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Incorporate in Panama
$2,150.00
Set up a Panama company limited by shares
Panama is an international trade and financial center strategically located between the Americas. Its politically stable environment, its pro-business legislation, its attractive tax regime, and its developed and large banking sector have made Panama one of the most popular jurisdiction to establish international companies.
Panama levies taxation in a territorial basis, hence corporations in Panama that exclusively conducts its business outside of Panama, are exempt from all local taxes including income tax, capital gains tax, withholding taxes, and stamp duty on transfer of corporate shares, and other property. Furthermore, interest paid by local banks are tax-exempt and there are no foreign exchange controls.
Panama corporations are commonly used for residency visas, international tax structuring, international commercial transactions, banking, and merchant account access, e-commerce and internet services, trading, asset management or as a holding company.
Learn more about incorporating in Panama:
Panama Corporation (SA) Formation and First-Year Fees – USD 2,150.00 (All Included)
Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Corporation in Panama, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the notarization of documents, which are generally required for opening bank accounts.
- All applicable Registration and Government Fees (Registro Publico)
- Preparing the Incorporation Deed and Articles of Incorporation (Spanish)
- Acting as the First Subscriber and executing the Incorporation Deed before Notary
- All applicable Notary Fees
- Filing the Incorporation’s Notarial Deed with the Commercial Register
- Preparing Subscriber’s Resolution for the Appointment of Directors and Resignation of Subscriber’s Rights
- Preparing the Company Bylaws
- Providing the Certificate of Juristic Person, and Company Extract issued by the Registro Publico
- Providing a Certified English Translation of the Corporate Documents
- Preparing the First Board Meeting Minutes for the allotment of Shares, the Appointment of Directors, Registered Agent and office, and other related matters
- Preparing the Share Register Book
- Preparing the Share Certificates
- Filing BOR with the Superintendency of Non-Financial Subjects
- Preparing and executing a Certificate of Incumbency
- Providing Registered Office Services, including business address, for one year
- Providing Registered Agent Services for one year
- Providing Certified copies of the Corporate Documents
- Delivering Original, and Certified copies of the Corporate Documents via Courier, inclusive of Courier fees
Time to form
It generally takes us 1-3 days to prepare the incorporation documents, executing them as a deed by the Notary, and file them with the Registro Publico (Registrar). Once the company is filed, it takes around 5 business days for the Registrar to process the incorporation and issue the stamped Public Deed and related documents.
Nominee Services (Optional)
Nominee Directors/Officers
All Panamanian Corporations are required to have at least 3 directors/officers (President, Treasurer, and Secretary). Officers’ details are available for public inspection in the public registry. Most clients opt to appoint from one to three Nominee Directors to fulfill the aforementioned positions.
- One Nominee Director (Natural Person) – USD 700.00 p.a.*
- Two Nominee Directors (Natural Persons) – USD 1,200.00 p.a.*
- Three Nominee Directors (Natural Persons) – USD 1,500.00 p.a., including Notarized and Apostilled Power of Attorney
*If the client wishes to appoint one or two Nominee Directors, we assume that a Notarized and Apostilled Power of Attorney shall not be required.
Nominee Shareholder
- Nominee Shareholder (Natural Person) – USD 800.00 p.a.
Bank Account Opening Services (Optional)
We assist you in opening a bank account in Panama.
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Panama Bank Account - USD $ 1,200.00
Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPanama Bank AccountUSD 50,000YesUSD, EUR, CADYesPanama Bank AccountUSD 10,000YesUSD, EUR, CHF, GBP, CADYesPanama Bank AccountUSD 1,000NoUSDYesAccounts can be opened remotely on case-by-case basis.
Note that we can also open overseas bank accounts for Panama companies in the following offshore jurisdictions:
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Andorra Bank Account - USD $ 1,200.00
Andorra Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMORABANCUSD 500,000YesUSD, EUR, CHF, CAD, AUD, SEK, NOK, NZDYesPrivate Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.Credit Andorra (Creand)EUR 300,000NoEURYesMinimum Initial Deposit requirements for countries outside of the European Union is EUR 1,000,000 or equivalent.
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Antigua Bank Account - USD $ 300.00
Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBankUSD 10,000YesUSD, EURYesIn Euros they processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.Global Bank of CommerceUSD 25,000YesUSD, EUR, GBPYesCash Secured Visa Credit CardNorth International BankUSD 5,000YesUSD, EURYesUnionPay Cards work without inconvenience in the USA.
