Thursday, 14 December, 2017
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Panama SRL company
  • Panama is an independent state that connects both the North and South parts of the American continent and is consequently a strategically beneficial location.
  • Panama was a colony of Spain until 1821, and then it became a colony of Colombia. In 1903 it became independent.
  • Toll revenue of the Panama Canal owned by Panama since 1999 has been a considerable contribution to the budget of Panama. The Colon Free Zone situated in Panama is the second largest in the world after the Hong Kong Free Zone.
  • Panama adheres to territorial taxation of revenue, and any revenue received abroad is exempted from taxes. Consequently, Panama companies that derive no income in Panama are totally tax-free.
  • The legislation regarding the most frequently used type of Panamanian company, namely the Joint Stock Companies (Sociedad Anonima), does not provide that its shareholders may be stated in the public Register of Enterprises (Registro Publico). This information is stored exclusively in the registers of the company itself. Accordingly, if the owner wishes to specify the names of shareholders of the company in the register of companies, a different type of Panamanian company, namely the Sociedad De Responsabilidad Limitada (S.R.L.) may be more appropriate. The structure of this type of company is similar to that of an English LLP. The registration and operation of this type of company is regulated by Law No 4 of 4 January 2009. In a similar manner to the Sociedad Anonima, S.R.L. companies are also exempt from taxes provided they do not receive any income from sources in Panama.

GENERAL INFORMATIONTotal area - 75,515 sq km
Population - 3,600,000
Location - click here to see the map of offshore jurisdictions
Political status - republic
Capital - Panama City
Official language - Spanish (English in general use)
Official currency - USA Dollar (USD); Balboa (PAB)
Time zone - GMT - 5
Company typeSociedad De Responsabilidad Limitada
Directors/OfficersPanama SRL Companies require a minimum of 2 Members, who may be natural persons or corporate bodies from any legal jurisdiction.
Each Panama SRL Company must file information on its Members with the Register of Enterprises of Panama.
ShareholdersThe legislation on SRL companies does not consider status of shareholders. The capital of SRL company is divided between its Members.
SecretaryThere is no statutory requirement for a Company Secretary to be appointed.
Authorised share capital Standard authorised capital = USD 10,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation.
Company Names The name of a Panama SRL Company must end with the words "Sociedad De Responsabilidad Limitada", "Limited Liability Company" or suffixes such as "S. de RL", or "LLC".
Company names containing restricted words such as "Bank", "Insurance", "Trust", "Assurance", "Imperial" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual ReturnThere is no requirement to file an Annual Return.
Filing of Financial StatementsThere is no requirement to file Financial Statements in Panama for SRL Companies.
Corporate TaxationPanama SRL companies that do not carry on commercial operations in Panama, are not subject to taxation in Panama.
Tax TreatiesPanama SRL companies that do not carry on commercial operations in Panama, are not regarded as resident for tax purposes in Panama, and therefore are not entitled to take advantage of Double Tax treaties concluded by Panama with other countries.
Timeframe for incorporation 6/7 working days. A complete set of company documents can be delivered in 5/6 weeks.
Takeover of management & secretarial services for an existing Panama SRL CompanyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Panama.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesWe are happy to register new Panama SRL companies in accordance with client instructions.
Price of Panama SRL CompanyEUR 1,340, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 820 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • Panama is a classic offshore jurisdiction that is very popular and provides high-quality corporate services.
  • The current Panama corporate and financial legislation is developed in full compliance with current international standards. These achievements are appreciated by organisations such as OECD and FATF. Therefore, Panama is an ideal option where a classic offshore company is required.
  • In addition to the above possibility to specify its shareholders (founders), which can be corporate or personal, in the register of enterprises, this type of company has an advantage because it differs from the common standard Panamanian company. Accordingly, the owner works with a less frequently used instrument of tax planning which is still under the favourable terms of Panama legislation.
Info Lines:
Moscow:+7-495-7219072
St. Petersburg:+7-812-6431908
Kiev:+38-044-3617950
Almaty:+7-727-3495170
Riga:+371-67221199
Tallinn:+372-6680329