PANAMANIAN OFFSHORE CORPORATIONS

Formation Costs &
Required Information

Initial Formation Fee

            For a standard Corporation, with an initial declared capital (this does not have to be paid into the Corporation) not exceeding US$ 10,000.00, and with no more than 500 shares authorized, our fee to you or your firm for formation and registration of a Panamanian Offshore Corporation is US$ 1000.00. This amount includes:

1.       Our legal fees for the formation & registration of the Corporation.  

2.       Notary and other sundry expenses such as phone, fax, courier, copies, registered translations, etc.

3.       Stock Certificates, Stock Register Ledger, & Board of Directors’ Meeting Minutes Ledger.

4.       US$ 300.00 initial Corporation registration fee (one time only).

5.       US$ 150.00 Corporation Resident Agent fee for the first year, as of the date of registration (annual fee).

6.       US$ 300.00 annual Corporation fee for the first year, as of the date of registration (annual fee).

7.       Provision of nominee Board of Directors and Officers (President, Secretary & Treasurer) for the first year from the date of registration, if requested.

            This US$ 1000.00 fee is complete and includes everything necessary to form, file, register and put into operations a fully functional, operational Corporation.   Turn around time is normally five to seven working days from our receipt of all required information, original signatures, and certified check or wire transfer.

            Additionally, and at no additional charge to you or your firm, we can provide examples of internal Bylaws, which you can then tailor to suit your client’s needs.   Finally, we can provide you or your firm with points of contact of several reputable international banks operating in Panama, if your clients wish to open up offshore bank accounts in Panama.

            Normally, our clients (attorneys and law firms) provide value added services to their clients by advising them on the specific provisions of the internal Bylaws best suited to their client’s particular needs, etc.   As such, Panamanian Offshore Corporation formation is normally billed to the end client at US$ 2,500.00 to US$ 5,000.00 per Corporation.   

            We are a reputable law firm and do not offer financial or fiduciary services, and we strongly suggest that you or your clients (or trusted fiduciaries) manage their own money.   We limit our legal interest to formation, filing and registration of Corporations, and subsequently to act as Resident Agents on behalf of the Corporation.

 

Annual Corporation Fees

     Annually, a Panamanian Corporation must pay the following fees to remain in good standing with the Panamanian Government:

·         Annual Corporate Tax:                  US$ 300.00

·         Resident Agent fees:                      US$ 150.00

·         Nominee Directors & Officers:       US$ 300.00*

* (US$ 100.00 per each position if they are provided by us)

            As Resident Agent in Panama, we will prepare and file all required annual reports and transfer annual corporate tax payments to the Government of Panama.   Government stamped copies of filings and corporate tax payments will be sent to your firm.

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            Below, you will find the link to a form to be filled out for initial filing and registration of a Corporation, along with a list of additional documents required.   Should you have any questions, or need further information, feel free to contact us at our office.

    To open a Panamanian Overseas Corporation, click on the Corporation form page.  Then, just print it out, fill it out, sign it, and fax it along with copies of other required documentation (passports, etc.) to our office.