How To Get Panama Citizenship
Start Your Panama Business with Confidence in a thriving, business-friendly environment. Panama offers great opportunities for entrepreneurs, and Wolff & Bauer ensures a seamless setup with expert corporate services.
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Start Your Panama Business with Confidence: Hire Wolff & Bauer
Starting a business in Panama offers a wealth of opportunities for entrepreneurs and investors alike. As one of Latin America’s most business-friendly countries, Panama provides a favorable environment for foreigners looking to establish a business. In this guide, we’ll walk you through everything you need to know about how to start a Panama business, including legal requirements, benefits, and why Wolff & Bauer is your trusted partner for corporate services in Panama.
Establish your business in Panama with expert support
Navigate Panama's business regulations with ease
Access tailored solutions for your Panama business needs
Secure the right business structure for long-term success
Why Start a Panama Business?
Panama has become an attractive hub for foreign investors due to its strategic location, robust economy, and business-friendly policies. Starting a business in Panama offers several benefits. Panama offers a highly attractive environment for entrepreneurs thanks to its favorable tax policies, strong infrastructure, and strategic global market access. Operating under a territorial tax system, Panama only taxes income generated within its borders, making it a prime destination for international businesses. The country’s modern infrastructure and well-developed banking system ensure that doing business is both efficient and convenient. Additionally, starting a business in Panama can open up residency opportunities, providing a clear path to legal status for foreign investors. Its position as a logistics hub also grants businesses seamless access to key markets across North America, South America, and beyond.
what we do
Personalized Support. Legal Expertise. Proven Success.
Expertise in Panamanian Corporate Law
From selecting the right business structure to registering with the Panama Public Registry, they ensure every step is legally sound and strategically aligned with your goals.
Streamlined, End-to-End Service
Whether you're a foreign investor or a local entrepreneur, Wolff & Bauer offers comprehensive support—including licensing, tax setup, immigration assistance, and even opening corporate bank accounts.
Trusted Partner for Long-Term Success
Starting a business is just the beginning. Wolff & Bauer builds long-term relationships, providing ongoing legal counsel to help you navigate Panama’s evolving business landscape.
Starting a Business in Panama as a Foreigner
Starting a business in Panama is straightforward for foreigners, with no requirement for local partners or shareholders.
Business in Panama
Panama’s business environment is ideal for a variety of sectors, including logistics, real estate, tourism, and finance.
Start a Panama Business
When you start a Panama business, you open doors to regional and international markets thanks to the country's strategic location and free trade agreements.
Doing Business in Panama
Panama’s ease of doing business is well-regarded globally, thanks to its investor-friendly policies, free zones, and stable legal framework.
Why Wolff & Bauer?
Your Trusted Partner for Starting a Business in Panama
At Wolff & Bauer, we provide comprehensive legal and corporate services designed to seamlessly establish your business in Panama. From corporate formations to obtaining essential permits, our seasoned team ensures full compliance with Panamanian regulations. We deliver VIP-level service, fast-tracked processes, and, above all, an unwavering commitment to transparency at every stage.
Contact us today to learn how we can assist you in starting your Panama business.
WHAT IS THE PROCESS?
Steps to Starting a Business in Panama as a Foreigner
Initial Consultation
Contact the experts at Wolff & Bauer, and we’ll provide clear direction and guide you through every step of the process. Let’s make your Panama business a reality.
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Choose a Business Structure
Sole Ownership: Complete control and ownership.
Partnership: Can be general, limited (SRL), or civil.
Corporation: Requires a board of directors, officers, and the issuance of shares.
Register Your Business
Submit your completed application along with the required documents.
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Obtain a Tax ID (RUC)
Every business needs a RUC, the company’s tax identification number, for tax and legal purposes.
Open a Corporate Bank Account
You’ll need a corporate bank account to manage business transactions in Panama.
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Obtain Required Licenses
Depending on the business type, specific licenses or permits may be required, such as tourism licenses.
Comply with Labor Laws
If you hire employees, you'll need to comply with labor laws, including registering with Panama’s Social Security Administration.
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How Can We Help You?
Some Frequently Asked Questions About Starting A Panama Business
Can a foreigner own a business in Panama?
Yes, foreigners can fully own businesses in Panama. There are no restrictions requiring local partners or shareholders.
How much does it cost to start a business in Panama?
The cost of starting a business in Panama can vary depending on the type of business and the licenses required, but the average cost can range from $2,500 to $5,000 for registration and legal fees.
Is Panama a good country to do business?
Yes, Panama is considered a great country for doing business due to its favorable tax policies, robust infrastructure, and pro-business government initiatives.
Do businesses pay taxes in Panama?
Yes, businesses pay taxes in Panama, but only on income generated within the country. Panama operates on a territorial tax system, which is favorable for international businesses.
What are the legal requirements to start a business in Panama?
To start a business in Panama, you need to register your company with the Public Registry, obtain a business license, and meet any industry-specific requirements.
For personalized assistance and support, contact Wolff & Bauer today to ensure that every aspect of your business formation is handled professionally and transparently.
DONT WAIT
Launch Your Panama Business with Ease
Ready to establish your business in Panama? Wolff & Bauer provides expert corporate services to streamline your company formation, ensuring compliance and efficiency. Take the first step toward success—contact us today for a consultation!