Panama Corporation - Offshore Company Incorporation

Panama Corporation as Offshore Company

Any person or company can own an offshore business corporation in Panama, regardless of nationality or domicile. The beneficial owner must not be registered with any government authorities, and nominee directors can be appointed who would act as managers for your offshore corporation. There will be no need to come personally to Panama in order to form an offshore company.

Panama corporation offers many advantages in comparison with other jurisdiction in terms of:

• the Panama Corporation Law;
• independency of the Republic of Panama,
• strictest secrecy and confidentiality laws,
• impossibility of peircing the corporate veil,

• full control by Shareholders over the company matters.

• Requirements to register Panamanian Corporation

• Internet order form for Panamanian Corporation
• Panama Company for US or EU Citizen
• More on Panama Company
• Steps to Establishing an Offshore Company in Panama
• Internet order form for Panamanian Corporation

Panama Company for US or EU Citizen

Panama company can be especially useful vehicle for US citizens wishing to achieve:

• great deal of legal tax savings, and not tax evasion,
• confidentiality by doing business,
• legal tax postponement until the expatriation or change of residence,
• investment opportunities not directly available to US based entities or persons,
• protection against creditors,
• protection against all kinds of law suits,
• powerfull offshore asset protection.

Such strategies, explained on our pages, are part of our Thetaworld™ Knowledge. We do not recommend US citizens to incorporate offshore while doing tax evasion. The offshore structure can be used in legal way, while disclosing all the details of the structure to the IRS or your local tax office. We do not want to let anyone remain open to an attack by the government, state or IRS or other tax office. Even if one's name is not disclosed in the public registry, that fact will weaken one's defense. by employing legal structure, disclosable and reportable structure, an US citizen will have nothing to hide and will have his assets fully protected, with high interest rates and with great deal of tax deferral, confidentiality, legal tax savings and asset protection.

Panama company can be of great advantage for EU citizens as well wishing to achieve legal tax savings and deferment of income tax at the country of residence. Such offshore structure is customized to the beneficiary, depending of his country of residence and his current tax and financial status.

There is no general rule for anyone on how to structure business affairs in order to have them completely legal.

The real advantage lies in the power and ability to control the business and having economic income without having taxable income, similarly to politicians with power without ownership which control other people's assets.

More on Panama Company

The Panama offshore company doesn't need to pay any taxes on businesses made outside of Panama and can own in corporation's name any assets, shares, real estate or private property. The name of Panamanian corporation can be followed by Corporation, Corp., Inc., S.A. (Anonymous Society), AG, Aktiengesellschaft, A/S, Akseselskap aanguage. Basically the suffix can be in any language indicating that type of the company is a corporation.

Read more why is Panama the preferred offshore jurisdiction...

Steps to Establishing an Offshore Company in Panama

Panama has one of the most modern and flexible corporate laws in Latin America and world. In order to form a corporation in Panama, the client must furnish the following information:

• The name of the corporation. It may be in any language, but it must terminate in a word or abbreviation indicating that it is a corporation.
• The objectives and purposes of the corporation.
• The amount of the authorized capital. Usually the authorized capital will consist of US$10,000 divided into 100 shares of US$100 each. Shares may be nominative or bearer shares.
• Duration of the corporation, usually perpetual.
• The full names and addresses of three or more directors and/or officers.
• The domicile of the corporation.

The time period usually involved in setting up a corporation is from 5 days to 7 days. The corporation is setup by our Operational Officer Mr. Carlos Richards, Panamanian attorney.

The fee for establishment of the corporationg including 3 nominee directors and translation of all documents into English is US $1500 with the annual maintenance fee of US $900.

Requirements for Panamanian Corporation

To incorporate online the Panamanian Corporation, please complete all bold fields in the below online form and provide any other additional informations. Alternatively, you can use the PDF Online Order Form for Panamanian Corporation for fax or written orders. Your Panamanian Corporation will be formed within 3 business days and afterwards delivered within 4 business days. In average, you will receive the company documents within 7 business days.

