Offshore company in Panama

Michał Gawlak

Michał Gawlak

Partner / Attorney-at-law

General information

  • 0%
    Tax rate
  • 5-7 days
    Time of establishment of the company
  • None
    Minimum capital

Panama is located 2 hours flight time with Miami and is famous for the canal connecting both Americas. For a long time it has been a highly valued place for the establishment of foreign companies. In Europe, however, a little less, because Panama is still not widely known in financial terms, probably because of the long distance and language barrier.

Panama is an international centre because of its location, but also retains its popularity as an international offshore jurisdiction. Since the 1980s, Panama has attracted a growing number of companies operating on the international market in various industries. These companies have decided to relocate to Panama because of the many benefits Panama offers to non-residents. Panama and more than 50000 registered companies.

Panama allows the incorporation of companies with a nominee director, which guarantees anonymity in the public register. The shares of the Panama-based company are bearer shares, thus guaranteeing the anonymity of the shareholders.

What to keep in mind

This jurisdiction will correspond to companies operating in industries such as import/export, oil trade, offshore, mining, transport and rental of all types of ships and aircraft.

Type of the company

IBC – International Business Company – is usually established in Panama. You can also use the abbreviation LTD if you want to stick to the English version.

Company registration procedure

Registration of the company:

  • Checking the availability of the company name,
  • Preparation of the articles of association and the company’s statute,
  • Submission of documents to the Public Register of Panama.


No restrictions on the number of shareholders, however, a minimum of one shareholder is required to establish a company. Foreign shareholders and nominated service are allowed.

Management Board:

The Management Board requires the appointment of 3 directors, who may be both natural persons and legal entities.

Registered office:

The company must have a registered address in the territory of Panama, which will appear on the company documents and postal data of the company. It is possible to use the services of a virtual office with a dedicated telephone number.

Time to set up a company:

The time of establishing a company is about 5 days.

Minimum capital:

No minimum capital required.

Taxes and finances

The tax in Panama is 0% for companies which do not conduct business locally. There is no control over foreign exchange turnover, local taxes or VAT. Invoices for services therefore do not include any tax.


Accounting is not obligatory in Panama due to non-taxation. However, the bank where the account has been opened may in some cases require transactional documentation, including e.g. an invoice explaining the turnover of the account.

Other information

Bank account

Your company will have a multi-currency bank account with Internet access to your account, VISA or ATM MasterCard card (you can obtain several cards). Obtaining an additional, anonymous VISA card is done on demand, and the bank where the company’s account was created is responsible for it.


A company registered in the company is obliged to extend its activity every year, which involves, for example, the payment of stamp duty and the re-establishment of the company’s governing bodies.

Final remarks

We stipulate that the last requirement is the legality of the company’s operations both in Panama and in the country in which it will operate. The creation of a foreign company should not and must not be used to legitimise illegal activities. The regulatory authorities in Panama do not allow financial activities, banking, betting, online gambling and insurance without a licence.

Do you want to establish an offshore company in Panama?



Contact us by filling out the form at the bottom of the page.
Remember, the more information you provide us at the beginning of cooperation, the sooner we will be able to prepare an offer for you. If we deem it necessary due to the scope of the inquiry, we will offer you a paid consultation aimed at preparing an offer for you with elements of tax planning.



Choose the payment method – we accept transfers and payment by credit / debit card and blik.

The stage of collecting information necessary to establish a company

The stage of collecting information necessary to establish a company

After accepting our offer, we will send you a list of information and documents that we will need to establish a company for you quickly and efficiently. At this stage, our specialists will provide you with professional advice and experience enabling you to efficiently collect the required documents and information.

Receipt of company documents

Receipt of company documents

After registering the company, we will inform you about obtaining the documents – we can send them to you by courier, or arrange their collection at the office. If you have chosen the service of opening a bank account that requires personal appearance, our specialist will provide you with the company’s documents when assisting you in opening a bank account.

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Michał Gawlak

Michał Gawlak

Partner / Attorney-at-law

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    The purpose of establishing the company
    Initial consultation including structure optimization
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