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Panama Company Formations

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Panama is bestknown for the Panama canal which links the Caribbean Sea to the North PacificOcean. It lies next to Costa Rica in Central America.In 2007 anexpansion of the Panama canal began and is expected to contribute significantlyto the economic growth of the country.

The population isapprox 3.5 million, the currency is US$ and the official language is Spanish, although English is widely spoken.There is norequirement to disclose the  beneficialowners.It has no doubletaxation agreement. Shelf companies are also available.

Here are some ofthe features of an Non Resident Panama  company

Minimum subscribed members one
Minimum number of directors      Three
Need for directors to be locally based     no, corporate director also available    
Company Secretary    Yes, corporate allowed
Usual  Authorised Share Capital   US$ 10,000
Paid up Share Capital requirement         US$  1
CorporationTax     NIL
Government Fee   US$  300
Accounts Required  Yes
Requirement to file accounts    No
Audit Required      No
Annual Return   No

                                                         We atRoyal Company Formations would be happy to assist you in all your Corporateneeds in Panama
 
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