If you would like to incorporate an international business company in an independent jurisdiction, you should consider a Panama corporation, which is also known as a Panama IBC.
Advantages of a Panama Company
Inexpensive annual support
No requirements of a minimum paid up capital
Information about shareholders and beneficial owners is not filed with the Public Registry Office and not available to the public
Any individual and legal entity may become a shareholder
No foreign exchange control
Information about a Panama IBC
Panamanian corporations are incorporated under the Law No. 32 of 1927 and the Commercial Code (Decree-Law No. 5 of 1997, Article 5).
The name of a Panama IBC may be in any language and must include one of the following legal endings: Incorporated, Corporation, Sociedad Anonima, Inc., Corp., S.A.
The name must be different from an already existing or reserved corporate name in Panama.
Each Panama IBC must have a registered office address and agent in Panama, who is an attorney or a law firm.
Principal office address (business address) of the corporation may be in any country.
Our incorporation fee includes a Panama registered office address and registered agent for the first year.
Shareholders of a Panama IBC may be any individual or legal entity, who is a resident of any country.
A minimum of one shareholder is required. A minimum of one share of US$100.00 must be issued to that shareholder.
If you need a nominee shareholder, our company provides such services.
Every Panamanian IBC shall be managed by a Board of Directors. A minimum of three individual directors is required. Corporate directors are not permitted. All directors must be at least 18 years old and may be a resident of any country .
The Board of Directors appoints officers such as President, Secretary and Treasurer. Officers must be individuals as well and may be a resident of any country. One person may hold more than one officer position. Officers do not need to be a director.
If you do not have three directors or need an extra layer of privacy protection, our company is able to provide nominees.
Standard authorized capital is US$10,000 divided into 100 registered shares of US$100 each. Such capital keeps the incorporation and annual cost of a Panama IBC at a minimum level.
Authorized capital is the amount which the company may receive from its shareholders in consideration for the issued shares. For example, if a company has the above authorized capital, it is allowed to issue up to 100 registered shares and receive from its shareholders not less that US$100 for each issued share.
A Panama Corporation is not required to issue all its shares for the total amount of authorized capital at the time of incorporation. The company at a minimum must issue just one share to a single shareholder and the remaining shares or any part of them may be issued at any time in the future or not issue at all.
All issued shares must be paid up by shareholders. It means, if a company issued one share of US$100.00, the shareholder must pay the Panama IBC US$100.00.
Each Panama Corporation must pay an annual renewal fee starting from the second year. Our annual fees are listed in the Fee Schedule.
Information about shareholders and beneficial owners is not filed with the Public Registry Office and not available to the public.
Names and addresses of the directors and officers are included in the Articles of Incorporation. Therefore, this information is available to the public.
Our company is able to provide an extra layer of privacy protection by offering nominee services.
There are no statutory requirements for an audit of a Panama IBC. However, accounting records are required and may be kept in any country. Directors of the company are required to provide the Registered Agent with the address of where the accounting records are kept.
Annual meetings are not required. The board of directors may decide to conduct an annual meeting of shareholders. Such meeting shall be held within Panama unless otherwise stated in the Articles of Incorporation or By-Laws.
Incorporation of Panamanian IBC takes 10 to 13 business days. Preparation of all internal documents takes an additional 3 to 5 business days.
We incorporate Panama companies and keep them in our office as shelf companies for convenience of our clients. All shelf companies do not have any previous business activity. When a client purchases a shelf company of any age, he may be absolutely confident that he is the first owner of it.
Please check our Shelf Company List.