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Minimum of two subscribers and thereafter minimum of one shareholder. |

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Minimum of three director - also required to appoint a minimum of 3 officers who may also be the Directors . |
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Company Secretary must be appointed. |
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Minimum issued share capital of £100. |
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Directors can be corporate or individual and two must be local residents. |
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Meetings of directors or shareholders may be held in any country. |
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No public disclosure of directors in Panama.( < $50,001) |
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No public disclosure of shareholders in Panama. |
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No Requirement to file either accounts or annual return. |

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Minimum Annual Government licence fees (currently US$200) where authorised share capital does not exceed US $100,000 |