Panama offshore company

A panama offshore company is a company based in panama, but with no business interest within panama. Such company is exempt 100% to pay any local taxes apart from the annual franchise tax of $150. This makes panama very interesting  for many seeking company incorporation in a political and economic stable country such as Panama.

When setting up your offshore company in Panama it is done using nominees provided by us. This allows you tax saving advantages being a non-resident. We ensure that such company setup is made in a structured and managed approach.

A Panama offshore company having no business interest within Panama itself is exempt 100% of paying any local taxes apart from the annual $150 franchise tax.

The company laws of Panama are based upon the Spanish Civil Code.  It is very important for you to know that business language used in Panama is both English and Spanish. Companypanama.com will help you with all translations necessary to file your company.

Like we already went through above any Company incorporated in Panama having no local business will be exempt to any local taxes (except the franchise tax).  However, most of onshore countries have taxation laws that makes offshore companies having onshore  citizens as directors of offshore companies entitled tax resident. This is why you would need our use of nominee directors and shareholders.

A minimum of one shareholder is needed in setting up a Panamanian company, these names will appear in public records. This director will appoint a president, secretary and a treasurer. (director can have all these positions too).

Companypanama.com offers help to incorporate panama offshore company at a fee. We also help with providing directors and help create bank accounts offshore.