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Armenia Bank Account - USD $ 1,200.00
Armenia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOJSC UnibankUSD 50,000YesEUR, USD, RUB, AMDYesBusiness connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
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Bahamas Bank Account - USD $ 500.00
Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Union BankUSD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only.CitibankUSD 10,000,000NoMulticurrencyYesPrimary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.DeltecUSD 1,000,000YesMulticurrencyYesCredit Card available on a case by case basis.EFG BankUSD 1,000,000YesMulticurrencyYesRemote account opening is possible, but the bank will visit the client within first year after opening.Equity BankUSD 500,000YesUSD, EURYesPrepaid debit card available.
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Belize Bank Account - USD $ 300.00
Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBelize Bank InternationalUSD 4,000NoEUR, GBP, USDYesCaye BankUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesPrepaid Visa cards available.Heritage BankUSD 3,000YesMulticurrencyYes
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BVI Bank Account - USD $ 900.00
BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBVI Bank AccountUSD 20,000NoUSD, GBP, HKDYesBank of Asia does not onboard corporations who have a connection in US and Russia.VP BankUSD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
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Cayman Islands Bank Account - USD $ 900.00
Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCayman National BankUSD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesNCB Cayman LimitedUSD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYesNCB Cayman Bank offers trading, private and investment bank accounts
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Cook Islands Bank Account - USD $ 600.00
Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Security BankUSD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00
Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsExprinter International Bank N.V.USD 100,000NoMulticurrencyYesInternet Banking only for viewing the account, not for operatingUnited International BankN/AYesMulticurrencyYes
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Cyprus Bank Account - USD $ 1,200.00
Cyprus Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of CyprusN/AYesMulticurrencyYesSupports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
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Dominica Bank Account - USD $ 300.00
Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDominica Bank AccountUSD 15,000YesUSD, EUR, GBP, CHFYesEqiBankUSD 15,000YesUSD, EUR, GBPYesJetonbankN/ANoMulticurrencyYesSWIFT transactions are carried out only through a pool account in the name of the bank.Dominica Bank AccountN/ANoMulticurrencyYesThe Kingdom BankN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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Gibraltar Bank Account - USD $ 1,200.00
Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsGibraltar Bank AccountN/ANoMulticurrencyYesGibraltar Bank AccountUSD 20,000YesUSD, EUR, GBPYesFor wealth management and brokerage accounts minimum relationships start from USD 250,000. Cards are dependent on jurisdictions.
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Hong Kong Bank Account - USD $ 1,400.00
Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of ChinaHKD 100,000YesMulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.DBS BankHKD 200,000YesHKD, USD, MulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00
Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsIsle of Man Bank AccountN/ANoUSD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGNYes
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Labuan Bank Account - USD $ 500.00
Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsLabuan Bank AccountUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesFor businesses operating offshore or non-resident companies seeking to establish corporate banking relationships in Labuan, we collaborate with a mid-size financial institution renowned for its expertise in serving international clientele. With decades of industry experience, this bank has positioned itself as a key player in supporting global businesses across a variety of sectors. This bank welcomes companies incorporated in numerous offshore jurisdictions without the stricter requirements, such as business nexus in the South Asia - East Asia regions, unlike larger institutions within Labuan. Catering to a diverse range of industries, the bank is well-versed in supporting investment and asset holding companies, as well as businesses engaged in sectors such as trade, professional services, e-commerce, among others. Whether you operate in consultancy, marketing or international trade, this bank offers tailored services to meet your corporate banking needs. Their corporate accounts are available in various major currencies, such as USD, JPY, SGD, EUR and GBP and the bank supports SWIFT transactions. Transactions will be carried out with the assistance of a dedicated personal relationship manager. In addition to traditional banking services, the bank also offers Islamic banking options, including Shariah-compliant investment products and Islamic trade financing solutions. Minimum relationships start from USD 10,000. The account opening process can be handled entirely remotely, eliminating the need for travel to Labuan. We will guide you through the preparation of the necessary KYC documentation and provide comprehensive support to ensure a seamless and efficient bank account application process. If you are interested in opening a corporate bank account in Labuan, contact us today to assess your eligibility and initiate the account opening process!CitibankUSD 250,000NoMulticurrencyYesMayBank International Labuan BranchUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.
