How To Register A Company In Panama: Onshore Company Formation

• Published date: 03 August 2023
• Law Firm: Biz Latin Hub Group
• Author: Biz Latin Hub Group

Biz Latin Hub announced the exciting opening of our new office in Panama last week. The growing importance of the small Central American nation has expanded rapidly in recent years, with major companies such as Sony and Nike attracted by the favourable tax rates and deciding to establish their headquarters for the region in the country.

As well as the banking system, and being a globally famous offshore hub, there is a growing tourism and services sector which is providing exciting opportunities for foreign investors. Your next best move might just be to register a company in Panama.

Panama is the registered domicile for over 500,000 Panama corporations & foundations, making it the second most popular jurisdiction to incorporate in the world, next to Hong Kong.

Setting-up Company in Panama: Those who are going to register a company in Panama may agree that the country is in a privileged location due to its proximity to North and South America. Business formation Panama

In terms of key industries, the strategic importance of the Panama Canal, an influential spot for maritime trade, has made Panama a leader in exports to the northern tip of South America whilst also providing crucial access to the Pacific and Atlantic Oceans.

The country is tiny, with a population of just over 4 million people, however, in 2016 it exported an impressive US$8.8 billion, with major beneficiaries, of course, being the United States (24%), as well as Venezuela and Ecuador (6.8%), neighbours Guatemala...