Panama Offshore Company
Panama is one of the most popular and established tax havens around. Its popularity is thanks to the offshore companies and foundations on offer. Panama’s tax advantages stem from the fact that it has a territorial tax system. This means there is no tax on income earned outside Panama. This rule applies to both personal and corporate income. Panama is also known for its strong maritime business and good privacy laws. Political stability is also recognized as good. As banking and shipping are Panama’s two main ‘offshore’ industries there is a good selection of banks to choose from (more than 140). Panamanian bank accounts are becoming more popular because interest is tax free and, for EU nationals, they are excluded from the Savings Tax Directive.
Why choose a Panama Offshore Company Formation?
Main features of Panama company registration
- A minimum of three Directors must be appointed. Directors may be individuals or bodies corporate of any nationality or domicile
- A President, a Secretary and Treasurer must be appointed. Directors of the company can also serve as Officers. One person can occupy each of the Officer positions
- The name and address of each Director and Officer is filed with the Public Registry
- The names of Shareholders are not filed with the Public Registry
- Whilst there is no requirement to file audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company
- Panama operates a territorial tax system. Income earned from outside of Panama is not taxable in Panama
- Interest earned on bank accounts maintained in Panama by a Panama company is exempt from tax in Panama
- A company with a requested name takes two days to incorporate
Panama offshore company formation, nominees, bank accounts and mail forwarding
As specialists in Panama offshore company formations, whether you’re looking for a simple offshore company registration or a complex structure (including offshore Trusts), Gecth & Co Group Formations can help. We also provide a comprehensive range of admin services for Panama companies, including the provision of nominee director, nominee shareholder, bank account services and mail forwarding.
Our expert Panama company formation and company registration team has established affiliations with local Panama company agents and extensive knowledge of the legal requirements for company formation in Panama. We also guarantee that all company filing documents and fees are up-to-date and will notify you of any compliance changes in Panama.
If you require us to take over the management of your existing Panama offshore company, we can usually do so at no extra cost.
To speak to an expert Panama company formation/registration advisor, please call free +44 0208 371 2440
What’s Included in The Formation Price:
- Certificate of Incorporation
- Certified bound copy of the Memorandum and Articles of Association
- Registered office and agent fee for the first year
- Government fees for the first year
- Company Secretarial Maintenance for first year
- Issued Share Certificate
- Register of Directors
- Appointment of First Director
- Consent letters etc
- Company Share Register
- Company Seal