Head-to-head
Mauritius Authorised Company (Mauritius): forms in 5–7 days from USD 1,900; privacy — filed but not public; strongest for Africa & India corridors. Treaty access and a respected regulator for africa-facing structures.
Panama Corporation (Panama): forms in 3–5 days from USD 1,300; privacy — bearer shares immobilised; not public; strongest for Latin America holding. Territorial taxation and a century of corporate history.
Cost & speed verdict
On raw formation economics the comparison is USD 1,900 against USD 1,300; renewals track similarly. On speed, Mauritius Authorised Company completes in 5–7 working days versus 3–5 for Panama Corporation — in both cases your certified KYC pack is the real clock.
Banking & acceptance verdict
Counterparty and bank acceptance often decides this contest. Mauritius Authorised Company is the natural pick where the mandate is Africa & India corridors; Panama Corporation wins where the file leans toward Latin America holding. GoldenKey maintains a live acceptance map across UAE, Singapore and EMI compliance desks for both registries.
Our recommendation
Choose Mauritius Authorised Company when Africa & India corridors describes your plan; choose Panama Corporation when Latin America holding does. When neither fits cleanly, a UAE free-zone license or an ADGM SPV frequently beats both — we will tell you honestly in a free consultation.