Panama International Business Company
(IBC)

Our company specializes in the incorporation of International Business Companies (IBCs) in Panama. As a reputable provider, we assist clients in establishing IBCs, which are versatile and widely used entities for conducting international business activities.

What is an International Business Company?

An International Business Company (IBC) is a type of private company that is primarily established for conducting business activities such as investments, trading, or holding assets.

An IBC typically consists of directors, officers, and shareholders who are responsible for managing and operating the company. The corporate name of an IBC must include specific endings, such as Incorporated, Corporation, Sociedad Anonima, or their respective abbreviations Inc., Corp., S.A.

What are the advantages of a Panama IBC?

There are several advantages to incorporating an International Business Company (IBC) in Panama:

• Panama offers affordable and reasonable annual renewal fees.
• Panama does not impose any minimum capital requirements for IBCs. This provides flexibility for businesses to start with any desired capital amount.
• The process of incorporating an IBC in Panama can be done remotely.
• Panama maintains strict privacy laws regarding the disclosure of shareholders and beneficial owners' information. This information is not filed with the Public Registry Office and remains confidential, offering enhanced privacy protection.

By taking advantage of these benefits, incorporating an IBC in Panama provides a favorable environment for international business operations, cost efficiency, flexibility, and privacy protection.

What is the Legislation for Panama IBCs?

The legislation governing Panama International Business Companies (IBCs) is primarily based on Law No. 32 of 1927 and the Commercial Code (Decree-Law No. 5 of 1997, Article 5). These legal frameworks provide the guidelines and regulations for the establishment, operation, and management of IBCs in Panama.

Do you get a registered agent and office address when incorporating a Panama IBC?

Our packages for incorporating Panama IBC include the essential services of a registered office address and registered agent. These services are mandatory for the successful incorporation of an IBC and ensure compliance with Panama's legal requirements.

Additionally, we provide convenient Panama mail forwarding services, commonly known as a virtual office address. This service allows you to be able to receive correspondence from your customers and suppliers.

Can one person/entity be appointed as director, officers and shareholder?

In order to comply with the regulations for a Panama company, a minimum of three individuals must be appointed as directors, corporate directors are not permitted.

Regarding shareholders and officers, it is possible for one person or entity to hold both positions within the company.

Our company recognizes the importance of privacy and offers nominee director, officer, and shareholder services. These services provide an extra layer of confidentiality and privacy protection for our clients.

What is the authorized capital of a Panama IBC?

The authorized capital of a Panama IBC is set at US$10,000, divided into 100 registered shares with a par value of US$100 each. However, it's important to note that the authorized capital can be adjusted to meet the specific needs and requirements of your company. To explore options for amending the authorized capital, we recommend contacting us for further information.

It is not mandatory to issue all the shares of the Panama IBC. At least one share must be issued at the time of incorporation, and the remaining shares can be issued at any time in the future.

Please note that the shares issued must be fully paid by the shareholder. This means that if a company issues one share with a par value of US$100.00, the shareholder must make a payment of US$100.00 to the Panama IBC to fulfill their obligation.

Is information regarding directors, officers and shareholders private?

Protection of privacy is of utmost importance to us. We understand that confidentiality is a key consideration for our clients.

Information about shareholders and beneficial owners are not disclosed to the public.

However, information about the directors and officers is filed with the registry. This information is listed in the Articles of Association, and includes the names and addresses of the directors and officers. As a result, this information is accessible to the general public.

To provide an additional layer of privacy and ensure the confidentiality of our clients' information, we offer nominee services.

Are there requirements for accounting and auditing?

There are no mandatory audit requirements for a Panama IBC. However, it is important to note that accounting records must be maintained by the company. These accounting records serve as a record of the company's financial transactions and must be kept in accordance with the applicable accounting standards.

While auditing is not required, the company is required to provide a scan or copy of the accounting records to the registered agent. This allows the registered agent to have access to the financial information of the company for compliance and regulatory purposes.

Do you have shelf companies available?

We offer ready-made shelf companies that are immediately available for purchase. These shelf companies have no prior owners, business activities, or transactions. By acquiring a shelf company, you can expedite the process of starting your business.

In addition, we provide apostille services for corporate documents, this process typically takes around 2 to 3 business days.

For further information and to receive a detailed quote, please contact our office.

How long does it take to incorporate an IBC?

The process of incorporating a company takes approximately 10 to 13 business days. After the incorporation is completed, there is an additional period of 3 to 5 business days to prepare all the internal corporate documents.

Once the documents are ready for shipment, we will provide you with scanned copies via email prior to shipping them.