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PANAMA OFFSHORE
For over 11 years, Unitrust Capital Corp provides quality competitively-priced Panama offshore company formation services. Over the years, we have completed hundreds of Panama incorporation solutions for our esteemed clients.
PANAMA OFFSHORE COMPANY
Panama is one of the top offshore jurisdictions, distinguished by its advanced offshore legislation. The pillars of the local economy are offshore banking, commerce, and tourism. Though Spanish is the official language, English is widely used in business communication.
To date, more than 500,000 Panama Companies have been incorporated by the Panamanian Registrar.
PANAMA OFFSHORE TAX SYSTEM:
A Panama company pays no income and withholding taxes on offshore operations.
PANAMA COMPANY TYPES:
The most popular Panama offshore company types are: Panama Corporations and Panama Foundations.
Outstanding features:
- Corporate tax: NO for the profits sourced outside of Panama
- Names disclosure in public records:
Initial Subscribers - YES (usually they are local residents)
Beneficiary
- NO,
Shareholders - NO
Minimum number of Directors - THREE
- Non-resident Directors: ALLOWED
- Corporate Directors: ALLOWED
- Annual return filing requirements: NO
- Annual accounts filing or keeping requirements: NO
- Bearer shares: NOT ALLOWED
- Standard Share Capital: 100 SHARES of US $100 EACH
Applicable offshore company legislation: Law No 32 Regulating Corporations,
1927
(download
as a PDF - 636K).
Feel free to contact us, should you need any assistance in this regard.
Panama foundations are used mostly for asset protection purposes and as a substitution for a will or a testament.
A Panamanian Private Foundation separates the Founder (Creator of the Foundation) from its property, once and for all, and guarantees the interests of the beneficial owner(s).
For the detailed information and practical applications of this kind of company in Panama, please see the section on Panamanian Private Foundations.
Outstanding features:
- Corporate tax: NO
- Names disclosure in public records:
Founders - YES
Beneficiaries
- NO,
Shareholders -there are no shareholders in private foundations,
Foundation Council Members (the top administrative body)
- YES
- Non-resident Foundation Council Members: ALLOWED
- Annual return filing requirements: NO
Applicable offshore company legislation: Law No 25 Regulating Private Foundations,
1995 (download
as a self extracting archive - 124K).
PANAMA FOUNDATION REGISTRATION:
Please refer to the PANAMA FOUNDATION FEES AND REGISTRATION SERVICES page for the description of our standard and optional Panamanian company
formation services and fees OR proceed to fill out the relevant Panama Foundation Order Form.
Feel free to contact us, should you need any assistance in this regard.
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