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Legal Forms of Companies

Sociedad de responsabilidad limitada or S de RL (Limited Liability Company)

Number of partners: At least 2 shareholders
Capital (max/min): No minimum capital required
Shareholders and liability: Limited to the amount of capital contributions

Sociedad anonima or SA (Corporation)

Number of partners: At least 3 executives and 1 shareholder. No limit in the number of partners
Capital (max/min): USD 10,000
Shareholders and liability: Only limited to unpaid subscribed capital

Sociedad en Comandita Simple

Number of partners: At least two, one general partner and one silent parnet
Capital (max/min): No minimum capital required
Shareholders and liability: Unlimited for general partners, limited for silent partners

The Competent Organisation

The Public Registry for incorporations of Companies and Foundations in Panama.

Source: Doing Business, 2016