Introduction to the place of registration
【Overview】 
Panama is a Democratic Republic, located in the isthmus of Central America. Its famous canal runs through the Atlantic and Pacific, making it a very important trade center in the Americas.

【Economics】 
Panama Canal area, regional financial center, Cologne free trade zone and merchant fleet are the four pillars of Pakistan's economy. The income of service industry plays an important role in the national economy. An open economy and viable trade agreements with some countries, such as the United States and Mexico, have made investing in Panama very effective. In many Latin American countries, there are many non-governmental conflicts and interference, and the government of Panama is guided by economic development, encourages foreign investment and helps the private economy play its role in all aspects of a developing country.

【Legal system】 
Panama's company law is based on the American legal system, and the company registration law is based on the civil law; Article 32 of the Companies Act enacted in 1927; The business code shall be subject to the change in 1997. Panama's shipping laws are beneficial to ship owners all over the world, and it is one of the strongest shipping companies in the world.

【Tax revenue】 
Panama adopts the territorial tax method. As long as the company does not have any business activities in Panama, no matter how much profit surplus the company actually has every year, the local government will not levy any tax. Even if an office is set up locally to handle the financial operations around the world, such as L / C and T / T, as long as they involve foreign countries and do not include the profits in Panama, they do not need to be taxed. Therefore, many well-known large companies in the world are attracted to set up overseas companies here to collect and be responsible for revenue and invoicing.

Registration policy
Conditions required for the establishment of the company：

1. Company name (English name only): we need at least 3 alternative names in order to investigate whether there is a duplicate name in the registry
2. Copies of passports or ID cards of directors / officers and shareholders of the company, at least three people, over 18 years old
3. Credit certificate or recommendation letter from customers, we can provide samples

Application for registration procedure：

1. Fill in form M - new customer registration form and provide credit certificate or customer recommendation letter (original required)
   Fill in form E - company registration application form, and the selected company name can be confirmed within 1 working day
2. Sign the disclaimer (original required)
3.  Confirm the required services (secretarial services, bank account opening, appointment of directors, etc.)
4.  Complete all registration within 14 working days and send a full set of company documents to customers by express mail

Registered capital： 
The standard registered capital is US $10000, divided into 100 shares of US $100 each.

* When the registered capital of the company exceeds US $10000 or its equivalent in other currencies, the registration fee paid to the public registry will increase, and the total amount of the above fees will increase, the charging standard is as follows：

Capital	Cost
$10000.01 to $100000：	$50.00 based on $10000; 　For the part exceeding $10000 to $100000, $0.90 will be charged for each additional $1000.
$100000.01 to $1000000：	$131.00 based on $100000； 　For the part exceeding $100000 to $1000000, $0.60 will be charged for each additional $1000.
Over $1000000：	$671 based on $1000000； 　The subsequent part will be charged $0.12 for each additional $1000, or $1000000 in the same proportion.(i.e. $120 for every one million increase)

Standard company documents：

1. Articles of Association (notarized) (including appointment of directors / officers)；
2. Resignation letter of sponsor；
3. A resolution to issue shares, such as a request to issue shares；
4. Stock certificate and stock record certificate；
5. Official seal

Other information：

1. Directors and company officials are not necessarily shareholders of the company. They can be natural persons or corporate legal persons of any nationality;
2.  The registered capital of the company need not be paid on the date of incorporation. In fact, a company still exists legally until it needs, without giving assets
3.  If the place of registration changes the international company law and increases government taxes or other fees charged by the government registry, the increase shall be borne by the customer;
4.  If a ready-made company is selected, a full set of company documents will be sent to the customer by express mail within 7 working days

Annual inspection of the company

Companies established in the first half of the year (January to June)：

• The annual inspection fee shall be paid from January 1 to June 30;
  Pay after July 1. The amount of penalty will vary according to the time of paying the annual fee. Please contact us to confirm the details of the fee;

Companies established in the second half of the year (July to December)：

• The annual inspection fee shall be paid from July 1 to December 31;
  For delivery after January 1 of the next year, the amount of penalty will vary according to the time of paying the annual fee. Please contact us to confirm the details of the fee;