How and why Lacayo & Associates can help you in your legal services in general?

At L&A we have a good team of lawyers that guarantees the superior quality of our services in all our areas of practice. Our experts have the ability to understand them and give real and practical solutions to the tasks assigned.

We always provide our services meeting the highest quality standards and optimizing to the maximum the quotas of time necessary for its management.

List of Legal Services


Procedures for Corporate Services

Constitution of Corporations
Constitution of Private Foundations
Corporate Restructuring
Shareholder Rights, Relations and Dispute Resolution
Mergers & Acquisitions
Drafting of Commercial Contracts
Structuring of Commercial Operations
Insurance and Reinsurance
Energy and Hydroelectric
Affairs on the Environment


What is a Corporation?

It is a legal instrument that allows commercial activities and in turn ensures the distribution of the profits generated in proportion to the number of shares that each member represents.
 
Business Benefits: Commercial activities that make a Corporation outside the Panamanian jurisdiction are exempt from income tax.

Corporate Benefits: Preserves confidentially and almost anonymous the identity of its shareholders.
 
Assets Benefits: Shareholders have the opportunity to separate the activities and responsibilities of the corporation from the rest of his/her estate.

When a Corporation is useful?

  • To formalize the start of a business.
  • To become a holding company.
  • To reduce tax costs in transactions outside Panama.
  • To separate personal assets from business risks
  • To make business operations more anonymous

How to form a Corporation?

  1. Filling the attached (PDF Download Here)
  2. Sending copy of passports (shareholders and directors)
  3. Paying the invoice for the establishment the S. A

Corporations Additional Information

Advantages of a Corporation

  • No income tax on transactions outside Panama.
  • The annual maintenance cost including tax and annual resident agent fees does not exceed $ 550.
  • Shares may be registered or bearer.
  • Directors and officers may be legal or natural persons of any nationality.
  • It is not required that the share capital or part of it is paid.
  • The authorized capital of the corporation may be established in any currency.
  • Meetings of the board of directors and shareholders may take place anywhere in the world.
  • A number of shareholders are not required.

What is a Private Foundation?

It is a legal instrument that allows that one or more natural or legal persons allocate an asset exclusively to meet aims and objectives established in the foundation charter.
 
Commercial Benefits: Commercial activities that make a foundation out of the Panamanian jurisdiction are exempt from income tax.
 
Corporate Benefits: Allows that the purposes of the foundation are met in a more confidential and private manner as the law does not require that the identity of the beneficiaries to be disclosed publicly.
 
Assets Benefits: The assets of the foundation cannot be seized or garnished. Since the property in the name of the foundation cannot be attacked by personal obligations of its founders and (or) beneficiaries.
 
Family Benefit: Allows that the assets of the founder be transferred to the beneficiaries tax free once the founder dies.

When a Private Foundation is useful?

  • To carry out commercial, personal or family purposes more confidential.
  • To reduce tax costs in transactions outside Panama.
  • To reduce inheritance of property taxes.
  • To protect certain property of obligations and personal responsibilities.

How to start a Private Foundation?

  1. Filling the attached forms (PDF Download Here)
  2. Sending copy of passports (founders and beneficiaries)
  3. Paying the invoice for the establishment of the foundation.
  4. Provide the required minimum nominal capital of $ 10,000 (can be made after the establishment of the foundation)

Additional Information Private Foundations

Advantages of a Private Foundation

  • The income tax is not paid on transactions outside Panama.
  • There is no requirement that the name of its founders, beneficiaries or protectors is disclosed.
  • Protection of Assets but without the need to transfer the property to a third party.
  • Can carry out commercial transactions in unusual way.
  • Can be used as a will without being subjected to the processes of succession in the ordinary courts.
  • Serves as a means of family planning.
  • The possibility of following aims and objectives for a long time even after the founder's death.

Our Immigration Services

At Lacayo & Associates we can guide you in the process of obtaining the necessary permits and visas for the stay of foreigners in Panama. Our professionals are trained to provide them the best option, which will give you the benefits and opportunities that best suit their needs and immigration status within the Republic of Panama.

Visas and Residence Permits allow you to:

  • Work in Panama
  • Visit for Tourism
  • Transit through Panama for work
  • Live in Panama as a foreign investor
  • Visit (or live) in Panama for family reasons
  • Visit (or live) in Panama for educational purposes
  • Among other

Immigration Procedures and Services

Types of Visas
Permanet Resident Permits
Temporary Resident Permits
Naturalization