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reating a company in Panama has many benefits, from asset protection to doing business remotely from anywhere in the world are many of the reasons to create a Panama Corporation when investing here.
4 Reasons to create a Panama Corporation
Panama makes very uncomplicated to create a Corporation. It only takes 4 business days. Below we outline the top 4 reasons to create a Panama Corporation:
1. Asset Protection: By having your company acting as a holding company, your assets are protected and shielded from any possible liability.
2. Easy representation: Meetings of Shareholders can be held anywhere in the world.
3. Privacy: Shareholders of the company don’t need to be publicly registered.
4. Anyone can: The directors, shareholders and officers can be of any nationality and live or work anywhere in world.
Corporate capital of a Panama Corporation
A Panama corporation is not required to have a paid capital to be valid after its constitution, and these corporations may issue nominative or bearer stocks. When corporate stocks are issued to the bearer, share in the corporate capital corresponding to those stocks issued to the bearer is presumed paid.
Any kind of person, a natural person or other corporation or company, can become a holder or owner of the corporate stocks, with no need for having legal residence or being present in the Republic of Panama. Any nominative stock may be issued in favor of more than one person.
Panama Corporation tax benefits
A Panama Corporation is subjected to a territorial tax system, a regime that only requires payment of taxes for operations done or considered done within the territory of the Republic of Panama. Under Panamanian Tax Law, commercial operations executed, taking place, or taking effects outside Panama will be considered offshore and are not taxable, without considering that these operations may be managed or directed from an office located in Panama. Except for the annual corporate tax in the amount of USD 300.00 that all corporations and private interest foundations must pay, there would be no other tax obligations for an offshore Panama corporation.
If you want to learn more about taxes in Panama, click here.
If you are looking into a Panama Corporation as part of a real estate transaction in the Bocas del Toro Region, don’t hesitate to schedule a free consultation call with attorney Daniel Anaya.
Or either book an appointment here.
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Private Interest Foundation
Perfect for asset protection. Set up within 4 business days