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Panamanian Asset Protection Corporations Are Attracting Investors From Allover The World

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If you truly feel that money makes the mare go, then come to Panama. This is a land where financial opportunities are aplenty. And with the establishment of numerous Asset Protection Corporations here, Panama is the newest destination for your offshore banking and investment needs.

Panama, with as many as 400000 registered Corporations, presents ample opportunities for offshore banking and asset protection. Created 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, no taxes are imposed on the Offshore Asset Protection Companies launched in Panama (excepting the small fixed annual fees) and promises absolute privacy to investors. Forming an Asset Protection Corporation in Panama is not a lengthy process – the incorporation takes no more than 8 working days. You require neither a business license nor any Paid-In Capital to start the Panama Offshore Company. Going about the work here is as hassle-free as can be.

Hold accounts in Panamanian banks or get involved in businesses on an international scale by investing in Panama’s Asset Protection Corporations. The following information will help you form and operate your Panama Offshore Asset Protection Company:

Want To Know More About Incorporation

The Incorporation formalities herein will prove smooth and devoid any red-tapism. 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 appears as the legal address of the Panama Non-resident Corporation).

Capital Considerations

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 limit in which the authorized capital has to be fully paid. 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.

How To properly structure 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 said, 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.

What Are The 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.

Keeping The 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 categorization of the names, addresses and dates of acquisition of all the actual shareholders.

And What About Business License Requirement?

You do not need a commercial business license to set up a Panama Asset Protection Corporation or even to function business on a global scale.

For our fees to establish an offshore Panama Corporation, please see the link below, or contact us for more information.