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Posted by Donald Schechter on November 30, 2021 at 3:31pm 0 Comments

Your employees are the biggest asset you have. Their performance and attitude can result in the success or failure of your business. The most difficult part of any managers job is people management. He or she is required to lead, motivate, train, inspire, and encourage. On the other hand, he or she is also responsible for hiring, firing, disciplining, training and evaluating. These functions seem to be at odds, but a successful manager can integrate both the positive and negative aspects of…

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Panama has a corporate tax rate of 25%. Businesses that are subject to VAT must pay 7% tax on purchases.

Top-class legal forms

According to the Panamanian Public Register of Panama , the following corporate structures (legal entities) are most commonly registered:

Corporation

Private joint-stock company

The procedure for establishing a company

Setting up a company in Panama involves several levels of varying complexity and therefore requires professional support. The Confidus Solutions team prepares legal documents, helps with registration and completes the formation process.

Business creation

Before your documents can be created, you need to choose a business type and name for your company. Confidus Solutions can validate all relevant information and create the founding documents.

Registration of a legal person

In order to register your company, Confidus Solutions submits all prepared documents to the Panamanian public register of Panama. This process will take approximately two weeks.

Completion of the company formation

Since Confidus Solutions takes care of all phases of the company registration process, we also support you with the final setup of your company. Usually this includes obtaining the founding documents and other additional documents that you may need.

Founding documents

When registering a business in Panama, you may need the following:

Application form

Social contract

List of shareholders

Shareholder Agreement

Please note that the documents required may vary from case to case.

Establishment costs

Summary of the formation costs

Additional costs may arise if you decide to switch to a different legal entity or need a bank account, virtual office, or maybe a website.

Additional business support

We offer several additional services for your company. With us you can purchase a finished company in Panama. Inquire now!

Opening a corporate bank account in Panama

Confidus Solutions acts as a bank agent for your corporate bank account in Panama. All you have to do is choose a bank:

General bank

Bladex Bank

Global bank

Multibank insurance

Virtual office services for companies in Panama

In addition to letters, your Panama business may receive phone calls. So instead of renting a registered address with just a PO box, it's much more convenient to rent a virtual office. A virtual office includes a registered company address, a local mailbox, a local telephone number, and e-mail and call forwarding.

Accounting services for Panamanian companies

To run a business, your business needs a professional accountant who will keep records, prepare payroll, conduct transactions, and prepare and file tax reports.

We also offer Panama company registration packages with accounting services - please ask for more information.

Online presence

Finally, a Panamanian market website can be added to your company registration package. There are several options available, from a low-cost basic website to a comprehensive e-commerce site with extensive SEO optimization.

https://www.confiduss.com/en/jurisdictions/panama/business/company-...

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