Panama Offshore Company FAQs

1.How many shareholders are required to start an Offshore company in Panama?

The minimum requirement to start an offshore company in Panama is 1.

2.Is there any mandatory for Company Secretary for an Offshore Company in Panama?

Yes, there is a reporting requirement for an Anguilla IBC.

3.What is a Nominee Director?

A nominee director is an individual appointed by the board of a company to represent the interest of the appointer.

4.What is the standard currency of Panama?

The official currency of Panama is Balboa (PAB). 1 USD$ = PAB 1.00. However, US $ is the major currency in Panama.

5.What is the official language of Panama?

Spanish is the official language of Panama.