About Panama LLC Companies

Panama Limited Liability Companies (LLC) work similar to a Corporation but with less complexity. Law 4 from January 9, 2009 regulates their requirements and operations. These companies can carry civil or commercial activities, whether in Panama or anywhere in the world.

LLCs must carry a name available at the Panamanian Public Registry, and such name must include the suffix Sociedad de Responsabilidad Limitada or the initials S. de RL


Subscribers: The law requires a minimum of 2 persons, whether natural or legal, to open an LLC. These persons can be Panamanian or foreigners, and they are NOT required to be a company owner.

Initial Investment: The initial capital to open the LLC does not have to be liquid or available up front, and can be registered in any currency. The responsibility of each partner is limited and proportional to the capital invested.

Partners: The law requires a minimum of two partners or owners to open the LLC, whose information must be recorded in the Public Registry. These can be natural or legal persons, and there’s no maximum cap the number of partners. Owners can dispose of their stake in the company at any time with a private document.

Incorporation Process

The law requires a private notarized document or a notarized public deed to open an LLC and register such company in the Public Registry. This document will include:

  • The personal details of subscribers and partners
  • The LLC official location
  • The LLC duration, whether for a finite period of time, or indefinite
  • The purpose of the LLC, which can be open or limited
  • The initial capital investment in any currency, which we recommend to be of US10,000. However, the minimum capital investment can be less or more than that.
  • The personal details of managers responsible for the LLC administration and the legal representation. These managers may or may not be LLC owners
  • The personal details of any other administration member (e.g. secretary, treasurer, etc), persons with general or special power of attorney, and their capacity in such function


One of the main benefits of an LLC is its transparency, given that the owner’s personal information is publicly available, which is a requirement to do business in many countries nowadays.

Besides, it is possible to use Panamanian LLCs to do business whether in Panama or abroad, and the owner’s personal assets are separate from the LLC assets in the same way that Corporations (such as IBC) work.

On top of that, LLCs can be converted to Corporations at any time, and the other way around.

Finally, all foreign, non-Panamanian sources of income of the LLC are NOT subject to Panamanian income taxes.

Contact Us for more information or to open your LLC in Panama.

Open your LLC Company in Panama Today

  • Certificate of Incorporation (CRP)
  • Certificate of Incorporation English Translation
  • Original Articles of Incorporation (Pacto Social and Deed)
  • Corporate Handbook including:
    • Minutes
    • Notarized Stock Registry
    • Notarized Acts Record
    • Resignation of Subscribers
    • Resignation of Nominee Directors (if applicable)
    • Meeting of Board of Directors
    • RUC/Tax ID Number
    • Tax Login Account Info
    • Share Certificates issued as requested
    • Digital Copies of all signed documents
  • First Year Government Tax
  • Public Registry and Notary Expenses

Start your LLC Company (No Nominees)

$1,400.00Add to Order

Start your LLC Company (With Nominees)
(There is a charge of $300 per year to use Nominee Directors. First year is included in this cost)

$1,700.00Add to Order

By law, opening a LLC Company requires naming at least 2 persons (individuals or entities) for Managers and 1 for Officers. Managers and Officers may or may not be the same persons. Together, Managers and Officers are responsible for the LLC management and administration before the law . The names of Managers and Officers are recorded in the Panama Public Registry.

Panamanian law allows the use of Nominee Directors and Officers. Kraemer and Kraemer offers our law firms’ Corporate Nominees, which can be appointed as your Nominee Managers and / or Officers in your LLC. This has an additional cost of $300 PER YEAR , and allows you to use up to 3 Corporate Nominees, provided by our firm.

Using Corporate Nominees is a good option when you are concerned with personal privacy. However, please be advised that some Panamanian banks may not be willing to work with a LLC registered with Corporate Nominees.

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