Corporate formation series: Panama
Our efforts do not end in providing specialized administrative services. For your convenience, we have included the formation of companies in the more recognized jurisdictions such as: Panama, British Virgin Islands (BVI), Bahamas, Belize, Cayman Islands, and Nevis, among others.
Panama was the first country in the region to enact modern legislation that would allow the formation of "offshore" companies for purposes of asset protection and tax planning. The simplicity and flexibility provided by Law 32 of 1927, make Panamanian corporations the most common form of business entity used for both local and foreign investors.
In addition to the formation of Panamanian corporations, we also advise on the establishment of private interest foundations pursuant to Panama law.
- Full tax exemption over income obtained from foreign sources and operations carried out outside of Panama.
- There is full freedom of capital movement.
- The Articles of Incorporation and capital can be prepared and expressed in any language and currency.
- A minimum capital is not required nor must it be paid at the time of incorporation.
- There are no restrictions on the number of shareholders.
- Directors and officers may be individuals and/or legal entities.
- Accounting records can be kept anywhere in the world.