Panama IBCs are commonly used for:
Setting up a Panama IBC requires KYC (Know Your Customer) and AML (Anti-Money Laundering) verification for all participants. Required documents include:
For Individuals (KYC):
For Corporate Participants (KYB):
After ordering, participants receive a link to the Otonomos Dashboard to complete the entity application form, including company name options, purpose, source of funds, financial year-end, participants, share capital, and org chart.
Nominee directors are recommended for enhanced privacy and compliance. Otonomos can provide nominee directors if needed.
Renewal periods:
Annual financial statements are required but do not need to be audited. Timely renewals ensure the IBC stays in good standing.
Save by bundling together 2 Panama Nominee Directors that each come with an included 3 signature requests per annum. Filling your Director rolls in Panama with Nominees is very common as the Panama public company registry displays your name and address publicly so many people opt to use a VPN like shield to offer privacy.
Have local representation in Panama with a local nominee director this includes 3 signature requests per annum for your Nominee. Filling your Director rolls in Panama with nominees is very common as the Panama public company registry displays your name and address publicly so many people opt to use a VPN like shield to offer privacy.
Save by bundling together 3 Panama Nominee Directors that each come with an included 3 signature requests per annum. Filling your Director rolls in Panama with nominees is very common as the Panama public company registry displays your name and address publicly so many people opt to use a VPN like shield to offer privacy.
Our Nominee Shareholder service is your shield against prying eyes and potential creditors in jurisdictions where a public register of companies exposes shareholder details, including residential addresses. While maintaining your compliance with Know Your Customer (KYC) requirements as the Ultimate Beneficial Owner, our Nominee Shareholder service provides a vital layer of privacy and asset protection. It's important to note that by opting for Otonomos as your Nominee Shareholder, you will also have our expertise in guiding you through the process of opening bank and exchange/OTC accounts in alignment with our standard tariff. Rest assured, this arrangement helps ensure your confidentiality and asset protection.
Upon formation, a Panama S.A. can issue bearer shares which will be custodied by your local agent in Panama, who are the only party required to keep an internal register of who holds the bearer shares of your company, without the requirement for filing with the registry.
Our comprehensive Full Apostille KYC/AML Kit, available for a one-time fee of US$2,000, equips you with a certified or notarized set of essential corporate documents, potentially being vital for the onboarding process with banks, centralized exchanges, and Over-The-Counter desks. This indispensable KYC kit includes the Certificate of Incorporation, your entity's Constitution (M&A or Operating Agreement), the Register of Directors, and the Register of Members/Shareholders. With these vital documents at your disposal, you can confidently navigate the onboarding procedures, ensuring a more seamless and compliant entry into the financial landscape. Note this document suite is often required when opening a subsidiary of your company or when doing an asset pledge.
A Legal Entity Identifier (LEI) is a unique 20-character code used to identify companies and legal entities participating in financial transactions globally.
You can save $758 compared to the 1 year package
A Legal Entity Identifier (LEI) is a unique 20-character code used to identify companies and legal entities participating in financial transactions globally.
You can save $371 compared to 1-year package
A Legal Entity Identifier (LEI) is a unique 20-character code used to identify companies and legal entities participating in financial transactions globally.
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Let us help open an account with our partner Skyline Digital. Their solution allows you to make fiat payments directly from your wallet using crypto in a self-custodial way. Once the account is successfully established, we promptly transfer any login credentials to you, ensuring you gain quick access to your Skyline Account. Our service is to help open the account using your corporate documents, if we have a nominee position and you are looking to onboard this fee also includes our time to KYC as the nominee.
*Note US persons both natural and corporate are not able to onboard with Skyline Digital at this time
Crypto-exchange account opening. We open the account on your entity's behalf and once open, we transfer the login credentials to you.
A fiat bank account is still a must-have for most businesses. Panamanian banks offer USD clearing and a Panama company with a minimum balance of USD 5,000 on account also gets you residency in Panama. Our Bank Account opening service helps you with the preparation and submission of the application to speed up the process of getting your entity all banked in Panama. Our fee is capped provided we can obtain all necessary KYC documents from you.
When setting up a Panama S.A. you have the ability to get residency in Panama.
Spend dedicated time with our founder, Han, and tap into the collective wisdom of Otonomos. Drawing on experience across multiple jurisdictions and hundreds of entity formations, we help you evaluate structure, strategy, and geography to determine the optimal setup for your goals whether for asset protection, fundraising, or operational scalability.