Panama company

The souverign state and republic of Panama is located in Central America between Colombia and Costa Rica.  Panama used to be a province of Colombia and was ceded from Colombia in the early 1900’s with the support of USA. Panama then signed a treaty with USA granting them rights to build the canal and rights of land on both sides of the canal. It took 10 years to construct the panama canal.

Panama is a civil law jurisdiction based on the Spanish Civil Code.

Panamanian business types take these forms:

• Corporation limited by share
• Foreign Corporation
• General
• Civil
• Limited partnership
• Trusts

Lately the Panamanian offshore corporation has become very popular mainly because of the privacy given by Panama Foundation. Very similar to Liechtenstein Foundation.

Companypanama.com can help setting up any type of business in Panama.

Today more than 100.000 companies have been registered in Panama. Many of these conduct trading /shipping or banking operations. Complete freedom is given to transfer funds in and out of the company and tax is only paid by companies making business locally in Panama.