🇵🇦 Cost of Setting Up in Panama

Complete cost breakdown for company formation in Panama — formation fees, annual compliance, office space, and structure-specific costs.

Cost Overview

Cost Breakdown (USD)

Formation Cost

$1,000 – $2,000

Annual Compliance

$300 – $800

Office Space

$0 (registered agent address) – $6,000/year (physical office)

Cost by Structure

Anonymous Society (Corporation) (SA)

Minimum CapitalNo minimum required — standard authorised capital of USD 10,000 (no paid-up requirement)

Annual Cost$300 – $800/year (annual franchise tax + registered agent)

Setup Timeline3–5 business days

International Business Company (IBC)

Minimum CapitalNo minimum

Annual Cost$300 – $600/year

Setup Timeline3–5 business days

This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.