A branch in Panama allows the registration of a foreign company so that it can operate within the country in a legitimate manner.
Requirements to register a branch in Panama:
- Apostilled copy of the corporate bylaws of the parent company, with all their modifications
- Certificate of Validity from the parent company
- Written resolution where the following are agreed:
- The constitution of the Branch Office in Panama
- Minimum capital
- Designation of the resident agent
- Appointment of legal representative and members of the board of directors (President, Secretary and Treasurer)
- Company balance sheet certified by an accountant from the country of origin
and:
- Notarization of the above-mentioned incorporation documents
- Registration of corporate by-laws in the public register
Process for registering a branch in Panama.
The process for registering a branch in Panama is as follows:
- Authenticate the articles of incorporation prepared in accordance with the statutes of the parent company and requirements mentioned above;
- Register the branch in the Public Registry of Panama;
- Register the branch with the General Directorate of Revenue to obtain the single taxpayer registration (R.U.C);
- Request a trading notice or business license;
- Open a corporate bank account.
As an additional suggestion, we recommend that, when registering your branch, you also register the trademark or patent of the products and/or services with the General Directorate of Intellectual Property Registration that it offers, to keep your operations protected.
At Limitless Legal, we support you throughout the company incorporation process to facilitate the procedures.
