PANAMA
Law
General Corporation
Law 32 of 1927
Incorporation
Incorporation
normally takes 3-5
working days, though
an “off the
shelf/ready made”
company could be
quicker.
Company Name
The company name
must end in
“Incorporated
(Inc)”, “Corporation
(Corp)”, “Society
Anonyme (SA)” and
“Sociedad Anonima
(SA)”. It cannot end
in Limited (Ltd).
There are also
restrictions on the
use of certain words
or business
descriptions, such
as Royal, bank,
insurance.
Directors
The minimum number
of directors is
three.
The Director does
not have to be
resident
Corporate directors
can be appointed
Details are on the
public record.
Secretary
A secretary is
mandatory
The secretary does
not have to be
resident
Share Capital
The minimum number
of shareholders is
one
Companies can issue
bearer shares, but
they must be fully
paid up.
Shares do not have
to be held by
residents
No par value shares
permitted.
Where some
shareholders are
nominees, the
ultimate beneficial
ownership does not
have to be declared.
Authorised share
capital normally US$
10,000
Meetings
No requirement to
hold an Annual
General Meeting
(AGM).
Director meetings
and the AGM may be
held anywhere
Seal
A company seal is
usual
Accounts/ Financial
Statements
Accounts do not have
to be filed
Records to be kept
There is no
requirement for
records to be kept
in the jurisdiction
Registered
Office/Registered
Agent
A registered agent
is required in the
jurisdiction
Annual return
An Annual return is
not required.
Price
First year
costs
£1200
Annual renewal
fee £900
(includes Registered
Agent, Government
fee)
