Panama Ready Made Shelf Company
Tax Status: Offshore Tax Haven with no tax on International Companies.
Advantages: A Panama IBC is an International Business Corporation incorporated in Panama. Most of the 400,000 corporations in Panama are of the anonymous bearer share type and are eligible to conduct business around the world as well as inside of the Republic of Panama.
Disadvantages: Panama is a tiny nation, making it less desirable for large scale business that would not appear to be consistent with an international corporation.
Directors and Shareholders: Panama Companies may have local or foreign Directors and Shareholders. We have Personal and Corporate Nominee Directors and Shareholders available for our shelf companies on a case by case basis only.
Banking: There is a large selection of Panamanian and International Banks to choose from and our local Agents can assist with the application for a bank account with a wide range of these banks.
Accounting Requirements: Panama companies need only pay an Annual Government Fee and maintain the minimum statutory records at the Registered Office. No Tax Return is required.
Annual Requirements: There is an annual fee payable for maintaining a Panama Company, plus costs for Registered Office / Agent, Nominee Directors and Shareholders.
Recommended Use: We recommend Panama as a place to set up an International Company and do business internationally, but not in Panama. As a traditional offshore jurisdiction, Panama is perfect for tax planning and legal tax avoidance structures.
Due Diligence: To comply with legal requirements in your jurisdiction of choice, before we can supply any ready-made ‘shelf’ or pre-incorporated Company, IBC or LLC to you, we will require identification of the beneficial owner such as passport copy and proof of address. Specific details will be provided upon application, depending on your full requirements.
DISCLAIMER: Please note that we do not give legal advice. We assist to incorporate and maintain companies, sell pre-existing or ready-made shelf companies and provide nominee directors and shareholders. We accept no responsibility or liability for the actions of those operating the companies that we sell. Liability and responsibility remains with the beneficial owner or end user of the company.