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Belize or Panama: where to set up your company?
Two deliverable jurisdictions, side by side on the facts our profiles carry — company form, tax, capital, timeline, banking, substance and our price. Who each one fits, what really decides between them, and the traps of each.
| Belize | Panama | |
|---|---|---|
| Usual company form | IBC | SA |
| Corporate taxation | 0 to 19 % depending on income source | 0 % territorial |
| Share capital | $50,000 | $10,000 |
| Incorporation time | 2–3 days | 3–4 days |
| Banking access | Difficult | Difficult |
| Substance requirement | Necessary, but not sufficient on its own | Necessary, but not sufficient on its own |
| Our services | from 1,790 € | from 2,690 € |
Belize — who it's for
- Among the lowest incorporation and maintenance costs.
- Statutory flexibility.
Panama — who it's for
- Strict territoriality, long-established legal framework.
- Private interest foundation available for asset holding.
- Regional logistics and banking hub.
What really decides between them
- Corporate tax — Belize : 0 to 19 % depending on income source · Panama : 0 % territorial
- Minimum capital — Belize : $50,000 · Panama : $10,000
- Registration time — Belize : 2–3 days · Panama : 3–4 days
- Banking access — Belize : Difficult · Panama : Difficult
- Substance — Belize : Necessary, but not sufficient on its own · Panama : Necessary, but not sufficient on its own
- Our price — Belize : from 1,790 € · Panama : from 2,690 €
Figures from each profile; to be checked there. The right choice depends on where you will really operate and bank.
Traps — Belize
- The 2019 reform subjected certain IBCs to local tax and accounting obligations.
- Many banks refuse Belize on principle.
Traps — Panama
- Removed from the EU list of non-cooperative jurisdictions on 9 October 2026, Panama remains under watch (Annex II).
- Removal from the list has not yet changed banks' attitude.
Belize or Panama: frequently asked questions
Belize or Panama: which is cheaper to set up?
Belize: from 1,790 €; Panama: from 2,690 €. Starting prices, official fees included, excluding tax.
Belize or Panama: how does corporate tax compare?
Belize: 0 to 19 % depending on income source; Panama: 0 % territorial. To be checked on each profile.
Belize or Panama: which is faster to register?
Belize: 2–3 days; Panama: 3–4 days. Usual times.