Panama has emerged as one of the leading countries to do
business in Central America with many opportunities, especially for
the United States. Its location makes Panama one of the most
connected countries in the world.
Panama, once an important maritime trading hub, is now a top
international banking and professional services jurisdiction.
Starting a business
Companies that are looking to start a business in Panama must
first choose what type of entity they would like to have, a
corporation, LLC or a branch. All of these entities have the same
obligations locally, like taxes. This decision is made based on the
parent company's preference or tax planning. At this point, a
company must also decide if it will be an onshore or offshore
company. To register an entity, no proxy is needed making it fairly
easy. The process can take 3-5 business days. Opening a branch may
take longer as information is needed from the parent company.
Whichever type of entity is chosen,
