Panama Corporation (SA) Formation and First-Year Fees – USD 2,150.00 (All Included)

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Corporation in Panama, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the notarization of documents, which are generally required for opening bank accounts.

• All applicable Registration and Government Fees (Registro Publico)
• Preparing the Incorporation Deed and Articles of Incorporation (Spanish)
• Acting as the First Subscriber and executing the Incorporation Deed before Notary
• All applicable Notary Fees
• Filing the Incorporation’s Notarial Deed with the Commercial Register
• Preparing Subscriber’s Resolution for the Appointment of Directors and Resignation of Subscriber’s Rights
• Preparing the Company Bylaws
• Providing the Certificate of Juristic Person, and Company Extract issued by the Registro Publico
• Providing a Certified English Translation of the Corporate Documents
• Preparing the First Board Meeting Minutes for the allotment of Shares, the Appointment of Directors, Registered Agent and office, and other related matters
• Preparing the Share Register Book
• Preparing the Share Certificates
• Preparing and executing a Certificate of Incumbency
• Providing Registered Office Services, including business address, for one year
• Providing Registered Agent Services for one year
• Providing Notarized and Apostilled copies of the Corporate Documents
• Delivering Original, and Notarized and Apostilled copies of the Corporate Documents via Courier, inclusive of Courier fees

Time to form

It generally takes us 1-3 days to prepare the incorporation documents, executing them as a deed by the Notary, and file them with the Registro Publico (Registrar). Once the company is filed, it takes around 5 business days for the Registrar to process the incorporation and issue the stamped Public Deed and related documents.

Nominee Services (Optional)

Nominee Directors/Officers

All Panamanian Corporations are required to have at least 3 directors/officers (President, Treasurer, and Secretary). Officers’ details are available for public inspection in the public registry. Most clients opt to appoint from one to three Nominee Directors to fulfill the aforementioned positions.

• One Nominee Director (Natural Person) – USD 700.00 p.a.*
• Two Nominee Directors (Natural Persons) – USD 1,200.00 p.a.*
• Three Nominee Directors (Natural Persons) – USD 1,500.00 p.a., including Notarized and Apostilled Power of Attorney

*If the client wishes to appoint one or two Nominee Directors, we assume that a Notarized and Apostilled Power of Attorney shall not be required.

Nominee Shareholder

• Nominee Shareholder (Natural Person) – USD 800.00 p.a.

Bank Account Opening Services (Optional)

We assist you in opening a bank account in Panama.

• Panama Bank Account - USD $ 1,200.00
  Panama Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Panama Bank Account

  USD 50,000

  Yes

  USD, EUR

  Yes

  Panama Bank Account

  USD 10,000

  Yes

  USD, EUR, CHF, GBP, CAD

  Yes

Note that we can also open overseas bank accounts for Panama companies in the following offshore jurisdictions:

• Andorra Bank Account - USD $ 1,200.00
  Andorra Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Andorra Bank Account

  USD 500,000

  Yes

  USD, EUR, CHF, CAD, AUD, SEK, NOK, NZD

  Yes

  Private Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.
• Antigua Bank Account - USD $ 300.00
  Antigua Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Antigua Bank Account

  USD 10,000

  Yes

  USD, EUR

  Yes

  In euros DBank processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.

  Antigua Bank Account

  USD 25,000

  Yes

  USD, EUR, GBP

  Yes

  Cash Secured Visa Credit Card

  Antigua Bank Account

  USD 5,000

  Yes

  USD, EUR

  Yes

  UnionPay Cards work without inconvenience in the USA.
• Armenia Bank Account - USD $ 1,200.00
  Armenia Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Armenia Bank Account

  USD 50,000

  Yes

  EUR, USD, RUB, AMD

  Yes

  Business connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
• Bahamas Bank Account - USD $ 500.00
  Bahamas Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Bahamas Bank Account

  USD 1,000,000

  No

  USD

  Yes

  Family Offices, Fund Managers and Asset Managers only.

  Bahamas Bank Account

  USD 10,000,000

  No

  Multicurrency

  Yes

  Primary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.

  Bahamas Bank Account

  USD 1,000,000

  Yes

  Multicurrency

  Yes

  Credit Card available on a case by case basis.

  Bahamas Bank Account

  USD 1,000,000

  Yes

  Multicurrency

  Yes

  Remote account opening is possible, but the bank will visit the client within first year after opening.

  Bahamas Bank Account

  USD 500,000

  Yes

  USD, EUR

  Yes

  Prepaid debit card available.
• Belize Bank Account - USD $ 300.00
  Belize Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Belize Bank Account

  USD 4,000

  No

  EUR, GBP, USD

  Yes

  Belize Bank Account

  USD 1,000

  Yes

  USD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOK

  Yes

  Prepaid Visa cards available.

  Belize Bank Account

  USD 3,000

  Yes

  Multicurrency

  Yes
• BVI Bank Account - USD $ 900.00
  BVI Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  BVI Bank Account

  USD 20,000

  No

  USD, GBP, HKD

  Yes

  Bank of Asia does not onboard corporations who have a connection in US and Russia.

