No physical presence is required. The entire process can be completed remotely, with KYC verification and electronic signatures accepted.
Panama LLC Formation
Register a company in Panama in around 5 working days with tax advantages, international credibility, and a smooth incorporation process.
About Panama
Panama Offshore Company Registration
Panama has established itself as one of the most respected and versatile international financial centers in Latin America. Today, thousands of entrepreneurs choose to register a Panama offshore company because of its stability, strategic location, and favorable tax regime. When you register a Panama IBC or LLC, you benefit from a structure with no tax on foreign-source income, no capital gains tax on offshore activities, and no withholding tax on dividends derived from abroad.
A Panama company formation typically takes around 5 working days. Investors can register a Panama company without being residents, and there are no restrictions on currencies or international business activities.
Confidentiality has long been a hallmark of Panama offshore company registration. While nominee directors and shareholders can be appointed for privacy, beneficial ownership information remains protected under Panamanian law, with disclosure only required under strict international AML and KYC standards.
For entrepreneurs, investors, and global businesses, to register a Panama offshore company means gaining credibility, access to world-class banking, and a secure base for international operations in one of the most recognized offshore jurisdictions.
Benefits
Register a Panamanian Company
Territorial tax system
A Panama Corporation pays no income, capital gains, or withholding tax on profits earned outside Panama.
Efficient setup
You can register a Panama company in around 5 business days with incorporation documents issued promptly.
Strong confidentiality
Nominee directors and shareholders can be used, and beneficial ownership details are protected under Panamanian law.
Strategic business hub
Panama is a leading international financial and logistics center, offering credibility and global access
Banking advantages
A Panama company can access one of Latin America’s most developed banking sectors, with multi-currency account options.
Established legal framework
All incorporations are governed by Panama’s long-standing Corporations Law (Law 32 of 1927), ensuring stability and predictability.
Features
Offshore Company Registration in Panama
Incorporation in ~5 business days
100% foreign ownership permitted
No local shareholder requirements
Nominee directors/
shareholders available for privacy
Ability to open accounts with both local and international banks
Limited Liability Company
Panama Company Formation Packages
Basic
$ 1,490
Annual Renewal: USD 980
Unlimited Name Availability Check: Ensure your chosen company name is unique and available.
Document Preparation and Filing: All necessary documentation is prepared and submitted on your behalf.
Expedited Incorporation Process: Company incorporation completed efficiently.
One Year of Secretarial Services: Comprehensive company secretarial support for one year.
One Year Registered Agent and Address: Provision of a local registered agent and address for one year.
All Government Fees Included for One Year: Covers all government-related fees for the first year.
Digital Corporate Documents: Receive all essential corporate documents in digital format.
This package provides all the necessary services for a foreigner to establish a new Panama Limited Liability Company (LLC) from start to finish.
Standard
$1,700
Annual Renewal: USD 980
All Core Services from the Basic Package Included: This package builds on the Basic tier and includes everything needed to successfully set up your Panama LLC from start to finish.
One Bank Account Application Included: After your company is incorporated, we assist with one full application to a supported bank.
OVZA’s Service Fee Fully Covered: Our bank account opening support fee is included in this package—no additional OVZA charges.
Bank Introduction: We introduce your company to a reputable bank we work closely with and provide hands-on guidance throughout the application process.
Premium
$1,800
Annual Renewal: USD 980
Everything in the Standard and Basic Packages Included: Includes full company formation, one initial bank application, and our standard bank account support.
Premium Bank Support – Up to 5 Applications: We apply to up to 5 different banks on your behalf, stopping as soon as the first approval is received.
All OVZA Application Fees Covered (Up to 5 Banks): Our bank account opening service fees are fully covered for each application—up to five total.
Bank Matched to Your Industry or Needs: We’ll recommend and apply to banks that best suit your business model, region, or niche industry requirements.
Fast Response Time: As a Premium client, you’ll usually receive a reply from our team within 30 minutes—including during evenings and weekends.
