Registration fee is from 2600 €
Registration period — 5-7 business days
Minimum authorized capital - 1 USD
Remote opening — yes
Financial statements — no
Panama, a country in Central America, is a member of the UN and the Organization of American States. Its capital is Panama City.
Maira Consult recommends using companies registered in Panama to hold shares and other assets, as well as to register yachts and vessels.
Panama is one of the key logistics hubs of world trade: every year, ships that connect the Pacific and Atlantic Oceans pass through the Panama Canal, cutting the route between the US west coast and Asia by almost two-thirds. This has made the country a natural center for shipping, banking services, and international trade, with the services sector generating over 75% of Panama's GDP.
Panama's economy is fully dollarized (its official currency has been pegged to the US dollar since 1904), which eliminates currency risk for international business and simplifies settlements with foreign partners. Combined with the territorial taxation principle (income earned outside the country is exempt), registering a company in Panama remains one of the traditional tools for holding structures, asset ownership, and registering vessels under the Panamanian flag.
Registering an offshore company in Panama takes 5 to 7 business days.
Company registration in Panama through Maira Consult is done remotely. We support the entire process, from selecting a nominee director to opening an account with a Panamanian bank. Leave a request, and a specialist will calculate the cost tailored to your business structure.
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Tax-free jurisdiction
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Attractive for yacht registration
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Confidentiality of beneficiaries
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No requirements for paying up share capital
A Panamanian company must have 3 directors and a secretary. One of the directors may simultaneously act as secretary.
The company name must end with a word or abbreviation indicating its legal form, for example: "S.A.," "Corporation," "Corp.," "Incorporated," or "Inc."
The standard share capital of a Panamanian offshore company is USD 50,000, with no payment requirements.
A minimum of three directors is required. Directors may be either individuals or legal entities, with no residency requirements. The appointment of nominee directors is also permitted.
There must be at least one shareholder, whether an individual or a legal entity. There are no residency requirements for the shareholder.
Offshore companies in Panama are not required to file financial statements. There is a requirement to keep and retain accounting records for the past 5 years.
Regardless of its activities, the company pays a fixed annual government fee (Tasa Única) of $300 to maintain its status in the registry.
Panamanian companies that conduct business outside Panama are exempt from taxation. In 2026, Law No. 526 on Economic Substance was adopted, introducing requirements to confirm genuine economic presence for companies that belong to an international group of companies and receive passive income (dividends, interest, royalties) from foreign sources. Most classic structures owned by an individual outside an international group of companies do not fall under these requirements. Where the requirements are not met, a final tax of 15% applies to the relevant income.
Information about the company's beneficial owner is not publicly available.
Before registering a company in Panama, a request must be submitted to the registry to check the availability of the name. Once it is confirmed, the preparation of corporate documents begins.
Each participant of the company must submit a complete package of KYC documents, including a passport, proof of address (a utility bill), a bank reference, and a resume (CV).
At this stage, a meeting takes place at our office or online to sign the corporate documents. If a nominee director and shareholder are engaged for the company registration in Panama, all registration documents are signed by them.
Panama has no mandatory requirement to form share capital. If needed, it can be created after the company registration is completed.
The standard timeframe for registering a company in Panama is 5 to 7 business days.
Once the company registration in Panama is completed, the registry issues corporate documents with all the necessary markings.
The original documents of the Panamanian company are submitted for legalization and Apostille certification.
The original corporate documents of the Panamanian company are sent by courier service.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207
Legal information
MAIRA LLC
EDRPOU code: 38202700
Jurisdiction: Ukraine
Working hours
Monday – Friday: 09:00 – 18:00
Saturday – Sunday: closed
We respond to inquiries within 15–30 minutes during working hours