10 Steps to incorporating a Panama LLC

Panama's business incorporation guide

  1. Before Healy Consultants commences the incorporation process, we request our Clients to i) sign our engagement letter and courier us ii) the signed letter along with all the required due diligence documents and iii) settle Healy Consultants’ engagement fees;
  2. Our experts will draft a detailed engagement plan for our Clients, detailing by week every step towards engagement completion. This plan will optimise work transparency and settle our Client’s expectations;
  3. After Healy Consultants and the Client agree on the plan and company structure, we will prepare the articles of association for the company which will include:
    • Name and details of all the shareholders and directors;
    • Name and Domicile of the company;
    • Business objectives of the company;
    • Total company capital and distribution of shareholding.
  4. Healy Consultants will courier the incorporation forms to our Client for their signature. After our Client returns the signed forms, our experts will notarize the documents through a local notary and submit them to the Registrar of Companies;
  5. We will pay the Panamanian annual franchise tax, on behalf of our Client, after which the certificate of incorporation will be issued. We will immediately email the certificate to our Client;
  6. Healy Consultants will also assist our Client with opening a Panamanian corporate bank account. Our bank account opening team will liaise with the bank to prevent our Client from having to travel for an account opening interview;
  7. To support the new company, Healy Consultants will provide our Client a Panama based business address for invoicing purposes. Additionally, our Clients may also request our telephone, fax, and email support for their company following entity establishment;
  8. Healy Consultants will now apply for a Tax Contribution Number (RUC) for our Client’s company. We will also obtain the Commercial Operations Permit for the company and register with the Social Security Administration;
  9. If required, Healy Consultants will assist our Client in finding business premises in Panama and recruiting local and expatriate staff;
  10. Following engagement completion, Healy Consultants will courier a full company kit to our Client, including original Panama corporate documents, unopened bank correspondence and a Client feedback survey.

Contact us

For additional information on our incorporation services in Panama, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!
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