Panama Offshore Solutions
Panama: A Strategic Hub for Global Business Services
Panama holds a distinguished position as a prominent international business and financial center, well-known for its territorial tax system, strategic geographical location, and robust legal framework. It serves as an ideal jurisdiction for a wide range of international activities, from holding companies and trading operations to maritime services.
Trison PLC offers comprehensive services for company formation and financial structuring in Panama. We guide you through the process of establishing your Panamanian entity, ensuring full compliance with local regulations while maximizing the strategic advantages offered by this dynamic jurisdiction.
Why Choose Panama: Distinct Benefits for Global Ventures
Panama's appeal as an international business hub stems from its unique territorial tax system, strategic geographic position, and a long-standing history of supporting global commerce.
Its robust financial services sector and established legal framework offer a secure and efficient environment for various corporate structures, facilitating ease of international trade and investment.
Territorial Tax System
Only income generated within Panama is taxed; foreign-sourced income is exempt from local taxation.
Strategic Location
Positioned at the crossroads of major trade routes, with the Panama Canal facilitating global logistics.
High Confidentiality
Offers a high level of privacy regarding company ownership and financial information.
Flexible Corporate Laws
Modern and flexible company legislation suitable for various international business structures.
Developed Financial Sector
A robust international banking and financial services sector supporting global transactions.
Leading Shipping Registry
Home to one of the world's largest ship registries, ideal for maritime businesses.
Panama Taxation Overview: The Territorial Principle
Panama's tax system is based on the "territorial principle," meaning only income generated from sources within Panama is subject to local taxation. This makes it highly attractive for international businesses.
Income Tax on Local Source Income
Corporate and personal income tax applies only to income derived from activities conducted within Panamanian territory.
Exemption for Foreign-Sourced Income
Income generated from business activities outside Panama is generally exempt from Panamanian income tax, dividends tax, or capital gains tax.
No Withholding Tax on Foreign Dividends
Dividends distributed by Panamanian offshore companies (those with foreign-sourced income) are typically not subject to withholding tax.
Annual Franchise Tax
All Panamanian companies are required to pay an annual flat franchise tax (tasa única) to maintain their legal existence.
Accounting Records Requirement
While foreign-sourced income is exempt, all Panamanian companies must maintain accounting records and provide them to their Registered Agent.
FATF & OECD Compliance
Panama is committed to international standards on financial transparency and combating money laundering, implementing measures to adhere to FATF and OECD requirements.
*Individuals and businesses should always seek independent tax advice tailored to their specific circumstances and country of residence.
Panama Banking: Robust & Globally Connected
Panama's banking sector is well-established, offering a wide range of services from local to international banks. Trison PLC facilitates the opening of corporate bank accounts that align with your Panamanian entity's needs.
Business Activity & Profile Assessment
We analyze your business model, target markets, and banking requirements to recommend suitable banks in Panama or other international centers.
Thorough KYC & Application Support
Assist in compiling all required corporate and personal KYC documents, ensuring they meet the bank's compliance standards.
Direct Liaison & Expedited Application
Act as your primary contact with the bank, submitting your application and responding to any queries to facilitate a faster review process.
Account Activation & Ongoing Support
Guide you through the final steps for account activation, including initial funding, and provide support for online banking setup.
Our Banking Network Includes
Banco General
Banistmo
Multibank
Bladex
and other international banks...
Required Documents
A comprehensive overview of the documentation typically required for Panamanian company formation and corporate bank account opening.
For Company Formation (S.A. / Inc.)
- Certified Passport Copy (for all Directors, UBOs, Signatories)
- Certified Proof of Residential Address (Utility Bill, Bank Statement)
- Professional Reference Letter (Bank, Lawyer, Accountant)
- Detailed Business Description (nature of activities)
- Curriculum Vitae (CV) for Directors/UBOs
- Proposed Company Name(s) & Directors' Details
For Corporate Bank Account Opening
- All Company Formation Documents (Certified)
- Certificate of Incorporation & Articles of Association (Certified)
- Register of Directors & Shareholders (Certified)
- Bank Reference Letter for Shareholders/Directors
- Proof of Business Activity (e.g., contracts, invoices, website)
- Financial Projections or Bank Statements (personal/corporate)
*Panamanian banks are strict on compliance. Our team will provide thorough guidance to ensure your application is complete.
Panama Company Formation & Bank Account
Transparent pricing for establishing your Panamanian company and securing a corporate bank account.
Panama Company Formation
Comprehensive service for incorporating a Panamanian corporation.
- Company Name Search & Reservation
- Drafting & Filing of Articles of Incorporation
- Initial Public Registry Fees
- First Year Registered Agent Service
- First Year Annual Franchise Tax
- Certificate of Incorporation (apostilled)
- Due Diligence & Compliance Support
Panama Corporate Bank Account Opening
Expert assistance for securing a corporate bank account in Panama or elsewhere.
- Introduction to Suitable Banks
- Full Application & Document Preparation
- Direct Liaison with Bank Compliance Teams
- Guidance on Panama KYC/AML Requirements
- Expedited Application Process (where possible)
- Multi-currency Account Setup Support
- Post-Activation Support & Online Banking Access
*Prices do not include subsequent annual government fees, bank account maintenance fees, or notarization/apostille costs for documents. Specific bank minimum deposits apply.
Panama Legal & Regulatory Framework: A Foundation for Commerce
Panama's legal system is based on civil law principles, providing a stable and predictable environment for business, particularly its well-regarded corporate and maritime laws.
Law 32 of 1927 (Corporations Law)
The primary legislation governing the formation and operation of Panamanian corporations (Sociedad Anónima), known for its flexibility and simplicity.
Panama Public Registry
All Panamanian companies must be registered with the Public Registry, ensuring legal validity and providing public access to basic company details (but not UBOs).
Financial Analysis Unit (UAF)
The entity responsible for combating money laundering and terrorist financing, working with financial institutions to ensure compliance.
Commitment to International Standards
Panama has been implementing reforms to adhere to global standards set by organizations like the FATF and OECD on transparency and information exchange.
Frequently Asked Questions About
Find quick answers to common inquiries about Panama companies and their operations.
Panama operates on a territorial tax system, meaning only income generated from sources within Panama is subject to local taxation. Foreign-sourced income is exempt from Panamanian income tax.
The names of directors of a Panamanian corporation are publicly registered. However, the names of shareholders are generally not public, providing a level of privacy for beneficial owners.
The most common type is the Sociedad Anónima (S.A.), which is a corporation suitable for various international business activities, including holding companies and trading.
Yes, all Panamanian companies are required to pay an annual flat franchise tax (tasa única) to the Panamanian government to maintain their legal standing.
Yes, even if a company only conducts foreign-sourced business and is exempt from Panamanian income tax, it is legally required to maintain accounting records. These records must be kept at the registered agent's office or another location as notified to the registered agent.
Typically, the incorporation of a Panamanian S.A. can be completed within 3-5 business days once all required due diligence documents are provided and approved.
Yes, Panamanian companies commonly open corporate bank accounts in other international financial centers around the world, depending on their business needs and the jurisdiction's banking regulations. We assist with such introductions.
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