por Soporte Legal Offshore Inc.

Panama is considered the most attractive offshore jurisdiction in the world, due to bearer shares, strong bank secrecy, investment framework, geographic position and tourism oriented environment. 

Among the uses of a Panama Corporations are: Holder of Bank Accounts in different countries, trust, mutual funds, hedge funds, real estate and other companies .Act as intermediaries in transactions. Holder of shares or other financials values. Conduct International Business and many other.

Includes the payment of the rights, taxes and public deeds.

According to Panama’s Corporation Law, two or more persons, even though not citizen or resident of the Republic of Panama, may organize a local corporation knows as “sociedad anonima” for any lawful purpose.

Under the Law, corporations must file Articles of Incorporation, under the form of public deed, with the Public Registry. The standard procedure to form a corporation in Panama is to resort to Panamanian attorneys who, acting on behalf of the client, file the Articles of Incorporation, and then assign their rights to the client.

Panama offers the most eligible and flexible incorporation laws available in the world. 

• Total confidentiality.

• Panama corporations & foundations, making it the second most popular jurisdiction to incorporate in the world, next to Hong Kong, but in this, the main factors people registered domicile is just for business, Panama diversify its range to estate planning and assets Protection.

• Panama does not impose any reporting requirements for non-resident Panamanian corporations.

• Disclose of beneficial owners is not a requirement to access registration by the Public register.

• Companies doing business outside Panama are not required to file annual return/financial statements or to keep their books in Panama

• Nominative or bearer shares can be issued, with or without par value

• There is no requirement issued share capital.

• Annual meeting of shareholders or directors is not a requirement.

• Directors and shareholders may be citizen of any nation of the world.

• Panama corporation or International Business Corporation in Panama have allowed doing business with foreign and Panamanians companies around the world and is permitted owns real estate in Panama.

• Directors no need to be shareholders.

• Corporations conducting business outside of Panama do not require a commercial license for offshore business activities.

Panama has a onshore system very attractive for the foreign investment, because our  laws are designed to give legal security to the investment. As well as  several areas that Panama looking to consolidate as a hub in telecommunication, Air flight, e-commerce, exportation tax free, importation and re-exportation in free zones, real estate, insurance, franchises, retails, international trades and others.

One of the reason people go offshore is to protect assets, moving your assets into a legal inconspicuous entity which will protect them from attack by temerity litigation, seizure from government, attack from an estranged spouse, in fact anything which may threaten your hard earned wealth.

Graphic comparative of Prices for Corporations

Required Information to incorporate an IBC or Panama Corporation

The Articles of Incorporation must contain the following basic information:

·         Names and domiciles of the subscribers (At Least two), which are usually attorneys from the firm in charge of the incorporation.

·         Name and domicile of the corporation, which must include the words, corporation (Corp.), incorporation (Inc.).

·         General Purposes or objects, this did not impossible to realize business not described in the Articles of Incorporation.

·         Authorized capital, usually are standard of US$10,000.00, indicating the number of shares into which such capital is to be divided.

·         Whether the shares shall be issued to bearer or as registered or nominatives shares.

·         Name and domicile of the resident agent, who must to be a lawyer of a law firm in the Republic of Panama.

·         Full names and the addresses of a least three Directors and Officers. There is no nationality requirement.

Registration Rights

·         Registration Rights are US$50.00 when the authorized capital does not exceed US$10,000.00

• No tax reporting requirements.
• No income tax.
• No capital gains tax.
• No interest income tax
• No sales tax.
• No tax on issuance of corporate shares.
• No tax to shareholders.
• No stock sale or transfer tax.
• No capital stock tax.
• No property tax.
• No estate tax.
• No gift tax.
• No stamp tax.
• No succession tax.
• No inventory tax.

By means of Triangulation commerce you can diminish your domestic taxes increasing your costs by an intermediary company (your offshore company).

Another reason is simply Estate Planning.

Simplify inheritance procedures and taxes.

Panama offshore system is one of the best ways to protect your assets in the world, when you constitute a Panama Corporation and you protect your identity with anonymous shareholders, Panama's Private Interest Foundation or Panama’s Trust; you won’t lose the control of your goods, neither won’t you lose your anonymity.

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