Panama companies are favored by the crypto community because of Panama’s light regulatory approach. These are the cases founders bring to us.
The main tax and reporting requirements that apply to a Panama company.
Skala does not provide tax, legal, or accounting advice. This table has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors.
Three steps from your questionnaire to corporate documents on the dashboard.
What the incorporation fee covers, and what is quoted separately.
Quoted on top of the incorporation fee.
What it costs to keep a Panama company running after the first year. Costs may vary depending on your particular business operations.
Legal tasks were always a distraction and something we'd put off until they became urgent. Now with Skala, everything runs seamlessly in the background, so we can focus on what actually matters.
Choosing the right jurisdiction for a startup is still a challenge. Skala provides much-needed clarity in this process.
We used Skala for our seed fundraising and had a great experience. The platform offers a variety of fundraising instruments and provides flexibility in structuring investment rounds.
Skala is building the much-needed legal infrastructure for the crypto economy. We use their platform to manage our entities and access experienced crypto lawyers.
To set up a Panama company, you'll need to provide the following documents for every shareholder and director of the company:
Panama law requires at least 3 directors, but there is no requirement for them to be Panamanian. You can appoint your own directors or use nominee directors; nominees are typically Panamanian passport holders.
No, you do not need a physical office in Panama to incorporate a company. However, your company must have a registered legal address in Panama, which will be provided by a local registered agent. This address is used for official correspondence and legal requirements.
Yes, information about Panama companies and their owners is generally private. Panama does not require public disclosure of beneficial ownership, and ownership details are not accessible to the public. However, under international regulations and agreements, Panama may share this information with relevant authorities in certain circumstances.
The annual maintenance costs may vary depending on your particular business operations. The usual annual cost breakdown covers the registered legal address, the registered agent, the annual government fee, a compliance/reporting fee, an annual renewal fee and an annual report fee, plus nominee directors if applicable. Every amount is listed under Annual maintenance.