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.