Arrocha & Co.

• does not exist any type of restrictions on the shareholders; these could be citizen or foreign legal people.
• All the actions of the society can be emitted to carrier or nominative cases.
• Does not exist requirements minimum, nor maximum of capital.
• Are dependencies of the Panamanian no government that demand information about the activities of a Panamanian joint-stock company, that it conducts operations outside the territory of the Republic of Panama.
• Exoneration of taxes - Our country does not demand the presentation of Declaration of Rents for Panamanian societies with operations in the outside.

Requirements:

• Name and address of the subscribers of the Articles of Incorporation.
• Name and address of the Corporation. The name must include words (or their abbreviation) “Joint-stock company”, “Corporation” or “Incorporated” in order that it distinguishes it of a natural person or legal of another nature. The name of the Joint-stock company it will be able to be expressed in any language; and it won’t be able equal or seemed to the one of another Society already registered. The address of the Society will be able to be in the Republic of Panama or any part of the world.
• The purpose or general missions of the Society.
• The amount of the share capital and the number and the nominal value of the actions in which it is divided. If the Society has to emit actions without nominal value, it won’t be necessary to declare the amount of the capital, but it will be necessary to indicate the amount of actions that will be emitted and the formula to establish the paid capital.
• Name and address of the Registered Agent (who must be an a attorney at law or law firm established in the Republic of Panama).
• The time frame of the Society.
• The number of directors who will Not be less than 3 (a President, a Treasurer and a Secretary) with the specification of its names complete (without initials) and directions. It is not necessary that directors and dignitaries are Panamanian.

  Costs

• Investigation of the availability of names verified in Public registry, which can be reserved until by period of 30 days.
• The rights of registry on the authorized share capital they pay a single time, at the time of registering the Social Pact in Public registry of Panama, on the basis of the authorized total capital, of agreement with the following tariff, published in Official Gazette:
  • $50.00 (minimum) on the first $10,000.00 or by 500 actions without nominal value, that is considered him for aims registered issues the sum of $10, 000.00.
  • $0.75 by $1, 000,00 on next the $90, 000.00
  • $0.50 by $1, 000,00 on next the $900, 000.00
  • $0.10 by $1, 000,00 in excess of $1, 000,000.00
  • plus a surcharge of 20%
• the organization and registry of the Corporation
• Personal identification document Incorporation of the entity.
• Annual Unique Rate
• Registered Agent