Latin America
Operators needing a niche gaming licence, Panama
The Junta de Control de Juegos issues online and land based gaming licences with established case law. Lower friction than Malta or Isle of Man for Latin America facing operators.
Junta de Control de JuegosOnline + landLatAm market
Start setup {placement} 4 min · no card required
Corp tax
25%
Fastest setup
7 days
Tax treaties
18
Region
Latin America
What you'll need
- No resident director required
- Local registered office required
- No substance requirement
- Minimum capital: No minimum capital
- Administrative language: Spanish
- Legal system: Civil law
Tax and treaty profile
- Corporate tax 25%
- Effective rate ~0%
- Tax treaties 18
- VAT rate 7%
- Withholding on dividends 10%
Key treaty partners
SpainMexicoUKSouth KoreaUAESingapore
Banking and payments
- Banking takes 2 to 4 weeks with KYC
- Stripe not supported
- Wise supported
- Crypto banking available
Considerations
If your customers or banks touch the EU
Panama left the EU non-cooperative list in February 2024 and the FATF grey list in October 2023, but residual reputational sensitivity remains — local bank EDD is common and some EU/US counterparties still flag Panamanian entities for enhanced review. For frictionless EU access:
Residual reputational riskBank EDD commonSubstance rules tightened