Basic requirements and facts for our registration of Panamanian Corporation are following:

• Panamanian Corporation must have one of the following suffixes: S.A., INC., CORP., CORPORATION, INCORPORATED, AG and ANY SUFFIX IN OTHER LANGUAGES representing corporation;
• The duration of the Panamanian Corporation is perpetual;
• The minimal number of directors is (3);
• Directors can be other legal entities;
• We include for confidentiality purpose and whenever required the Power of Attorney;
• The minimal number of officers is (3);
• Officers can be other legal entities;
• The standard number of authorized shares is 500;
• We register Panamanian Corporation with each share having value of USD 20;
• The standard currency for shares of Panamanian Corporation is USD;
• The Panamanian Corporation will be formed with Comon type of stock;
• Non par value shares can be issued optionally;
• The standard total capital or contribution at incorporation time is USD 10000;
• Shares can be issued to bearer for confidentiality;
• There is no requirement to have any shareholder of Panamanian Corporation;
• Auditor appointment for Panamanian Corporation is not required;
• Resident agent for Panamanian Corporation is required and provided by our company;
• We need to keep confidential details of the ordering party, name, contact details, scan/copy of the ID or passport and some utility bill or other evidence of residency (Know Your Clients or KYC)
• The documents of Panamanian Corporation are delivered within 4 days after the formation;
• We incorporate Panamanian Corporation within (3) days, the total time to get the documents at client's place being about (7) days;

Online Order Form for Panamanian Corporation

Please complete all bold and required fields. Alternatively, you can use the PDF Online Order Form for Panamanian Corporation for fax or written orders.

Online Order Form for Panamanian Corporation

Panamanian Corporation must have one of the following suffixes: S.A., INC., CORP., CORPORATION, INCORPORATED, AG and ANY SUFFIX IN OTHER LANGUAGES representing corporation. Please enter 3 proposed names containing one of those suffixes. We will register the first available Corporation name in Panamanian.

Proposed Panamanian Corporation name (1):

Proposed Panamanian Corporation name (2):

Proposed Panamanian Corporation name (3):

For confidential business, the Power of Attorney will be issued in the name of the owner or executive managing the Panamanian Corporation.

Name of individual for Power of Attorney:

We provide by default nominee officers for Panamanian Corporation. If you need to appoint your own officers, please provide details as additional instruction.

Total number of authorized shares:

In that case each share can be assigned different value, thus increasing the capital by will.

Do you wish all shares without par value? YESNO

The total capital stated at formation time is USD 10000. The initial capital amount can usually be counted as fully paid on, depending of the Panamanian law. The Panamanian Corporation will be registered with default total capital of USD 10000 and each share having value of USD 20.

If you change the stated capital that might affect our service fee.

Stated initial capital:

Shares will be issued to bearer, the company ownership will not be registered in books of the Panamanian Corporation. If you require to register the shares in the name of owners, provide additional instructions.

We do not need to know who are shareholders.

Do you need accounting services by our company (special fees apply) YESNO

Method of payment? Credit CardPaypalWire transferWestern UnionMoneyGramE-goldE-bullionCheckACH bank transfer within USPersonal payment in PanamaBACS transfer (UK)

DETAILS OF INDIVIDUAL SUBMITTING THIS FORM

Physical addressADDRESS: ADDRESS: CITY: ZIP: STATE: COUNTRY:

Client's e-mail

Client's phone numbers

Client's fax numbers

Client's website

How did you find us? Or who referred you to our company?

We need to keep confidential details of the ordering party, name, contact details, scan/copy of the ID or passport and some utility bill or other evidence of residency (Know Your Clients or KYC). You will be asked for those documents after the payment.

Include the correspondence address only if different than residence address.

Client's postal address (for correspondence)ADDRESS: ADDRESS: CITY: ZIP: STATE: COUNTRY:

Describe your intended activities. This is required for our file, however, the legal entity is usually allowed any common business activity.

Principal intended activity of the Panamanian Corporation to be formed

Who shall we contact in case you are not available?NAME: ADDRESS: ADDRESS: CITY: ZIP: STATE: COUNTRY:

Additional Instructions

INDIVIDUAL GUARANTEE OF LEGALITY

I do hereby certify that the foregoing information is, to the best of my knowledge, true, correct, complete and without material omissions; and I accept full personal responsibility for any failure. I further certify that the Panamanian Corporation hereby requested and ordered will not be used for any illegal purposes, money laundering, terrorism or any other illegal activity as published by United Nations Office on Drugs and Crime (http://www.unodc.org/unodc/index.html) and that any assets placed into those entities will be derived solely from legal activities.

Only individual names are accepted.

Client's full legal name

Sign digitally with your full name. Your digital signature will be considered ligitimate for porpose of formation of Panamanian Corporation.

Digital signature

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Complete all bold fields

General subject of this inquiry? Various inquiry U.S. based company formation (Corporation) U.S. based company formation (LLC) Offshore company formation (Panama) Offshore Foundation in Panama Offshore bank formation Offshore company formation (Costa Rica) United Kingdom company formation VISA/MasterCard distribution Merchant account introduction Immigration, residency and new citizenships Asset protection Offshore and business consulting Thetaworld Internet services Offshore bank formation

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