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How to order a company from LAVECO Ltd
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The leading company formation jurisdiction in Central America. Since the 1920s companies registered here have only had to pay tax on income generated in Panama. Companies registered in Panama are primarily popular in Latin America due to the physical proximity and use of the Spanish language.
Method of incorporation / registration: The Subscribers incorporate the company and nominate the directors
Company form: Private Limited Company by shares
Company status: Resident company
Source of corporate legislation: Civil Law, Law Number 32 of 1927 on Corporations and others
Possible suffixes to company name: All names must end with: S.A., Inc., Corp.
Restrictions on company name: A special licence is needed if the words Finance, Trust or Insurance appear in the company name. The terms Ltd. and Limited may not appear in the company name.
Time required for incorporation: 5-6 weeks
Number of directors: 3 of any nationality
Number of shareholders: Minimum 1
Capitalisation: There are no restrictions on the share capital.
Accounting / reporting requirements: Panamanian companies are not required to keep accounts
Type of shares: Bearer or registered
Annual tax and duties: 300 USD 
Information publicly available: Registered office, registered agent, Memorandum & Articles of Association, directors
Disclosure of beneficiaries: The identity of the beneficial owners does not have to be disclosed
Registered office: Local registered office is required by law.
Registered secretary / agent: Local registered agent is required by law.
Double tax treaty: Panamanian companies are not subject to Double Tax treaties

COMPULSORY COSTS (payable prior to registration)

Incorporation fee: 500 USD
Notarial certification: 95 USD
International authentication (Apostille): 95 USD
Legal expenses, filing fees and stamp duties: 50 USD
Issuing of share certificates and initial minutes and forms: 50 USD
Corporate seal: 50 USD
Courier fees: 50 USD
Subtotal: 890 USD
Registered office and registered agent: 750 USD
Annual tax and duties: 300 USD
Due diligence checking fee:  100 USD
Subtotal: 1150 USD
Total: 2040 USD

* The annual fees for the first year of the company's existence are payable prior to incorporation. Subsequently the amount of  1150 USD is payable annually beginning from the 1st of January of next year. Non-payment of the annual fees results in deletion from the Companies Registry.

The amount of 2040 USD includes the following services: formation of the company, duties payable to the local authorities for the incorporation of the company, Certificate of Incorporation with Apostille, provision of Memorandum Articles of Association authenticated by Registrar, Appointment of First Directors with Notary Public authentication, Share Certificates, initial minutes, provision of registered office and registered agent for 1 year, annual tax for the 1st year, two company seals, luxury leather corporate kit, courier delivery to Laveco office. The price contains no hidden costs!

Nominee Director (3 private persons): 990 USD
Nominee Shareholder: 295 USD
Power of Attorney with Notarial Certification: 490 USD
Notarial Certification or Apostille: 250 USD
Certificate of Good Standing:
495 USD
Certificate of Incumbency: 495 USD
In cases where the total number of attorneys, shareholders and beneficiaries in a company is more than 5, a supplement of 100 USD will be payable for each additional person.
Related news:
Panama Backtracks On Controversial New Tax Law    07.01.2014
Plans for the immobilisation of bearer shares in Panama    01.10.2013
Panama Approves Immobilization of Bearer Shares    02.08.2013