Crypto License in Panama

Panama has become a crypto hotbed with robust tax incentives, favorable regulations and strong financial infrastructure. Since 2021, the country has been developing a regulatory framework to support crypto businesses. With MiCA heavily regulating the industry in the EU from 01.01.2025, Panama has become a highly relevant jurisdiction.

Why Choose Panama for your Crypto Business?

Panama is striving to become a fintech and blockchain leader. Its business-friendly environment and strategic location make it the perfect destination for cryptocurrency companies looking to expand in Latin America and global markets.

Regulatory Clarity

Panama has a clear legal framework for crypto businesses.

Attractive Tax System

Crypto companies in Panama have tax advantages, no capital gains tax, and no tax on foreign income.

Global Connectivity

Located between North and South America, Panama has access to key financial markets.

Pro-Innovation Policies

The government supports digital innovation, blockchain adoption, and cryptocurrency regulation to attract foreign investors.

Fast and Secure Licensing Process

A Panama crypto license allows businesses to operate crypto exchanges, process digital asset transactions, and provide crypto wallet services. To qualify, companies must provide documentation on business operations, financial stability, and AML (Anti-Money Laundering) compliance.

Benefits of a Crypto License in Panama

Obtaining a crypto license in Panama provides numerous advantages, from financial incentives to global market access. Panama is emerging as a key player in the fintech and blockchain space, offering a regulatory environment conducive to business growth.

Strategic Location for Expansion
Panama’s location serves as a bridge between North and South America, offering quick access to international markets. It is an ideal jurisdiction for cryptocurrency businesses looking to scale globally.
Strong Financial and Banking Infrastructure
Panama has a well-developed banking system that supports blockchain and fintech businesses, ensuring smooth financial transactions and payment processing.
Government Support for Blockchain Innovation
Panama promotes blockchain adoption and fintech solutions, driving digital transformation in the financial and governmental sectors.
Business Credibility
Having a licensed crypto business in Panama enhances credibility among investors, customers, and financial partners by demonstrating compliance with high regulatory and security standards.
Intellectual Property Protection
Companies in Panama benefit from strong intellectual property protection laws, ensuring the security of blockchain innovations and crypto-related technologies.

This list illustrates the comprehensive opportunities that open up for holders of relevant licenses in Panama. It is imperative not to overlook the legal obligations and responsibilities that arise in the course of activities in this sphere.

Requirements to get a Panama Crypto License

To get a cryptocurrency exchange license in Panama you must meet the following requirements:

Company Registration

Regulatory Compliance

Get a commercial license and register with the Panamanian public registry.

Transparent Business Operations

Publish information about the company, commercial name, physical office address, and legal documentation.

AML/KYC Compliance

Implement anti-money laundering and customer verification measures.

Financial Proof

Provide bank statements to show operational funds.

Business Model

Submit a business plan with services, operational strategy, and growth projections.

Director and Shareholder Documents

Submit IDs, proof of residence, and criminal record checks for company directors and major shareholders.

Since cryptocurrency regulations are changing fast, businesses should consult with legal professionals to ensure full compliance with the latest laws.

Service Packages for Setting Up a Crypto Business in Panama

Select from our carefully structured packages to establish your crypto business in Panama or contact us for a customized solution tailored to your needs.

Essential Package

EUR 7,500

Up to 3 weeks

Company incorporation in Panama
Registered legal address in Panama
Payment of all state fees

Standard Package

EUR 10,000

Up to 4 weeks

Includes all services from the Essential Package
Apostilled company documents for international use
Legal opinion on crypto activities for regulatory compliance

Premium Package

On request

Up to 5 weeks

Includes all services from the Standard Package
Assistance with opening a corporate bank account

Each package provides a different level of services to suit your needs. Contact us for personalized guidance.

Connect with Us

Get in touch with us today to receive a customized pricing proposal that fits your unique requirements. Our team is ready to support you at every stage, ensuring your investment aligns seamlessly with your business goals. Contact Fintech Simple now and take the first step toward obtaining your crypto license in Panama with a trusted partner by your side.

Steps to Register a Crypto Company in Panama

To register a cryptocurrency company in Panama, follow these essential steps:

Define Business Objectives
Outline the purpose and scope of the crypto activities.
Prepare a Business Plan
Submit a 3-year business plan with financial projections and compliance strategy.
Draft a Corporate Charter
Create a legal framework according to Panamanian laws.
Submit Identity and Background Checks
Provide documentation for company owners, directors, and key personnel.

Technical Compliance
Install the necessary security and IT infrastructure to operate.
Proof of Funds
Submit bank statements to show financial solvency.
AML & KYC Compliance
Implement customer verification and fraud detection systems.
Government Registration
Pay licensing fees and submit the application for approval.

Advantages of Cryptocurrency Taxation in Panama

Panama operates under a territorial tax system, meaning only income generated within the country is subject to taxation. Key benefits for crypto businesses include:

Frequently Asked Questions about Panama Crypto License

Is Panama regulated for cryptocurrency?

No, Panama doesn’t have a specific regulation for Crypto Asset Service Providers (CASPs). But crypto related activities like trading, issuing and promoting tokens are legal and without restrictions.

What business can I do with a VASP company in Panama?

With a Virtual Asset Service Provider (VASP) company in Panama you can issue, trade, mine and sell crypto assets. You can also operate crypto exchanges or platforms offering derivative trading without financial or investment licenses from regulators.

Is my crypto business taxable?

No, Panama has 0% corporate tax for businesses outside of its jurisdiction making it a very tax friendly option for international crypto businesses.

Are Ultimate Beneficial Owners (UBOs) protected in Panama?

Yes, Panama has strong UBO privacy. Shareholder names are not public, only the names of the 3 directors appear in public records. You can also appoint representative or professional directors to increase privacy.

What are the requirements to set up a CASP company in Panama?

To incorporate a CASP company you need minimum 3 directors, who don’t have to be residents of Panama. A registered office must be established during the incorporation process.

Are AML/KYC compliance required for crypto businesses in Panama?

Panama doesn’t have specific AML/KYC requirements for crypto related activities but it’s recommended to implement internal AML/KYC policies to comply with the regulations of the jurisdictions where you operate.

How long to register a crypto company in Panama?

The registration process takes 5-7 business days after submission of documents. But delays can occur due to government agencies processing time.

Is it legal to issue tokens from Panama?

Yes, issuing, distributing, selling and promoting tokens from Panama is completely legal.

Connect with FINTECH SIMPLE TEAM

Something went wrong, please resend your request