Individuals can establish new and existing international businesses in Panama to experience the country’s low taxes and open trade. Mata & Pitti is a law firm that specializes in international business, immigration, and banking in Panama. Here are some of the ways we help international businesses get started:
Completing Paperwork
Before businesses can start their operations in Panama, they must complete the appropriate paperwork. Mata & Pitti will obtain the necessary documents, including public deeds, articles of incorporation, certification of incorporation, and more. We make sure you understand all the details involved in the contracts and agreements to help you make informed business decisions. We also offer secretarial and power of attorney services, which allow us to receive, fill out, and submit documentation for international business owners. This is beneficial for owners who do not currently reside in Panama and aren’t available to meet with our firm in person. Having a team of legal professionals prepare and translate all necessary paperwork protects companies from potential legal consequences in the future.
We help businesses register trademarks in Panama to protect their merchandise and intellectual property during import, export, and re-export. Panama trademarks are valid for 5-10 years, and companies can apply for renewals after they expire. We submit all new trademarks to the Bulletin of Industrial Property for publication. If your trademark has been published for 60 days without any claims against it, it becomes official, and you can use it for business purposes.
Banking in Panama
Panama has a thriving economy and business climate, making it a good location for businesses to open bank accounts. With strict regulations and a stable government, companies can keep their funds in Panama without concern of economic turmoil. A law firm like Mata & Pitti will inform business owners of the types of international bank accounts they can open to protect their funds. Some asset protection options we may recommend to new businesses include establishing a corporation, private interest foundation, or trust. Placing your international business’s funds in a Panama bank protects them from domestic lawsuits and other claims.
Banking in Panama is simplified for U.S. residents, as the main currency in Panama is the U.S. dollar. This makes it easy for U.S. businesses to open accounts, transfer funds, and make investments without the restrictions of currency exchange issues. The reduced tax rates in Panama also make it an ideal location for international companies to bank. Our team will recommend local banks in Panama and around the world to help you find credible institutions.
Finding Investment Opportunities
Our law firm advises individuals and businesses on the types of investments they can make within Panama. International companies can invest in commodities, currencies, foreign stocks, government bonds, and other financial resources that are unavailable in their home countries. Some investment opportunities are government-sponsored and solidify our clients’ presence as reputable business owners or residents contributing to Panama’s economic health. During our due diligence processes, our lawyers will assess all investment opportunities to determine their risks and potential value. This protects our firm and your business from engaging in fraudulent activities that could cause financial and reputational damage.
Work With a Panama Law Firm
Mata & Pitti has been helping international clients start businesses, open bank accounts, register vessels, and gain residency in Panama for over 30 years. Our team is located in Panama City and meets with clients in person, through email, or over the phone. These communication methods enable us to reach individuals and organizations around the world who are interested in offshore services in Panama. Contact our team today to learn more about our legal services and how we can help you establish an international business.