Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Company Formation Panama

127 views

Published on

Establishing a company in Panama is the first step in beginning commercial operations in the region. As many foreign businesses are aware, Panama offers a great jurisdiction for business large and small. The region has an attractive fiscal system, free trade zones and thriving service sector. Additionally, the strategic importance of the Panama Canal cannot be overlooked. These factors create the ideal conditions to form a corporation. It is no surprise that Panama is the registered domicile for over 500,000 corporations.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Company Formation Panama

  1. 1. How to Form a Company in Panama? www.bizlatinhub.com
  2. 2. Why Incorporate a Company in Panama? Exciting Business Opportunities Political and Economic Stability Low Value-Added Tax (VAT) Access to global markets Strong GDP growth
  3. 3. Types of Legal Entities Corporation Limited Liability Company Private Interest Foundation Civil Partnership The majority of companies that are set up in Panama are Corporations (Sociedad Anónima – S.A.). This presentation will outline the process of forming a Panamanian Corporation.
  4. 4. Fact Sheet S.A. Yes Is foreign ownership allowed? Yes Can the company sponsor foreign employees? No Are there capital controls? 6 - 8 weeks once all documentation is received How long does it take? (including bank account) No Is there a minimum share capital? 1 Shareholder What is the minimum number of shareholders? Yes Are a fiscal address and legal representation required?
  5. 5. How to do it. In order to successfully form your company, you will have to follow the steps outlined in this presentation. There are 6 main steps involved in this process.
  6. 6. Step 1 A POA is a legal document that enables Biz Latin Hub to form the company on your behalf. Draft and Sign a Power of Attorney (POA)
  7. 7. Step 2 The company bylaws define a company’s purpose and how it will operate. Create the Company Bylaws
  8. 8. Step 3 Before all required local, state and national authorities. Register the Company
  9. 9. Step 4 The commercial license outlines the company’s activities. Obtain the Commercial License
  10. 10. Step 5 Register with the national tax authority and obtain the company ID number (RUC) and tax ID number (NIT). Obtain the Company and Tax ID number
  11. 11. Step 6 You will have to open a corporate bank account and deposit the required capital to activate it. Open and Activate a Corporate Bank Account
  12. 12. Biz Latin Hub is a market leader in helping individuals and companies to successfully do business globally and has multilingual services that are reliable, tailored and responsive. Our group is owned and managed by an experienced team of local and expat professionals, dedicated to assisting our clients to navigate their way through the complexities of the global business environment. We can help!
  13. 13. See how our services can support your global expansion. Legal Services Commercial Representation Immigration
  14. 14. Are you ready to expand globally? Contact us now. contact@bizlatinhub.com www.bizlatinhub.com

×