Panama Corporations

Panama Corporations



Panama offers the most favorable and most flexible incorporation laws available in the world. Panama corporations are used by individuals from all over the globe who are interested in asset protection, tax minimization, privacy, investment diversification, affordability and convenience.
Panama corporations can be used for international trade, to settle trusts orfoundations, to establish and own bank or brokerage accounts, or hold ownership of real estate or any other type of asset. In some cases, Panama corporations are formed for very private and confidential business transactions such as the movement of funds to another jurisdiction for the protection of the assets.


Panama Corporation Facts


· Second Most Popular Jurisdiction in the World: Panama isthe registered domicile for over 400,000 corporations & foundations, making it the second most popular jurisdiction to incorporate in the world, next to Hong Kong.
· No Reporting Requirements or Taxes: Panama does not impose any reporting requirements or taxes for non-resident Panamanian corporations.
· No Piercing the Corporate Veil: Panama does not allow "piercing the corporate veil", so yourcorporate books are maintained 100% private and confidential by law.
· Anonymous Ownership: Panama corporations share certificates can be issued in Nominative or Bearer form (Bearer Shares are an anonymous form of ownership), with or without par value. Neither the directors nor the officers of Panama corporations need to be shareholders.
· No Capital Requirements: Panama corporations do notrequire Paid-In Capital, nor is there a time limit in which authorized capital must be fully paid.
· Directors: Every Panama corporation requires 3 directors/officers (President, Secretary and Treasurer). The directors/officers can be either individuals or entities. Panama corporations directors, officers and shareholders may be of any nationality and resident of any country. The directors names andidentifications must be presented in the public registry when the corporation is formed.
· Nominee Directors: We offer our clients the optional service of using our "Nominee Directors" for their corporation(s). For purposes of confidentiality, most of our clients prefer that we provide nominee directors/officers for their corporations. When we appoint nominee directors for the entities that weestablish for our clients, we always provide our clients with pre-signed, undated letters of resignation from the directors so that our client can replace those directors at any time. There is an additional fee for the use of our nominee directors.
· Directors or Shareholders Meetings: Annual general meetings of either shareholders or directors of the corporation are not mandated or required.However, if meetings are held, they can take place anywhere in the world by proxy - via telephone, email or other electronic means. Any resolutions passed are valid regardless of whether they are signed on different dates or in different jurisdictions.
· Corporate Books: The Registered Agent is not required to keep any records for the corporation, however, every corporation should maintain a minutebook and stock register, which can be held anywhere in the world.
· Subscribers: Panama corporations must have two subscribers present at the public registry in order to be incorporated. The subscribers are the individuals from our law firm that appear at the Public Registry with the articles of incorporation to incorporate the corporation. By law, the subscribers have a right to own one (1) shareof the corporation. As soon as the corporation is established, the subscribers sign a document in which they resign their rights to one (1) share of the corporation. This document is provided to our client along with the corporate documentation.
· Annual Corporate Franchise Tax: Panama corporations & foundations should pay a low annual corporate franchise tax of US$300 to remain in good...