Articles of Incorporation.
In Panama, two or more natural persons may create a corporation by executing a charter of incorporation. The incorporators need not be citizen or residents of Panama. According to Article 2 of the General Corporation Law or Number 32 of 1927, the charter must contain the follow information:
The Name of the Corporation.
The name of the corporation must include a word, phrase or abbreviation indicating that is a corporation, and distinguishing it from other types of business organizations. The usual abbreviations are: ?S.A.?, ?Inc.? and ?Corp.?. The name may not be the same as, nor be similar to the name of any other existing corporation.
The General Purpose or Purposes of the Corporation.
Panamanian law expressly allows a corporation to engage in any business activity. Thus, the enumeration of particular corporate purposes does not preclude the corporation from pursuing other activities not expressly set out in the charter.
The Amount of the Authorized Capital.
The amount of the authorized capital, as well as the par value of the shares into which the capital is to be divided, may be established by the...
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