Panama (Corporation) vs Romania (SRL)
Comparison of Panama (Corporation) vs Romania (SRL). Each country offers multiple entity types — this page compares the primary types side by side. Tax, formation cost, banking, and visa data from our verified database. See country pages for all entity options.
Side-by-side comparison
| Metric | Corporation (Sociedad Anónima) | Limited Liability Company (SRL) |
|---|---|---|
| Entity type | Corporation | SRL |
| Corporate + state/local tax | 25.0% | 16.0% |
| Formation cost | $300 | $30 |
| Annual maintenance | $300 | $0 |
| Formation timeline | 5-7 business days | 3-5 business days |
| Minimum capital | 0 USD | 110 USD |
| Local director | Not required | Not required |
| Business banking | Opening a corporate bank account in Panama is notoriously slow and requires extensive KYC/AML documentation. Non-resident founders must usually visit in person for a brief interview, though some banks allow remote opening through a local lawyer. · 1 remote-friendly bank(s) | Opening a traditional corporate bank account in Romania as a non-resident founder is highly challenging due to strict KYC and AML regulations. Most local banks require a physical visit, proof of local substance, or a notarized power of attorney. Consequently, many foreign founders rely on digital platforms like Revolut Business or Wise for their initial operations. · 2 remote-friendly bank(s) |
| Visa / residency | 2 options (Qualified Investor Visa (Golden Visa), etc.) | 2 options (Digital Nomad Visa, etc.) |
| Ease of business rank | #86 | #55 |
Highlighted cells indicate a lower tax, cost, or better rank where applicable.
Frequently asked questions
Which is cheaper to form: Panama (Corporation) or Romania (SRL)?
Romania (SRL) has lower formation costs. Compare annual fees in the table above.
Which has lower corporate tax?
Romania (SRL) has a lower combined rate (25.0% vs 16.0%). See each entity guide for details.
Which is easier for remote business banking?
Panama (Corporation): Opening a corporate bank account in Panama is notoriously slow and requires extensive KYC/AML documentation. Non-resident founders must usually visit in person for a brief interview, though some banks allow remote opening through a local lawyer. · 1 remote-friendly bank(s). Romania (SRL): Opening a traditional corporate bank account in Romania as a non-resident founder is highly challenging due to strict KYC and AML regulations. Most local banks require a physical visit, proof of local substance, or a notarized power of attorney. Consequently, many foreign founders rely on digital platforms like Revolut Business or Wise for their initial operations. · 2 remote-friendly bank(s).
How do I choose between Panama and Romania?
Start by picking the right entity type (LTD, LLC, sole trader, etc.) — each country page lists all options. Use our formation advisor and tax simulator for personalized guidance.