Despite the 2015 Panama Papers leak, the central American country remains the most popular offshore jurisdiction in the world. Its transport links and the world-famous canal have assured the stability of its economy, with the free trade zone near the Atlantic entrance to the canal begin home to the world’s second largest free port.
While the official language in Panama is Spanish, its economic connections to the US through using the dollar as one of its two official currencies mean that English is the language of business and finance for corporations in the country.
Balboa and United States dollar
Well-developed service sector
commerce, tourism, and trading
Benefits of Panama
There are a number of clear benefits that make Panama the world’s most popular offshore jurisdiction for business incorporation.
It takes around two weeks to register a company in Panama, and flexible laws make it extremely easy to do so, with no physical presence required and no requirement for board meetings to be held within the country. Shareholders can be of any nationality, with both registered and bearer shares permitted. There are no minimum capital requirements and no restrictions on paid-in capital.
You don’t have to file accounts and there is no income tax on income obtained outside of Panama. In addition, companies incorporated in Panama can act as holding companies for assets and international real estate, thus protecting them from liability.
The level of confidentiality in Panama is exceptionally high, with hidden corporate objectives, strict bank secrecy laws and no Mutual Legal Assistance Treaties (MLATs). Trade options are exceptional, with the Colon Free Trade Zone being strategically located for maritime routes and offering duty free storage, repackaging and reshipment. Funds can flow freely both in and out of the country; there are no remittance restrictions ad no currency exchange controls.
- TWO WEEKS TO REGISTER
- No physical presence and no board meeting location restrictions.
- SHAREHOLDER FLEXIBILITY
- All nationalities welcome and the option for bearer shares.
- 0% INCOME TAX
- No tax on income from outside Panama and no accounting requirements.
- LIABILITY PROTECTION
- Companies can act as holding companies.
- HIGH LEVEL OF ANONYMITY
- Strict bank secrecy laws and no MLATs .
- FREE TRADE
- Get the full benefits of the Colon Free Trade Zone.
FREE E-BOOK: INCORPORATE YOUR BUSINESS IN PANAMA
Learn more about company formation in Panama.
Our services in Panama
We are extremely familiar with the subtleties of the local environment, as well as with Panama-based companies, both locally and internationally.
Provided you do not conduct businesses within Panama, your IBC will be tax exempt, with no VAT as long as shareholders are not taxable. No tax returns are required and there is no public record of company registers.
We provide full directorial and management services for IBCs in Panama, guaranteeing that your offshore company maintains its tax-exempt status moving forward.
We operate as nominee shareholders in order to conserve anonymity, with a declaration of trust in favour of the beneficial owner.
We can help you set up a trust to protect your assets with a high level of anonymity, for the purposes of inheritance and succession planning.
We assist you with establishing and transferring assets to a foundation as a means to protect assets, increase anonymity and plan for succession.