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Offshore Companies

Choose the jurisdiction which best suits your needs

Panama

Why choose this jurisdiction when starting a business?

Panama has become a popular destination for individuals seeking to protect their wealth through estate planning and asset protection.

Panama offers several advantages, including:

Favorable tax system – Strong privacy laws – Stable economy

General Info
The Republic of Panama is the southernmost country of Central America.

Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the northwest, Colombia to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The capital of the Republic of Panama is Panama City.

Panama companies are created under the General Corporation Law, Law 32 of February 26, 1927. Law 32 has been used as a model for many other jurisdictions and ensures the legal framework to conduct legitimate business activities in the international arena. Many choose Panama to start a business since it is considered one of the most stable governments in Latin America. Its stability is due to the fact that the government has three branches that offer a system of checks and balances similar to the US Federal Government. In addition, the Panama Canal puts Panama in contact with governments and organizations from all over the world.

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Asset Protection

Income Tax Reduction

Reduction in legal liabilities

No costly bureaucracy

Packages and Prices

Panama

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Standard
Package

The cheapest option – accountancy support, free business consultant and much more.

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Business
Package

A special package that includes a Business Company plus fully functioning bank.

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Premium
Package

Includes all services of Business Package plus full Nominee Services, Director and Shareholder.

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Advantages

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Incorporation in 24-48 hours.
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Panamanian Companies can be incorporated without regards to the nationality of its directors and shareholders.
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Incomes generated by a Panamanian Corporation outside of the Panamanian territory are tax exempted.
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The authorized capital does not have to be paid in full or partially.
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There is no need to file any financial reports or tax returns with any government entity in the Republic of Panama, provided that the company does not receive income from Panamanian source.
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Legal entities of any jurisdiction may act as directors, officers and shareholders of a Panamanian Corporation.
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There is no need to hold annual meetings of Directors or Shareholders.
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Directors and Shareholders may attend to the meetings personally, by proxy, by phone or by any other electronic means.
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Three (3) directors are required, either natural persons or legal entities.
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The officers (President, Secretary and Treasurer) do not have to be directors and one person can occupy several or all offices. Physical persons or legal entities can also be appointed as officers. Officers are not mandatory.
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Shares may be issued to the bearer or in nominative form. In any event, the name of the shareholder is not required to be registered in the Panamanian Public Registry, thus, ensuring total anonymity.
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A corporation can effectuate transactions and have assets in any part of the world without the obligation of maintaining assets in the Republic of Panama.
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Panamanian Corporations are empowered by law to conduct any lawful act.
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Absence of exchange control.
Panama is not on the OECD blacklist and will soon be off the blacklist of many countries, thus allowing the company to operate and go into transactions with more freedom.

Other advantages of Panamanian Corporations

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Ultimate financial privacy

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Asset Protection

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Income Tax Reduction or elimination
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No inheritance, succession or gift taxes
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Protection from inflation
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Reduction in legal liabilities
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Reduction in operating expenses
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Freedom from currency exchange control
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Local Government concessions, subsidies and support
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Data on Owners and Directors is not publicly available and remain confidential
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Easy access to North American and European Capital Markets
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No International Trade Tariffs
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No annual tax return requirements
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No import/export quantity limitations
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No costly bureaucracy

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

Contact us