Business Formation

If you are thinking about starting a new business based in Panama and are looking for clear information about how to get started, our team of lawyers would be happy to help you, walking you through what you need to get started.  We have the team to assist your company from the napkin-note stage into and through its formation, growth, development, and maturity. We are happy to assist you decide which business entity best serves your business needs and provide you with the ongoing support that your business will need throughout the years.

At Gray & Co. our real world experience and legal backgrounds in business, tax law, and knowledge of local accounting issues, means more than just starting power for our business formation clients—it means follow-through from initial conception and formation to and through structuring. We nurture companies from their early-growth phases on into substantial revenues, multiple owners and classes of owners, investors and lenders, and a formal board of directors, rather than simple nominee directors.

Although it is common in Panama to simply use a corporation, we can discuss the variety of business entity options or organisational structures that are available for a new business owner.   Our lawyers understand that planning and selecting the appropriate entity type is essential, as this determines ownership and the management structure, as well as potential personal liability issues and tax implications.

When determining which business formation structure is the most appropriate, we will help you consider various
aspects of the business such as:

  • Ownership and Control of the Business
  • Taxation Issues, including double taxation treaties
  • Liability of Owners and Members
  • Distribution of Income
  • Issuance and Distribution of Stock
  • Panamanian & International regulations

Documentation and Agreements

In addition to preparing the Articles of Incorporation and standard books and records, we can craft the documents and implement the necessary protections that your new business needs.
We will customise our documents for your specific business needs, as we make ourselves available to answer any questions you may have.

Our business formation services include:

  • Entity selection
  • Drafting incorporation documents
  • Articles of Incorporation
    • Bylaws
    • Management Agreements
    • Shareholder Agreements
    • Buy-Sell Agreements
    • Partnership Agreements
    • LLC & Operating Agreements
As we discuss in our Billing Policy, we offer to our clients a variety of alternative fee arrangements, including flat or fixed fees for some of the firm's services, including business formation services. We are happy to provide a flat fee quote for appropriate project at our clients' request based on the defined scope of work to be performed.