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Panamá Legal Lab: Consulting in Public Limited Company
At Panama Legal Lab, we have attorneys who specialize in the incorporation, maintenance, and legal compliance of corporations in Panama. Our team advises you on how to take advantage of tax benefits, ensure confidentiality, and comply with all legal obligations safely and efficiently.
What is an PLC?
What is an PLC?
A Public Limited Company (PLC) is a commercial entity with capital divided into registered or bearer shares. The partners have limited liability, and its main regulation in Panama comes from Law 32 of 1927, which makes it a very attractive structure for domestic and foreign investors, especially in offshore schemes.
Advantages of a PLC in Panama
Advantages of a PLC in Panama
Confidentiality
Criteria for protecting the identity of shareholders and directors.
Tax Benefits
Tax exemption on income generated outside Panama.
Flexibility
Fewer restrictions on the management and operation of the company.
International Opening
Fewer restrictions on the management and operation of the company.
Unique Features
Unique Features
Nominal Directors
Nominal Directors
Possibility of maintaining anonymity in public records.
Bearer and Registered Shares
Bearer and Registered Shares
Greater privacy in ownership, as they are easily transferable.
No residency required
No residency required
Neither shareholders nor directors should reside in Panama.
Requirements and Obligations
Requirements and Obligations
Although corporations offer many advantages, they must also comply with certain rules:
Keep up-to-date accounting records, even without operations in Panama.
In some cases, submit annual financial reports.
Comply with local regulations to maintain your legal status.
FAQs Public Limited Company
FAQs Public Limited Company
How many people are needed to form a corporation in Panama?
How many people are needed to form a corporation in Panama?
At least two individuals or legal entities are required, comprising the subscriber and a resident agent (lawyer or law firm). Shareholders may be one or more individuals or legal entities.
Is it necessary for shareholders or directors to be residents of Panama?
Is it necessary for shareholders or directors to be residents of Panama?
No. The law allows both shareholders and directors to be of any nationality or not reside in Panama.
What is the minimum capital required to form a corporation?
What is the minimum capital required to form a corporation?
The law does not require a minimum paid-in capital at the time of incorporation, although it is most common to set an authorized capital of USD $10,000 divided into shares.
What are the tax advantages of a corporation in Panama?
What are the tax advantages of a corporation in Panama?
Companies are only taxed on income generated within the Republic of Panama. Income earned outside the country is exempt from tax.
How long does it take to set up a corporation?
How long does it take to set up a corporation?
With all documentation in order, the incorporation process can be completed in 3 to 5 business days.
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