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Limited Liability Companies in Panama

LIMITED LIABILITY COMPANIES IN PANAMA

~Advantages          ~Legislation          ~Services offered by The Firm

Ours laws also permit the creation of Limited Liability Companies in Panama. This was made possible when the National Assembly approved Law 24 on February 1, 1966, which regulated Limited Liability Companies, and which was superseded by Law 4 of January 9, 2009, which is currently in force.

To that end, our laws allow two (2) or more persons, either individuals or corporations, to constitute Limited Liability Companies in Panama and to be their administrators.

Advantages of  Limited Liability Companies in Panama

Limited Liability Companies in Panama may undertake any legal commercial or civil activity.

The capital stock consists of contributions in money, species or services by the shareholders and shall bereflected in the Partnership Agreement as stock or shares. The value of contributions in species or services shall be set by the shareholders.

Shareholders of Limited Liability Companies in Panama shall share in both profits and losses, proportionate to their share of the capital stock.

Panamanian Legislation regarding Limited Liability Corporations, Law 4 of 9 of January de 2010

Law 4 of January 9th of 2009 point out in its article 25:

"The economic responsibility of each partner for the obligations acquired by the Corporation will be limited to the amount of its done and promised participation"

Download the Law in PDF file

Services Offered by the Firm regarding Limited Liability Corporations in Panama

Our Firm specializes in rapidly and efficiently handling the entire incorporation process for Limited Liability Companies, as well as preparing any documents needed by our clients, including private agreements between shareholders.

We also pay the Flat Rate Corporate Tax when the Limited Liability Company is constituted.

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