Panama Sociedad Anonima
General Information
- Type of Company - Sociedad Anonima
- Legislation – Civil Law
- Company name – All names written with Latin alphabet are permitted
- Time-scale for incorporation - 3 to 5 days.
- Change in domicile is permitted
- Double tax treaties - none
- Shelf companies are available.
- Taxation on profits - none on foreign profits
Local Requirements
- Registered Office is not required
- Company Secretary is required
- Local or qualified secretary is not required
- Local directors are not required
- The location of meetings can be anywhere in the world
- Public recording of directors is required
- Public recording of shareholders is not required
Corporate Requirements
- Minimum number of shareholders - One (1)
- Minimum number of directors/officers - Three (3)
- Minimum paid up share capital - None.
- Usual Authorised Capital - US$10,000 divided into 10,000 shares of USD1.00
Annual Requirements
- It is not a requirement to prepare and file accounts
- It is not required to have publicly accessible accounts
- There is no requirement for audited accounts
- It is not a requirement to file annual return
- The minimum government fees are USD300