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Panama offshore
legal entities bring a lot of advantages
for international business community . There are no restrictions on
Panamanian offshore companies authorized to issue Bearer Shares and no
public records on ownership of the Panamanian corporations. As a result,
ownership of such Panama IBC is easy transferable and confidentiality of
shareholders is totally protected.
Our experienced and
reputable company offers Panama corporations, Panama foundations and convenient
packages, which include everything you need start and successfully operate
your offshore business.
Panama
Offshore Company is available for
residents of any country.
Advantages
of Panama
Independent
jurisdiction
Exemption
from all local taxes for incomes obtained from operations performed outside
of Panama
One
of the worlds strictest secrecy
Well
developed financial services industry
Well
developed professional infrastructure
Excellent
telecommunications system
Easy
air access to North America.
No
foreign exchange restrictions
Special passport and residence for investors.
Taxation
No
income, dividend and capital gains tax for for income received outside of
Panama.
Double
Tax Treaties
None.
Secrecy
and Disclosure
The
laws of the Republic of Panama only permit the submissions of accounting
records, files, correspondence or other documents to foreign authorities
with the express permission of the Courts of Panama. Information sharing
treaties are limited to drug-related offences. All other revelations are
expressly prohibited and may result in criminal prosecution.
Currency
Exchange Control
There
are no exchange controls in Panama. The
official currency in Panama is the Balboa (PAB). There is no Panamanian
paper currency and the US dollar is the de facto official currency.
Transfer
of funds
As
there is no currency or exchange control in Panama, no approval need be
obtained for the transfer of dividends, interest, royalties other profits
or for repatriation of capital. Companies are permitted to repatriate all
profits, dividends and management charges.
Status
Independent
Republic.
Legal
System
Civil
law legal system.
Location
Panama's
territory joins North and South America.
Local
time: GMT - 5:00.
Language
Spanish,
English.
Citizenship
or Multi-Year Work Permit
Available.
Foreign investors can obtain a special passport and residence to
applicants that establish a time deposit at National Bank of Panama,
provided that this deposit produces a minimum of only US$750.00 per month
in interests.
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