Panama Corporation · Sociedad Anónima · Company Formation · Registro Público

Form a Panama Corporation
in days. Fully remote.
Fixed fees.

Jurisconsultas forms your Panama Corporation (Sociedad Anónima) from start to finish — Articles of Incorporation, notarization and Public Registry filing. One of the world's most recognized corporate structures for international business, asset protection and tax planning. No need to travel to Panama.

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Law 32 of 1927
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Panama Corporation
Sociedad Anónima
Company Formation
Registered Agent
+507 6514-3637
What Is It

The Panama Corporation — a global business standard.

The Panama Corporation — formally known as Sociedad Anónima (S.A.) — is the most widely used corporate structure in Panama, governed by Law 32 of 1927, one of the most flexible corporate legislation frameworks in the world. It has been trusted by entrepreneurs, investors and multinational companies for nearly a century.

A Panama S.A. is a separate legal entity with its own rights, obligations and assets — fully independent from its shareholders and directors. It can own property, open bank accounts, enter contracts, hold shares in other companies and conduct international business, all in its own name.

Panama's territorial tax system means that income generated outside Panama is not subject to local taxation — making the Panama Corporation one of the most tax-efficient structures for international operations. Combined with privacy, speed and low maintenance costs, it remains a top choice globally.

Key Advantages

Why form a Panama Corporation.

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Territorial Taxation

Foreign-source income is not taxed in Panama. Ideal for international holding companies and global operations.

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Privacy & Confidentiality

Shareholders need not appear in public records. Nominee directors available for enhanced privacy.

Fast Formation

A Panama Corporation can be incorporated in days once all information is provided. Remote process — no travel required.

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International Recognition

The Panama S.A. is recognized in over 140 countries. One of the most established offshore corporate structures in the world.

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Flexible Management

No residency requirements for directors or shareholders. Bearer shares have been eliminated — all shares are registered.

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USD Economy

Panama uses the US dollar as its official currency. No currency risk for US-dollar denominated operations and assets.

Corporate Structure

The key elements of a Panama Corporation.

Every Panama S.A. has the same foundational structure required by Law 32 of 1927. Understanding these elements helps you make informed decisions when forming your corporation.

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Articles of Incorporation

The Pacto Social (Articles of Incorporation) is the founding document of the corporation. It establishes the company name, purpose, capital structure, directors and governance rules. Jurisconsultas drafts this document on your behalf.

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Board of Directors

A minimum of three directors is required (individuals or one legal entity). Directors can be of any nationality with no residency requirement in Panama. Nominee directors are available for clients who prefer privacy.

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Registered Agent

Every Panama Corporation must have a registered agent — a qualified Panamanian attorney or law firm — as its official point of contact with the Panamanian state. Jurisconsultas provides registered agent services.

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Officers (Dignatarios)

The corporation must designate a President, Secretary and Treasurer. These roles can be held by the same person and do not need to be Panamanian residents. They can overlap with the board of directors.

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Share Capital

No minimum capital requirement. The standard structure uses registered shares (bearer shares were eliminated in 2015). Shares can be issued in any currency and in multiple classes with different voting and economic rights.

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Annual Franchise Tax

Panama Corporations pay an annual franchise tax of $300 USD to maintain good standing. This is due each year and is separate from the registered agent fee. Late payment incurs penalties.

Formation Process

How we form your Panama Corporation.

Our formation process is straightforward and fully remote. Once you provide the required information, we handle everything through registration at the Public Registry of Panama.

1

Name & Information

Provide your preferred company name and director/officer details. We verify name availability at the Public Registry.

2

Draft & Notarize

We draft the Articles of Incorporation and have them notarized by a Panamanian notary public — all handled remotely.

3

Public Registry Filing

We file and register your corporation at Panama's Public Registry. Once registered, your S.A. is a recognized legal entity.

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Documents Delivered

You receive the registered Articles of Incorporation, share certificates and corporate books — ready to operate.

Timeline: A Panama Corporation can typically be incorporated within 5 to 10 business days from the date all required information is submitted. Rush incorporation may be available upon request.

Common Uses

What a Panama Corporation is used for.

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International Business Operations

Conduct international trade, services and business operations under a stable, recognized legal entity with Panama's territorial tax advantages for foreign-source income.

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Holding Company Structure

Use a Panama S.A. as a holding company to own shares in other corporations, investments, bank accounts or real estate across multiple jurisdictions.

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Real Estate Ownership

Own Panamanian or international real estate through a corporation for privacy, simplified transfer of ownership and protection from personal liabilities and claims.

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Asset Protection

Separate personal assets from business liabilities. Corporate assets are shielded from personal creditors of shareholders, providing a legal layer of protection.

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Investment Vehicle

Use a Panama S.A. as a vehicle for investments — stocks, bonds, funds and financial instruments — benefiting from Panama's tax-neutral treatment of foreign-source investment income.

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Privacy Structure

Maintain confidentiality of ownership through nominee directors and registered shares. Beneficial ownership information is maintained privately, compliant with current Panama regulations.

Frequently Asked Questions

Questions about Panama Corporations.

