Panama

The Colon Free Trade Zone is the largest in America and the second largest in the world and covers 400 hectares of land, which is planned to be expanded to 1200 hectares. The annual turnover of trade transactions is about $ 13 billion. More than 2000 companies operate in the Free Trade Zone. They do not need a license to conduct their business.

When registering an offshore company in Panama, a company has a number of benefits: minimal control and no reporting required, which creates a favorable business climate. Current corporation law ensures the privacy of investors. Shares are issued in registered or bearer terms. All shares can be held by one person.

Those who want to buy an offshore company in Panama are attracted by the low cost of registering a company, which takes 2-3 days, the absence of requirements for the actual payment of the authorized capital, and rather low annual financial support of the company. These advantages of registering an offshore company in Panama contribute to the fact that many large companies from all over the world are relocating their head offices here.

Panamanian firms are not required to hold an annual meeting of directors or shareholders.

If you decide to buy an offshore company in Panama, then you relieve the company from tax on income from foreign trade, export and import, cancel tariffs and quotas. At the same time, the registration of an offshore company in Panama implies a number of immigration benefits.

Taken together, the costs of doing business in Panama are quite competitive compared to other offshore countries. At the same time, the country is very actively working on its image. Russian banks, at least, do not refuse their clients to transfer funds to Panama to the accounts of offshore companies.

Shareholders, directors and officers of an offshore company in Panama can be both individuals and legal entities. Shareholders, directors and officers can be of any nationality and reside in any country. Neither directors nor officers are required to be shareholders of the company.

According to the rules for registering an offshore company in Panama, at least three employees are required: Director, Treasurer and Secretary. Companies are not required to register their actual owners and shareholders with the Panamanian government. However, it is required to provide information about the directors of the company to the state register.

Registration of an offshore company in Panama is possible in the form of a corporation or limited liability company and is accompanied only by the payment of a one-time state fee of $ 250. The fee for the second and subsequent years of the company's existence is paid in the same amount. It must be paid annually on the day of registration of the company, and a fine is charged for delay.

If you decide to buy an offshore company in Panama, then you have to remember. that the annual support for offshore in Panama (starting from the second year), in addition to paying state fees, also includes payment for the services of a registered agent and the rent of a registered office.

The undoubted advantage of registering an offshore company in Panama is the planned large-scale integration of existing infrastructure and transport (including land, air and water) into a single system, in the future creating a single Logistics Center of America, which will facilitate cargo transportation and will attract investors and buyers.

Offshore in Panama as a solution to optimize taxation and not only

By purchasing a fshore in Panama, you can solve not only the problems of tax optimization. When hiring foreign personnel working in different countries, the offshore company that is the employer will avoid high or double taxation. An offshore in Panama will protect against raiders and is a good precaution against encroachments on business and capital. An offshore company in Panama gives business and asset owners an international status, and it is possible to share risks (with multiple owners).

Registration of an offshore company in Panama allows companies to operate in the investment, holding, banking, transport, ship-owning, insurance, financial and leasing spheres. More than sixty percent of the world's hard currency is held in offshore banks. There are many offshore jurisdictions and a large number of offshore schemes.

Registration of an offshore company in Panama allows companies to get access to the credit resources of foreign banks and to the international deposit market, as well as to capital management and investment services.

The flexibility and liberalization of the legislation makes the registration of an offshore company in Panama optimal for doing business and allows you to approach business more creatively and without unnecessary bureaucratic procedures. On the international market, there is always an opportunity to find the required service that is not available on the domestic market.

Having the largest free trade zone of Colon and a number of other advantages, offshore in Panama is today one of the most demanded in the world.