Frequent Progress Updates: We keep you informed every step of the way with regular updates on your bank applications and overall progress.
Refund Guarantee
We offer a full refund, no questions asked, if we have not yet started the company. Read our policy
Offshore Company Incorporation Process
Steps to Register a Panama Limited Liability Company (LLC)
Step 1
Select Your Service Package
Begin your Panama offshore company registration by choosing a package. The Basic package covers incorporation only, the Standard package includes one international bank account, and the Premium package offers multiple accounts with priority handling. Whether you register a Panama Corporation (S.A.) or a Panama LLC (S. de R.L.), your order is processed under 256-bit encryption and TLS/EV SSL security.
Step 2
Complete Payment
Confirm your order through our secure checkout. We accept bank transfers, Visa, Mastercard, mobile wallets, and cryptocurrency — including Bitcoin, Ethereum, USDT, USDC, and 300+ other coins — making it simple to register a Panama company from anywhere in the world.
Step 3
Submit and Verify Documents
Provide your passport and proof of address to meet compliance. You may notarize them locally or use our 24/7 notary network for instant online notarization. Once verified, your filing is prepared under Panama’s Corporations Law (Law 32 of 1927).
Step 4
Finalize Company Registration
Within approximately 5 business days, your Panama offshore company is incorporated. You’ll receive your Certificate of Incorporation and electronic corporate documents immediately. If banking support is included, we proceed directly with account opening so your Panama company is ready to operate internationally.
Panama KYC Requirements
In order to register a company in Panama, all Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact Persons are required to submit the following documentation.
All Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact Persons are required to submit the following documentation.
Proof of Identity
A notarized true copy of a valid passport, notarized within the last 3 months, provided as a scanned copy
Proof of Address
A notarized true copy (scanned) of a proof of address is required. Acceptable documents include:
- Bank reference letter or bank statement
- Utility bill (electricity, water, gas, internet, etc.)
- Driver’s license
- Any other official document issued by a government or financial institution
The document must clearly show the holder’s full name and physical residential address in English. P.O. Box addresses are not accepted.
All documents must be dated within the last 3 months.
Other Documents
- Compliance or Criminal Background Check (choose one):
- World-Check Report, Compliance Report, or Due Diligence Check Report
- Must be dated within the last 3 months
OR
- Police Record or Affidavit of Criminal History
- Must be dated within the last 3 months
- Affidavit template available upon request
- World-Check Report, Compliance Report, or Due Diligence Check Report
- Bank Reference Letter:
- Must confirm a banking relationship of at least 2 years
- Must be issued on the official letterhead of the bank
- Must be dated within the last 6 months
- Professional Reference Letter:
- Must be from a licensed lawyer or accountant
- Must confirm a professional relationship of at least 2 years
- Must be issued on the official letterhead of the firm
- Must be dated within the last 6 months
To verify the identity of a corporation or legal entity, company formation documents must be provided along with proof of identity for all relevant members.
Company Documents
The following certified true copies of company documents are required:
- Certificate of Incorporation
- Memorandum and Articles of Association (or Constitution)
- Register of Directors
- Register of Shareholders or Ultimate Beneficial Owners (UBOs)
Company Members
All individuals associated with the corporation—including Directors, Shareholders, and Ultimate Beneficial Owners (UBOs)—are required to provide valid proof of identity and proof of address.
Frequently Asked Questions
How do I register an offshore company in Panama?
To register an offshore company in Panama, you must select a company name, appoint at least one director and one shareholder. The process is filed with the Public Registry of Panama under Law 32 of 1927. Incorporation is typically completed in 4–5 business days, and OVZA provides full support with preparation, filing, and delivery of corporate documents
What benefits do you get when you register a company in Panama?
Registering a Panama offshore company gives you access to a territorial tax regime (no tax on foreign-source income), strong confidentiality laws, international credibility, banking access, and one of the most established corporate frameworks in Latin America.
What types of offshore companies can be formed in Panama?
