Dear Valued Clients,

Our company has undergone a consolidation with OCH Ltd. (www.offshore-companies.co.uk).

We will continue to serve you with the usual high standard, and same competitive prices.

Panama Company

Panama is strategically located in the Americas, dividing Central and South America, with the Pacific on its south coast and the Caribbean Sea forming the north coast. The international investment community has access to its financial service providers for their non-resident company formation.

The legislation which is among the oldest in existence provides the laws which facilitate Global Trade and Commerce, using an Offshore Corporation incorporated in this stable Tax Haven.

Panama Company Formation — Jurisdiction Stability

While Panama has suffered from political instability over its recent history, its offshore legislation has survived in excess of 75 years. With the democracy created from 1989, and the disbanding of the military, Panama can offer in addition to its strong legislation, a future of economic and political stability.

Panama Company Law Integrity

Panama law and regulations prohibit its Republic from being used for drug trafficking and Drug Money Laundering. The integrity of the financial services sector is to be maintained so as to continue to enjoy the economic benefits derived from its success.

Panama Company Privacy

Legislation has the flexibility which provides for the privacy of the ownership of its non-resident corporations:

  • Documents filed with the Mercantile Registry include the Articles of Incorporation and By-laws containing the names of the directors and initial subscribers. These documents are part of the public record. However, the customary practice, and acceptable under the law, is to use local Nominee Services for the subscribers and directors of the corporation.
  • