Panama Dot Com
 
 
 
 
Menu

Forum

 

 

 

 
 


Panamanian Asset Protection Corporations

FREE Reports and Information about Panama
Sign up Today

Email:

 

Now Panama is known more for the umpteen financial opportunities it offers than its pristine beaches, dense woodlands and high mountains. In particular, offshore investors can surely hope to have a field day with the plethora of Asset Protection Corporations housed herein.

Panama, with as many as 400000 registered Corporations, presents ample opportunities for offshore banking and asset protection. Formed under the General Corporation Law, Law 32 of February 26, 1927, Panama Asset Protection Corporations (as these Offshore Companies are commonly known as) provide the legal framework necessary for conducting legitimate business activities on a worldwide scale.

As in other tax havens, taxes are not levied on the Offshore Asset Protection Companies launched in Panama (excepting a nominal amount of fixed annual fees) and promises absolute privacy to investors. Forming an Asset Protection Corporation in Panama is as easy as can be – the incorporation takes no more than 8 working days and furthermore, you need neither a business license nor any Paid-In Capital to float the Panama Offshore Company.

Have accounts in Panamanian banks or get into a business on an international level by investing in Panama’s Asset Protection Corporations. And you need to stock up on the following facts to form and operate your Panama Offshore Asset Protection Company:

What Do You Need To Know About The Incorporation Process

The Incorporation procedure involves the constitution and registration of the Corporation.
This is done through a Panama lawyer (or law firm) who acts as the Registered Agent, presenting the Subscribers before the Notary Public. Once the Corporation is registered, the documents are couriered to the actual investor. (Note: The Registered Agent’s address is considered the legal address of the Panama Non-resident Corporation).

All About Capital Requirement

The standard capitalization for a Panamanian Offshore Asset Protection Corporation is US$10,000.00, however, this is not in the form of Paid-In Capital. In fact, there is no set time period within which you have to tender the whole authorized capital. You will have personal liabilities as a shareholder; hence, you will have to clear the company’s debts (to the limit of your share) if and when the company fails to do so.

All That You Need To Do About Forming Your Company

You will need to register names of Owners or Subscribers (usually two) during incorporation. At least 3 directors, whose names will be part of the public record, are must for forming a Panama Offshore Company.

As mentioned, the Panamanian Non-resident Corporations provide 100% secret investing opportunities and so Anonymous Ownership/Shareholder Certificates will be issued to you in the form of Nominative or Bearer Forms. Again, for purposes of confidentiality, you will need to appoint nominee Directors and officers (for the posts of President, Secretary, Treasurer as well as other officials) for your Panama Asset Protection Corporation. As the actual Investor/Shareholder, you must have the Power of Attorney.

A Bit About Taxation And Reporting Requirements

Offshore Asset Protection Companies in Panama do not necessitate Reporting. The Non-resident Panamanian Corporations are 100% tax-free. All you need to pay are the Annual Corporate Franchise fees of US$ 350 each year following the incorporation.

Things That You Should Know About Records and Accounts

A Panama Offshore Banking Venture does not require you to maintain or file financial statements. The only documents that matter are the incorporation documents filed with the Mercantile Registry and a listing of the names, addresses and dates of acquisition of all the actual shareholders.

A Thing About Business License Requirement

You do not need a commercial business license to set up a Panama Asset Protection Corporation or even to operate business internationally.

You can be rest assured that with all measures adopted to ensure supreme investor privacy and safety, investing in an Asset Protection Corporation in Panama will have you laughing all the way to the bank.

For our discounted fees for forming a Panama Corporation, please see the link below, or contact us for more information.


 

 

 

 

 

 

For more information about real estate
and investment services in Panama
property,
please visit www.abpanama.com


Site Design by PanamaStaffing.com