Corporate development management

Creation and management of foreign companies

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Foreign companies that wish to expand their activities to Panama may count on the expertise and experience of Sunrise Business Corporation. We offer our customers the necessary support in the creation, structuring, management, and supervision phases of the Panama branch.

Our Services

For matters relating to visas for foreigners, insurance, logistics, office search, and partnership search, we have a broad network of competent partner companies with a large international experience.

virtual office

Take a look at some of the office services that you can have access to by hiring a virtual office.

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What is the advantage of hiring a virtual office?

With a virtual office, you have more quality of life, as you avoid the stress of traffic, gain time, and do not have the high costs necessary to set up a traditional office on your own. Check out some of the costs or fees you will no longer have to worry about:

• Property rental
• Property renovation
• Condominium fee
• Purchase of furniture
• Suppliers management
• Electricity, lighting, air conditioning, telephone service, internet, office supplies, etc.
• Recruitment, selection, control, management, and salary of a support staff.

+Advantages

Telephone operator

For those who need a landline with customized, bilingual (Spanish, English) human telephone customer service, with transferring of messages and calls.

Address

For those who need a fixed address for business purposes, such as promotion and printed materials, website, and receipt of mail.

Corporate

For those who seek a solution with electronic telephone answering and need a business address for promotion, but do not need an address for tax residence purposes.

Corporate telephone operator

For those who seek a solution with customized, bilingual, human telephone customer service and need a business address for promotion, but do not need an address for tax residence purposes.

Tax residence

For those who seek a tax residence to open or transfer a company or branch. Your accountant will have the support of our specialized team, offering all necessary guidance.

+ Complete

Those who wish to have all virtual office services will have access to a business address, customized, bilingual, human telephone customer service, and a tax residence. Your accountant will have the support of our specialized team, offering all necessary guidance.

• You will have an exclusive telephone number for your company.
• Bilingual secretary.
• Your clients will have customized bilingual customer service.
• Answering machine.
• Electronic customized service system with pre-programmed options.
• Prestigious address.
• Prestigious fixed business address for your mail or promotional material.
• Tax residence
• You can use the tax residence to open or transfer your company or branch.
• Mail management.
• Receive packages and mail at your business address and pick them up at your convenience..

Panama Immigration

Panama Friendly Nations Visa.

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The Panama Friendly nations Visa is one of the cheapest immigration solutions for professionals, with the lowest taxes. Panama offers a permanent residence permit and tax free income from abroad for applicants. Candidates may obtain a permanent residence permit in Panama if they are professionals who work for a company in Panama. In this case, there are a few professions reserved only for Panama citizens, such as architects, attorneys, engineers, and doctors. Alternatively, candidates may create a company in Panama, where they must be the CEO. .

Permanent residence permit cost with the Panama Friendly nations Visa.

For the principal:

• Legal costs, expenditures, bank account opening, agency fees: from 5.000 USD.
• Work permit: from 2.000 dollars work permit is optional; the candidate will need it if he/she intends to work in Panama.
• Form a company from 1.450 USD.
• Bank deposit: 5.000 USD + 2.000 USD for each dependent.

Dependents:

Legal fees, expenditures, and agency fee: for kids under 12 years old, from 1.500 USD, for people over 12 years old, from 2.200 USD.

Main requirements and documents required for the Panama Friendly nation Visa

• Bank account with at least 5.000 USD.
• Job offer or form a company with the applicant in the executive board.
• Police report with apostille.
• Three photographs in passport size.
• Letter on professional or economic activity types in Panama.
• Letter of responsibility for your dependents.
• 5.000 USD deposit in a bank account in Panama as proof of solvency.

Main benefits of the permanent residence permit with the friendly nation visa

• The process is very quick – applications are approved in no later than two months.
• The applicant can live in Panama and has the right to get identity and work permit..
• Panama is a country with a low-tax regimen, where income from abroad is tax-free.

Who is eligible for the Panama friendly nation visa?

Citizens from 47 countries may apply for the Panama friendly nation visa. In 2012, the following countries were declared as Panama friendly nations with close professional bounds for the permanent residence permit: Andorra, Argentina, Austria, Australia, Belgium, Brazil, Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxemburg, Malta, Monaco, San Marino, Montenegro, Netherlands, New Zealand, Norway, Poland, Portugal, Serbia, Singapore, Slovakia, Spain, South Africa, South Korea, Sweden, Switzerland, Taiwan, United States of America, Uruguay, United Kingdom.

Presence in Person in Panama

Panama citizenship passport – Permanent residence permit. The candidate must travel twice, if he/she also wishes to apply for a work permit. In the first time, the process takes about three days for formal registration and bank account opening.

During the second trip to Panama, the resident receives the permanent residence permit. A third trip is only necessary if the residents would like to work in Panama, in which case they may get a work permit.

To maintain permanent residence, the candidate must spend at least three days a year in Panama.