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.