IBC-Panama has an excellent and special types and categories of shares which can be easily combined:

Types

To the bearer Shares: These can be passed from bearer/holder/owner to another bearer/holder/owner by a private document (physical certificate) without re-registering the shares in the Panama Public Registry. This is a very anonymous and confidential form of ownership.

Nominative Shares: These identify their owners. So their endorsement and their registration in the corporation´s books are needed for their assignment. However these shares do not need to be re-registered in the Panama Public Registry as share certificates are issued through private document.

Categories

With Par Value: Shares with par value are those which have a nominal dollar amount.

Without Par Value: Shares without par value are those that do not have a nominal dollar value, in this case the Board of Directors (IBC-Panama Structure: Directors/Officers) must establish the price in which these shares will be sold.

Combinations

Shares can be issued to the bearer or nominative with or without par value.

Corporation Shares are always issued through a private document therefore Shareholders identity is not registered on the Panama Public Registry.