Panama.
| General | |
| Basis of Legal System | Civil |
| Type of Company | Ltd. |
| Tax on Offshore Profits | Nil |
| Exchange Controls | No |
| Redomiciliation Permitted | No |
| Time to Form | 1 Week |
| Shelf Companies Available | Yes |
| Corporate Requirements | |
| Minimum Shareholders | 2 |
| Minimum Directors | 3 |
| Corporate Administration | |
| Bearer Shares Permitted | Yes |
| Location Board Meetings | Anywhere |
| Corporate Directors Permitted | No |
| Administration | Anywhere |
| Local Requirements | |
| Registered Office/Agent | Yes |
| Company Secretary | No |
| Director | No |
| Meetings | No |
| Public Filings | |
| Directors | Yes |
| Shareholders | No |
| Beneficial Owners | No |
| Annual Filing Requirements | |
| Annual Return | No |
| Audited Accounts | No |
| Approximate Costs | |
| Agent min. / Annual Admin. | U.S. $150 |
| Gov. Min. Annual Statuary | U.S. $150 |
| Total Est. First Year Fees | U.S. $650 |
| Additional Services | |
| First Director (per year) | U.S. $450 |
| Nominee Shareholder (per year) | U.S. $500 |
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