# Incorporate a Company

> Guide to incorporate a company in Panama. Simplified process through Panama Emprende, 100% foreign ownership allowed, no limits on capital flow.

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Panama allows 100% foreign ownership in companies and imposes no limits on capital flow. Company incorporation is done through the Panama Emprende portal, with a digitalized process. The most common entity types are the Corporation (S.A.) and Limited Liability Company (S.R.L.).

## Steps

1. **Choose entity type** — S.A. (Corporation) or S.R.L. (Limited Liability Company)
2. **Hire Panamanian lawyer** — Required to draft the articles of incorporation and bylaws
3. **Register at Panama Emprende** — Government digital portal for business procedures
4. **Obtain Operation Notice** — Commercial operation permit issued digitally
5. **Open bank account** — With the registered company documents

## Resources

- [Panama Emprende - Official Portal](https://www.panamaemprende.gob.pa/)

_It is recommended to consult with a Panamanian lawyer for the incorporation process._