Anonymous Societies
Panama was one of the first countries to introduce and promote legislation that allows the creation of Offshore Companies. Thus offering investors who wish to establish a business; the possibility of incorporating Corporations in Panama or abroad.
In accordance with Law 32 of 1927 that regulates Corporations in Panama, two (2) or more persons, being Panamanian citizens or not, may organize a Public Limited Company for any lawful purpose (s).
The strategic geographical position of Panama, its parity with the dollar, its position as an international financial center, as well as its tax system based on the principle of territoriality (income from foreign sources does not cause income tax before the national tax authorities ), contribute to the development of Corporations in Panama.
Benefits of Incorporating Corporations in Panama
- The shares can be issued in registered form or to the bearer.
- There is no minimum capital required to pay.
- The company can have offices anywhere in the world.
- Income from a foreign source does not cause income tax before the national tax authorities.
- Shareholders, directors and officers can have any nationality and reside anywhere in the world.
- Board of Directors meetings can be held anywhere in the world.
- Corporations in Panama can be incorporated indefinitely.
Panamanian Legislation on Limited Companies, Law 32 of 1927
This law details
- On the Formation of Society.
- Of the Faculties of the Public Limited Company, among others.
Services offered by the Firm on Corporations in Panama
Our law firm has vast experience in the incorporation of public limited companies, among other corporate law figures, as well as in all those procedures related to corporations, such as the drafting of shareholder and board of directors agreements, mergers, consolidations, changes of directors , increase in capital stock, among others.
In attention to the realities of Panama, our Firm has specialized its efforts not only in the constitution and advice of the most diverse aspects related to Panamanian Corporations, but we also offer the same incorporation and consulting services for international business companies (IBC ´s) in recognized Off Shore financial centers, such as the Bahamas, British Virgin Islands and Belize.
We also ensure a fast registration process and easy administration.
Also, we provide nominative directors, in case our clients require it and we make the payment of the Single Fee at the time of incorporating the Corporations in Panama.