Panama is a well-known jurisdiction for offshore companies due to its favorable tax laws and strong financial privacy regulations. These companies are often established for the purpose of tax optimization, asset protection and maintaining privacy.
One of the key benefits of an offshore company in Panama is its low tax rate, there is no corporate income tax and very low personal income tax rates. Additionally, Panama has strong banking secrecy laws, which provide a high level of privacy for shareholders and directors of offshore companies. Furthermore, Panama has a stable political and economic environment, which makes it an ideal location for offshore companies.
Minimum of 1 Director
Minimum of 1 Local Director
Nominee Director Services Available
Minimum of 1 Shareholder
Minimum of 1 Corporate Secretary
Minimum Paid-Up Capital of SGD $1
Company Registration (Private Limited)
Company Name Reservation
Preparation of all necessary documents of your company with the Registrar
Certificate of Incorporation
First Board of Directors Resolution
Provision of Registered Address
Annual Renewal Services
Point of Contact to Receive Notices from Local Authorities
Provision of Company Secretary for 1 year.
Additional Services (Variation Order)
Company Rubber Stamp
Bank Account Opening Assistance
Goods & Services Tax (GST) Registration
Virtual Offices Available
Annual Nominee Director Services
Annual Accounting and Tax Filing Services
The benefits of an offshore company in Panama include tax optimization, asset protection, privacy, a fast and easy incorporation process, a developed financial services sector, a stable political and economic environment, flexibility, anonymous ownership, and legal protection.
The requirements for incorporating an offshore company in Panama include having at least one director and one shareholder, having a registered agent in Panama, having a registered office in the country, and filing annual financial statements with the Panamanian government.
There is no corporate income tax in Panama and low personal income tax rates. Additionally, Panama has no taxes on dividends, interests, and capital gains, and no taxes on foreign-sourced income.
No, there are no public records of shareholders and directors of offshore companies in Panama, providing an added level of privacy and confidentiality.
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