Launch Your Business in Panama,
Latin America’s Financial Heart
Foreigner-friendly Panama incorporation services
Local & international banks in Panama
Equipped with favourable taxes, privacy, & more!
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Launch Your Business in Panama,
Why Panama Incorporation ?
| Startup US$ 3,9001st Year Setup |
| What do I get?  Panama company setup
 Bank account opening
 Nominee directors & shareholders add-on
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| Renewal US$ 1,9002nd Year Onwards |
| What do I get?  Annual company renewal
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| Accounting US$ 1,500Annual Compliance |
| What do I get?  Statutory accounting
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Your startup essentials to scale & succeed
Start smarter, not harder with these Panama business incorporation basics.
National Language
& Official Currency
& Official Currency
- The official language spoken in Panama is Spanish.
- Panama’s official currency is the Panamanian Balboa (PAB).
Basic Requirements
& Process Time
& Process Time
Registered Address
& Registered Agent
& Registered Agent
Panama
Accounting & Tax
Accounting & Tax
Panama
Banking
Banking
Steps of all-in-one company formation in Panama
Keep it smooth sailing with these 4 easy steps to incorporate in Panama.
 Select an exclusive name for your company, and as part of our Panama business registration services, we will perform a complimentary availability check in the Public Registry of Panama. 1 FREE company |  |  We will collect all necessary paperwork and prepare a complete set of Panama business incorporation documents for your signature. 2 Sign incorporation |  |  We will submit your application to the Panamanian Public Registry to finalise your Panama company incorporation and obtain the Certificate of Incorporation. We will also secure tax identification numbers for your company and its employees, essential for tax compliance and official transactions in Panama. 3 Obtain tax |  |  Almost there! Upon completion of your Panama incorporation, proceed to open a business account with our network of trusted local and international banks, including Banco General, Banistmo, Caja de Ahorros, HSBC, Citibank, or Scotiabank. Please note a capital deposit is required for the bank account. 4 Open a Panama |
Why incorporate in Panama?
Unlock limitless possibilities in Panama’s thriving economic ecosystem.
Pro-Entrepreneurship
Its entrepreneurial-centric approach creates a business-friendly environment with streamlined regulations, ample funding, and simplified registration steps.
Global Gateway
By acting as a bridge between North and South America, the region’s strategic location empowers international trade through seamless business connectivity.
Attractive Startup Hub
Panama fosters the potential of startups through key factors such as political stability, a transparent legal framework, and a reliable banking system.
Low Tax Burden
In order to boost global trade and foster business growth, Panama’s Government operates various free trade zones and offers tax incentives to specific sectors.
Versatile Workforce
Panama’s workforce, with its educated and multilingual professionals, provides a versatile talent pool to meet the varying needs of startups and SMEs.
Diverse Capital Funding
Panama’s financial landscape links startups to various investment channels – local banks, venture capital firms, angel investors, and global financial institutions.
You can ask us anything
We got you covered with our most frequently asked questions about Panama incorporation.
01 | Can a non-resident engage in Panama company incorporation?
Yes, non-residents can definitely form a company in Panama. The country welcomes foreign entrepreneurs and has no restrictions on nationality or residency for Panama company formation. You can establish a company in the region as a non-resident and conduct business internationally. Note that meeting specific legal and accounting requirements is important, and it is advisable to seek assistance from Panama company incorporation experts to navigate the process smoothly.
02 | What are the requirements and procedures for foreign businesses to incorporate in Panama?
Panama business incorporation for a non-resident involves several key steps. Firstly, a local registered agent who serves as the official representative and maintains a legal address in Panama must be appointed. Notably, the company needs to have a minimum of 3 directors and at least 1 shareholder, who may also function as a director.
The process of incorporation does not mandate a specific minimum capital requirement. Shareholders are free to set the authorized capital at a value they deem appropriate.
In instances where the company’s documents are prepared in a language other than Spanish, they must be translated by a certified translator. Furthermore, if any documents are issued outside Panama, they may necessitate notarization and an apostille.
During the first year of operation, the company must also set up its accounting system in compliance with the Panamanian laws. This involves maintaining accurate and complete records of all financial transactions, and these records must be kept for at least 7 years. Regular audits may also be required, depending on the size and nature of the business.
Keep in mind that foreign businesses incorporated in Panama are subject to certain tax obligations. This includes the corporate income tax, which applies to income sourced from Panama. It is highly recommended to engage the services of tax professionals to ensure full compliance with Panamanian tax laws, especially during the crucial first year of business. To receive further guidance, please feel free to email us here.
03 | What are the different types of companies that foreigners can start in Panama?
Foreigners interested in incorporating in Panama have several options to choose from :
- Corporation (Sociedad Anónima) – This type of company requires a minimum of two shareholders and a minimum authorized capital of US$10,000.
- Limited Liability Company (Sociedad de Responsabilidad Limitada) – For this type of company, a minimum of two members is required, and there is no minimum capital requirement.
- Partnership (Sociedad en Comandita) – There are two variations of partnerships available: general partnership (Sociedad en Comandita Simple) and limited partnership (Sociedad en Comandita por Acciones).
