Panama offshore company incorporation
Panama offshore company formation is generally undertaken by people who are looking for asset protection, and to minimize taxes.
An offshore company in Panama offers legal protection both of its assets and of the identity of its shareholders and directors, owing to the confidentiality of commercial and banking transactions carried out through a Panamanian company.
Mundo Offshore are your international advisors when incorporating your offshore company in Panama. We have a professional team of experts ready to create your company in Panama. We accompany and inform you throughout the process.
Panama is a country located in the southeast of Central America. Its official name is the Republic of Panama and its capital is Panama City. The Republic is made up of 9 provinces and 5 indigenous regions. Located on the isthmus that connects Central and South America, its mountainous terrain is interrupted only by the Panama Canal.
The Panamanian economy and its banking system have been internationally recognised as among the strongest on the continent. This economic powerhouse has experienced steady and continuous growth in GDP.
PANAMA is one of the most popular and well-known tax havens in the offshore world.
USES OF AN OFFSHORE COMPANY IN PANAMA
A good choice for managing and collecting commissions or royalties related to intellectual property.
One of the activities that is subject to regulation and a license application from the regulator, but which remains easy to obtain.
BOAT AND YACHT REGISTRATION
One of the most recommended countries to register your yacht and thus avoid any legal persecution.
A holding is a parent company whose purpose is to bring together partners or shareholders who wish to acquire a significant influence in other companies.
A favorable and suitable jurisdiction for carrying out activities such as e-commerce, import/export, and/or professional services, with income tax exemption.
The most favorable jurisdiction to create a trust company or a foundation and thus protect your property and assets.
ADVANTAGES OF SETTING UP AN OFFSHORE COMPANY IN PANAMA
No capital release requirement when setting up a business in Panama
There are no legal audit requirements for Panama offshore companies. Accounting records are mandatory and can be kept in any country.
There is no restriction regarding the residence and/or nationality of the directors and/or shareholders.
Exemption from profit tax, income tax, capital gains tax and inheritance tax.
ANONYMOUS BANK ACCOUNT
Possibility of having a credit card and an anonymous offshore bank account.
No exchange control.
Legal protection provided for the confidentiality of commercial and banking transactions.
Lately, rumors have been launched following the Panama Papers. But the reality is that the country continues to have its secrecy and privacy.
Company formation in Panama main characteristics
|Formation timeframe||2 days|
|Type of business entity||SA,Corp|
|ISO standards management||Available|
|Directors||Minimum of 3|
|Information on shareholders||Not available|
|Directors information||Not available|
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