Common questions from our international clients about forming a Panama Corporation.

What is a Panama Corporation (Sociedad Anónima)?
A Panama Corporation — formally called Sociedad Anónima (S.A.) — is a legal entity incorporated under Panama's Law 32 of 1927. It is a separate legal person with its own assets, rights and obligations, independent from its shareholders and directors. It can own property, open bank accounts, enter contracts and conduct business globally. The Panama S.A. is one of the most internationally recognized offshore corporate structures.
How long does it take to form a Panama Corporation?
A Panama Corporation can typically be incorporated within 5 to 10 business days from the date all required information and documentation is submitted. The process involves drafting the Articles of Incorporation, notarization and filing at Panama's Public Registry. Rush processing may be available.
Do I need to travel to Panama to form a corporation?
No. The entire Panama Corporation formation process can be completed remotely. You provide the required information digitally, and Jurisconsultas handles all notarization, filing and registration in Panama on your behalf through powers of attorney. Most of our international clients have never visited our office.
What are the tax advantages of a Panama Corporation?
Panama applies a territorial tax system: income generated outside Panama is not subject to Panamanian income tax, regardless of its nature. A Panama S.A. that conducts its business and earns income exclusively outside Panama pays no local income tax on that revenue. Income from Panamanian sources is subject to local tax rates. This makes Panama Corporations highly efficient for international business and holding structures.
What is the minimum capital requirement for a Panama Corporation?
There is no minimum capital requirement for a Panama Corporation. The standard authorized capital is typically set at $10,000 USD for tax purposes, but there is no obligation to pay in or deposit any capital as a prerequisite for incorporation. Capital can be structured in any currency and in multiple share classes.
Who can be a director of a Panama Corporation?
Directors of a Panama S.A. can be individuals or legal entities of any nationality, with no residency requirement in Panama. A minimum of three individual directors is required (or one legal entity). Nominee directors are available for clients who prefer privacy — Jurisconsultas can arrange this service.
What is the annual cost to maintain a Panama Corporation?
The main annual costs to maintain a Panama Corporation in good standing are: (1) the annual franchise tax of $300 USD payable to Panama's Public Registry, and (2) the annual registered agent fee. Late payment of the franchise tax incurs penalties. Contact us for a full cost breakdown including our registered agent service.
Can a Panama Corporation open a bank account?
Yes. A Panama Corporation can open corporate bank accounts at Panamanian banks or at international banks in other jurisdictions. Panama has a robust banking sector with over 60 licensed banks. Opening a corporate account has become more document-intensive due to international compliance requirements — our team can advise on the best approach for your specific corporate structure.
Panama Corporation

Everything you need to know about Panama Corporations

The Panama Corporation (Sociedad Anónima) is governed by Law 32 of 1927 and registered at Panama's Public Registry (Registro Público). Every Panama S.A. must have at least three directors, a registered agent and officers (President, Secretary and Treasurer). There is no minimum capital requirement and no residency requirements for any corporate position.

Panama's corporate law is intentionally flexible to attract international business. The Panama S.A. can be structured with multiple classes of shares, variable capital, nominee arrangements and comprehensive governance rules — all tailored to the specific needs of the founder and shareholders.

Panama Offshore Company Formation

When people refer to a Panama offshore company, they typically mean a Panama S.A. used for international business outside Panama. The territorial tax system means these companies pay no Panamanian income tax on foreign-source revenue. Combined with the country's political stability, dollarized economy and strong legal framework, Panama remains a top offshore jurisdiction.

Panama Holding Company

The Panama holding company structure — using a Panama S.A. to own shares in other entities — is widely used by international groups to consolidate ownership, simplify corporate governance and benefit from Panama's tax-neutral treatment of dividend income and capital gains from foreign sources.

Incorporate in Panama

How to incorporate a company in Panama

To incorporate a company in Panama, the process involves: (1) selecting a unique company name, (2) appointing directors and officers, (3) drafting and notarizing the Articles of Incorporation, and (4) filing at Panama's Public Registry. The entire process is managed by Jurisconsultas on your behalf — remotely, in English, with fixed fees.

Compared to other jurisdictions, Panama company formation is fast, cost-effective and operationally straightforward. There are no complex ongoing compliance requirements for companies that operate exclusively outside Panama, making it one of the easiest offshore structures to maintain.

Open a Company in Panama as a Foreigner

Foreigners can open a company in Panama without any restrictions. There is no requirement to be a Panamanian citizen or resident to be a shareholder, director or officer of a Panama Corporation. The process is entirely remote — you never need to visit Panama.

Panama Corporation vs. Panama LLC

Panama offers both the Sociedad Anónima (S.A.) and the Sociedad de Responsabilidad Limitada (S.R.L.), similar to an LLC. The S.A. is preferred for international use due to its broader recognition, share-based structure and greater flexibility. The S.R.L. is typically used for smaller, closely held domestic businesses. Jurisconsultas advises on the optimal structure for your specific situation.

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Office — Panama CityTorre Banesco, Floor 19 · My Business Spaces · Panama City, Panama
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