Limited Liability Company (SRL) in Panama
To register a company in Panama, it is not necessary to travel to the country of registration and deal with the procedural issues of registration yourself. Everything is much simpler, and thanks to the Internet, which has its web all over the world, you can do it just on the computer.
LLC registration conditions
A Panamanian company must confirm its economic presence (substance) in the country, otherwise, international structures will perceive it as a “shell company”. Also, in the case of using “nominee directors”, the beneficiary will not be able to obtain Panama residency when applying for a visa.
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Register Limited Liability Company (SRL) in Panama jurisdiction with our professional assistance. We will help you open a company remotely and give you valuable advice on taxes and accounting.
Unauthorized disclosure of corporate secrets and information recorded in the corporate book of the company is not allowed. Permission to obtain access to the information of corporate books is issued exclusively by the sanction of the Panamanian court. For the disclosure of corporate secrets, the law provides for criminal liability.
When a foreigner wants to register a company in Panama, the law does not require him to pay the share capital. It can be any amount and in any currency.
The annual maintenance and service of a Panamanian company are considered one of the most inexpensive in comparison with corporate structures in other states.
Documentary reporting has been simplified as much as possible. Incorporations are not required to file annual financial statements, declarations, and conduct financial audits.
Timeline
The period of register LLC Company in Panama engagement approximately 4 weeks. It is consisting of Engagement planning company incorporation, corporate bank account approval, corporate internet banking approval, engagement completion.
Fees
Registration of an offshore company in Panama is possible in the form of a corporation or limited liability company and is accompanied only by the payment of a one-time state fee of $ 250. The fee is paid in the same amount for the second and subsequent years of the company’s existence.
Compulsory regulation
There are no requirements to pay the declared statutory fund of the company.
The name of the owner of the Panamanian company does not appear on the public Registries, as the names of the appointed directors must be registered.
Shareholders’ meetings can be held in any country, even via video conferencing via the Internet and communications.
Documents
You need to prepare in advance: A color photocopy of your passport (pages with a photo and signature). These copies must be certified by a notary.
Residence confirmation documents. These can be bank receipts for utility bills, which must be translated into English by a sworn translator and notarized. The date on these receipts must not be older than 3 months.
Consultation about company registration
The specialists of our law company have many years of experience and the necessary knowledge to register a company in Panama quickly and easily. Our lawyers, accountants, and business consultants will help you with the process of registering a company in Panama and with the further conduct of your business.
Accountancy
Companies in Panama are required to maintain accounting records and prepare annual financial statements that include balance, report about incomes and material losses, explanation of reporting.
Taxes
Panama does not belong to the classic "offshore" jurisdictions, since taxes are levied on a territorial basis, that is, only income received from a source in Panama is taxed. Consequently, companies operating and receiving income outside Panama are exempt from taxation.
Bank account
If you decide to open a company in Panama, you have to create a Corporate Account. This type of account needs for the main business of the company, for internal expenses, payment for services, and providing net income for private entrepreneurs.
Other types of companies
If you feel like Limited Liability Company does not fit your needs, click the button below and you will see other legal forms like Corporation, Branch Office, Holding Company, and more.
Register Limited Liability company
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