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Cryptocurrency Licenses in Panama

With its friendly regulatory framework and favorable business environment, Panama has become the preferred offshore jurisdiction to establish crypto companies.

Registering a cryptocurrency company in Panama costs only € 4,500 for a maximum of 2 weeks.

Start the process of obtaining an encryption license in Panama immediately.

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Show your credibility.

Cryptocurrency licenses show customers and investors that your business is legitimate and trustworthy.

Protect your business

A license ensures you meet legal standards and protects your business from fines or going out of business.

Entering new markets

With licenses, you can do business in more markets and build better partnerships.

Why choose Panama for cryptocurrency business?

Panama offers a direct and flexible approach to company formation, in stark contrast to the complex regulatory frameworks that many other jurisdictions impose on cryptocurrency businesses. This allows the company to operate with minimal oversight, avoiding lengthy approval processes and high compliance costs. At Rengang Yongsheng, we specialize in helping crypto entrepreneurs navigate Panama's favorable legal environment to launch their companies quickly and efficiently. Panama is a cryptocurrency-friendly country with several key advantages:

Unregulated legal crypto activity:

Panama does not have a virtual asset service provider (VASP) system, and cryptocurrency activities such as token issuance, trading and promotion are completely legal. You are free to conduct your business without a financial license or regulatory approval.


Privacy Policy

Panama ensures the privacy of the company's ultimate beneficial owner (UBO). While the names of the directors must be listed in public records, the shareholders and the UBO remain confidential. We also offer a proxy service to further protect your privacy.


0% corporate tax rate:

Panama does not tax income earned abroad. As a result, Panama is an attractive destination for global businesses looking to optimize their tax strategies.


No AML/KYC requirements:

The government does not impose anti-money laundering or "customer identification" requirements on cryptocurrency businesses, so you are free to conduct your business. However, we strongly recommend that you comply with the laws of the countries you serve.


Easy to set up:

Registering a company in Panama is very simple and can be completed in a few days. There are no nationality or residence restrictions for directors or shareholders, so Panama is a convenient choice for international entrepreneurs.


No strict MiCA regulations

Panama's regulatory independence ensures that your cryptocurrency business is not affected by the EU MiCA regulations. This not only improves operational flexibility, but also significantly saves compliance costs.


Global Trade Portal

Panama is located at the intersection of North and South America and is a global trade and business center. Due to its excellent location, it can quickly enter the international market, so it is the perfect starting point for the cryptocurrency business.


No capital requirements

Panama has no minimum capital requirements for company registration, which makes it easier and more affordable for entrepreneurs to set up their own crypto businesses.


an environment conducive to innovation

The government of Panama encourages technological innovation and entrepreneurship, creating a positive environment for the development of the cryptocurrency industry.


Regulatory Landscape: Why Panama Is a Safe Choice for Cryptocurrencies?

Panama offers one of the friendliest cryptocurrency legal environments in the Western Hemisphere-here's why this is essential for your business. In many jurisdictions, crypto activity falls into a gray area or is entangled in licensing requirements, and Panama is different:. This means that you can issue, trade, mint, airdrop and promote tokens without obtaining a cryptocurrency license and without interference from financial regulators. Whether you're launching a DeFi protocol, conducting a token sale, or simply managing crypto assets, Panama offers you a breathing space. The main harvest:

There is no virtual asset service provider (VASP) system.


Crypto assets are not considered securities or legal tender-they are considered private assets.


No financial or investment license is required to operate a cryptocurrency company.


Panama's top financial authorities-the Securities Market Supervisory Authority (SMV) and the Superintendency of Banks (SBP)-have made it clear that they do not regulate cryptocurrencies.


Activities such as operating exchanges (in stock or derivatives), issuing tokens or managing Web3 platforms are 100 percent legal, although these activities remain outside the scope of regulation.


What this means for you Regulatory flexibility to enable rapid growth and innovation.


Clearly structured to manage token issuance or fundraising.

An area where cryptocurrencies are not banned, taxed or restricted.



Our Crypto Company Formation Package


Rengang Yongsheng understands that every crypto company has unique needs and goals. That's why we offer three different packages to meet your needs at different stages of your entrepreneurial journey in Panama.