The most common structure is the Panama Corporation (Sociedad Anónima, S.A.), widely used for holding companies, trading, and international investments. The Panama LLC (S. de R.L.) is also available, typically for offshore enterprises and asset-holding structures. Both benefit from Panama’s territorial tax system
What documents are required to register a Panama offshore company?
Individuals must provide a notarized passport, a secondary form of ID, and proof of residential address dated within the last 3 months. A professional reference (from an accountant, lawyer, or bank) is also required for due diligence
How long does it take to register a Panama company?
A Panama offshore company is usually incorporated within 5 business days, provided KYC documents are submitted promptly. Electronic copies of the Certificate of Incorporation and corporate bylaws are issued immediately after filing.
Do I need to visit Panama to register a company?
Can foreigners own 100% of a Panama company?
Yes. Foreigners can fully own Panama companies without restrictions. There are no nationality requirements for shareholders or directors.
Do Panama offshore companies pay taxes?
Panama offshore companies are exempt from corporate income tax, capital gains tax, and dividend withholding tax on all profits earned outside Panama. Only Panamanian-source income is taxable.
What is Panama’s tax system for corporations?
Panama applies a territorial tax system — meaning only income generated inside Panama is subject to tax. Offshore earnings are completely tax-free
Is there VAT or sales tax on international transactions?
No. Panama does not apply VAT, sales tax, or GST to offshore transactions. Local transactions within Panama may be subject to VAT.
Do I need to file tax returns for a Panama offshore company?
If your Panama company earns only offshore income, no tax return is required. However, companies engaged in Panamanian business activities must file locally.
Are dividends from foreign income taxed in Panama?
No. Dividends distributed from foreign-source income are not subject to tax in Panama.
Are there double taxation treaties in Panama?
Yes, Panama has signed tax treaties with several countries to avoid double taxation, though these primarily affect companies conducting business inside Panama.
What annual tax applies to Panama offshore companies?
All Panama offshore companies must pay a flat annual franchise tax of USD 300, regardless of income.
What annual fees apply to a Panama company?
The main requirement is payment of the USD 950 annual renewal fee . In addition, companies must maintain a registered agent in Panama (licensed attorney).
Are audits required for Panama offshore companies?
No. There is no audit or financial reporting requirement for companies with offshore income only.
Do Panama companies need to file annual returns?
Companies with only offshore income are not required to file tax returns, but they must remain in good standing with the Public Registry and pay the annual franchise tax.
How do I renew a Panama company?
Renewal is done annually by paying the franchise tax and maintaining an active registered agent. OVZA handles renewals for clients to ensure compliance.
What happens if I don’t pay the annual franchise tax?
Failure to pay results in penalties and eventual suspension of the company from the Public Registry until compliance is restored
Do Panama companies need to hold annual meetings?
Yes, corporations are required to hold annual meetings of directors and shareholders, but these can be conducted anywhere in the world.
Can I change directors or shareholders after incorporation?
Yes, changes to directors, shareholders, or company bylaws can be filed at any time through the Public Registry.
Can a Panama company open an international bank account?
Yes. Panama corporations are widely accepted by international and regional banks, especially in Panama, the Caribbean, and Europe
What documents are required for bank account opening?
Banks typically require the Certificate of Incorporation, Articles of Association, shareholder/director details, KYC documents, and a business plan. OVZA assists with preparing and submitting all documents.
Does a Panama company need a Panamanian bank account?
No. Panama companies can open bank accounts anywhere in the world. Many clients prefer offshore or European banks for flexibility.
How strong is Panama’s banking sector?
Panama is home to more than 70 licensed banks, including international banks. The sector is known for its confidentiality, multi-currency accounts, and access to USD clearing.
Can a Panama company hold cryptocurrency accounts?
Yes. Many international banks and EMIs that accept Panama companies also allow crypto-related transactions and accounts.
Are there currency restrictions for Panama companies?
No. Panama has no currency controls, and companies can transact in any currency globally.
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