How to Form a Company in Panama as a Non-Resident — 2026 Guide

Panama SA (Sociedad Anónima) — classic offshore/international structure. Bearer shares abolished (2015). 0% corporate tax on foreign-source income (territorial system). Formation: $800–1,500. Annual maintenance: $300–600. Banking: increasingly difficult without genuine substance; Banistmo, Global Bank. FATF grey-listed Panama (as of this writing) — some banks have restrictions. Best use case: holding company for LatAm assets rather than active trading entity.