Basic PackageIdeal for those who want to set up their own business quickly and efficiently.
4 500
  • Registered company in Panama;
  • Legal address registered in Panama;
  • Payment of all state costs.
Standard PackageFor businesses that need more assurance and compliance measures.
6 000
  • Everything in the basic package;
  • Company documents for international use;
  • Provide legal advice on your encryption activities to ensure compliance.
Premium PackageDesigned for companies looking for comprehensive support and additional services.
10 000
  • Everything in the standard package;
  • Assist in opening a bank account to facilitate your business operations.


Requirements of Panama

Registering a company in Panama is simple and reasonable. Panama has a business-friendly regulatory environment and clear guidelines, and its establishment process is designed to minimize complexity and time consumption. Whether you're looking to expand globally or start a new business, Panama makes it easy to set up a crypto entity. The main requirements are as follows

At least three directors:

The corporation (S.A.) is the most common structure for crypto companies and requires at least three directors. These directors can be individuals or legal entities, and we can provide director services if required.


Registered Office:

You need to set up a registered office in Panama as part of our service (this service is the same as the legal address of the company).


Registered Agent:

The law requires a local registered agent, and we can provide this service for your company in Panama.


Articles of Association:

We will help you draft the articles of association (or articles of association) and submit them to the Panamanian authorities for the record.


Updated annually:

The company must update annually, including updating director information and paying the update fee. We are responsible for all aspects of this process.


Process for setting up a crypto company

We have streamlined the process of setting up a crypto entity in Panama. Specific operations are as follows

KYC and initial files:

We collect all necessary documents from you, including details of shareholders, directors and ultimate beneficial owners.


Name Registration:

We will check the availability of the company name you have chosen and register it with the Panamanian authorities.


Appointment of Directors:

We will appoint all three directors, which may include your directors and our directors.


Articles of Association (AoI):

We draft and submit articles of association to the Panamanian government. These terms set out the scope of your company's business, including crypto-related activities.


Final Submission and Approval:

After submitting the documents and obtaining the approval of the relevant government agencies, your company will be officially registered within 5 to 7 working days.


Support after the establishment of the company

After your company is incorporated in Panama, we will continue to provide you with a range of services to ensure that your business operates in compliance. Our assistance includes

Annual Update Assistance:

We are responsible for the annual renewal to ensure that your business remains in good standing.


Accounting and Compliance Support:

While cryptocurrency activity is not regulated, we provide ongoing support to ensure compliance with broader corporate regulations.


Document management:

We assist in issuing company documents such as certificates of employment and shareholder agreements.


Comparison with other jurisdictions

Panama does not have specific regulations for cryptocurrencies, crypto assets or tokens, which presents a unique opportunity for crypto entrepreneurs to operate legally with minimal government oversight. Whether you want to issue tokens, trade crypto assets, or run a cryptocurrency-related business, Panama's legal environment offers you the freedom to grow without the heavy compliance burdens of other jurisdictions. Compared to other cryptocurrency-friendly jurisdictions, Panama stands out with its unregulated environment and secrecy. Here's a comparison of Panama:

Panama and the European Union

In the EU, companies must comply with the MiCA framework, which involves strict reporting and regulatory requirements. In Panama, such a framework does not exist, so there is more freedom to operate.


Panama VS.SVG

Like Saint Vincent and the Grenadines, Panama offers a high degree of freedom for crypto activity. However, Panama's more developed infrastructure and strong privacy laws make it a top choice for those seeking greater secrecy.


Panama and Cayman Islands

While both jurisdictions have privacy and tax advantages, Panama's legal environment is simpler and more affordable, requiring no licenses or cumbersome compliance procedures to launch a crypto business.


At Rengang Yongsheng Law Firm, our team consists entirely of highly educated and experienced professionals. With our cooperation, you can be assured of high quality service.


Corporate Structure in Panama: Companies and Foundations

When registering a crypto company in Panama, the two most commonly used legal entities are Panamanian corporations (Sociedad as the Annónima) and private interest foundations. While both entities offer strong privacy protections and are easy to set up, their legal and operational purposes are very different, especially in the context of digital assets and blockchain businesses.

Panama Corporation (S.A.) is ideal for active business operations. It can issue invoices, enter into contracts, hire employees, hold bank accounts, and act as a legitimate voice for cryptocurrency exchanges, consultancies, trading platforms, or NFT marketplaces. It operates like any traditional business company, but benefits from Panama's territorial tax system and zero foreign source income reporting requirements.


