Panama – International
Our professional company offers Panama Corporations, Panama Private Foundations and Panama Funds, which include all documents and services you need to start and successfully operate your international business. Panama Corporations are also commonly referred to as Panama International Business Company (IBC).
Advantages of Forming a Company in Panama
Panama companies have no restrictions on doing business in Panama
High level of privacy protection
Well developed financial services industry
Well developed professional infrastructure
No foreign exchange restrictions
Citizenship programs are available for investors
Information about Panama
The official currency is the Balboa (PAB). It has a fixed exchange rate with the US Dollar, which is US$1.00 = PAB1.00.
US Dollar is the major currency in Panama.
There are no currency exchange and transfer of funds control in Panama.
No approval needs to be obtained for the transfer of dividends, interest, royalties other profits or for repatriation of capital. Companies are permitted to repatriate all profits, dividends and management charges.
Spanish is the official language of Panama. English is the second widely spoken language. Most Panamanian residents are bilingual.