• Panama Offshore Corporations

• Offshore Corporations Advantages

OFFSHORE CORPORATIONS ADVANTAGES

Many corporate and single organizations use with success the panamanian Offshore Corporation due to the great advantages that Law Nº 32 of 1927 of the Republic of Panama offers, such as the following among others:

1- You don´t need to come to Panama to build it up.

2- Panamanian Corporations can be incorporated despite the “foreign” nationality of its directors and

shareholders or nominees.

3- Income generated by a Panamanian Corporation outside of the Panamanian Territory is tax

exempted.

4- There is no need to file any financial reports or tax returns to the Panamanian authorities, if the

company does not operate in Panama.

5- Companies may act as directors, officers and corporate liquidators.

6- There is no need to hold annual meetings of Directors or Shareholders in Panama.

7- Directors and Shareholders may attend to the meetings personally, by proxy, by phone or by any

other electronic means.

8- Shares may be issued to the bearer or registered. In any event, the name of the shareholder is not

disclosed to the Public Registry.

9- There are no restrictions for the objects of a Panamanian Corporation, as long as they are not

considered illegal by the authorities.

10- The time of incorporation is around three to five working days.

For more information about advantages and necessary requirements of the incorporation of a Panamanian Corporation go to our section CONTACT US

We will help you in the decision of patrimony and tax planning through this legal figure.