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Panama Offshore Tax Exempt Companies
Panama IBC Formation
A Panama offshore company that has no business interests within Panama is 100% free of all local taxes apart from an annual franchise tax which makes Panama an interesting jurisdiction for many seeking a stable political and economic environment in which to incorporate.
Panama offers the most favorable and most flexible incorporation laws available in the world. Panama corporations are used by individuals from all over the globe who are interested in asset protection, tax minimization, privacy, investment diversification, affordability and convenience. Panama corporations can be used for international trade, to settle trusts or foundations, to establish and own bank or brokerage accounts, or hold ownership of real estate or any other type of asset. In some cases, Panama corporations are formed for very private and confidential business transactions such as the movement of funds to another jurisdiction for the protection of the assets.
Panama does not impose any reporting requirements or taxes for non-resident Panamanian corporations. Panama corporations do not require Paid-In Capital, nor is there a time limit in which authorized capital must be fully paid. Panama corporations share certificates can be issued in Nominative or Bearer form (Bearer Shares are an anonymous form of ownership), with or without par value. Neither the directors nor the officers of Panama corporations need to be shareholders.
Every Panama corporation requires 3 directors/officers (President, Secretary and Treasurer). The directors/officers can be either individuals or entities. Panama corporations directors, officers and shareholders may be of any nationality and resident of any country. The directors names and identifications must be presented in the public registry when the corporation is formed.
It is not necessary for the interested parties to be present in Panama for the purpose of establishing a corporation. We can handle everything for you without having to come to Panama.
If you have questions about Panama offshore tax exempt companies registration please contact us.
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