PRESENTATION
Panama is one of the most sought-after offshore destinations in the world, as it is considered aideal jurisdiction in many ways.
It is a stable state (parliamentary republic) whose currency is directly indexedon the US dollar.
Panama is one of the most powerful economic centers in Central America / Latin America, with a GDPper inhabitant especially high. The performance of your economy is based at the same time on aposition decidedly favorable to the creation of companies and in very real advantages (Channel ofPanama, tourism, etc.)
SOCIETY CREATION
Offshore companies created in Panama enjoy a series of advantages:
• In Panama, you will not have any limitation regarding the number of shareholders or thecapital required at the time of the creation of the company. It is not mandatory either"lock" the declared capital in a bank account.
• Non-resident companies are adapted to all types of legal activity, being able togroup several different activities in the same structure.
• Companies can be managed from another country. For example, all meetingsshareholder officers and managers can be held abroad.
TAXATION
• A company created in Panama without local activity does not pay any tax onprofits or capital gains obtained. You simply have to pay a fixed annual feeof a few hundred euros.
• Likewise, companies are not obliged to maintain or present their accounting.
• There is no right of succession on the transfer of shares in the event ofdeath of one of the shareholders of a non-resident company.
• Discretion: in Panama, banking secrecy is very real and there is no indication that it willquestion, as in several European countries.
• Shareholders who create an offshore company are anonymous and their identity is not registeredin the local registry. The use of a "nominated director" (figurehead) also allows notcommunicate the identity of the manager / director.