Panama Offshore

Benefits and Advantages

• No obligation to pay income tax when its income is obtained from a source outside Panama.
• Minimum number of members is only one. Members may be Panamanians or Foreign individuals and may even be Panamanian or foreign corporations
• Minimum number of Directors and Officers is three and they may be a Corporation or Individual persons.
• No nationality or residence requirement for the Panamanian corporations’ Directors and Dignitaries
• Corporate assets or capital of a Panamanian corporation may be kept outside Panama
• No Tax on any transactions or business activities processed outside Panama.
• Registered Agent, who by law must be a Panama Law Firm, is compulsory, but registered office is not.
• Members/ Board of Directors Meetings may be held anywhere in the world and no periodic meetings are required by law.