmont offices, office 723
Sheikh Zayed Road, Dubai, UAE

Alexandra Bogdanovic

Mobile:+ 971-50-425 1572

Office: +971-7-2076737 | Fax: +971-7-2076738

E-mail:
office@a-zconsultancy.com
alex@a-zconsultancy.com