Panama Offshore Company Formation

Form your Panamanian Offshore Corporation or the Panama Private Foundation and get reasonable fees. Incorporation will be completed in 5 working days. For Panama Offshore companies we can open bank account with one of the Offshore Banks worldwide.

A-Z Business Consultancy as certified Intermediary is offering comprehensive and reliable advice and formation services for offshore companies in Panama. Occasionally, we are providing directors and officers required for registration and incorporation of the Panama Offshore Company.

Type of Offshore Company in Panama

Panamanian Corporation (“Sociedades Anónimas”)

The Panama Private Foundation ( known as PIF)

The Panamanian Offshore Corporation

Panama non-resident corporations are designed for use outside of Panama and may not carry on business in Panama. They are a popular choice because of their administrative ease, privacy features, tax exempt status and they are widely recognized by the worldwide financial community.

Documents required

Certified passport copy (by a lawyer or accountant or even a bank)
Reference letter from a bank, lawyer or accountant

Proof of address
BOD Form

Features of Panamanian Corporation (“Sociedades Anónimas”)

Panamanian Companies can be incorporated regardless to the nationality of its directors and shareholders.
The authorized capital does not have to be paid in full or partially.
There is no need to file any financial reports or tax returns in the Republic of Panama.
Legal entities of any jurisdiction may act as directors, officers and shareholders of a Panamanian Corporation.
There is no need to hold annual meetings of Directors or Shareholders.
Directors and Shareholders may attend the meetings personally, by proxy, by phone or by any other electronic means.

Three (3) directors are required, either natural persons or legal entities.
Shares may be issued to the bearer or in nominative form. In any event, the name of theshareholder is not required to be registered in the Panamanian Public Registry, thus, ensuring total anonymity.
A corporation can effectuate transactions and have assets in any part of the world without the obligation of maintaining assets in the Republic of Panama.
Panamanian Corporations are empowered by law to conduct any lawful act.
Panama is not on the OECD blacklist

Use of Panamanian Corporation (“Sociedades Anónimas”)

Investments and assets holding, such as real estate or shares.
Commercial dealings and international trading.

Asset protection
Consultancy service

The Panama Private Foundation (PIF)

A PIF is a legal entity that can be created by either a natural person or a corporation that latertransfers part or all of his/her assets to the Private Foundation so they can be managed and protected on behalf of the Beneficiaries.

Uses of the Panama Private Foundation (PIF)

Family support.
For Tax purposes.
Testamentary purposes.
For charitable purposes.

For the protection of assets.
For educational purposes.
To receive and manage capital and titles.
For the purpose of serving as guarantee or collateral.

Public and Private Information of PIF

The only information made public are the names of the Founder(s), the member (s) of the Foundation. Council and the name of the Protector, this last if it is so established on the Foundation Charter, as the Protector can be appointed by means of a private and confidential document.

Confidentiality

The Law 25 of 1995 innovates in this field when it stipulates on Article 35 that all the members of the Foundation Council, Protector, public or private servants that have knowledge of the activities, affairs, transactions and operations of the PIF must maintain reserve and confidentiality at all moments. Violation of these Articles carries a sanction of 6 months of jail time and a fine of Fifty Thousand Dollars (US$50,000), without prejudice to the civil liabilities.

Taxation for Panama Offshore Companies

Non-resident Corporation in Panama has a tax-free category, including exemption on all income tax, dividends, interest, rents, royalties, and capital gains from the sale of company shares. In place of tax, there is a fixed annual government fee, as well as an annual registered agent fee.

Contact A-Z Business Consultancy to setup your offshore company in Panama

With our experience more than 17 years in setting up offshore companies worldwide A-Z Business Consultancy is the right choice for you. After proper consultation with our team you can find out the best solution for company setup in Panama