Large business setup in Panama
Starting a big company requires thorough preparation and effort, with specific obstacles and considerations to address when launching a corporation. Let’s examine the benefits of establishing a large company in Panama and how our tailored solutions can help you succeed.
The process of setting up a large business
Creating a big company in Panama involves a similar procedure to starting a small or medium-sized business. Nevertheless, because of its size and intricacy, establishing a large business usually demands additional time and resources. The outlined process is as follows:
Choose a business name
The name of the business must be original and not currently in use. You can verify if a name is available by visiting the Panama Trade Registry’s website.
Select legal entity type
Choosing the right legal framework is crucial for the prosperity of your big company. We offer expert advice on Limited Liability Company (S.A.), Corporation (S.A.), Branch Office, Holding Company to assist you in making a well-thought-out decision that suits your specific needs and long-term goals.
Set up legal address
It is crucial to have a valid address when launching a business, as it acts as the primary point of contact for official purposes and business communication. Selecting a legal address that complies with local laws and fits your business needs is essential.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation tailored to your company’s specific structure and objectives. We ensure compliance with all legal requirements and will handle the filing procedures on your behalf.
Open a bank account
We will help you with the process of opening a bank account, making sure that your company follows all the rules and selecting a trustworthy financial institution for your account in Panama.
Company registration
We take care of the registration process with entities such as the Trade and Companies Register and tax authorities, removing the administrative workload from you. This ensures that your business is legally recognized and compliant from the beginning.
Setup accounting
In order to effectively start a big company, it is crucial to keep precise financial documents. Our group of accounting professionals can assist in creating efficient accounting and bookkeeping methods that adhere to Panama’s regulations.
Large business examples
Numerous industries and sectors require specific solutions for the operations of large-sized businesses. Here are a few examples of large-sized businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Panama
Panama is an attractive location for establishing large businesses, providing numerous benefits.
Strategic location
Panama provides a beneficial tax environment, a strategic canal, and a stable economy, especially suitable for shipping, logistics, and financial services. Due to its strategic position linking the Americas, favorable regulations for businesses, and use of the US dollar, Panama offers many benefits to companies wanting to set up operations in the area.
Favorable tax regime
Panama operates under a territorial tax system, meaning only income earned within Panama is taxed. The corporate income tax rate is a flat 25%. Panama is famous for its advantageous geographic position, the Panama Canal, and the Colon Free Trade Zone.
Banking
The banking benefits of Panama consist of a prime location, a reliable financial system, and options for offshore banking and global transactions, which appeal to investors looking for privacy and worldwide financial services.
Our Large business setup solutions
We understand the value of your time and resources, which is why we offer two convenient choices to streamline the company formation process.
Business formation online
By utilizing the online platform offered by Panama, individuals can start and finalize the process of setting up a business from any location globally. The capability to track progress, submit necessary paperwork, and access our services through secure digital channels guarantees a seamless and convenient process.
Business formation remotely
If you would rather have a more hands-off approach, we can manage all the paperwork for you. Our team of experts will handle all the necessary formalities, fill out the required paperwork, and communicate with the appropriate authorities on your behalf to provide you with peace of mind.
Contact us
Get in touch now to schedule a consultation and begin pursuing your business goals. Let’s embark on this journey together.