Directors and officers need not be shareholders and they may be non-resident aliens. Directors may be companies or natural persons. Nominee Directors are provided by Maritime International Ltd. if desired, at no additional cost. The capital may be expressed in any convertible currency. The minimum issued capital is either one share of no par value or one share of par value.
Higher capitalization requires higher government fees.
No requirement to disclose beneficial owners. Full exemption from taxation on any business activity or transaction carried on outside of Panama. Reasonable formation and maintenance costs and fees. No minimum nor maximum capital requirements. Minimum registration fee on capital.