BENEFITS OF PANAMA COMPANY; COMPLETE GUIDE
It is a fact that Panama is known to be the BEST TAX HAVEN JURISDICTION IN THE WORLD. Panama is a perfect jurisdiction for investors who are interested to do international business, since Panama corporate structure offers a great deal of benefits to investors.
Summary benefits of Panama company:
✅ IDENTITIES OF SHAREHOLDERS ARE ANONYMOUS
The identities of shareholders of a Panama company are kept strictly confidential and are not registered at the Panama Public Registry. There is a beneficial owner registry of companies, however, it remains private and guarded by a superintendence in case they are required by a Panamanian authority.
✅ SHARE CERTIFICATES PRIVACY
Share certificates are issued in private documents, and the officers and directors of the corporation are not required to be shareholders.
✅ PRIVACY
Panama offers a globally recognized financial infrastructure that values and safeguards financial privacy.
✅ SHAREHOLDER MEETINGS
Shareholder and director meetings can be held in the Republic of Panama, or they can be held in any other country.
✅ NO BUSINESS LICENSE REQUIRED
Corporations that engage in business outside of Panama are not required to obtain a commercial license or operation notice in Panama.
✅ NO NATIONALITY RESTRICTIONS
The directors and shareholders of the company can be members of any nationality and residents of any country.
✅ NO NEED TO DEPOSIT CAPITAL
The registered capital for the corporation is simply a nominal figure that projects the estimated value of the entity and does not need to be paid or deposited.
✅ TAX EXEMPTION LAW
The territorial source principle is the basis of taxation in the Republic of Panama. This means that any income that is obtained from operations outside of the country of Panama is not taxable. The client must consult with a legal or tax specialist in his country of residence or nationality to comply with his local tax responsibilities.
✅ ACCOUNTING RECORDS/ANNUAL FRANCHISE TAX
The accounting books of the corporation may be managed within Panama, abroad or even by electronic means. Records associated with international corporation activities can be kept anywhere in the world; however, the Resident Agent must have copies of said records and be shared if required by a Panamanian authority. An annual government franchise tax is also required keep the corporation in good standing.
✅ PERSONAL PRESENCE IS NOT REQUIRED
Interested parties do not need to be present in Panama in order to form a corporation. This is achieved with the use of appointed incorporators in Panama who act on behalf of the interested parties by executing the Articles of Incorporation.
OUR CORPORATE ATTORNEYS CAN SET UP A COMPANY FOR INVESTORS IN 7 DAYS
EMAIL: CUSTOMER@PANAMALEGALCENTER.COM
WHATSAPP: +(507) 6404-0388
Panama Corporation Characteristic
GREAT NEWS FOR INVESTORS! Yes, our corporate lawyers can assist international investors to set up an IBC company since Panama is one of the best jurisdictions in the world for having a company. The Panama IBC (also known or referred to as a Panama Offshore Company) is a legal structure that is internationally recognized in the business and financial community.
Our corporate lawyers have more than 15 years of experience establishing Panama companies for foreign investors. We also can assist you with legal, tax issues as well as accounting and maintaining them.
In addition, our team can assist investors with opening a bank account to support their offshore company business.
PANAMA COMPANY REQUIREMENTS
Our corporate attorneys are expert to set up a company in Panama for investors, and we make sure that your Panama company is in compliance with the Panama corporate laws.
LIST OF PANAMA COMPANY REQUIREMENTS:
Name of the company
Three people is needed to form a company such as president, secretary and treasurer
Address of the company in Panama
Capitalization of the Company (minimum capital amount is $10,000.)
How many shares are being issued?
Who owns the shares of the company?
Name of the registered agent (we can assist investors to appoint a registered agent for the company)
Name of the accountant (we can assist investors to register a CPA)
Types of activities of the company
The Board of Directors consist of president, secretary and treasurer. The corporate laws require that a company have a Panama attorney to act as its registered agent. In addition, each company needs to have a certified public accountant on its board. We would assist you to appoint a corporate attorney and a CPA to join your company. Share certificates will be issued to the shareholders and owners of the company when the company is established.
Privacy and Confidentiality Benefits
Panama is known for its privacy and confidentiality, making it a unique choice to protect its shareholders identity.
✅Shareholders’ Privacy: The identities of shareholders may not be registered in any public office. Instead, this information is kept private.
✅ Bearer and Nominative Shares: Panama companies can issue two types of shares—bearer and nominative. Bearer shares, provide protection of the shares.
✅ Nominee Directors: To enhance confidentiality, companies can appoint nominee directors, allowing business activities to be conducted via a power of attorney.
GET IN TOUCH WITH OUR CORPORATE ATTORNEYS TO SET UP YOUR COMPANY
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