Features of Panama Offshore Company
- Annual fees from the 2nd year $900
- Government fees
- Registered agent for 1 year
- Registered office for 1 year
- Nominee Director (Including apostilled Power of Attorney) per year $450
- Nominee shareholder per year $350
- Notarized set of all corporate documents $100
- Apostilled set of all corporate documents $200
- Certificate of Incorporation Memorandum of Association
- Articles of Association
- Resolution of Subscriber in Writing
- Resolution of Director in Writing
- Share Certificate
You can retain anonymity by appointing Nominee Shareholders and Nominee Directors. Where nominees are used, the disclosure of the beneficial shareholders or real directors is not a matter of public record, and the names do not need to be disclosed. We offer the service of providing you a Nominee Shareholder and Nominee Director for further confidentiality adding an additional layer of privacy.
Low-Cost Panama Company Formation
The Republic of Panama is situated between Costa Rica in Central America and Columbia in South America with coastlines on both the Pacific and Atlantic Oceans. Its capital, Panama City, is on the Pacific coast at the entrance of the Panama Canal. Panama used to be a Spanish colony up until 1821. In 1903, Panama broke their alliance with Colombia and became an independent republic.
The population of Panama sits at approximately 2.4 million, of which 700,000 live in Panama City.
Panama is one of the more well-known and recognized offshore jurisdictions due mainly to its emphasis on prioritizing confidentiality and its highly efficient register. Registering a company in Panama can only be done via a local solicitor.
- Panama offshore company requires a minimum of 3 directors.
- Confidentiality – Panama offers a high level of anonymity and privacy.
- Accounting requirement – No accounting/reporting requirements.
- Taxation – No taxes of any sort
Low-cost Panamanian offshore company services and advantages include:
- Setting up an offshore company in Panama is quick and affordable.
- Income derived outside of Panama is not taxed.
- The Government does not control the offshore company in Panama activities.
- Confidential information is neither required nor registered.
- Panama offshore company can be managed from anywhere in the world.
- Bearer shares may be issued at owner’s request.
- No paid – in capital required for incorporating a Panama IBC.
- No limitation on Panama offshore company lawful activities.
Holding an IBC in Panama can open many possibilities for you, including holding bank accounts, deposits in order to receive commissions and all this tax free. One may own shares of other companies, as well as own patents and it also offers the option to receive dividends and royalties, also tax free.
We believe in reasonable prices that are reflected in our fees for Panama cheap company formation. We offer the cheapest price in the market.
Panama is an ideal jurisdiction for those looking for top confidentiality and financial secrecy. Panama can provide legal protection of assets and identity and is a prime location for international investors and businessmen to operate an offshore company as it is one of the most secure offshore financial centers in the world. Panama not only respects privacy and confidentiality, but institutes constitutional law that actively protects it.
Panama is a sovereign nation, that is not governed or controlled by any other country in the world.
For those who are interested, there is also the option of using the Panama Private Interest Foundation, which is essentially an advanced asset protection framework. This design is geared towards those who wish to control and maintain ownership of a foreign corporation but do not wish the information to be accessible by their home countries.
This way they can establish a Private Interest Foundation in Panama that will own the shares of the company, instead of it being under the owner’s personal name. Thus the foundation will claim ownership over the corporation, keeping the actual owner’s information completely anonymous.
How to set up an offshore company in Panama?
Elite Formations makes the process easy. You can either use our smart and easy online form or you can contact us and we will personally assist you with every step of the process.
Please contact us and we will get to you ASAP