Location: Central America
Type of Company: Sociedad Anonima – Share Company, Sociedad de Responsibilidad Limitada (S.R.L.) - Limited Liability Company
Restrictions of Activities: It is prohibited to own real estate in Panama. Business with the residents of Panama is prohibited. Banking, insurance and shipping activity can be carried with the special license only.
Registered Capital: There are no requirements regarding the min/max amount
Shareholders: Person/entity can be a shareholder. Bearer shares are allowed
Registered Agent is required
Director: Minimum 3 directors, only physical persons. Register of the shareholders and the directors must be maintained. The records of the registers are open information.
Accounting: Annual accounts may be not submitted if company has activity outside Panama's territory only. Accounting is not required if company has activity outside Panama's territory only.
Taxation: Corporate tax (30%) should be paid on profit received on the territory of Panama only.
Benefits of Panama offshore company:
Confidentiality. The names of the beneficial owners of the company are strictly confidential and aren't disclosed.
Taxation. There are no corporate tax on the company's income (except one received on Panama's territory).
There are no requirements regarding accounting
There are no requirements regarding the residency/nationality of the shareholders and directors.
General Meeting can take place in any country.
Walton Consultants DMCC