Non Resident Company in Panama

Panama is located in Central America, bordering both the North Pacific Ocean and the Caribbean Sea. The country is well known for the Panama Canal that connects Central America to South America.

Panama’s economy is service oriented and heavily weighted towards commerce, banking, trading, tourism and private industry. The country has a long history in the financial sector that is supported by a well-developed infrastructure. Panama Non Resident Company can be used for international trade, to establish an offshore bank account, to settle trusts or foundations, to hold ownership of intellectual property or real estate.

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Non resident company for who and for what?

  • Entrepreneurs;
  • Consultants;
  • Stockbrokers / Forex traders;
  • Commerce on the Internet;
  • Marketing;
  • Inheritance purposes;
  • Holding company;
  • Intellectual property holding rights.

Why to choose panama company formation?

  • No corporate taxation – 0%;
  • No minimum capital required;
  • Minimum authorized capital does not need to be paid up;
  • Unlimited liability protection;
  • Fast incorporation time;
  • No reporting requirements to the Panamanian Government;
  • No requirements for fiscal accounts;
  • Meetings of directors and shareholders may be held anywhere.

The main characteristics of Panama offshore company

General:
Type of entity Non Resident
Type of law Civil
Shelf company availability Yes
Our time to establish a new company 5 days
Corporate Taxation 0%
Double taxation treaty access No
Official Currency Panama Balboa (PAB); United States Dollar (USD)
Time zone Convenient world time zone: GMT-5
Official languages Spanish
Government Unitary presidential constitutional republic
Confidentiality Privacy and confidentiality is protected by constitutional law.
The beneficial owners of the company are not required to be recorded in the Public Registry.
Stability Stable jurisdiction with a good reputation
Share Capital or Equivalent:
Standard currency USD
Permitted currencies Any
Minimum paid up 1 USD
Usual authorised 10,000 USD
Directors:
Minimum number Three
Local required No
Publicly accessible records Yes
Location of meetings Anywhere
Shareholders:
Minimum number One
Publicly accessible records Optional
Location of meetings Anywhere
Company Secretary:
Required Yes
Local or qualified No
Accounts:
Requirement to prepare Yes
Audit requirements No
Requirement to file accounts No
Publicly accessible accounts No
Other:
Requirement to file annual return No
Change in domicile permitted Yes

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  • Free advises for 1 year.

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