Offshore company formation in Panama

INTRODUCTION TO OFFSHORE COMPANY FORMATION IN PANAMA

Washed by the crystal waters of the Caribbean Sea and the Pacific Ocean, Panama is located in the middle of the American continent, safely away from the storm and hurricane tracks. For decades, it has been attracting foreign capital under its two-starred flag.

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

Panama offshore companies are commonly used for:

• the holding / ownership of investments and assets, such as real estate or shares or other property
• commercial transactions and international trading operations
• asset protection vehicles
• consultancy and personal service companies

PANAMA OFFSHORE COMPANY FORMATION SPECIALS

• No minimum share capital requirement to offshore company registered in Panama
• Minimum number of Panama offshore company directors is three (non-resident and corporate directors allowed)
• Names and addresses of the company directors are a matter of public record. (Nominee directors are customary)
• Ease of administration: no requirement to prepare, maintain or file company financial statements in Panama. If the company directors decide to maintain such accounts, they may be done anywhere in the world
• Bearer shares are allowed
• A Panama corporation MAY use the following endings: Corporation, Corp, Incorporated, Inc., Sociedad Anonima, S.A.

TIME FRAMES FOR COMPANY SETUP IN PANAMA

• 4 – 6 days for incorporation of offshore company in Panama (allow 3 – 5 days for courier)
• Ready-made offshore shelf companies in Panama available on the shelf

PANAMA OFFSHORE COMPANY FORMATION FEES

Please contact us for recent Panama offshore company formation prices.

BANKING FACILITIES AVAILABLE FOR OFFSHORE COMPANIES IN PANAMA

For the company registered in Panama, we can recommend opening an account with various banks located in Latvia, Estonia, Denmark or Cyprus. Please contact us for further details on banking facilities available for company registered in Panama.

VIRTUAL OFFICE SERVICES AVAILABLE TO PANAMA OFFSHORE COMPANIES

Please contact us for availability of virtual office services to offshore companies registered in Panama.

HOW TO REGISTER AN OFFSHORE COMPANY IN PANAMA?

To open a Panama offshore company, we will require the following:

• 100% of the Panama offshore company formation cost
• A completed offshore company registration application form
• A passport copy of the Panama offshore company’s beneficial owner and company attorney
• Proof of residential address (propiska in domestic passport or copy of a utility bill less than three months old).

Please send your documentation for offshore company registration in Panama to:

SIA IBC Konsultants
Antonijas St. 22-4, LV-1010

Riga, Latvia

Fax: +371 67333957
Email: info@globalcompanyregistration.com
Skype: Contact_IBC

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