Legal Question in Business Law in Panama

Re: incorporation

It is indeed possible to set up a Panamanian corporation for your website, regardless the place you live in or your citizenship.

The information you have to provide is the following:

- the desired name for the corporation (in any language whatsoever),

- the capital amount (stated in any valid currency),

- how many shares would be the capital divided into,

- the type of shares (bearer, registered or both),

- the name of at least three people to serve as executive officers and directors.

Once you have completed the incorporation process you may transfer the domain of your website and the hosting account to your corporation. The profit made through the website may be considered exempt of income taxes in Panama.