Corporate Law and Company Formation

Corporate Law and Company Formation

Panamanian Offshore Corporation
Starting and running your own offshore business or offshore project is not easy. You may need advice from a specialist, such as help with legal and taxation issues or managing your finances.

There are many things to consider in choosing the right offshore jurisdiction. For some residents of high taxation countries, the choice of the offshore jurisdiction can be critically important.
Further, there is no general solution for everyone in choosing the offshore jurisdiction. But for many, we want to present some advantages and benefits in choosing Panama as offshore jurisdiction or domicile for your investment or offshore business.
Panama is a free country. It is independent and sovereign state. Those facts make a big difference when your local taxation office begins to investigate the business you are running.

Panama has no information exchange agreements with other countries. That means that an official letter from the tax office in your country to any of Panamanian banks or government agencies, will fail to give the result.
Panama is a big and strong and stable offshore jurisdiction. When it comes to corporate liabilities, Panamanian corporate laws will stand with you and offer you practical solution and protection. Such protection will not be just promoted protection or advertised protection but it will be real and practical.

Corporate Advantages of Panama as Offshore Jurisdiction

Some well known corporate advantages of Panama as offshore jurisdiction are:

• shares of non-par value can be used,
• shareholders, directors or officers can be other entities or companies,
• shareholders, directors or officers can be of any nationality,
• shareholders can remain totally private and confidential,
• officers of the corporation can remain private and confidential,
• the company name can be in any language,
• there is no exchange control in Panama.
• facsimiles of signatures or digital signatures are recognized,
• no accounts of the company need to be reported or filed with the government for offshore companies,
• there is no tax on income gained outside of Panama, or inside of Panama in regards to other companies,
• corporate veil cannot be pierced,
• shares (stock) of the corporation does not require paid in capital,
• consideration for shares can consist of services, goodwill or anything directors deem to be enough,
• there are no restrictions of funds coming to Panama or going out of country,
• Panama has no mutual agreement treaties for sharing of the banking informations,
• Panama does not recognize court orders from other countries, unless they are about drug smuggling and drug money laundering,