Panama is a popular international jurisdiction and a strategic destination for company formation and ready-made shelf company acquisition. With a population of 4.4 million and ranking as Central American financial hub, Panama Canal, Panama offers a compelling business environment for both local and international entrepreneurs.
Key advantages of establishing a business in Panama include: Territorial tax system (foreign income exempt), USD economy, Private Interest Foundation (asset protection), strong banking secrecy, Panama Canal logistics hub.
| Feature | Details |
|---|---|
| Capital | Panama City |
| Currency | USD (US Dollar, alongside PAB) |
| Corporate Tax Rate | 25% (territorial system — foreign-source income exempt) |
| VAT Rate | 7% ITBMS |
| Company Types | S.A. (Corporation), SRL (LLC), Foundation (Fundación de Interés Privado) |
| Minimum Capital | USD 10,000 for S.A. (no need to pay in) |
| Formation Time | 3-5 business days |
| Major Banks | Banco General, BAC International, Banistmo (Bancolombia), Global Bank, Multibank |
ShelfCompanies24 provides comprehensive company formation and corporate services in Panama. Whether you need a ready-made shelf company for immediate business operations, a newly formed entity tailored to your specific requirements, or assistance with opening corporate bank accounts — our team of experienced specialists is here to help.
Panama stands out among business jurisdictions for several important reasons. The corporate tax rate of 25% (territorial system — foreign-source income exempt) is competitive within the region, and the available company types (S.A. (Corporation), SRL (LLC), Foundation (Fundación de Interés Privado)) provide flexibility for various business structures and investment strategies.
Company formation in Panama typically takes 3-5 business days, with minimum capital requirements of USD 10,000 for S.A. (no need to pay in). The country’s banking sector includes major institutions such as Banco General, BAC International, Banistmo (Bancolombia), Global Bank, Multibank, ensuring reliable access to financial services for your business operations.
Explore company formation and shelf company services in related jurisdictions:
In Panama you can form the following company types: S.A. (Corporation), SRL (LLC), Foundation (Fundación de Interés Privado). The most popular structure for foreign investors is the limited liability company equivalent.
The corporate tax rate in Panama is 25% (territorial system — foreign-source income exempt). The standard VAT rate is 7% ITBMS.
Company formation in Panama typically takes 3-5 business days, including registration with all relevant authorities.
The minimum share capital required in Panama is USD 10,000 for S.A. (no need to pay in).
