We offer
practical and effective
solutions
Castrellon & Diaz is a firm of Financial Advisors and Lawyers in Panama City established 2006, specializing in the establishment of Corporation, Private Interest Foundations Protection of Assets and Heritage, Taxation and Fiscal Management, Immigration Procedures, as well as in various areas of corporate and tax law.
We offer all the necessary services to establish a limited company in Panama, offshore or local, always taking into consideration tax and tax aspects for the benefit of the client.
We guide our clients all the way to establish their company, before the start of their operations, until the achievement of their business objectives.

Meet our team
We offer complete services, specialized in establishing corporations and foundations in the Republic of Panama, legally empowered to serve as Resident Agents and Custodians of Bearer Shares
-
Carlos Andrés Castrellón
- Lawyer, Founder -
Sonia del Carmen Díaz
- Lawyer and Accountant, FounderUrb. Los Ángeles, Calle 63a,
Casa No. 31, Bethania, Ciudad de Panamá,
Rep. de Panamá.+507.6231.1579,+507.236.0803E-mail
FAQ
Is it necessary to go to Panama to complete some procedure for the creation of a Corporation or a Private Interest Foundation?
It is not necessary to come to Panama, all communication can be done through email, telephone or Skype and physical documents can be sent to our office via Courier. However, we always encourage our clients to visit our offices where one of the partners will personally assist them.
What are the annual charges for corporations and foundations?
The charge for Resident Agent is US$ 250 per year for corporation or foundations without distinction, said charge will be invoiced from the second year along with a single rate charge established by Law.
What is the difference between a Corporation and a Private Interest Foundation?
Corporations are used for profit-oriented businesses such as offshore commercial activities or retail stores, wholesalers, services, securities trading, banking, international trade, property ownership, etc.
The Foundations are used mainly for the protection of property like Holdings, in this way they are owners of the shares and property of corporations, real estate, bank accounts and other types of goods, without exercising them a commercial activity properly.
What documents are delivered with the incorporation of a corporation or foundation?
The Articles of Incorporation (optional with an official translation in English), Single Taxpayer Registry (RUC, Registro Único de Contribuyentes in spanish) and NIT, Act of Issuance of Shares and Share Certificates, the position of Resident Agent for the first year are included.
The foundations include the statutes of the foundation already registered (optional with an official translation in English), RUC and NIT, Resident Agent fees for the first year and optional Private Regulation according to the client’s instructions.
In the case of Offshore Companies, we offer services of nominal directors in which case we include the letters of resignation signed for each director (without date), plus a Power of Attorney in his favor, duly notarized (optional apostille).
Is it necessary to submit Income Statements in Panama for Offshore Companies or Private Interest Foundations?
We recommend that all offshore companies present their annual tax return supporting their commercial activities that do not pay taxes due to being outside the territory of Panama. In the case of not having operations, a Declaration of Income “without operations” is also presented.
For Foundations that are receiving income from rents of their property or some other type of income, it would be equally necessary to present the Annual Income Tax Return.
Unlike other law firms, our firm has an Authorized Public Accountant and an Accounting / Audit department, with the expertise to offer all the advice and services necessary to comply with the Law and the tax regulations of the Republic of Panama.
What are nominal Directors and Officers?
Some clients prefer not to be appointed as directors/officers in corporation or foundations in order to maintain their privacy. In this case, our firm appoints natural persons to exercise these positions without having greater authority to make decisions of the constituted entity.
Let us evaluate your case
If you want to speak directly with us
Call us
+507 236-0803
+507 6231-1579