Capital:
PanamaForm of government:
Presidential RepublicArea:
78 200 км2Population:
3 millionCurrency:
Balboa (PAB); Dollar (USD)Registration of private enterprise in Panama
Private entrepreneurs
Registration of private entrepreneurs in Panama takes place the same way as the registration of limited partnerships, with the only difference that a private entrepreneur is the only participant. Data on a private entrepreneur must be entered in the State Register. The private entrepreneur contributes funds to the authorized capital for the purpose of conducting trade. The liability of a private entrepreneur is limited by the amount of funds contributed.