Panama Offshore Corporations Frequently Asked Questions
August 9th, 2010
Is it necessary for the shareholders to travel to Panama in order to form the corporation (SA)?
No, it isn’t necessary. Our firm takes care of every step of the process and will send all the paperwork done via Courier to the address you supply so you can use immediately you corporation.
What is the approximate time frame required to form a corporation (SA)?
It takes a period of 4 to 6 business days, once all the information is received and the payment of the service fee is submitted.
What is the registered capital in a corporation?
The registered capital is that which appears in the Public Incorporation Deed of the corporation. There are no fixed amounts or limits to the assigned capital value and it may or may not be fully cancelled at the date of incorporation. The social capital is a formality, which means that in reality, the corporation may have in terms of assets, much less or much more, or nothing at all.
Can shareholders be of any nationality?
Shareholders may be any living or corporate being, of any nationality, living anywhere in the world.
What is the annual tax rate that must be paid by corporations?
The annual tax rate paid by corporations to the government is US$300.00.
Will we have to pay any type of tax on the profit if I have a corporation in Panama but it’s business is conducted abroad?
If the profit is made abroad, the corporation will not have to pay taxes in Panama for that particular income.
Read the complete FAQs of Panama Offshore Corporations.
Tags: faq, frequently asked questions, ibc, international business corporations, offshore corporations, panama