  BVI Bank Account

  USD 500,000

  No

  Multicurrency

  Yes

  VP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
• Cayman Islands Bank Account - USD $ 900.00
  Cayman Islands Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Cayman Islands Bank Account

  USD 250,000

  Yes

  USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF

  Yes

  Cayman Islands Bank Account

  USD 100,000

  Yes

  USD, EUR, CAD, GBP, AUD, Multicurrency

  Yes

  NCB Cayman Bank offers trading, private and investment bank accounts
• Cook Islands Bank Account - USD $ 600.00
  Cook Islands Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Cook Islands Bank Account

  USD 250,000

  Yes

  USD, EUR, GBP, CAD, NZD, AUD, SGD, HKD

  Yes

  Clients can have a corporate account for operational purposes only if they open an investment account as well.
• Curaçao Bank Account - USD $ 500.00
  Curaçao Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Curaçao Bank Account

  USD 100,000

  No

  Multicurrency

  Yes

  Internet Banking only for viewing the account, not for operating

  Curaçao Bank Account

  N/A

  Yes

  Multicurrency

  Yes
• Cyprus Bank Account - USD $ 1,200.00
  Cyprus Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Cyprus Bank Account

  N/A

  Yes

  Multicurrency

  Yes

  Supports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
• Dominica Bank Account - USD $ 300.00
  Dominica Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Dominica Bank Account

  USD 15,000

  Yes

  USD, EUR, GBP, CHF

  Yes

  Dominica Bank Account

  USD 15,000

  Yes

  USD, EUR, GBP

  Yes

  Dominica Bank Account

  N/A

  No

  Multicurrency

  Yes

  SWIFT transactions are carried out only through a pool account in the name of the bank.

  Dominica Bank Account

  N/A

  No

  Multicurrency

  Yes

  Dominica Bank Account

  N/A

  No

  EUR, USD

  Yes

  SWIFT transactions are carried out only through a pool account in the name of the bank.
• Gibraltar Bank Account - USD $ 1,200.00
  Gibraltar Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Gibraltar Bank Account

  N/A

  No

  Multicurrency

  Yes

  Gibraltar Bank Account

  USD 200,000

  No

  USD, EUR, GBP

  Yes
• Hong Kong Bank Account - USD $ 1,400.00
  Hong Kong Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Hong Kong Bank Account

  HKD 100,000

  Yes

  Multicurrency

  No

  A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.

  Hong Kong Bank Account

  HKD 200,000

  Yes

  HKD, USD, Multicurrency

  No

  A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
• Isle of Man Bank Account - USD $ 1,200.00
  Isle of Man Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Isle of Man Bank Account

  N/A

  No

  USD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGN

  Yes

  Preferred industries: Asset Holding Entities, e-sports, yachting, aviation, e-commerce, internet sales and trading, business consultancy, advertising and marketing, property development and management.
• Labuan Bank Account - USD $ 500.00
  Labuan Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Labuan Bank Account

  USD 10,000

  No

  USD, JPY, SGD, EUR, GBP

  Yes

  Labuan Bank Account

  USD 250,000

  No

  Multicurrency

  Yes

  Labuan Bank Account

  USD 25,000

  No

  USD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AED

  Yes

  They focus more on Labuan incorporated entities.
• Liechtenstein Bank Account - USD $ 1,200.00
  Liechtenstein Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Liechtenstein Bank Account

  USD 500,000

  No

  Multicurrency

  Yes

  Every active NFE needs to have a substance.
• Mauritius Bank Account - USD $ 600.00
  Mauritius Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Mauritius Bank Account

  USD 50,000

  No

  Multicurrency

  Yes

  Mauritius Bank Account

  USD 50,000

  Yes

  Multicurrency

  Yes
• Nevis Bank Account - USD $ 300.00
  Nevis Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Nevis Bank Account

  USD 10,000

  No

  USD, EUR, GBP, Multicurrency, CHF, CAD

  Yes

  Nevis Bank Account

  USD 100,000

  No

  USD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKD

  Yes

  Nevis Bank Account

  USD 25,000

  No

  Multicurrency

  Yes

  Nevis Bank Account

  USD 10,000

  No

  USD

  Yes
• Puerto Rico Bank Account - USD $ 300.00
  Puerto Rico Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Puerto Rico Bank Account

  N/A

  Yes

  USD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZAR

  Yes

  Unionpay Merchant service for clients.

  Puerto Rico Bank Account

  USD 25,000

  No

  USD

  Yes

  Their main focus is on commercial type, trade finance.

  Puerto Rico Bank Account

  USD 10,000

  No

  Multicurrency

  Yes

  Puerto Rico Bank Account

  USD 150,000

  No

  USD

  Yes
• Saint Lucia Bank Account - USD $ 300.00
  Saint Lucia Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Saint Lucia Bank Account

  N/A

  No

  Multicurrency

  Yes

  Saint Lucia Bank Account

  USD 5,000

  Yes

  USD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZAR

  Yes
• Seychelles Bank Account - USD $ 500.00
  Seychelles Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Seychelles Bank Account

  USD 25,000

  No

  USD

  Yes

  Internet banking is in view mode only, all transactions are carried out via email or by phone.
• Singapore Bank Account - USD $ 900.00
  Singapore Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Singapore Bank Account

  SGD 100,000

  No

  USD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CAD

  Yes

  Nexus in the form of client/supplier/partner/contractor in Singapore required.

