Panama Offshore Company Formation - Requirements

• DIRECTOR: A minimum of three Directors is necessary. Corporations are allowed to be appointed as Directors. The board of directors normally are nominated for the positions of: President, Director, Treasurer.
• SECRETARY: A Secretary is necessary.
• SHAREHOLDER: A minimum of two Shareholders is necessary at the moment of incorporation, after incorporation only one ongoing shareholder is necessary. Corporations are also allowed to be appointed as Shareholders.
• SHARES & CAPITAL: The standard share capital is USD 10,000.00 divided into 100 shares of USD 100.00 each. Shares can be issued with or without par value. Bearer shares are permitted.
• NAME OF THE COMPANY: Must end with one of the following suffixes: Limited or Ltd.; Corporation or Corp.; Incorporated or Inc.; Sociedad Anonima or S.A.

Other Information About Panama Offshore Companies

• Status of the company: Panamanian Corporation IBC.
• Incorporation of Panama company takes 48-72 hours.
• Incomes generated by a Panama Corporation outside of Panama are tax exempted.
• There is no requirement for filing annual returns or audited financial statements.
• The Panama incorporation documents carry the names of the subscriber shareholders and directors. Only directors names appear on the public record.
• The object of the Company is to engage in any act or activity that is not prohibited under any law. A Panama Corporation can do business within Panama but it will be taxed on the profit from these activities. No tax on doing business outside of Panama by Panamanian Corporations.

Panama Incorporation Package Includes

• Certificate of Incorporation,
• Memorandum and Articles of Association,
• Appointment of the First Director,
• Registered Office service to December following incorporation,
• Registered Agent service to December following incorporation,
• First year Government fees,
• Share certificates,
• The complete corporate package is delivered by express courier.