Incorporate in Panama


Set up a Panama company limited by shares

Panama is an international trade and financial center strategically located between the Americas. Its politically stable environment, its pro-business legislation, its attractive tax regime, and its developed and large banking sector have made Panama one of the most popular jurisdiction to establish international companies.

Panama levies taxation in a territorial basis, hence corporations in Panama that exclusively conducts its business outside of Panama, are exempt from all local taxes including income tax, capital gains tax, withholding taxes, and stamp duty on transfer of corporate shares, and other property. Furthermore, interest paid by local banks are tax-exempt and there are no foreign exchange controls.

Panama corporations are commonly used for residency visas, international tax structuring, international commercial transactions, banking, and merchant account access, e-commerce and internet services, trading, asset management or as a holding company.

Learn more about incorporating in Panama:

Friendly Nations Visa (Permanent Residency)

Launched in 2012 to attract foreign capital and immigration to Panama, the Friendly Nations Visa grants individuals who set up a business in Panama a permanent residency permit.

Foreign-nationals of the following countries are eligible for the Friendly Nations Visa:
Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Monaco, Montenegro, Netherlands, New Zealand, Norway, Paraguay, Poland, Portugal, San Marino, Serbia, Singapore, Slovakia, Spain, South Africa, South Korea, Sweden, Switzerland, Taiwan, United States of America, Uruguay and United Kingdom.

Nominee Services

Panama Friendly Nations Visa

Please select this option if you wish to obtain Permanent Residency in Panama

SKU: INC-PA-001 Category:


Panama company limited by shares (SA) – US$2,700.00 (All included)

We pride ourselves in providing the best possible professional service which includes our honest hassle-free “No Hidden Fee” policy. Your incorporation package includes:

  • Registration and Government Fees
  • Bound set of Constitutional Documents
  • Certified Copies of Constitutional Documents with Apostille for bank account opening
  • Certified English Translation of Corporate Documents
  • Courier Fees
  • Registered Office & Registered Agent Service including all fees for the calendar year
  • Minutes of Accounting Records
  • Share Register Book
  • Certificate of Incumbency
  • Resignation of the Subscribers

Time to form: 2 to 3 weeks.

All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.

Nominee Services

Nominee services (three directors) (1 year) – US$700.00

Bank Account Options

  • Panama Business Bank Account (In-person/Remotely) – US$2,000.00
  • Offshore Bank Account (Remotely) – US$300.00
  • Labuan (Malaysia) Bank Account (Remotely) – US$500.00
  • Bahamas Bank Account (Remotely) – US$500.00
  • Mauritius Bank Account (Remotely) – US$500.00
  • Curaçao Bank Account (Remotely) – US$500.00
  • Singapore Bank Account (In-person) – US$900.00
  • Hong Kong Bank Account (In-person) – US$1,200.00
  • Cayman Islands Bank Account (Remotely) – US$900.00
  • Crypto-friendly Bank Account (Remotely) – US$3,000.00

We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high-risk processing, we are happy to help you with introductions that can empower your business.

*Offshore Bank Accounts: Belize, Puerto Rico, Nevis, Antigua, Saint Lucia.  Other bank account options may be available depending on business profile and turnover.

Merchant Account – US$2,230.00 (All included)

To obtain a Merchant Account to process credit card payments in Panama, the bank will require the following items:
  • Operations Notice (Aviso de Operación). Filing of the formal request before the government that the company will be initiating its business operations. The result of this process will be a document identified as “Aviso de Operación”, which will need to be provided to the bank.
  • Registry before the Municipality of Panama. As a consequence of the filing of the formal notice whereby the company will initiate its business operations in Panama, it will be compulsory to register the business before the Municipality of Panama, in order to avoid fines or penalties.

Merchant processing fees are set at the discretion of the bank on a case-by-case basis (Usually about 4-5%)

It is important to take in consideration the following:

1) Further to the company obtaining its Operations Notice (Aviso de Operación) cited above, it will be required that the company submits an Annual Tax Filing. If the company has a foreign income source, then there is a minimal tax burden, this must be further discussed on a case-by-case basis.

2) The fact of being registered before the Municipality will generate a minor fee which will need to be covered on a monthly basis.

Annual Fees (2nd year) – US$1,600.00


  • Annual return
  • Government fee
  • Registered Agent & Registered Office fee

Panama Permanent Residency (Friendly Nations Visa) – US$3,800.0

To qualify for Permanent Residency, you will first need to show that you conduct some professional or economic activity in the country. This can be done by being hired as an employee for a Panama corporation or directly incorporating a company. While there is no requirement for this company to have any employees, it cannot be a dormant entity and must show some degree of activity. It is up to the authorities to determine if a company’s activities are adequate, however, officials tend to be quite lenient on this.

Next, you will have to prove that you are economically solvent by depositing US$5,000 in a Panamanian bank account. If you have dependents who are also applying for the visa, you will have to deposit US$2,000 per dependent. Dependents include the applicant’s spouse, and children under 18 years of age, or 25 if they are full-time university students.
You will receive a temporary residency card, which is valid for one year, while your application is under review. Once it is approved, you will get a permanent residency card, and will be allowed to apply for a work permit.


  • Personal Bank Account: Personal bank account – $750 (In-person); or Private Banking personal account – $1,000; ($20,000 deposit) (Remotely)
  • Panama Incorporation – US$2,700 + US$700 for 3 Directors (required by law)
  • Corporate bank account (Optional) – US$2,000; if Private Banking personal account used, can split $20,000 deposit between Personal & Corporate accounts.
  • Permanent Residency – $3,800

Step 1

Open a personal bank account – You have two options:

  • Open a personal bank account – Minimum deposit is $5,000 and you will have to travel to Panama to open. You should plan to be in Panama for 2-3 work days.
  • Open Private Banking account – Minimum deposit is $20,000. It can be done remotely.

3-5 weeks to open a personal bank account (either option).

Step 2 

Incorporating a Panama company, which takes 2-5 days once all required documents are collected.

If you want to open a corporate bank account, this can either be set up remotely (if Private Banking option is chosen) or upon your visit to start the Friendly Nations Visa Program.

Step 3

Once the bank account is opened, you can travel to Panama to fill out the initial Friendly Nations Visa (Permanent Residency) application forms and file the required documents. You will get a Temporary Residency Permit. This step will take at least 8 business days.

Step 4

After 3-4 months, you will need to travel to Panama (if you are not there) to receive the Permanent Residency status. This step usually takes 2-3 days.

Step 5 

After other 3-4 months. You will need to travel to Panama (if you are not there) to receive your Panama Cedula  (ID Card) and conclude the process.

The whole permanent residency process takes approximately 10-12 months. However, you can freely travel in and out of Panama and establish there, after receiving temporary residency (Step 3).