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Liechtenstein Bank Account - USD $ 1,200.00
Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBendura BankUSD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
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Mauritius Bank Account - USD $ 600.00
Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank OneUSD 50,000NoMulticurrencyYesInvestecUSD 50,000YesMulticurrencyYes
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Nevis Bank Account - USD $ 300.00
Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBONIUSD 20,000NoUSD, EUR, GBPYesHamilton Reserve BankUSD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesNevis Bank AccountUSD 25,000NoMulticurrencyYesNevis Bank AccountUSD 10,000NoUSDYes
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Puerto Rico Bank Account - USD $ 300.00
Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPuerto Rico Bank AccountN/ANoMulticurrencyYesCB International Bank LLCN/AYesUSD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZARYesUnionpay Merchant service for clients.Elite International BankUSD 25,000NoUSDYesTheir main focus is on commercial type, trade finance.Medici BankUSD 10,000NoMulticurrencyYesStrategic BankUSD 150,000NoUSDYes
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Saint Lucia Bank Account - USD $ 300.00
Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPROVEN BANK (Former BOSLIL)USD 5,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
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Seychelles Bank Account - USD $ 500.00
Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAl SalamUSD 25,000NoUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
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Singapore Bank Account - USD $ 900.00
Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of ChinaSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.Credit SuisseUSD 3,000,000NoUSD, SGDYesDBS BankSGD 250,000NoMulticurrencyNoNexus in the form of client/supplier/partner/contractor in Singapore required.HSBCSGD/USD 30,000NoSGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USDYesNexus in the form of client/supplier/partner/contractor in Singapore required.RHBSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.OCBC BankUSD 30,000NoUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.UOB BankSGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00
Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAmina BankCHF 500,000YesEUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AEDYesAmina Bank does not open accounts with a pure transactional business nexus.Credit SuisseCHF 1,000,000YesMulticurrencyYesMaerki BaumannCHF 500,000YesMulticurrencyYesmBaer BankCHF 5,000YesMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000.SygnumCHF 3,000,000YesMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
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USA Bank Account - USD $ 1,400.00
USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountUSD 100,000NoUSDYesmin deposit USD 100k and more AND/OR with revenues of USD 1MUSA Bank Accountfrom 10,000 but preferred 250K-300KYesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.USA Bank AccountUSD 5,000YesUSDYesDebit cards can be delivered to overseas address, however, credit card could ONLY be delivered to a USA physical address (non-PO box).USA Bank AccountN/A (USD 250,000 preferred)NoUSDYes
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Vanuatu Bank Account - USD $ 500.00
Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPacific Private Bank1,500 EURNoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
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EMI Account - USD $ 300.00
EMI AccountsEMIMin DepositCardsCurrenciesRemoteDNBC (CA) (former DSBC)N/ANoEUR, CAD, GBP, CHF, HKDYesSepagaN/AYesMulticurrencyYesAirwallexN/AYesMulticurrencyYesCurrenxieN/AYesMulticurrencyYesStatrysN/AYesMulticurrencyYesCollect & PayDepending on category.NoMulticurrencyYesBankeraN/AYesEURYesConnect PayN/AYesMulticurrencyYesDNBC (former DSBC)N/ANoEUR, CAD, GBP, CHF, HKDYesGurupayN/ANoEURYesIBSettleN/ANoEURYesMistertangoN/AYesEURYesNEXPAYN/ANoMulticurrencyYesPayswixN/ANoMulticurrencyYesSettleDeskN/ANoEURYesValyuzN/ANoEUR, USD, GBP, SEK, JPY, HKDYesVerifoN/ANoEURYesVialetN/AYesEURYes3SMoneyN/ANoMulticurrencyYesAspireN/AYesSGD, USDYesWorldfirstN/ANoMulticurrencyYesBilderlingsN/AYesEUR, GBPYesBVNKN/ANoMulticurrencyYesEQUALS MoneyN/AYesMulticurrencyYesIFXN/ANoMulticurrencyYesInterpolitan MoneyDepending on category.NoEUR, GBPYesMontifyN/ANoMulticurrencyYesMultiPassN/ANoEUR, USD, GBPYesPaysetN/ANoMulticurrencyYesTRANSFERRAN/AYesMulticurrencyYesXaceN/AYesMulticurrencyYes
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Panama Company Annual Fees – USD 1,600.00 (payable one year after incorporation, and annually thereafter)
- Annual Government Franchise Tax
- Maintaining Minute Book, Registers and Statutory Records
- Providing Registered Office Services, including business address, for one year
- Providing Registered Agent Services for one year
Other Services (Optional)
- Establishment and maintenance of Private Interest Foundations, and provision of Council Members (either Nominees or Executive Managers)
- Establishment of Financial Services Companies, and Private Funds (20-PF or 50-PF)
- Assistance with establishing Economic Substance in Panama (Physical Office, Employees, etc)
- Opening of Merchant Accounts for E-commerce businesses
- Obtaining Operations Notice (Aviso de Operación) for companies with a physical presence in Panama
- Registration with Municipal Authorities (Panama City, Colon) for companies with a physical presence in Panama
- Accounting and Tax Services. Note that tax filings are required for companies with a physical presence in Panama and/or carrying on certain business activities with residents
Please, contact us for further information.