CORPORATE LAW

Panama Corporations

 

As lawyers, we can provide legal advice in all types of corporate processes, in the incorporation of companies, foundations and all types of businesses, and asset protection structures.

 

Our incorporation time for corporations is 72 hours.

For us, it is not necessary for you to be in Panama to prepare an SA, however, certain documentation will be requested for compliance with due diligence.

 

All our companies are delivered with the following documents:

 

a) Resignation of Subscribers.

b) Public deed containing the Articles of Incorporation, with their respective stamps (Translation into English if required)

c) First act of issuance of shares.

d) Actions

e) Book of shares duly sealed by a notary public.

f) Minutes book duly stamped by a notary public.

 

Our costs include:

  • Notary fees.

  • Registration Rights

  • First single rate.

  • Action books and minutes.

  • First issue of shares.

  • Professional fees.

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Before doing business, obtain information from a Sociedad Anonima Panamá (SA).

 

Private Interest Foundations

It is a legal entity whose main purpose is the protection of assets. Its incorporation time, like that of companies, is 72 hours.

It is made up of a foundational council, which ensures compliance with the foundation's regulations.

 

Our costs include:

  • Notary fees.

  • Registration Rights

  • First single rate.

  • Minute book.

  • Basic regulation.

  • Professional fees.

 

 

Another Corporate Services

  • Modification of the Articles of Incorporation

  • Change of Board of Directors

  • Issuance of shares

  • Change of resident agent

  • Preparation of regulations for Foundations

  • Sale of books of shares and minutes

  • Authentication of share books and minutes

Q&A

1. What can I use a company for?

You can use it to start a business, protect assets, or as part of a corporate structure.

2. Do I have to be in Panama to incorporate a P anameña Corporation ?

No. It is not necessary for you to be in Panama . We can incorporate it without the need for your physical presence , however to start you must send certain documents.

3. What documents should I send to start the process?

You must send: Copy of the identity cards or passports of the members of the Board of Directors, for the positions of president, secretary and treasurer. You must also send us a copy of the passports of the final beneficiary shareholders.

4. Is the shareholder information published in the Public Registry ?

No. The nature of public limited companies prevents information related to shareholders from being public in the Public Registry , however the law requires resident agents to inform the supervisory entity of this information .

5. Should I keep stock books and minutes?

The law states that it is an obligation . We deliver these books to our clients along with the corporate package.

6. I need to issue shares, how do I do it?

It is part of our services, if you send us the information we can gladly help you.

7. Can I issue bearer shares?

Yes you can, the law allows it to be done and the corresponding record of the final beneficiary to be kept by the lawyer. We do not recommend it and we do not.

8. Are the members of the Board of Directors of a Company, and the shareholders the same?

Not necessarily. Sometimes it might match. The members of the Board of Directors work for the shareholders or final beneficiaries.

9. Do the members of the Board of Directors of a Society have to be Panamanians ?

No. They must only be Panamanians for retail business.

10. Are there annual fees?

Yes. All companies must pay a single annual fee to the State in the amount of US $ 300.00, and to Roxana Range; as a resident or registered agent the sum of US $ 200.00 per year.