Panamanian Offshore Corporations
Panamanian corporations offer many tax benefits when used as Offshore Corporations or IBC’s, as Panama is considered a tax haven country.
Panamanian corporations are Ruled by Law 32 of 1927.
Panamanian corporations can be used also for anonymity and asset Protection
Advantages.
1. Panamanian Companies can be incorporated without regards to the nationality of its directors and shareholders. Stockholders may be Panamanians or foreigners and may even be Panamanian or foreign corporations
2. Income earned generated outside of the Panamanian Territory does not have to pay taxes.
3. If the company does not operate in Panama. There is no need to file any financial reports or tax returns to the Panamanian authorities,
4. There is no need to hold annual meetings of Directors or Shareholders in Panama. In fact, meetings can be held anywhere in the World
5. Shares may be issued to the bearer or to the nominal form.
6. There are no restrictions for the objects of a Panamanian Corporation, as long as they are not considered illegal by the authorities.
