Plan C: Limited Liability Company + Nominal Managers + Bank Account in Panama

Includes:

• Articles of Incorporation through which the Limited Liability Company is formed, properly inscribed in the Public Registry of Panama, in Spanish and English (English available upon request from the client).
• Original Certificate from the Public Registry confirming the Company’s existence (Good Standing Certificate).
• Share certificates for each partner.
• Nominal Managers (includes two managers).
• Signed resignation of the Nominal Managers.
• General Power of Attorney for Administration issued by the Partners Assembly in a private document.
• Documents with Apostilles (stamps) to facilitate international use.
• Legal Fees for the first year for Resident Agent services.
• Courier expenses for all required documents.
• Introduction and support for opening a bank account in Panama, with assistance through the setup process, handling of necessary documents, and use of a P.O. Box for secure delivery of banking items (checkbooks, cards, PINs).

Note: For pricing, please contact us.

Establishing a Limited Liability Company (LLC) in Panama

Setting up a Limited Liability Company (LLC) in Panama is ideal for business owners seeking benefits from the country’s favorable corporate landscape, such as tax advantages, a streamlined registration process, and an efficient banking framework. Leading this service is Delvalle & Delvalle, a premier law firm in Panama dedicated to guiding clients through every stage of the company formation journey.

Delvalle & Delvalle provides an all-encompassing service, ensuring that essential legal, administrative, and financial setup elements are in place. This comprehensive package includes LLC formation, appointment of nominal managers, and full support in establishing a bank account, allowing business owners to concentrate on operations while legalities are managed professionally.

Key Components of the Plan

Setting up an LLC in Panama with Delvalle & Delvalle includes the following foundational elements:

• Articles of Incorporation: Establishes the company’s legal structure, purpose, and partner details, and is inscribed in the Public Registry of Panama. Available in both Spanish and English (English provided upon request).
• Certificate of Good Standing: Ensures legal recognition and operational status within Panama. Delvalle & Delvalle handles the process, keeping your company compliant.
• Share Certificates: Secures the LLC’s ownership structure. Delvalle & Delvalle provides share certificates for each partner, defining internal company organization.

In addition to these core elements, the service includes legal and administrative documentation, such as the General Power of Attorney for Administration issued by the Partners Assembly, crafted to ensure smooth LLC operation.

Nominal Managers

A unique feature in Panama’s corporate framework, nominal managers provide added privacy and flexibility. Delvalle & Delvalle includes two nominal managers in the LLC formation package, maintaining owner privacy on public records.

• What Are Nominal Managers? Nominal managers represent the LLC’s real owners without decision-making power unless explicitly granted. This arrangement keeps the true owners’ identities confidential while retaining their control over the company.
• Signed Resignation of Nominal Managers: Delvalle & Delvalle supplies signed resignation documents from the nominal managers, allowing owners to remove them anytime without legal complications, ensuring privacy and peace of mind.

Administrative and Legal Documentation

Effective LLC operations in Panama require diligent legal compliance. Delvalle & Delvalle handles document preparation, notarization, and submission in line with Panamanian law.

• General Power of Attorney for Administration: Grants authority for day-to-day management and decisions, essential for LLC functionality. Delvalle & Delvalle drafts and notarizes this document to legal standards.
• Apostilled Documents: Delvalle & Delvalle provides Apostille services, ensuring your LLC’s documents are recognized internationally for transactions or cross-border dealings.

Additionally, Delvalle & Delvalle manages the first year’s legal fees for Resident Agent services, ensuring regulatory compliance.

• Courier Expenses: To accommodate international clients, Delvalle & Delvalle covers courier expenses, ensuring secure delivery of legal documents.

Bank Account Setup

Opening a business bank account in Panama is essential for managing finances and conducting transactions. Delvalle & Delvalle facilitates this process, making it seamless.

• Bank Introduction: Delvalle & Delvalle introduces clients to reputable Panamanian banks, expediting account setup and assisting with the documentation requirements. Their familiarity with local banking standards guarantees an efficient experience.
• Handling Banking Documents: Once the account is established, Delvalle & Delvalle ensures secure delivery of essential banking materials such as checkbooks, debit cards, and PIN codes.

Establishing an LLC in Panama through Delvalle & Delvalle provides a streamlined, flexible approach to setting up a business in one of the world’s most business-friendly jurisdictions. With extensive experience in corporate services, Delvalle & Delvalle ensures that your LLC is compliant, operational, and financially equipped.