Registration of a company in Panama

Name of service Bronze Silver Gold Platinum
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Set of constituent documents Preparation of a complete package of constituent documents of a company of any form of ownership
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Nominal service for 1 year Registration of a company with nominal service and provision of nominees for 1 year. The price includes issuance of additional documents: power of attorney, trust documents and agreements
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Assistance in opening a personal account Collecting, preparing and submitting the necessary documents for opening a personal account
Total cost
1780 USD 2690 USD On request On request
Annual renewal (paid from the second year)
1400 USD 1950 USD 1950 USD 1950 USD

Deal of the month

If you will register a company until May 31,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Panama is one of the first countries to create favorable conditions for the development of international activities. Its loyal legislation forms prerequisites for the registration of foreign firms that want to conduct a profitable business and minimize the tax burden. The Panama offshore zone is open to various funds, trust companies, corporations. The assets of entrepreneurs are reliably protected. The country has a favorable investment climate, developed economic infrastructure. If you preliminary evaluate this jurisdiction as a workable option for setting up your business presence in Panama City or any other location, it may be suitable taking into account following available benefits.

Advantages of Panama as a Jurisdiction

Company formation in Panama is associated with getting these benefits:

  • A country with a stable economy and understandable legislation attracts businessmen from all over the world.
  • The registration of a company in Panama is simple, inexpensive, and does not require a personal presence.
  • Territorial differentiation in the calculation of taxes. Offshore Panama companies that receive income from external activities do not pay taxes from them.
  • Confidentiality. There are no requirements for the publicity of the founders' personal data. In addition, the law permits nominal services.
  • Capital safety. Political stability and the developed infrastructure of the zone create prerequisites for capitalization and attracting investments.
  • No restrictions on the export of assets outside of Panama.
  • Availability of numerous incentives for investors in different industries.
  • Exemption of non-residents from the preparation of reports.

Major Forms of Legal and Business Presence

If you wish to start business activities in this jurisdiction and worldwide, this may be arranged in one of these major forms:

  • Limited Liability Company – a body corporate that is formed by its members (from two) who bear the limited liability for the results of this entity's operation within their contributions only. Members of this firm can be legal entities or citizens (individuals) of any state.
  • International Business Company (IBC) a corporate entity that opens opportunities for doing business around the globe while its members bear restricted liability for the results of such operations exclusively within the values of their investments. The authorized capital of USD 10,000 is traditionally required in this case. The IBC registration in Panama requires a minimum of one shareholder and three directors.

Registration Requirements and Steps

Company registration in Panama needs completing these approximate stages:

  1. Defining commercial goals that are subject to realization through the entity in Panama.
  2. Choosing and checking a commercial name for the future legal entity.
  3. Arranging the future registered office for an enterprise.
  4. Collecting legally required data about founders (natural and legal persons), beneficiary owners, and future managers.
  5. Composing and executing statutory documents for a prospective enterprise.
  6. Submitting a complete set of registration documents to the Public Registry.
  7. Registration for tax and social security purposes.
  8. Applying and receiving a commercial license.
  9. Opening a corporate bank account for a newly opened enterprise.
  10. Getting extra permits and must-have licenses for regulated types of activities that an enterprise intends to perform.

Legal and Regulatory Framework

The local legislation is pretty much loyal and provides different options for entrepreneurs, including for the issue of shares with par value and without, simple and privileged, without the right to vote and to the bearer. The country also does not impose strict requirements on residency.

Entrepreneurs who decide to buy an offshore company in Panama need an office registered in the country. Prifinance specialists will take care of the problems associated with its opening. In addition, we provide a nominal service. Any activity not prohibited by law can be conducted in Panama. Major legal business acts in Panama are the Law on Corporations and the Law on Limited Liability Companies. Principal local business regulatory bodies are the Ministry of Economy and Finance, the Directorate General of Revenue, and the National Securities Commission.

Tax System of Panama

Company registration in Panama is associated with the subsequent highlights the local tax system of the jurisdiction offers:

  • Personal income tax rate – progressive scale of rates is applied in this case depending on the amount of income with the highest rate (i) 25% - for residents, and (ii) 15% - for non-residents
  • Value-added tax rate – 7% (of tax applied to movable goods and services transfers)
  • Withholding tax rates – (i) dividends – 5/10/20% (ii) interests – 12.5% (iii) royalties – 12.5%
  • Capital gains tax – rates vary in view of the type of transaction and its value.
The most important point for business is that its revenues obtained from the abroad sources are exempted from taxation. Corporate tax is not applicable in this case. Contact Prifinance lawyers to get full and detailed guidance on local taxation.

How Prifinance Specialists May Assist You

Specialists of Prifinance conduct company registration on your behalf and send documents to any part of the world by DHL mail. We offer company incorporation and bank account opening services in Panama and worldwide.


Our clients

Based on 56 reviews
powered by Google
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again