Panama Offshore Company
Start Your Offshore Company Formation
Interested in forming an offshore company?
Turn to the unrivalled expertise of A1 Global Formations.
Panama Offshore Company
£750.00
Panama Offshore Company
(Year 2 Price onwards £649.00)
Panama is one of the most popular and established tax havens around. Its popularity is thanks to the offshore companies and foundations on offer. Panama’s tax advantages stem from the fact that it has a territorial tax system. This means there is no tax on income earned outside Panama. This rule applies to both personal and corporate income. Panama is also known for its strong maritime business and good privacy laws. Political stability is also recognized as good. As banking and shipping are Panama’s two main ‘offshore’ industries there is a good selection of banks to choose from (more than 140). Panamanian bank accounts are becoming more popular because interest is tax free and, for EU nationals, they are excluded from the Savings Tax Directive.
Why choose a Panama Offshore Company Formation?
Main features of Panama company registration
Panama offshore company formation, nominees, bank accounts and mail forwarding
As specialists in Panama offshore company formations, whether you’re looking for a simple offshore company registration or a complex structure (including offshore Trusts), A1 Global Formations can help. We also provide a comprehensive range of admin services for Panama companies, including the provision of nominee director, nominee shareholder, bank account services and mail forwarding.
Our expert Panama company formation and company registration team has established affiliations with local Panama company agents and extensive knowledge of the legal requirements for company formation in Panama. We also guarantee that all company filing documents and fees are up-to-date and will notify you of any compliance changes in Panama.
If you require us to take over the management of your existing Panama offshore company, we can usually do so at no extra cost.
To speak to an expert Panama company formation/registration advisor, please call free
+44 208 371 2440
What’s Included in The Formation Price:
Panama Offshore Company
£750.00
Additional Information for Panama
Background to Panama Company Registration
Panama is one of the most popular and established tax havens around. Its popularity is thanks to the offshore companies and foundations on offer. Panama’s tax advantages stem from the fact that it has a territorial tax system. This means there is no tax on income earned outside Panama. This rule applies to both personal and corporate income. Panama is also known for its strong maritime business and good privacy laws. Political stability is also recognized as good. As banking and shipping are Panama’s two main ‘offshore’ industries there is a good selection of banks to choose from (more than 140). Panamanian bank accounts are becoming more popular because interest is tax free and, for EU nationals, they are excluded from the Savings Tax Directive.
Panama Companies and their Tax liability
Panama companies income tax is only payable on income from a business carried on within Panama or for individuals employed there. If you realize any capital gains, these are counted as a special form of income so if you have any overseas capital gains these should also be completely tax free. Gains on local assets can be taxed at 10%. Panama is popular as a corporate tax haven for a number of reasons. Its International Business Company (IBC) and foundation structures are often promoted by offshore incorporators as effective tax-avoidance tools.
Companies are subject to the territorial tax rule, just as individuals. Therefore provided a company doesn’t derive its income from Panamanian activities, there will be no tax payable. This means that as a location for offshore IBCs Panama offers a sound 0% tax regime in most cases. This allied to the significant privacy benefits makes it a very popular destination.
Panama Offshore Company Banking
Offshore Formations 247 can incorporate Panama companies with a choice of offshore bank accounts at the time of company formation. We work closely with a number of banks, including HSBC, and FBME bank in Cyprus. Combining the two saves time and couldn’t be simpler.
Panama Company Formation/Registration
Offshore Formations 247 are able to incorporate a Panama offshore company. Company formation normally takes up to 1 to 2 days to register, though Off The Shelf companies are available should your requirements be more immediate.
Panama Offshore Company Anonymity and Disclosure.
The identity of the beneficial owners of a Panama offshore company are not made available on the public register. Directors details are however publicly available and so if anonymity is required, Offshore Formations 247 can supply the use of Nominee Directors. There is no requirement to prepare, maintain or file financial statements or annual returns. If the directors decide to maintain such accounts, they may be done anywhere in the world.
Panama Offshore Company Shares
The standard authorised share capital is US$10,000 divided in to 100 common voting shares of US$100 each or 500 common voting shares of no par value; the capital may be expressed in any convertible currency. The minimum issued capital is either one share of no par value or one share of par value.
Shares can be of various classes, can have par value or not, may be registered or bearer. Strict regulations now apply to bearer shares: the registered agent must keep the bearer share certificate in safe custody and must notify the Registrar about such shares. A Stock Register must be kept by law. The register contains the names in alphabetical order, place of domicile and date of acquisition of shareholders, other than the holders of Bearer Shares. This register may be held anywhere in the world.
CORPORATE INFORMATION
| Type of entity | Non resident |
|---|---|
| Type of law | Civil |
| Shelf company availability | Yes |
| Our time to establish a new company | 1 – 2 days |
| Minimum government fees (excluding taxation) | US $300 |
| Corporate Taxation | Nil |
| Double taxation treaty access | No |
SHARE CAPITAL OR EQUIVALENT
| Standard currency | US $ |
|---|---|
| Permitted currencies | Any |
| Minimum paid up | US $1 |
| Usual authorised | US$10,000 |
DIRECTORS
| Minimum number | 3 |
|---|---|
| Local required | No |
| Publicly accessible records | Yes |
| Location of meetings | Anywhere |
SHAREHOLDERS
| Minimum number | 1 |
|---|---|
| Publicly accessible records | Optional |
| Location of meetings | Anywhere |
COMPANY SECRETARY
| Required | Yes |
|---|---|
| Local or qualified | No |
ACCOUNTS
| Requirement to prepare | Yes |
|---|---|
| Audit requirements | No |
| Requirement to file accounts | No |
| Publicly accessible accounts | No |
OTHER
| Requirement to file annual return | No |
|---|---|
| Change in domicile permitted | Yes |
Panama Offshore Company
£750.00
Need Our Help?
Administrative Additional Services*
*Please note that some ofthese services may be a requirement for particular jurisdictions. Contact us to learn more.
Professional Director
A Professional Director is a third party, who is appointed to act as a Director of a company.
Professional Shareholder
Professional Shareholders are usually required by clients seeking legitimate confidentiality of ownership..
Telephone Answering
Clients wishing to give the impression that their company is based in the UK or has a UK office.
Mail Forwarding
Enhance your business image whilst at the same time fully protecting your true identity and location
Offshore Banking
Offshore account for your company with our International Banking Partners.
Accounting Services
Provision of accounting services for your offshore company.
Trusts & Foundations
Ensure your assets are passed to beneficiaries of your choice.
Wealth Management
Offshore investment advice. Ensure your offshore funds are invested.
Related Services
Special Packages
A selection of special packages at discounted rates based on popular products and jurisdictions.
Offshore Banking
Select from a range of Offshore Banking solutions for your personal and business needs.
Additional Services
We offer specialist and comprehensive additional services to cover all of your corporate needs.
