Advantages
Panamanian Corporations offer the following advantages:
- They do not require a minimum capital, nor that it be paid at the moment of incorporation.
- Stocks can be emitted to the bearer in a nominative form, with or without nominal value.
- There are no restrictions in the number of shareholders in a panamanian corporation.
- Shareholders are not responsible for the debts of the corporation, only for what they owe proportional to the value of their shares.
- They do not require the public registry to bare the identity of the shareholders.
- Directors and dignitaries are not required to be shareholders.
- Directors and dignitaries may be natural or legal entities and are not required to be residents or citizens of the Republic of Panama, hence do not need to reside in the country.
- They do not require any annual or periodical meetings on behalf of the Assembly or Board of Directors, however they are allowed to take place in Panama or abroad.
- The panamanian corporation’s residence can be in any part of the world.
- The corporation can maintain its accounting in any part of the world, with the exception if they do business in Panama.
- The panama corporation that does not do business in Panama is not required to pay income tax or present an income tax return or any financial statement in Panama.
What are the rates for creating my own Corporation?