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Corporations
Recognized as an excellent tax planning tool, the Panamanian corporations are widely known and used worldwide.
Panamanian Corporations offer many tax advantages, especially when used as offshore corporations.
Panamanian corporations are easy to handle and manage, while providing versatility and safety. Law 32 of 1927, corporations of the Republic of Panama applies equally to corporations doing business, i.e., within the Republic of Panama and the companies whose activity is considered offshore.
Panamanian companies are also commonly used as the perfect instrument for asset protection, because they can serve as a holding company or may possess or own any type of assets.
One big advantage that our law provides to Panamanian offshore companies is the ability to develop activities that are not taxed in Panama, as Panama uses a tax system based on the principle of territoriality. Thus, the Panamanian company serving retailers, investors and foreign companies to achieve efficiency in tax issues. It is also important to note that the Directors and Officers of a Panamanian corporation can be of any nationality and be resident in any country, they don`t need to be Panamanian or have to reside in Panama.
A corporation can open offshore bank accounts and own property abroad without paying taxes in Panama to maintain these assets in their name. Panamanian corporations can have any lawful purpose and may perform any commercial or industrial activity.
Legal Business Advisers always aims to satisfy the needs of customers requiring a personalized, high quality and efficient service.
Contact us and we will gladly clarify any questions you have on Corporations.
Recognized as an excellent tax planning tool, the Panamanian corporations are widely known and used worldwide.
Panamanian Corporations offer many tax advantages, especially when used as offshore corporations.
Panamanian corporations are easy to handle and manage, while providing versatility and safety. Law 32 of 1927, corporations of the Republic of Panama applies equally to corporations doing business, i.e., within the Republic of Panama and the companies whose activity is considered offshore.
Panamanian companies are also commonly used as the perfect instrument for asset protection, because they can serve as a holding company or may possess or own any type of assets.
One big advantage that our law provides to Panamanian offshore companies is the ability to develop activities that are not taxed in Panama, as Panama uses a tax system based on the principle of territoriality. Thus, the Panamanian company serving retailers, investors and foreign companies to achieve efficiency in tax issues. It is also important to note that the Directors and Officers of a Panamanian corporation can be of any nationality and be resident in any country, they don`t need to be Panamanian or have to reside in Panama.
A corporation can open offshore bank accounts and own property abroad without paying taxes in Panama to maintain these assets in their name. Panamanian corporations can have any lawful purpose and may perform any commercial or industrial activity.
Legal Business Advisers always aims to satisfy the needs of customers requiring a personalized, high quality and efficient service.
Contact us and we will gladly clarify any questions you have on Corporations.
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