Private interest foundations, on the other hand, are not used for commercial activities. Instead, it is often used in the crypto world to hold token reserves, act as a DAO wrapper, or control key governance functions of decentralized protocols. It is particularly popular for asset protection and continuity planning because it has no owners or shareholders, only founders and foundation boards, and is therefore suitable for storing digital assets, managing financial functions, or holding intellectual property (such as smart contract rights).


Here's a breakdown to help you understand the difference:


FeaturesPanama Corporation (S.A.)Panama Private Interest Foundation
PurposeCommercial/Business ActivitiesAsset protection, token library, holding structure
legal personalityYesYes
OwnershipShareholdersNo owners-only founders and council
ManagementBoard of Directors (3 persons)Foundation Board (at least 3 members or one corporate board)
Scope of activitiesCan trade, invoice, open accountsNot directly engaged in commercial activities
Bank Account EligibilityYesYes (for asset holding or financial purposes)
Right to privacyHigh-no public register of shareholders or directorsExtremely high-no public ownership, no shareholders
Use CaseExchanges, cryptocurrency platforms, consulting, NFT, DeFi applicationsToken issuance, DAO finance, smart contract governance, succession planning


Password Specific Use Cases

If necessary, use the company:

Operate a cryptocurrency exchange, DeFi aggregator or launch pad Provide blockchain consulting or development services Contract with a service provider or exchange Invoicing and receiving fiat/cryptocurrency payments

If needed, you can use the Foundation:

Hold LP tokens in the token reserve or agreement.


Act as a legal wrapper for the DAO

Acts as a neutral custodian of smart contract management keys to build ownership of metauniverse assets or NFT vaults


Develop an inheritance or continuity plan for your crypto assets

Combine the two for maximum flexibility

Many clients choose to combine companies and foundations:


A. Company business (trade, invoices, payroll)

B. The foundation protects assets or oversees governance (token supply, keys, DAO funds)


This arrangement separates responsibilities, strengthens long-term control and helps to spread jurisdictional risks.




Frequently Asked Questions (FAQ)
Does Panama have a specific cryptocurrency regulation?
No, Panama does not have a specific crypto asset service provider regime or regulation that covers cryptocurrencies or cryptocurrency-related activities. However, virtual-related activities, such as trading, issuing or promoting tokens, while not regulated, are legal.
What business activities can I do in Panama through VASP?
You can engage in a variety of crypto activities, including issuing, trading, mining, and selling crypto assets. You can also operate a cryptocurrency exchange or a platform that offers derivatives trading without the need for a financial or investment license from a regulator.
Will my cryptocurrency business be taxed?
No, the jurisdiction offers a 0% corporate tax rate for businesses operating outside Panama, making it a tax-efficient jurisdiction for international business.
Are there privacy protections for the ultimate beneficial owner (UBO)?
Yes, it provides strong privacy protections for UBO. The names of shareholders will not be publicly disclosed, and only the names of three directors will appear in public records. You can also appoint representatives or professional directors to maintain more privacy.
What are the requirements for the establishment of a CASP company?
Your legal entity needs at least three directors, but they do not have to be residents of Panama. In addition, you will need to set up a company and designate a registered office.
Do I need to comply with AML/KYC laws in Panama?
The Panamanian government does not have specific anti-money laundering/"your account"(AML/KYC) requirements for cryptocurrency activities. However, it is recommended that an internal AML/KYC policy be developed to comply with the regulations of the country in which it operates.
What are the options for appointing directors?
You can appoint a non-signatory representative director (to protect privacy), a signatory professional director (to sign on behalf of the company) or an individual director (to be responsible for all processes). The cost of these programmes varies depending on the role.
How long does it take to register a crypto company?
After submitting all the required documents, the registration process usually takes 5-7 working days. However, due to government agencies, the time may be longer.
Is it legal to issue tokens in Panama?
Yes, it is perfectly legal to issue, distribute, sell and promote tokens in and from Panama.
Is it necessary to travel to Panama to open a cryptocurrency company?
No, the whole process can be done remotely. Our team will manage all legal and administrative steps on your behalf.
Is there a minimum capital requirement to register a cryptocurrency company in Panama?
No, Panama has no minimum capital requirements for incorporated companies, making it an attractive option for entrepreneurs.
Can I open a bank account for my company?
Yes, our team will assist you in opening a corporate account to facilitate your business operations.

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