EpiphyCorp

The major changes which affect the international commerce through corporations or persons residing in Panama established by the recent approved Law 33 of June 30 of 2010, which “adds one chapter to the Tax Code regarding Adequacy Standards to the Treaties or Agreements to avoid the Double taxation and adopts other tax measures” are the following:  

“An extraordinary tool to establish your legacy”

Many people undertake the task of organize their patrimony through a corporate identity, mainly looking for confidentiality, facility to administer the assets owned by the corporation and a proven stability in the legislation that will back up the chosen legal figure. By doing this, they have created a strong protection against any situation of risk that can arise in its businesses or daily activities.

Law 32 of 1927 establishes the powers that the Directors of the Panamanian Offshore Corporations will have in the performance of their duties: