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Panama IBC’s benefits

Updated time: 09 Jan, 2019, 14:12 (UTC+08:00)

Panama IBC’s benefits

  • 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.
  • The incorporation process is quick and the ongoing maintenance costs are minimal.
  • Minimal reporting requirements, no audit is necessary.
  • Corporate assets or capital of a Panama company can be kept outside Panama.
  • There are no residency requirements or restrictions with regards to Owners, Directors or Shareholders.
  • Shareholders and Directors meetings may be held and the Directors may attend personally or by proxy.
  • No restrictions on shares. Shares may be held in registered or bearer form.
  • No paid up capital requirement.
  • No inheritance tax.
  • No currency exchange controls.
  • Legal protection provided for confidentiality of business and banking transactions.
  • Excellent infrastructure and communications.

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