IBC-Panama has the following parties involved:

Shareholders: The shareholders constitute the supreme power of the Corporation. Shareholder's approval is required for: the amendments of the Articles of Incorporation; the sale, lease, exchange or disposal of capitals assets; the approval of mergers or consolidation agreements with other corporations and the dissolution of the corporation. The Shareholders identity is not registered on the Panama Public Registry.

Subscribers: In order to be incorporated, Panama Corporations must have two subscribers present on the Public Registry. In IBC-Panama we provide both subscribers.

Directors/Officers: The management, administration and business of the Corporation is administered and conducted by Directors/Officers, composed of at least 3 members of full age, of any nationality and resident of any country or can also be another corporations.

These Directors/Officers:

• Have complete control and management of the corporations’ affairs.
• Are not required to be shareholders.
• Will legally represent the corporation as President, Treasurer and Secretary. One Director may undertake two or more places.

Nominee Directors: By Law the names of the three Directors / Officers are recorded on the Panama Public Registry; therefore some clients prefer to have an appointed nominee for Directors/Officers and simply keep control of the corporation maintaining in complete confidentiality its shareholders identity. IBC-Panama can include all 3 nominees Directors with no additional cost.

Resident Agent: A Resident Agent or Agent is the link between the corporation and the Panamanian Government. They take care of paying the corporation’s annual taxes and provide any legal assistance that the corporation may needed. By Law, the Registered Agent must be an Attorney in Panama or a Panama Law Firm. IBC-Panama provides the Resident Agent service.