A Panama Offshore Company privacy level I would say is not the best in the industry, but it is not the worst, as there are still ways to make a Panama Offshore Company Private, but this requires extra layers like having nominee directors or corporate directors.
Company Formation Document and By Laws privacy
The company formation document can be found online and for free, including its amendments, on the Public Registry website.
https://www.rp.gob.pa/RegistroUsuario
The Company Formation Documents, or By-laws, are publicly accessible and for free to the public, this document shows the signatory of the document (shareholder) and the initial directors.
It is worth nothing that the Public Registry shows additionally any other amendment related to the company
Shareholder’s information
The Shareholders of the company are initially shown in the public deed as the signatories of the deed and subscribers of the shares. This deed can be found on public records as explained above.
If the UBOs appear in the initial public deed, the names will appear as the subscriber of the Constitution Deed.
People usually use a nominee to sign the deed, and then transfer the shares to the UBO.
Officials.
The appointed officials like Directors, President, Secretary, Treasurer, can be found online and for free, including their addresses. A solution to this is having a nominee officials, as explained further below.
Nominee directors
Nominee directors can be appointed, but these licensed nominees must report them being nominees to the authorities.
Final Thoughts
I think Panama is still a good option, but given its current Economic Subtance Requirements (effective January 2027), and its privacy transparency, this option has to be studied on a case-by-case basis, as on a client case-by-case basis we can assess if a Panama company is the best option for the client and execute company formation and bank account opening, or if another option we be more suitable for the client’s objective.
Jean Franco Fernandez Clark
Founder & CEO
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