Panama
Panama is the southernmost country of Central America. The country’s location gives it a strategic privilege – it lies on the isthmus connecting North and South America, which allows it to regulate the canal between Atlantic and Pacific oceans.
Panamanians like to blend all of them together and believe that “Panama” means “abundance of fish, trees and butterflies”. This is a perfect description for the beautiful country with its gorgeous white sand beaches, crystal clear waters and its incredible biodiversity. Panama’s vibrant colours attract travelers from all over the world.
Panama is a sovereign democracy. Panama has very low taxes, making it a desirable destination for offshore banking.
Key Corporate Features |
|
|---|---|
General |
|
| Basis of Legal System | Civil |
| Type of Company | Corporation |
| Tax on Offshore Profits | Nil |
| Redomiciliation Permitted | Yes |
| Time to Form | 3 days |
Corporate Requirements |
|
| Minimum Shareholders | 1 |
| Minimum Directors | 3 |
Corporate Administration |
|
| Corporate Directors Permitted | Yes |
Local Requirements |
|
| Registered Office/Agent | Yes |
| Company Secretary | No |
| Director | No |
| Meetings | No |
Public Filings |
|
| Directors | No |
| Shareholders | No |
| Beneficial Owners | No |
Annual Filing Requirements |
|
| Annual Return | No |
| Audited Accounts | No |