Start a business in Panama
Panama, recognized for its favorable economic environment and friendly attitude toward business owners, presents numerous opportunities to achieve your goals. Our firm is dedicated to supporting you every step of the way, offering expert guidance and assistance to ensure a seamless and successful start for your business.
Steps and solutions
Our systematic approach simplifies the process of starting a business in Panama. We provide tailored solutions that accelerate the journey to success, including selecting the optimal corporate structure and providing comprehensive support with registration, licensing, banking, and other related activities.
Determine business activities
A key step in launching a business is identifying its activities. This involves outlining the main functions, services, or products the company plans to provide or participate in. Clearly describing these activities is vital for adhering to legal requirements and for building a distinct identity for the business. We offer support for starting businesses in various industries, including but not limited to:
- Aviation
- Bank
- Blockchain
- Business support
- Cars and vehicles
- Construction
- Consulting
- Distribution
- DIY retail
- Education
- Electronics retail
- Energy
- Farming
- Finance
- Fitness
- Food and beverage retail
- Freight and package transportation
- Healthcare
- Hotels and motels
- Information technology
- Laboratory
- Logistics
- Manufacturing
- Marketing
- Media
- Minerals
- Printing
- Publishing
- Real-estate
- Restaurant
- Tourism and travel
Choosing the right legal entity type
Choosing the appropriate legal entity structure is the first step in starting your business. There are several options to consider, such as Limited Liability Company (S.A.), Corporation (S.A.), Branch Office, and Holding Company in Panama. Each type of legal entity has unique consequences related to liability, tax responsibilities, and flexibility in operations. Consulting with legal professionals and performing comprehensive research is essential to find the best structure that aligns with your business objectives.
Conducting thorough market research
The experts will assist you in conducting thorough market research and provide valuable insights into consumer preferences, market trends, and competitive analysis. With this knowledge, you can develop a strong business plan and create a strategic presence in the industry.
Setup legal address
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application process. We will ensure that you acquire all the essential licenses.
Applying for required licenses
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application process. We will ensure that you acquire all the essential licenses.
Opening a business bank account
The team will assist you in selecting a reliable bank and will support you throughout the account opening process. We will help you understand the necessary documentation, manage communications with the bank for you, and ensure that your corporate account is tailored to fit your specific needs.
Registering your business
The experienced team will assist you with every aspect of the registration process, such as preparing and submitting the required documents. We will streamline the registration process to conserve your time and effort, allowing you to focus on growing your business.
Setting up accounting
The experts will assist you in setting up effective accounting systems and procedures, making sure you keep accurate financial records and comply with accounting standards. Whether it’s bookkeeping or preparing financial statements, we will help you manage your business finances efficiently.
Business landscape in Panama
Panama provides an advantageous tax environment, a strategic canal, and a stable economy that is especially beneficial for shipping, logistics, and financial services. Its prime location linking the Americas, along with business-friendly regulations and a dollarized economy, offers many benefits for companies aiming to establish themselves in the area.
Start a business with us
Our team is entirely prepared to assist you during each step of starting a business in Panama. When you’re ready to begin, please contact us using the form below to get more information and set up a consultation. Let us guide you as you explore the unique opportunities in Panama and turn your entrepreneurial goals into real success.