Company Registration in Panama in 2025
In 2025, Panama continues to be an attractive jurisdiction for company registration due to its favorable tax environment, strategic location, and ease of procedures.
Why Panama
- Territorial tax system: only income earned within the country is taxed, while profits from foreign activities are exempt from tax.
- Privacy policy: data on beneficiaries is not public, only storage at the registration agency is required.
- Dollar as an official currency: uses the US dollar, which reduces currency risks.
- Fast and remote registration: possible completely remotely, no minimum capital is required.
Stages of registration
In 2025, registering a company in Panama consists of several steps. First, the legal form is selected (most often - Sociedad Anónima), after which the name is reserved and the constituent documents are prepared. At least one shareholder and three directors are required, as well as a local resident agent.
Documents are submitted to the State Register, then the company is registered with the tax office (receives RUC) and obtains a license to operate through the Ministry of Commerce. If necessary, permits are issued at the municipal level.
The final stage is the opening of a corporate bank account, after which the company can conduct international or local activities.
Registration periods range from 1 to 4 weeks (usually 2-3 weeks).
After registration: obligations
- UBO certification and AML reporting through an agent;
- Annual declaration and renewal: RUC by May 31, corporation renewal by June 30 (or January 15), fees and reporting even for offshore structures;
- Accounting is mandatory for the movement of funds and transactions.
Registering a company in Panama in 2025 is beneficial for international entrepreneurs due to the transparent process, tax advantages and confidentiality. However, it is important to ensure compliance with regulatory requirements and choose the right resident agent. IT-OFFSHORE offers professional support for the process: from choosing a structure to obtaining all the necessary documents. Our specialists have the experience and knowledge to quickly and legally register a business in Panama, taking into account the client's goals.
