Panama

CORPORATE INFORMATION

Type of entityNon resident
Type of lawCivil
Shelf company availabilityYes
Our time to establish a new company1 - 2 days
Minimum government fees (excluding taxation)US $300
Corporate TaxationNil
Double taxation treaty accessNo

SHARE CAPITAL OR EQUIVALENT

Standard currencyUS $
Permitted currenciesAny
Minimum paid upUS $1
Usual authorisedUS$10,000

DIRECTORS

Minimum number3
Local requiredNo
Publicly accessible recordsYes
Location of meetingsAnywhere

SHAREHOLDERS

Minimum number1
Publicly accessible recordsOptional
Location of meetingsAnywhere

COMPANY SECRETARY

RequiredYes
Local or qualifiedNo

ACCOUNTS

Requirement to prepareYes
Audit requirementsNo
Requirement to file accountsNo
Publicly accessible accountsNo

OTHER

Requirement to file annual returnNo
Change in domicile permittedYes