1.Registered capital: The Panama government has no restriction on the

registered capital of offshore company, but normally $10000 is used as the minimum registered capital;

2.Registered address must be located in Panama;
3.Shareholders: at least two shareholders, and must be natural person, but no restriction on nationality;
4.Directors: at least three directors required. A director can be corporation or a natural person, no restriction on nationality. Board secretary is one person at least, no regional restrictions;
5.Managers: each company appoints one president, a treasurer, and a corporate secretary.