Information Regarding Panama Corporation

Panama Title & Escrow has in-house attorneys in association with an experienced, competent Panama law firm who can form Panama corporations for our clients.

Panama has one of the best offshore incorporation laws in the world.  Panama corporations can be used by people from every country seeking worldwide asset protection, confidentiality, anonymity, diverse investments, minimized taxes, convenient, and affordable.

You can use Panama corporations for global trading, setting up offshore bank accounts or investment accounts, settling foundations and trusts, holding title to real estate or other assets.  A Panama corporation can make the discreet movement of funds across international borders easier to achieve.  Several Panama corporations can work together to provide stronger asset protection.

Panama has the most secret corporate and banking laws in the world.  Panama is one of the few countries in the world offering “bearer shares” for their corporations ensuring shareholders anonymity.  Your business transactions will remain confidential when using Panama corporations to protect your assets and keep your identity anonymous. Panama is an independent country with no strings or controls exerted by any other country.  Your business and banking matters can be conducted in total privacy and remain confidential.

Creating a Panama corporation is not complicated, is fast, and affordable.  Take advantage of Panama’s strict bank secrecy laws by opening a Panama corporate bank account for worldwide asset protection.  A Panama corporation can also create a brokerage account to trade commodities, mutual funds, currencies (forex), stocks, bonds, and more.  Panama corporations are exempt from paying taxes on earned interest from accounts and capital gains when selling offshore securities (non-Panamanian commodities, forex, stocks, bonds, etc.).

Panama corporations are also called “international business corporations” (ibc), and in Spanish they are called “sociedad anominas” or “anonymous societies”.

Contact us if you wish to create a Panama corporation.

SOME FACTS ABOUT PANAMA CORPORATIONS

Second in the World for Offshore Incorporations:  There are over 500,000 registered Panama corporations and Panama Private Foundations making Panama the second most prevalent country for incorporations in the world, behind Hong Kong.

No Reporting  Obligations:  Panama does not require any type of reports to be filed with the government concerning business activities or who the real owners are.

No Income Taxes:  There are no income taxes for income derived outside of Panama.  Only income made inside Panama are subject to income tax.

No Disclosure of Private Records:  Panama does not allow what is called “piercing the corporate veil” which allows for disclosure of a corporation’s private records, books, and ownership.

Total Anonymity:  Creating Panama corporations can be done with totally anonymous ownership.  Nominee officers and directors (usually employed by the law firm) who are not shareholders will be the only names in the corporation’s public records.  Panama is one of the few countries allowing for stocks to be issued to “Bearer” instead of a person’s or corporation’s name.  This ensures further anonymous ownership.

No Paid-In Capital:  Panama doesn’t require Paid-In Capital and there is no time limit for when the authorized capital must be paid.

Required Directors & Officers:  Panama requires that all corporations have a minimum of 3 directors and officers (a President, Secretary, and Treasurer).  The directors and officers can be people or corporations from anywhere in the world.  The names of the directors and officers are filed in the Public Registry.

Nominee Directors:  Our clients have the option to use “Nominee Directors” whose names will appear in the Public Registry to ensure our clients ownership to remain anonymous.  In order to assure complete client control, each nominee director and officer will provide pre-signed, undated letters of resignation.  This allows our clients to replace any or all of the directors and officers at any time.  Nominee directors and officers are provided free of charge during the first year.

No Required Directors and Shareholders Meetings:  Directors and/or shareholders meetings are not required.  If clients wish to conduct meetings, they can be held anywhere in the world by proxy, telephone, chats, video, or other electronic ways.  Resolutions are valid regardless if they were signed at different countries or dates.

Corporation Records:  While Panama does not require corporate records or books, it is recommended that every Panama corporation should have a book of minutes and a register of stocks which can be kept in any country.

Subscribers:  Panama law requires two people (called Subscribers) to appear at the Public Registry to file the incorporation documents.  Our lawyers will provide that service.  While the Subscribers are required to own one share apiece at the time of filing of the Articles of Incorporation, the Subscribers will sign a letter of resignation of their shares of the Panama corporation which will be provided to our clients.

Annual Corporate Franchise Tax:  Every Panama corporation and foundation must pay an annual corporate franchise tax of $300 every year to remain registered in good standing.  If the entity was created between January 1 to June 30, the tax is due by July 15.  If the entity was created between July 1 and December 31, the tax is due by January 15.  Late payments will be charged $50 with a second late penalty of $300 if not paid by the next annual due date.

Convenient:  Clients do not have to be in Panama when the corporation is created.  We can do everything for you by e-mail, telephone or fax.

No Business License Required:  Offshore corporations conducting all of their business outside of Panama are not required to have a commercial business license.

Corporate Seal:  A corporate seal is not required.  One can be created for the corporation if the client desires.

Re-Domicile:  Corporations from other countries may become “re-domiciled” in Panama, as well as, Panama corporations becoming re-domiciled in other countries.

Registered Address:  Every Panama corporation must have a legally physical address mentioned in the article of incorporation.  The Registered Agent (law firm creating the corporation) can provide that.