  Singapore Bank Account

  USD 3,000,000

  No

  USD, SGD

  Yes

  Singapore Bank Account

  SGD 250,000

  No

  Multicurrency

  No

  Nexus in the form of client/supplier/partner/contractor in Singapore required.

  Singapore Bank Account

  SGD/USD 30,000

  No

  SGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USD

  Yes

  Nexus in the form of client/supplier/partner/contractor in Singapore required.

  Singapore Bank Account

  SGD/USD 30,000

  No

  Multicurrency

  Yes

  Nexus in the form of client/supplier/partner/contractor in Singapore required.

  Singapore Bank Account

  USD 30,000

  No

  USD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHF

  Yes

  Nexus in the form of client/supplier/partner/contractor in Singapore required.

  Singapore Bank Account

  SGD 250,000

  No

  Multicurrency

  Yes

  Nexus in the form of client/supplier/partner/contractor in Singapore required.
• Switzerland Bank Account - USD $ 1,200.00
  Switzerland Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Switzerland Bank Account

  CHF 500,000

  Yes

  EUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AED

  Yes

  Amina Bank does not open accounts with a pure transactional business nexus.

  Switzerland Bank Account

  CHF 1,000,000

  Yes

  Multicurrency

  Yes

  Switzerland Bank Account

  CHF 500,000

  Yes

  Multicurrency

  Yes

  Switzerland Bank Account

  CHF 5,000

  Yes

  Multicurrency

  Yes

  Companies must have an expected turnover of at least CHF 3,000,000.

  Switzerland Bank Account

  CHF 3,000,000

  Yes

  Multicurrency

  Yes

  Deposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
• USA Bank Account - USD $ 1,400.00
  USA Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  USA Bank Account

  USD 100,000

  No

  USD

  Yes

  min deposit USD 100k and more AND/OR with revenues of USD 1M

  USA Bank Account

  from 10,000 but preferred 250K-300K

  Yes

  USD, Multicurrency

  Yes

  They tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.

  USA Bank Account

  USD 5,000

  Yes

  USD

  Yes

  The company should trade in Asia and the USA.
• Vanuatu Bank Account - USD $ 500.00
  Vanuatu Bank Account

  Bank

  Min Deposit

  Cards

  Currencies

  Remote

  Comments

  Vanuatu Bank Account

  1,500 EUR

  No

  EUR, GBP, USD

  Yes

  Outgoing USD transactions cannot be facilitated.
• EMI Account - USD $ 300.00
  EMI Accounts

  EMI

  Min Deposit

  Cards

  Currencies

  Remote

  DNBC (CA) (former DSBC)

  N/A

  No

  EUR, CAD, GBP, CHF, HKD

  Yes

  Hong Kong EMI Account

  N/A

  Yes

  Multicurrency

  Yes

  Kazakhstan EMI Account

  Depending on category.

  No

  Multicurrency

  Yes

  Lithuania EMI Account

  N/A

  Yes

  EUR

  Yes

  Lithuania EMI Account

  N/A

  No

  EUR, CAD, GBP, CHF, HKD

  Yes

  Lithuania EMI Account

  N/A

  No

  EUR

  Yes

  Lithuania EMI Account

  N/A

  No

  EUR, USD, GBP, SEK, JPY, HKD

  Yes

  Luxembourg EMI Account

  N/A

  No

  Multicurrency

  Yes

  Singapore EMI Account

  N/A

  Yes

  SGD, USD

  Yes

  United Kingdom EMI Account

  N/A

  Yes

  EUR, GBP

  Yes

  United Kingdom EMI Account

  N/A

  No

  EUR, GBP

  Yes

  United Kingdom EMI Account

  Depending on category.

  No

  EUR, GBP

  Yes

Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.

Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.

Panama Company Annual Fees – USD 1,600.00 (payable one year after incorporation, and annually thereafter)

• Annual Government Franchise Tax
• Maintaining Minute Book, Registers and Statutory Records
• Providing Registered Office Services, including business address, for one year
• Providing Registered Agent Services for one year
• Providing a Certificate of Good Standing

Other Services (Optional)

• Establishment and maintenance of Private Interest Foundations, and provision of Council Members (either Nominees or Executive Managers)
• Establishment of Financial Services Companies, and Private Funds (20-PF or 50-PF)
• Assistance with establishing Economic Substance in Panama (Physical Office, Employees, etc)
• Opening of Merchant Accounts for E-commerce businesses
• Obtaining Operations Notice (Aviso de Operación) for companies with a physical presence in Panama
• Registration with Municipal Authorities (Panama City, Colon) for companies with a physical presence in Panama
• Accounting and Tax Services. Note that tax filings are required for companies with a physical presence in Panama and/or carrying on certain business activities with residents

Please, contact us for further information.