- Branch Office – A branch office allows a foreign company to establish a presence in Panama.
04 | Which banks are suitable for a company registered in Panama?
The country boasts a robust banking sector, with esteemed local banks such as Banco General, Banistmo, and Caja de Ahorros. These banks offer a wide range of banking services and account options to cater to diverse business needs. Furthermore, alongside the local options, international banks like HSBC, Citibank, and Scotiabank have a presence in Panama. These global banks specialize in tailored services specifically designed for offshore banking, wealth management, and facilitating international transactions.
05 | What is the process for opening a bank account in Panama?
To open a bank account in Panama, begin by researching and selecting a suitable bank based on factors such as reputation, services, fees, and accessibility. For relevant bank recommendations tailored to your company background, consider consulting with an experienced service provider like AsiaBC.
Next, gather the required documents, including a valid passport, proof of address, and relevant business documents if applicable. During the due diligence process, be prepared to provide detailed information about the source of funds, business activities, and beneficial ownership by completing forms and questionnaires.
Once your application is approved, make an initial deposit to activate the account. The minimum deposit amount varies depending on the bank and account type.
Should you require in-depth advice and individualized support based on your specific circumstances, please feel free to contact our team of consultants at AsiaBC here. We are dedicated to providing you with the best-fitting information and comprehensive assistance.
06 | What makes Panama an attractive destination for startups?
Panama, located in Central America, offers a favorable business environment and boasts a stable economy, making it a compelling option for startup businesses. Additionally, the country grants advantages such as access to a well-established banking sector, favorable tax policies, reliable infrastructure with a civil law legal system, a skilled workforce, and a dynamic marketplace, contributing to ease of doing business and long-term growth potential through Panama company incorporation.
07 | How does Panama’s economy perform, and which sectors contribute to its growth?
Panama has consistently achieved strong economic growth, averaging around 5% per year over the past decade. Despite global challenges, the country’s GDP reached $67.08 billion in 2021, demonstrating its resilience and promising prospects for businesses. Panama’s economic growth is driven by key sectors, namely services, logistics, tourism, finance, and renewable energy. These sectors present opportunities for innovation, investment, and market expansion, making Panama an attractive destination for entrepreneurs considering Panama business incorporation.
08 | Why has Panama become an appealing financial centre in Latin America?
Panama offers several factors that contribute to its appeal as a financial centre that attracts entrepreneurs to incorporate in Panama :
- Robust Banking Sector – Panama has a well-regulated banking sector that provides a broad spectrum of services, including corporate banking, private banking, and wealth management.
- Offshore Services and Wealth Management – Panama is renowned for its offshore services, offering asset protection, tax planning, and wealth preservation opportunities.
- International Business and Trade Financing – Panama facilitates international business and trade financing, providing services such as letters of credit and trade finance.
- Regional Headquarters and Holding Companies – Many multinational corporations choose Panama as their regional headquarters or establish holding companies due to its favorable tax regime, legal framework, and strategic location.
- Capital Market Development – Panama has a well-developed capital market supported by the Panama Stock Exchange (BVP), allowing companies to raise capital through IPOs and secondary market trading.
- International Financial Services – Panama offers an extensive array of international financial services, covering asset management, trust services, insurance, brokerage, and investment advisory.
- Regulatory Framework and Compliance Standards – Panama has implemented solid regulatory frameworks and compliance standards, adhering to international AML and KYC regulations.
Why choose AsiaBC for your Panama incorporation services?
Experience hassle-free Panama company incorporation with our all-in-one powerhouse corporate solutions.
1Solid Global Partners
AsiaBC’s extensive incorporation experience of over 13 years has successfully served 3,000+ clients and established strong connections with global networks.
2Client-Centric Focus
Our proactive team of specialists prioritises ongoing and open communication to ensure you stay fully informed about the progress of your application at all times.
3One-Stop Boost
With our comprehensive range of services, you can leave all the details to us from start to finish while you concentrate on what matters most – growing your business.
4Reliable Experts
From Panama business incorporation to opening bank accounts, our seasoned specialists deliver exceptional results backed by their extensive expertise and professionalism.
5Clear-cut Pricing
Immerse yourself in our premium service, marked by transparent operations. Our Panama business registration service fees are affordable and free from any hidden charges.
624/7 Customer Care
With our 24/7 customer care, you can rely on prompt guidance whenever needed, resulting in a responsive experience both before and after your engagement with us.
Other services we excel at
Elevate your business to new heights with our diverse add-ons and integrated enhancements.
Full-Service Hong Kong
Business Registration
Supercharge your business growth without leaving your home country. Remotely establish your Hong Kong company from any corner of the globe and gain instant access to a digital banking account for convenient international transactions. What’s more, enhance your corporate image with a prestigious Admiralty registered office address in the CBD, already included in our package.
Fluidly embark on an exhilarating, borderless entrepreneurial journey in the world’s most thriving financial centre with unparalleled economic growth. Register here now and save US$120 instantly by PayPal!
 Director, Tortoise Bay Capital Advisory Ltd  Donald Lemon  Founder, Success Mcmoore PVT Ltd  Meri Meii Nuraeni |
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