infobank> hong kong>tax> panama
Company status Non-Resident Corporation
Corporate legislation source Civil Law; Delaware Corporation Law of 1927
Company name The name of the corporation may be in any language and must end with an appropriate suffix: Corporation, Incorporated, S.A., etc.
Time taken to incorporate 2 to 3 days
Are shelf companies available? Yes
Usual minimum capital No minimum
Capital duty Registration fee of $50 for capital of US$10,000. Sliding scale operates above this level.
Minimum number of shareholders One
Are bearer shares/shares of no par value possible? Yes/Yes
Directors: Minimum number/corporate directors allowed/location Three/No/No restriction
Secretary: Mandatory/corporate secretary allowed/location Yes/No/No restriction
Is there a requirement for a Registered Office/Registered Agent No/Yes
Is any information required by the authorities prior to incorporation or prior to tax status being granted? None
What information is available on the public file? Deed of Incorporation, names and addresses of Directors, Registered Agent
What documents must be kept at the Registered Office? None
Corporate books & seal The company must maintain a minute book and stock register, both of which may be maintained in any part of the world.
Are accounts required/filed? No/No
Is an annual return required? No
Where are meetings to be held? No restrictions
Annual fees payable to the government: Tax/Annual Return filing fee US$150/None
Are there any exchange controls No
Double tax treaties None
For the incorporation of a Panamanian Corporation: US$888
This price includes:
Certificate of Incorporation with Apostille US$200 (required for any bank acc)
Process of incorporation will take between 10 to 20 working days after receipt of payment.
Annual maintenance fees after first year: