February 28, 2024
  • 3:06 am The Panamanian flag is flying on 16% of the world’s ships fleet
  • 6:51 am Panama is the venue of the “XXIII meeting of the Agreement Committee and Administrators of Information Centers as well as Technical Work Groups” of the Viña del Mar Agreement.
  • 4:49 am Panama continues to be the leader in flag ship registry with 8,662 vessels
  • 8:04 am Statement from the Panama Ship Registry
  • 8:01 am Panamanian Arsenio Dominguez is elected IMO’s Secretary General
Hong Kong

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.