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Frequently Asked Questions about Panama

The following are some of the most frequently asked questions about Panama company incorporation:

 

How long does it take to incorporate a Panama company?

How difficult is it to open a corporate bank account for a Panama company?

Am I required to visit Panama to incorporate a company there?

What is the minimum number of directors required for a Panama company?

Is a resident director required?

What is the minimum number of shareholders required for a Panama company?

Are shareholder/director details available for public viewing?

What are the minimum capital requirements for a Panama company?

What is the problem of setting up a Panama company?

How much tax does a Panama company pay?

Does a Panama company benefit from any trade agreements?

 

How long does it take to incorporate a Panama company?
Setting up a Panama company is fast and will only take up to five days, once all required information and documents have given to us.

How difficult is it to open a corporate bank account for a Panama company?
It is very easy to open a corporate bank account with a reputable international bank in the Panama.

Am I required to visit Panama to incorporate a company there?
No. Healy Consultants can legally incorporate your Panama company without you needing to travel.

What is the minimum number of directors required for a Panama company?
A Panama company needs a minimum of three directors.

Is a resident director required?
A resident director is not required for Panama company formation.

What is the minimum number of shareholders required for a Panama company?
A Panama company requires a minimum of two shareholders.

Are shareholder/director details available for public viewing? 
Yes.

What are the minimum capital requirements for a Panama company? 
A Panama company formation has no minimum capital requirements.

What is the problem of setting up a Panama company? 
A President, Treasurer and company secretary is required for Panama company formation. Panama may also be perceived as a tax haven.

How much tax does a Panama company pay? 
Non-resident Panama corporations are 100% tax-free on its activities outside of Panama. Other companies pay a flat 27.5% corporate tax.

Does a Panama company benefit from any trade agreements? 
Panama is a member of the Free Trade Area of the Americas (FTAA), which makes it an optimal country to enter the American market through.

Contact Us

For further information on any of our Panamanian corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120.

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