Advantages of a Panama Offshore Corporation

  • No currency restrictions in Panama. U.S. dollar is the panamanian currency
  • Incomes obtained from operations performed abroad are not taxable under panamanian law.
  • The directors, shareholders and officers, may be of any nationality and resident of any country.
  • Neither the directors nor he officers need to be shareholders.
  • Meetings of directors and shareholders and accounting may be held in the Republic of Panama, or in any other country.
  • Share certificates may be issued to the bearer or in the name of its owner and may be issued with or without par value.
  • Shareholders identity is not required to be registered at the Panama Public Registry.
  • Corporations conducting business outside of Panama, do not require a commercial license for offshore activities.
  • Competitive incorporation costs compared to other jurisdictions.
  • Incorporation takes approximately 5 to 10 labor days.