Panama

Conditions for the company suitable
for international transactions:

Legal form

Non-resident companies

Duration of establishment

5 – 7 days

Register of executives

Publicly accessible

Register of shareholders

Voluntarily accessible

Registered capital

10,000 USD

Minimum paid-up capital

1 USD

Minimum number of shareholders

1

Minimum number of executives

3

Non-residents allowed as executives / legal person

Yes / Yes

Registered agent / seat required

Yes / Yes

Local company secretary required

Yes

Local General Assembly required

No (anywhere in the world)

Submission of financial statements

No

Submission of annual reports

No

Mandatory audit

No

Required tax return

Voluntary

Taxation of income

No

Possibility to use a Double Taxation Avoidance Agreement

No