Business setup in Panama
Entrepreneurs looking to establish a strategic presence in Central America are drawn to Panama’s advantageous location and economic conditions. The country presents numerous business opportunities for enterprises of varying sizes, making it an appealing option for anyone looking to start a business in the region.
Benefits of business setup in Panama
Panama offers several appealing advantages that set it apart from other Central American countries in terms of choosing a location for corporate operations. Some of the key benefits include:
Business landscape
Panama provides a positive tax environment, a strategic canal, and a stable economy, which are particularly advantageous for shipping, logistics, and financial services. Thanks to its strategic position linking the Americas, accommodating regulations, and use of the US dollar, Panama offers many benefits for businesses seeking to set up operations in the area.
Taxes
Panama operates under a territorial tax system, meaning that only income obtained from sources within Panama is taxed for corporate income. The tax rate is a flat 25%, and Panama is famous for its strategic location, canal, and the Colon Free Trade Zone.
Banking
Panama's banking benefits consist of a prime geographical position, a secure financial system, and options for offshore banking and global transactions, drawing in investors in search of confidentiality and international financial solutions.
Our business setup solutions
We offer a wide variety of services to help you establish your business in Panama.
Bookkeeping
Our accounting services are dependable and transparent, tailored to meet your specific needs, ranging from daily recording of transactions to the preparation of financial statements.
Bank account opening
Our team guides you through the criteria and helps you choose a financial institution that aligns with the objectives of your business.
Taxation and compliance
The tax specialists possess a deep understanding of tax regulations and are able to offer tactical tax planning and compliance assistance. We guarantee that your company fulfills its tax responsibilities while maximizing your tax situation to reduce debt.
Document drafting
We provide full support to fulfill your legal needs, from creating legal documents like articles of association and shareholder agreements, to registering your corporate address.
Company registration
Our team of professionals will assist you in registering your company in Panama. We will take care of all the required paperwork and communicate with the appropriate entities to ensure a seamless and effective registration process. Whether you are launching a new business or expanding an existing one, we offer customized support to simplify the registration process and start your company swiftly. From selecting the appropriate business structure to acquiring essential licenses and permits, we are dedicated to guiding you through the intricacies of company registration effortlessly.
Business license applications
We can take care of the entire process for you, making sure to obtain all required permits and licenses in a timely manner and in accordance with local regulations.
Business opportunities in Panama
Panama provides a diverse array of corporate prospects in multiple areas. Significant industries that flourish in the country encompass:
Logistics
Panama plays a crucial role in worldwide logistics and transportation due to the Panama Canal, which links the Atlantic and Pacific Oceans. The nation's strategic position and effective canal management render it an essential center for maritime commerce and transportation.
Banking
Panama has a highly developed banking industry that provides various financial services, such as offshore banking, wealth management, and corporate finance. The country's strong economy, advantageous tax policies, and effective regulatory structure are appealing to international banks and investors.
Manufacturing
Panama's manufacturing sector is expanding, with a concentration on light industry and assembly activities. The country's close proximity to key markets, trade agreements, and competent labor force offer favorable conditions for investments in manufacturing.
Tourism and travel
Panama has a variety of attractions, such as tropical beaches, rainforests, and historical sites, that draw tourists and visitors to the country. The tourism sector covers hospitality, ecotourism, and adventure travel, which all play a role in boosting the country's economy.
Setting up a new business
Starting a new business in a foreign market such as Panama can be both thrilling and intimidating. Yet, with proper assistance and encouragement, the process of setting up a new business can become more streamlined.
We understand the difficulties that arise when launching a new business, and we are here to support you through the entire process. Whether you have experience as an entrepreneur or are just starting out, our team of specialists is committed to offering customized solutions to meet your individual requirements.
Establishing a small business
Our dedicated group of experts is ready to assist you in handling various legal and administrative tasks, including compliance, taxation, and company registration. We understand the challenges faced by small businesses and are prepared to provide tailored solutions to help you establish a strong foundation for future growth.
Medium-sized business setup
We offer a wide range of services including setting up a company, handling accounting, and providing tax advice to guarantee adherence to local laws. By following our advice, you can simplify your business processes and concentrate on expanding your company, leaving the administrative tasks to us.
Large business setup
The team of skilled experts offers comprehensive assistance, starting from setting up the company and registering the legal address to planning tax strategies and corporate banking. We recognize the specific requirements of big businesses and can provide customized services to help you enter and expand in the market.
Contact us
We provide the assistance and guidance you need to effectively handle the obstacles of starting and growing your business in Panama through our wide variety of corporate setup services. Contact us immediately to schedule a consultation and learn more about how we can assist you in achieving your corporate goals.
Ready for the next step
Accelerate your business growth while we take care of everything else.