The structure of an offshore company in Panama

Legislation

Panama offshore company registered under the General Corporation Law, Act 32, dated 26 February 1927, which served as the model for many other offshore jurisdictions, and provides rules for the conduct of legitimate business in the international market.

When registering a company, typically, two local residents were appointed as oragnizatory and subscribers.

The names and addresses of which are open access, so when registering the company, are used nominee service that we can provide to you: If the client wishes to be a director, we provide two nominee directors, if it was not necessary, we offer three nominee directors and sign the general power of attorney to manage the company in the name of our client. These services are provided at no extra cost.

For offshore companies in Panama staff members are required: the head of the company, the treasurer and secretary. They may be physical, legal persons or corporations. One person may hold more than one position, but the head of the company and the secretary should not be the same person. There are no restrictions on the maximum number of designated staff. Directors may be employees of the company.

Requirements for the shares and capital.

The official currency of Panama - U.S. Dollar, there is no exchange controls or restrictions.

There are no requirements and deadlines for payment of the authorized capital.

Standard authorized capital to the Panamanian company is typically 10 000 U.S. dollars.

Shares may be issued with the announcement of whether or not ad value.



Taxes

Non-resident companies registered in Panama are fully exempt from tax on all the activities carried out outside the country of registration of a Panamanian offshore.

Reporting / Meetings

There is no requirement for the constituent assembly of shareholders and / or directors.

If you need a meeting of shareholders and / or directors, it can be done by telephone or other communication means.

Documents for registration of a Panamanian offshore filed in the register, where names and addresses of the directors shall be open for access (authorized nominee service).

For offshore Panamanian company has no requirement for the establishment, maintenance, storage of any accountability, and if a director in need of their presence, they can be stored anywhere in the world.

According to the law register of shareholders must be maintained with the following information: the names in alphabetical order, a permanent address mestazhitelstva data of shareholders, excluding holders of shares to bearer. The roster can be stored anywhere in the world.

Statements of Stockholders' Meetings must be kept anywhere in the world selected by the director of the company.


Privacy Policy

Documents filed with the Commercial Register include: certificate of registration of the company charter, containing the names of directors and shareholders. The information is open for access. Однако, согласно закону о регистрации компаний в However, according to the law on registration of companies in Panama, perhaps the use of nominee shareholders and directors, which ensures complete privacy of information.

Permission is granted to use the services of nominee directors and shareholders. Panamanian law requires a minimum of three directors: we usually offer nominee services at no extra cost and the real owner will give the general power of attorney to manage the company.

May be issued bearer shares.

Register of shareholders must be maintained from anywhere in the world and reflect the latest information on the names of the shareholders at predyavitelya - information not available in the Register.


Time limits

Registration of non-resident offshore company in Panama is usually recorded in a period of four to seven business days.

Upon registration of two individuals, acting as organizers and shareholders before a local notary. Panama offshore services include the services of local lawyer or legal firm, trust company and a professional consulting firm, and must use the services of registered agent when registering offshore.

Annual fee

Each year, it is necessary to pay the state fee for renewal of Panamanian offshore company and maintain it in good condition. Payment is made each year in January or, if the company was registered in the second half of the year, the 1st of July next year, and every July thereafter.

Limitations

Panama offshore company may open a bank account in any country, including Panama.

Offshore registered in Panama, can any legal action except extraction income from sources in the country.



Selecting the name of the company

The name of an offshore company can not be used or the end of the following words: Limited, Ltd, Financial, Finance, Trust, Trustee, Foundation, Insurance, Bank, Banking, or any other word means that the company is related to banking, insurance, trust and financial management.

The names of offshore companies may end with the words, phrases or abbreviations: Corporation, Corp, Incorporated, Inc., Sociedad Anonima, SA