subject: Offshore Incorporation In Panama [print this page] There are many advantages to having an offshore incorporation. And if you have been in business for a good amount of time you know that having an offshore business corporation is the best when it comes to asset protection. And if you have been in business, with your businesses being off shore, then you should learn more about the potential of having an offshore incorporation in the country of Panama.
As you may already know about offshore corporations there are a lot of financial benefits that include asset protection, privacy and investment diversification. Other benefits include tax minimization, affordability and convenience. And creating an offshore business is not difficult and when you do it in the country of Panama you can benefit greatly.
Panama has the world's strictest laws in terms of book secrecy and banking secrecy laws available. Panama is also one of the few countries that allow "bearer share corporation", which is an offshore corporation that has totally anonymous share holders. This can benefit many interested investors for your offshore incorporation.
To incorporate in Panama the interested party does not need to be present in the country. You can set up the corporation through a nominee who then submits the Articles of Incorporation.
The potential is literally limitless as to what you can do to accomplish your financial goals when it comes to incorporating in Panama. Real estate, trusts, intellectual property, and the list can go on and on. According to Panamanian law any money earned outside of the Panamanian boarders is tax exempt. This truly means that your money can go further in Panama than it can in many other countries.
Once you do establish the offshore corporation in Panama you can then begin to establish a bank account for your business in any Panamanian financial institute. And let's not forget that Panama has some of the strictest privacy laws in the world when it comes to banking. This keeps your corporations monetary assets, your investor's assets and your assets private.
Once you have set up your offshore corporation and your banking needs in Panama you can proceed to set up a brokerage account. Under Panamanian law corporations do not pay tax on interest or capital gains on the purchase or sale of offshore securities; stocks, bonds, commodities, mutual funds, etc. Panama is a sovereign nation, it is not controlled by any other country or government, which means that your assets are totally protected.
Here is a quick bullet point of some of the reasons to offshore incorporate in Panama:
Corporations that conduct business outside of Panama do not require licensing.
Neither the directors nor the officers need to be shareholders.
Officers, shareholders and directors can be of any nationality or reside in any other country.
Annual maintenance costs for the corporation is $500 USD, including annual corporation taxes.
As you can see, there is some worthwhile interest when it comes to creating your offshore corporation in Panama. Simply contact your business attorney to see what you can do to set up your business is Panama.
