Incorporation
Register your Panama Company with Skala
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British Virgin Islands
United Arab Emirates
Panama
from $2,900
US LLC
US C-CORP
100+ international and US teams launched their startups with the help of our team
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Learn morePanama Taxation
Annual Franchise Tax
$300
Corporate Income Tax
None for foreign-sourced income
Capital Gains Tax
None
Withholding Tax
None on dividends, interest, royalties, or other payments to foreign shareholders
Reporting and Filing
Minimal, no annual tax return or financial statement filing required
Sales Tax/VAT
None
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.
Annual Franchise Tax
$300
Corporate Income Tax
None for foreign-sourced income
Capital Gains Tax
None
Withholding Tax
None on dividends, interest, royalties, or other payments to foreign shareholders
Reporting and Filing
Minimal, no annual tax return or financial statement filing required
Sales Tax/VAT
None
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.
Formation Timeline
Onboarding
Fill out the questionnaire with the company details: name, contact details, management, etc.
Day 1
KYC & Company Incorporation
We’ll file the KYC documents and company application to the Panama Company Registry.
Day 2
Corporate Documents
We’ll upload corporate documents to the company dashboard.
Day 14
Pricing
What’s Included
Government Fees
Nominee Director
$450 / Director
Signatory Nominee Director
$2,000
Power of Attorney
$500
Free for everyone
Team
Fundraising
Legal Templates
Marketplace
Featured Posts
US Law
Who Is Who in a Delaware C-Corp
CEO, CFO, Treasurer, Secretary… If all these words make you worry about future hires, or confuse you in any other way, this article will serve as a helpful reference to remember who is who.
Evgeny Krasnov
September 14, 2022
US Law
Who Is Who in a Delaware C-Corp
CEO, CFO, Treasurer, Secretary… If all these words make you worry about future hires, or confuse you in any other way, this article will serve as a helpful reference to remember who is who.
Evgeny Krasnov
September 14, 2022
US Law
Who Is Who in a Delaware C-Corp
CEO, CFO, Treasurer, Secretary… If all these words make you worry about future hires, or confuse you in any other way, this article will serve as a helpful reference to remember who is who.
Evgeny Krasnov
September 14, 2022
US Law
Who Is Who in a Delaware C-Corp
CEO, CFO, Treasurer, Secretary… If all these words make you worry about future hires, or confuse you in any other way, this article will serve as a helpful reference to remember who is who.
Evgeny Krasnov
September 14, 2022
FAQ
What are the annual maintenance costs?
The annual maintenance costs may vary depending on your particular business operations. However, the usual annual cost breakdown is as follows:
- $350 Registered Legal Address
- $500 Registered Agent
- $300 Annual Government Fee
- $250 Compliance/Reporting Fee
- $450 Non-signatory Nominee Director, if applicable
- $2,000 Signatory Nominee Director, if applicable
- $500 Power of Attorney, if applicable
Is information about the Panama companies and their owners private?
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.
Do I need a local director in Panama?
No, a local director is not required in Panama. However, under Panama law, your company must have at least 3 directors. If you are unable to fill the directorship positions with the company's founders, you will need to retain nominee directors.
What documents are required to set up a Panama company?
To set up a Panama company, you’ll need to provide the following documents for every shareholder and director of the company:
- a passport copy
- a copy of the second ID (e.g., drivers license or residence permit)
- a copy of the document confirming the residential address (utility bill, bank statement, or rental agreement) issued not later than 90 days prior to the company incorporation date
- affidavit or taxpayer certificate
- professional reference letter from a lawyer or accountant
Do I need to have a physical office in Panama?
No, you do not need a physical office in Panama to incorporate a company. However, your company must have a registered office address in Panama, which will be provided by a local registered agent. This address is used for official correspondence and legal requirements.
