S.A. in Panama

In general terms, the incorporation of a Panamanian Corporation requires a formal corporate structure, resident agent and the corresponding documentation of directors, shareholders and beneficial owners. The specific structure must be reviewed according to the case and the applicable regulations.

In general terms, shareholders and directors may be foreign and may not reside in Panama. However, the required documents must be provided and the applicable due diligence, beneficial ownership and corporate maintenance obligations must be complied with.

Panamanian law does not necessarily require a minimum paid-in capital at the time of incorporation. The authorized capital and share structure must be defined according to the type of company, the client’s objectives, the intended activity and the corresponding professional recommendation.

Panama applies a territorial tax system, but the treatment of a Panamanian Corporation must be analyzed case by case according to the real source of income, the activity carried out, the tax residence of the beneficial owners and the applicable regulations. 

The timeline may vary depending on the documentation provided, signature availability, coordination with the resident agent and the corresponding registry procedures.