There are no limitations applicable to an offshore company. Nevertheless, should a company decide to do business in Panama, it will be subject to pay tax on all its local profits. Shares to bearer must be kept deposited with a bank or local law firm licensed to this end.
To form your own company, you must provide us, via fax or e-mail, with the following information:
The client must provide us with at least two alternative names, in the event one of the names is not available.
The name of the company may be in any language and must end in the word, "Corporation", "Incorporated", "Société Anonyme" or "Sociedad Anonima", or the abbreviations, Corp". , "Inc"., or "S.A.".
The words "Assurance", "Bank", "Insurance", "Trust", “Finance” or any word conveying a similar meaning, cannot be used to form an offshore company. Moreover, any name identical or similar to that of a company already existing cannot be used.
The client should provide the names and addresses of the directors.
Under the same charge you may choose to have the Articles of Incorporation establish that the President of the company or any other officer be granted a general power of attorney to bind the company with his sole signature. You should advise us of this selection.
With the above instructions we shall proceed to incorporate the company using our Standard Articles of Incorporation, which allows the client to carry on any and all type of business.
The company is registered two days after we receive your instructions.
There are some special clauses which may be added to the Articles of Incorporation upon your instructions. Adding one or more special clauses will increase the cost of incorporation. You may ask for our list of special clauses should you choose to amend our Standard Articles of Incorporation to fit your needs.