Panama Corp.


Panama International Business Corporation (IBC) with ownership flexible structure, strict privacy, tax-free and no tax reporting requirements. The Panama Corporation is frequently used for international trade, private foundations, e-commerce, holding and asset protection purposes.

Recurring and maintenance fees as from second year USD 950

Please note: If applying for a corporate bank account you will need to order a full set of apostilled company documents when the account is opened outside of Panama.

Panama Corporations require a minimum of 3 directors. You can choose our Nominee Services or appoint your own directors.



    Nominee Shareholder
    • 300 $

    Provision of corporate Nominee Shareholder (per annum)

    Nominee Director
    • 300 $

    Provision of 1 corporate Nominee Director (per annum).

    Please note: Panama Corporations require a minimum of 3 directors.

    You can choose quantity of Nominee Directors during your checkout by clicking "Quantity" field.

    General Power of Attorney (Apostilled)
    • 300 $

    Provision of General Power of Attorney (valid for one year) issued by a Nominee Director, under Apostille.

    Special Power of Attorney (Apostilled)
    • 290 $

    Special Power of Attorney issued by a Nominee Director, under Apostille


    Certificate of Good Standing (Apostilled)
    • 350 $

    Provision of Certificate of Good Standing under Apostille

    Certificate of Incumbency (Apostilled)
    • 470 $

    Provision of Certificate of Incumbency under Apostille

    Set of Corporate Documents (Apostilled)
    • 400 $

    Copies of corporate documents in one Apostilled bundle.
    Please note: If applying for a corporate bank account you will need to order a full set of apostilled company documents when the account is opened outside of Marshall Islands.


    Extra Rubber Stamp
    • 50 $

    Provision of company extra rubber stamp

    Metal Embossing Seal
    • 125 $

    Provision of embossed metal seal


The corporation limited by shares is the most frequently used corporate form in Panama, and is the usual choice for an offshore operation. Corporations are formed under the Law No. 32 of 1927 and the Commercial Code (Decree-Law No. 5 of 1997, Article 5). In addition to the corporation (sociedad anónima), Panama has several types of modern business entities: the limited liability company or LLC (sociedad de responsabilidad limitada); the limited partnership (sociedad limitada); and the limited partnership (sociedad limitada por acciones).


The name of the corporation must end in Corporation, Corp., Incorporated, Inc. or, commonly, S.A. It cannot end in Insurance, Re-insurance, Trust, Mutual Fund or Bank without special license and consent of the Registry.


A corporation is formed by two subscribers (or nominees in the case of absent foreign subscribers) who execute the Articles of Incorporation (Statutes) before a notary and then record them at the Public Registry Office, paying a capital tax (minimum US$60.20 on the usual capital of US$10,000). There is an annual registration fee of US$350.


Following incorporation minimum of one shareholder is required which may be an individual or a corporate body. The details of company beneficial owners and shareholders are not part of the public records.


There is no minimum capital, and no paying-up rules, except that no-par-value and bearer shares must be fully-paid when issued. Usual authorized capital is US$ 10,000. Shares can be of various classes, can have par value or not, may be registered or bearer. Strict regulations now apply to bearer shares: the registered agent must keep the bearer share certificate in safe custody and must notify the Registrar about such shares. A Stock Register must be kept by law. The register contains the names in alphabetical order, place of domicile and date of acquisition of shareholders, other than the holders of Bearer Shares. This register may be held anywhere in the world.


A minimum of three directors is required. The names and addresses of the directors are part of the public record and therefore nominee directors are usually appointed at incorporation. Panama offshore companies are also required to appoint a minimum of 3 officers – President, Treasurer and Secretary – who may also be the directors. Company officers can be natural persons or bodies corporate. There is no maximum to the amount of officers appointed.


A non-resident Panama Corporation must maintain a registered office and Registered Agent in the Republic of Panama. A company secretary must be appointed, who may be a natural or corporate person. The company secretary may be of any nationality and need not be a resident of Panama.


Annual general meetings of either shareholders or directors of the corporation are not mandated or required. However, if meetings are held, they can take place anywhere in the world by proxy – via telephone, email or other electronic means. Any resolutions passed are valid regardless of whether they are signed on different dates or in different jurisdictions.


Usually it is 7 – 14 working days, but we need up to 10 working days for legalization of the documents and delivery by courier.



  • Provision of registered office, agent and registered address
  • Payment of the government fees
  • Administrative and Compliance Fees


Panama does not impose taxes on any income or dividends generated by sources outside the country, even if the operations are handled from offices established in Panama. The corporation which does not carry out business in Panama, or which operates outside of Panama from an office located in Panama is not obliged to file an Income Tax Return form.


There is no requirement to prepare, maintain or file financial statements or annual returns. If the directors decide to maintain such accounts, they may be done anywhere in the world.


  • Name check and approval
  • Filling the incorporation documents with the Registrar of Companies
  • A standard set of original corporate documents
  • Payment of the Government fee
  • Provision of registered agent and registered address for one year
  • Rubber stamp


Please provide the following documents for all Directors, Shareholders, Beneficial Owners, Authorized Signatories:

  • Notarized copy of valid passport.
  • Original or Certified copy of utility bill / bank statement (as verification of residential address, dated within 3 months).
  • Original or certified copy of Banker’s reference letter (dated within 3 months).
  • In cases where shareholders and/or directors are corporate bodies, full apostilled set of corporate documents and Certificate of Good Standing (for companies registered more than 1 year).


If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, Agent Legal will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.


Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction of your ordered company, the country where the bank is based as well as your destination country.