About:

The major advantages of a Panamanian Corporation can be summarized as follows:

The freedom to appoint directors and officers of a any nationality and country of residence.The freedom to appoint nominee directors and officers (provided by our associates in Panama). The legal protection afforded for the confidentiality of business and banking transactions. The tax exemption status provided to offshore companies. The complete anonymity afforded to owners of Panamanian Corporations through the use of bearer shares of stock. The freedom of capital movement in and out of Panama and the absence of regulatory supervision. The absolute confidentiality of banking transactions under accounts belonging to corporations with nominee directors and bearer shares in the hands of the owner.

According to Panama's Corporation Law 32 of 1927 ("the Panama Corporation Law"), corporations may be created by any two persons of any nationality. The Panama Corporation Law is based on the Delaware Business Corporation Law of 1926. Unlike the laws of many offshore jurisdictions, there is no difference between domestic and offshore companies in Panama. All corporations pay taxes only on income derived from Panama.

Panamanian Law requires a minimum of three (3) directors and three (3) officers. These three directors may also act as officers of the company i.e. President, Secretary and Treasurer, or other positions as desired. Directors and officers need not be shareholders and they may be non-resident aliens. Directors may be companies or natural persons. Nominee Directors are provided by our associates in Panama, if desired, at no additional cost.

The following names may not be used without a licence or special permission:

Bank, Building Society, Savings, Insurance, Assurance, Re-Insurance, Fund Management, Investment Fund, Trust, or their foreign language equivalent.

All Panamanian corporations must end with the suffix "Corporation", "Incorporate", "Sociedad Anonima" or the abbreviations "Corp". "Inc" or "S.A". They may not end with the suffix Limited or the abbreviation Ltd.

The standard authorised share capital is US$10,000 divided into 100 common voting shares of no par value. The capital may be expressed in any convertible currency. The minimum issued capital is either one share of no par value or one share of par value. Higher capitalization requires higher government fees.

The advantages of incorporating in Panama are:

Total secrecy and anonymity, protected by statute. No requirement to disclose beneficial owners. No requirement to file annual return / financial statements or hold annual general meetings of shareholders or directors. Full exemption from taxation on any business activity or transaction carried on outside of Panama. Reasonable formation and maintenance costs and fees. No minimum nor maximum capital requirements. Minimum registration fee on capital.

Corporations may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose.

Companies may issue Registered or Bearer shares, preferred shares and non-voting shares.

The shareholders, directors and officers may be of any nationality and may be residents of any country. Neither the directors nor the officers need be shareholders. Shareholders and/or directors may hold their meetings in any country and they may attend such meetings by proxy.

What You Receive:

The Panamanian Package comes complete with: Articles of Incorporation, notarized Power of Attorney with Apostille, Bearer Share Certificates, Minutes of Board Resolution, Letters of Resignation from Directors, Certified English Translation of documents, Nominee Directors and Resident Agent (Lawyer), Certificate of Incorporation with Apostille.

Delivery time: approx. 10 working days.

What We Need From You:

Your payment of €1,200.
The name and address to which to send your order.

Copyright © 1975-2010 Tax Haven Manual. All rights reserved.