OFFSHORE COMPANIES IN PANAMA
Panamá Legal Business (Panleb)
Panama, Panama City
Prepared by:
Moises Alvarado N.
FORM A COMPANY IN PANAMA (OFFSHORE)
ICreating a company in Panama (offshore) is a great strategy to boost business growth and profitability, this will allow you to take advantage of the country's multiple tax incentives and carry out your business operations under the confidentiality and protection guaranteed by Panamanian regulations.
When registering one (offshore) in Panama, consider some advantages that the country offers such as value added tax (VAT) and the lowest income rate in Central America Additionally, the country has shown favorable economic performance in recent years, attracting foreign executives and companies from all over the world, especially from North and Central America
Panama has been an attractive point to create an (offshore) company for decades, and it has the economic, political and geographical elements that will define it in one of the best options for corporations looking to expand in this way
Any (offshore) company registered in Panama will benefit from a territorial tax regime, that is, income from activities or transactions carried out outside the Republic of Panama are exempt from paying income tax.
ADVANTAGES OF OFFSHORE COMPANIES IN PANAMA
The company (offshore) whose operations or transactions are perfected, consummated or take effect outside of Panama will enjoy the following tax benefits
confidentiality
Minimum requirements for the creation of a company.
Protection against superfluous demands
Reduction of operating costs
asset protection
Easy transfer of shares and assets
Non-discrimination regarding the nationality of the owners of the company
The business owner may or may not live in the country
anonymity
Banking secrecy
Spanish and English are spoken
The capital does not have to be paid or released,
tax exemptions
In accordance with Panamanian tax regulations, the following activities will be exempt from taxes:
ü Invoicing of goods or services through your Panamanian office at a higher price than the invoices to the corporation in Panama for the same goods or merchandise, as long as said products or goods remain outside of Panama
ü Carry out transactions through your company in Panama, which will take effect outside the country.
üDistribute dividends and shares of Panamanian corporations or individuals with income not generated in Panama, including doing so through the aforementioned operations
SOME QUESTIONS THAT ARISE ABOUT THE CREATION OF OFFSHORE COMPANIES IN PANAMA.
¿How is a company registered in Panama?
Organization of the company (offshore) registered in the Public Registry of Panama
Register the corporation with the Panama Tax Authority.
Obtaining the commercial license Bank account opening.
Can foreigners establish a company in Panama?
Of course yes, in fact, as previously mentioned in the advantages of offshore companies in Panama, there is no discrimination of identity or nationality of the owners of the organization.
How much does it cost to register a company (offshore) in Panama?
The cost of setting up an offshore company in Panama is generally low, as is the cost of its annual maintenance, which makes Panama competitive in different jurisdictions.
What is the tax rate for offshore companies in Panama?
All offshore companies in Panama benefit from a territorial tax regime, that is, income from activities or transactions carried out outside the Republic of Panama are exempt from paying taxes.
Once the Offshore company in Panama is created, is there any mechanism to maintain the anonymity of the shareholders of the company?
Indeed, yes, we maintain the services of nominal agents who provide the service of being on the organization's board of directors, to maintain anonymity
