This article posted on our partner site illustrates the requirement of a corporation in Panama. It states that the company name must end in Corp, Inc, or Ltd, it can be owned by only one person but must have these offices: president, treasurer and a secretary. One person can hold multiple positions and that there must be a minimum of three directors that may be any nationality and not reside in Panama. There must be at least one shareholder. A company incorporates by presenting a proposed corporation’s signed Articles of Incorporation to a Notary Public. The article also elaborates on features, taxation and timescale to incorporation of Panama corporations.

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