Special Panama Corporation Package Offer

For only $1,300 ($1,000 + $250 government tax + $50 Courier  if outside of Panama)   or $1,250 without courier fee; our Special Panama Corporate Package includes:

1.  Panama Corporation with the following documents:

- Original Articles of Incorporation registered with the Panama Public Registry (in Spanish)

- Original English translation of the Articles of Incorporation

- Panama Registered Agent

- Panama Registered Address

- Panama Nominee Directors and Officers (Optional)

- Pre-signed, undated letters of resignation from nominee directors & officers

- Corporate share certificates issued to any person or entity client desires, or to “Bearer”

- First Minutes of the Board of Directors (where the nominee subscribers renounce their legal rights to one share and where all shares are issued on the share certificates)

- Full payment of the first year’s Panama Corporate Franchise Tax

2.  General Power of Attorney

You will be provided with a notarized General Power of Attorney with an apostil stamp which has a blank space so you can type in any name you wish.  The named person will control the corporation, be able to sign contracts, open bank and brokerage accounts, and conduct business.

3.  Corporate Offshore Brokerage Account

- Using a licensed, insured, reputable, offshore brokerage company.

- Full access to commodities, forex, stocks, mutual funds, and other investments available with all major securities exchanges around the world.

- Offshore multi-currency account which will hold your money in any world currency.

- Online banking access to view your account and conduct trading from anywhere.

- Debit card (optional) to obtain cash from ATM’s worldwide and to purchase goods and services wherever credit cards are accepted.

- English speaking licensed financial advisors providing investment advice.

* Add a Panama Corporate Bank Account to the above packet for only $700.

The Panama Corporate Bank Account includes:

- Licensed, secure, reputable Panama bank

- Internet banking services

- Time deposits (Certificates of Deposit)

- Corporate credit cards (optional) to obtain cash from any ATM around the world and to purchase goods and services anywhere credit cards are honored.

- English speaking staff

Do your research and you will see that other companies are offering all of these for up to 4 times the cost.

Note: Please add $50 to your order if you would like your documents sent by guaranteed 3 days Courier Service. Otherwise, your corporate documents will be sent by regular mail, which may take up to 6 weeks for delivery.

Total Panama Offshore Structure

The total Panama offshore structure is a dual entity structure consisting of a Panama Private Interest Foundation holding ownership of a Panama Offshore Corporation.

The dual entity structure provides the utmost in asset protection, anonymity, privacy, and convenience. The Panama corporation holds all major assets, such as commercial businesses, real estate, vehicles, etc. and the Panama Private Interest Foundation acts as a holding company to the Panama corporation.

Our Total Panama Offshore Structure Package, only costs $3,050 USD and includes the following:

1. Panama Private Interest Foundation with:

- Original Private Interest Foundation Charter in Spanish, filed in Panama’s Public Registry.

- English translation of the Private Interest Foundation Charter.

- Nominee Foundation Council (optional) with pre-signed, notarized, undated letters of resignation.

- Notarized Private Protectorate Document.

- Notarized General Power of Attorney, with apostil seal.

- Foundation Letter of Wishes (with blanks provided for you to complete).

- Corporate offshore brokerage account, with optional Debit Card, and online access.

- Government Franchise Taxes Paid for the first year.

2. Panama Offshore Corporation with:

- Original Articles of Incorporation in Spanish, filed in Panama’s Public Registry.

- English translation of the Articles of Incorporation.

- Nominee Directors (optional) with notarized, pre-signed, undated letters of resignation.

- First meeting of the board of directors, whereby the nominee subscribers forsake their rights to one share each, and 100% of the company shares are issued.

- Company Share Certificate issued in the name of your foundation.

- Notarized General Power of Attorney with apostil seal.

- Corporate brokerage account, with optional Debit Card, and online access.

- Government Franchise Taxes paid for the first year.

3. Panama Corporate Bank Account (in the name of either your Panama corporation or Panama Private Interest Foundation):

- With Optional Offshore Debit Cards.

- With Optional Secured Offshore Credit Cards.

- With Internet offshore banking.

- With Multi currency offshore accounts

4. General Manager Contract:

Contract between yourself and your corporation (or foundation), creating your role as General Manager (not a director, just a manager).  Enables you to receive a salary and/or commissions from offshore, and validates your income. Establishes yourself as signatory on the corporate (or foundation) accounts, as well as using the corporate debit card and/or checkbook for business expenses, travel, etc.

5. Mail Forwarding Service, includes:

- Corporate Post Office (P.O.) Box in Panama to receive mail for your Panama corporation & Panama Private Interest Foundation.

- Physical address in Panama to receive courier packages for your Panama corporation & Panama Private Interest Foundation.

- Forwarding service via mail, courier, fax, or scanned email attachment.

6. Courier Included: Documents are shipped by 3 day courier service (FedEx, DHL, UPS, or TNT).

To summarize, for only $3,050 you are receiving all of the following!

- Panama Private Interest Foundation (With First Year's Annual Government Corporate Franchise Taxes Paid)

- Panama Corporation (With First Year's Annual Government Corporate Franchise Taxes Paid)

- 2 Corporate Offshore Brokerage Accounts

- 1 Corporate Offshore Bank Account

- General Manager Contract

- Mail Forwarding Service

- Delivery of Documents via 3 Day Courier Service