The Panama Corporate System represents one of the most advanced and advantageous structures for businesses globally. Businesses in Panama find a highly favorable environment thanks to the combination of political stability, tax incentives and access to international markets.

Panama's Corporate System is designed to attract investors and entrepreneurs from around the world. Investing in Panama is synonymous with efficiency and opportunity, thanks to the possibility of creating companies in Panama with unparalleled ease and speed. Multinationals in Panama benefit from transparent and flexible legislation, ideal for optimizing their presence in Latin America.

Businesses in Panama enjoy numerous advantages, including:

• Zero Taxation on Foreign Income : One of the main attractions of the Panamanian Corporate System is the territorial taxation which exempts from paying taxes on foreign source income.
• Ease of incorporation : Setting up companies in Panama takes less than a week, you can open SA (Sociedad Anonima), SDRL (Sociedad De Responsabilidad Limitada).
•  Advanced Infrastructure : Multinationals in Panama can take advantage of a international banking system .

Panama's Corporate System is designed to attract capital to Panama , thanks to favorable legislation and incentives for foreign investors. For those looking to invest in Panama , the country offers one of the most dynamic and growing economies in the region, with a stable GDP and a rapidly expanding logistics sector.

Thanks to its geographic location, Panama is the ideal location for multinationals wishing to operate in Latin America. The Panamanian corporate system, also known as the financial center of Panama, facilitates the management of international operations, offering state-of-the-art infrastructure and global logistics connections.

Panama's corporate system represents a strategic choice for those wishing to invest in Panama and launch successful businesses. Through its advantageous tax model and favorable environment, Panama continues to attract capital, consolidating its position as a regional leader for multinationals and companies of all sizes.

Manage a company in Panama anonymous

Opening a company in Panama is certainly a decision that facilitates international business. Opening a company in Panama allows you to legally evade taxes and legally operate offshore accounts when the income is from foreign sources. While it is not illegal to open a company in Panama, like any other instrument, its improper use is illegal, such as tax evasion or failure to declare it to the tax authorities of your country, if and when there is clear evidence that the beneficiary lives in their country of origin and not abroad. At Studio Panama Italia , we offer a high level of due diligence and rapid corporate and banking services in Panama. At the corporate level, Panama offers a great opportunity for all foreigners interested in benefiting from the territorial tax regime in force in the country on the isthmus. Panama provides a corporate platform capable of competing with global corporate and offshore hubs such as Singapore and Hong Kong. Based on its historic and powerful offshore legislation, Panama offers various legal instruments suitable and appropriate for multiple, if not infinite, purposes. Panamanian companies are perhaps the best companies in the world to do business of all kinds.

Corporations in Panama and Private Interest Foundations

From corporations in Panama to private interest foundations, Panama has an elastic, flexible legal instrument that is suitable for any possible historical, social, family and financial circumstance. The corporate center of Panama is the offshore mecca of the current century, there are no centers with more banks, investments, law firms and offices and branches of multinationals in the world as large and structured as in Panama. Not even Hong Kong and Singapore are comparable in size. A large part of all world trade passes through Panama, which includes the world's most important navigable trade channel. With all due respect to all the other offshore centers, Panama with its logistics, air-naval, commercial, banking, financial, legal and brokerage platform has no competitors that even remotely can undermine the added value that this sector and its Panamanian interpretation offer to the globalized corporate world. This is why as a law firm in Panama that has been offering services in Panama and other tax havens for over half a century, we are aware of the great value that Panama can have for all small and large entrepreneurs who want to use Panama as a base for their global mission in the entrepreneurship . To find out how to open a company in Panama and understand what documents are needed to open a company in Panama, just read the information on our website. We advise you to investigate and dedicate time, often hours, to carefully read these pages and the entire website, because an educated customer is a customer who has control over the decisions he will make and the services he decides to purchase with us. To proceed with the opening of a company in Panama, contact us via email or whastapp, indicate three possible company names, and once the payment has been issued we will quickly proceed with its incorporation.

When it comes to doing business with more than one company Panama companies pair very well with American LLC type companies. If you need to operate an SA Panama structure with a USA LLC, consider informing yourself about our company opening proposals in the United States:

US company | What are LLCs | Open Company in Delaware | Open Company in Wyoming | Open Company in New Mexico | Open Company in Florida

Opening a foreign company allows you to benefit from initial start-up conditions that are decidedly more competitive and logical than starting using a company from your country. Opening a foreign company provides benefits in terms of tax, equity, banking, privacy and asset protection. Therefore, trying to open up to the business world in the most competitive and cheapest possible way, opening a company abroad remains the most obvious and convenient way to start.

What are the risks, advantages and procedure of opening a company abroad? A foreign company probably remains the most used type of company in the world. But let's try to understand what the salient features are.

Opening a company abroad carries marginal risks that shouldn't be underestimated unless you know what you're doing and work with a reputable professional. For example, opening a foreign company in Panama without understanding the necessary due diligence to open, maintain, and manage it results in unnecessary initial costs and higher future management costs and fines if not managed with precision. Furthermore, the risk of not knowing how to use it is high for those who are not experienced in managing a foreign company. A company abroad is opened for tax optimization. Therefore, it is opened to comply with national and international tax laws and therefore use those laws to legally evade taxable income. It's not a matter of using a company abroad in Panama, for example, to hide behind it and evade taxes. Today, every country in the world requires meticulous due diligence to determine who is really behind a company; beyond the shareholders and directors, they want to understand who the real UBO is. (Ultimate beneficial owner.) There's no point in lying because the tracking of tax and banking information uncovers the true beneficiary 100% of the time. Therefore, the only real risk of opening a foreign company, such as a Panamanian foreign company, is having the tax authorities of your home country question your activities, which have never been declared in your country of tax residence. To avoid this, simply open the business with us or another qualified specialist, seek prior advice, and, if necessary, obtain a second tax residence suitable for managing foreign companies, such as a simple second residence in Panama.

