What are the types of companies in Panama?

Types of companies in Panama can be classified in various ways. Here are some common Panamanian company types:

1. Joint Stock Company (Sociedad Anonima - SA): It is one of the most commonly used company types in Panama. Capital shares are owned by their owners and the company's liability is limited.

2. Limited Liability Company (Sociedad de Responsabilidad Limitada - SRL): In this type of companies, the liability of the partners is limited to the capital of the company. There are capital shares and the partners share profits and losses.

3. General Partnership (Sociedad en Comandita Simple - SC): In this type of companies, at least one partner has unlimited liability, while the other partners have limited liability. Profits and losses are shared between partners.

4. Limited Partnership (Sociedad en Comandita por Acciones - SCA): In this type of companies, at least one limited partner has unlimited liability, while the liability of the other partners is limited to their capital.

5. Personal Company (Empresa Individual de Responsabilidad Limitada - EIRL): In this type of company, a single person assumes all responsibility for the company and the company's assets are kept separate from his personal assets.

6. Branches: It is possible for a foreign company to open a branch in Panama. These branches carry out the same activities as the parent company and are considered an independent legal entity. These are just a few examples and many more types of companies can be found in Panama. Each type of company offers different advantages and disadvantages and can be chosen depending on the company's goals and needs.