12 benefits of Panama corporation | Panama IBC’s benefits

List of Panama offshore company benefits when you incorporate in Panama

1. Panama has a territorial tax system which means that income is only taxed if it derives from Panama therefore no tax is payable when income is obtained from a source outside Panama.
2. The incorporation process is quick and the ongoing maintenance costs are minimal.
3. Minimal reporting requirements, no audit is necessary.
4. Corporate assets or capital of a Panama company can be kept outside Panama.
5. There are no residency requirements or restrictions with regards to Owners, Directors or Shareholders.
6. Shareholders and Directors meetings may be held and the Directors may attend personally or by proxy.
7. No restrictions on shares. Shares may be held in registered or bearer form.
8. No paid up capital requirement.
9. No inheritance tax.
10. No currency exchange controls.
11. Legal protection provided for confidentiality of business and banking transactions.
12. Excellent infrastructure and communications.

Read more

• Why incorporate in Panama
• Panama offshore company