Info Guides

Bearer Shares vs. Panama Nominative Shares

- In this type of share the name of the shareholder/owner is listed in the certificate of share.
-  Nominative shares may be issued common or preferred.
-  Nominative shares, offers the same degree of confidentiality than bearer shares do, as they are not registered in any public office.
- Nominative shares, to be transferred,  must be endorsed by the shareholder, this is usually done in a private document provided by our law firm.
- With this type of share, the shareholder is allow to keep the original certificate of share, which will be send along with the rest of the corporate documents. 
- In this type of shares, the name of the shareholder / owner, is not listed the certificate of share, the holder of the share, is considered as the owner.
- Bearer shares may be issued common or preferred.
- Bearer shares are very easy to transfer, owner must physically deliver the certificate to the new shareholder to be considered as transferred.
- Most banks in Panama are no longer accepting clients which corporations are entitle to issue bearer shares. 
- That according to the Law 47 of August 6th, 2013, all companies that are allow to issue bearer shares are committed into the custodial arrangements of its bearer certificate, meaning that the resident agent of the company will act as  custodian of the original certificate. 
When choosing bearer shares you should accept the custodian regime of these shares, DELVALLE & DELVALLE will be the authorized custodian. The annual charge for custody of the shares is USD$400 that will be charge along with the annuity of the Company. 


Shares vs Nominative


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Panama City, Rep of Panama.

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