October 30, 2020
  • 4:02 am COVID-19 SAFETY GUIDELINES AND REQUIREMENTS TO ENTER PANAMA
  • 6:34 am UPDATE / 4th Edition
  • 2:07 am Panama calls for market consultation before the international tender for the operation of Balboa Shipyard
  • 2:04 am PANAMA ADVOCATES FOR SOLIDARITY BETWEEN GOVERNMENTS TO URGENTLY ADDRESS CREW CHANGES WHILE BENEFITING ALL SEAFARERS
  • 4:43 am TRAVEL RESTRICTIONS TO PANAMA EXTENDED FROM SEPTEMBER 23, 2020.
Hong Kong
Panama

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.