Corporate DeskSign inSign up

Business

Panama — Business: Limited Company

The Panamanian government's beneficial-ownership guide on the sociedad de responsabilidad limitada (S.R.L.): governed by Law 4 of 2009, minimum two people, registered, with a resident agent. It does not give capital or fee figures.

VerifiedGovernment / official sourcePanama Ministry of Economy and Finance – Beneficial Ownership Guide for Panama (2026)Last reviewed: 2026-10-27

Key facts

  • The S.R.L. is governed by Law 4 of 9 January 2009, which regulates limited liability companies.
  • The guide lists a minimum of two natural persons to form an S.R.L.
  • An S.R.L. must register in the Public Registry and has its own legal personality.
  • It needs a notary or trust and company service provider to form, and must have a registered (resident) agent in Panama.
  • Tax returns are mandatory for an S.R.L. formed in Panama whose income is not foreign-sourced.
  • Beneficial owners must be reported and verified under the beneficial-ownership regime, and the entity is not required to keep a bank account in Panama.
  • The guide does not give minimum capital, fees or registration times.

Steps

  1. Registration with the Public Registry — Details on the registration process are uncertain and may require consultation with a local attorney
  2. Obtaining a Taxpayer ID — The requirements and process for obtaining a Taxpayer ID are unclear from publicly available sources
  3. Opening a Bank Account — Opening a bank account for a limited company in Panama may be subject to strict requirements and potential delays

← Back to Panama guides