• Contacting a law firm in Panama is the first step in incorporating a Panamanian company. You can contact us at Studio Panama Italia, who are resident agents and licensed attorneys to open companies in Panama.
• After consulting with a lawyer, decide on the structure best suited to your needs. During the consultation, we will evaluate the typical structure of a Panamanian SA and S de RL, the type of business it will conduct, the applicable regulations, the type of share capital and its value, and any tax exemptions that may apply to one structure versus another.
• Maintenance of the company: the company must be maintained every year, so it is necessary to pay the cost of the resident agent, the cost of the maintenance fee of the company at the public registry
• Corporate Bureaucracy: Although the company is tax-free for foreign income, it must still file the mandatory tax return every year.

The advantages of opening a foreign company are many. For example, by opening a foreign company in Panama, you will have corporate privacy, corporate flexibility, the absence of specific licenses, and corporate tax residence in Panama which allows you to facilitate the territorial taxation of this country and therefore not file a tax return in Panama and always pay zero taxes on all earnings received from abroad. Opening a foreign company also allows you to benefit from a friendly tax office in the country of incorporation for local taxation when the requirements for being taxed in the territory exist. Banks are more likely to open a bank account with an internationally recognized company such as a reputable company in Panama rather than a company opened in your home country. If you want to operate with international and global megabanks, you certainly won't be able to do it with a company opened in Italy, but you will certainly be able to do it with a renowned Panamanian company known and manageable globally by any international banking institution. After all, there is a reason why Panama is now the first corporate center in the world, where most companies are opened on a global level. There is also a specific reason. Absurdly, Panama and other tax haven countries comply with all anti-money laundering regulations and carry out all the diligence required by law for customer recognition and fund tracing, which does not happen in most European countries and the United States, thus leaving international banks with the decision that they can better manage foreign companies such as those in Panama for which they have documentation that allows the institutions themselves to facilitate the diligence work for the recognition of the final beneficiary.

The procedure for opening a foreign company is standard. Here we clarify the procedure for opening a foreign company in Panama, but it applies to any other company abroad. The name of the foreign company must be defined. Then it is necessary to outline the name and surname and therefore the identification of its directors. In this case, since it is a Panamanian company, the name and surname of the director, treasurer, voice secretary and shareholder of the company is needed. Recognition is done through a copy of everyone's passport. Finally decide in which sector you will operate, which will be clarified in the statute, although the Panama company standard offers a statute with the freedom to do any legal activity without restrictions. Once the company has been opened abroad, you then need to open a bank account. For more information on managing a company abroad or understanding the individual legal obligations to be carried out in each country where a foreign company is opened or operated (regardless of the country of incorporation), you can request specific paid consultancy at our law firm.

Panama stands out as a strategic point for global trade, thanks to two key facilities: the Zona Libre de Colón and the Tocumen International Airport , also known as the Hub of the Americas .

The Zona Libre de Colón is the largest free zone in the Western Hemisphere and represents a fundamental pillar for the Panamanian economy. It is an integral part of the mega corporate complex created in Panama. Located near the Panama Canal, this area is the point of reference for international trade, attracting companies from all over the world thanks to its strategic location and undisputed tax advantages. From this Panamanian corporate center and global free port, companies and multinationals can trade goods and move people in a privileged tax regime and in many areas totally tax free, making this area much more interesting and functional than any other Free Trade Zone and Free Zone in the rest of the world.

In the Zona Libre de Colón , businesses can enjoy tax exemptions on imports, exports and supplies, making it an ideal environment for trade and logistics, contributing to the renowned prestige that Panama's corporate and financial system has. This has made the Zona Libre de Colón a privileged destination for Latin American and Caribbean markets.

Tocumen International Airport is Panama's main airport and one of the most important infrastructures in Latin America. Known as the Hub of the Americas , the airport connects over 90 destinations around the world, making Panama a crucial transit point for travelers and cargo.

Tocumen International Airport is not only a center for passenger transportation, but is also critical for global logistics. Its strategic location and operational efficiency make it an ideal entry point to markets in the Western Hemisphere.

The combination of the Zona Libre de Colón and Tocumen International Airport positions Panama as a regional leader for trade and tourism, giving further prestige and power to the corporate system. This Hub of the Americas allows for an unprecedented flow of money, goods, services and people, making Panama a first-rate destination for investors and entrepreneurs seeking a glamorous, safe, clear and vital financial and logistics hub in the corporate world.

The Zona Libre de Colón and the Tocumen International Airport are two strategic assets of this corporate center, which strengthen Panama's position as an undisputed and innovative global economic and logistics center. Thanks to the Hub of the Americas , the country continues to attract multi-billion dollar investments and consolidate itself as a single key hub for international trade and tourism.

There are sites that offer financial and corporate information of companies in Panama

Public Registry of Panama

Panadata

OpenCorporates

Superintendency of Banks of Panama

Colon Free Zone