Starting a business in Panama
Legal Forms of Companies
- Sociedad de responsabilidad limitada or S de RL (Limited Liability Company)
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Number of partners: At least 2 shareholders
Capital (max/min): No minimum capital required
Shareholders and liability: Limited to the amount of capital contributions
- Sociedad anonima or SA (Corporation)
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Number of partners: At least 3 executives and 1 shareholder. No limit in the number of partners
Capital (max/min): USD 10,000
Shareholders and liability: Only limited to unpaid subscribed capital
- Sociedad en Comandita Simple
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Number of partners: At least two, one general partner and one silent parnet
Capital (max/min): No minimum capital required
Shareholders and liability: Unlimited for general partners, limited for silent partners
Setting Up a Company |
Panama |
Latin America & Caribbean |
Procedures (number) |
5.0 |
8.0 |
Time (days) |
6.0 |
25.2 |
Source: Doing Business, 2016
- Business Setup Procedures
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Consult Doing Business Website, to know about procedures to start a Business in Panama.
Trade Register
Find out more about Operating a Business in Panama on GlobalTrade.net, the Directory for International Trade Service Providers.
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Latest Update: April 2022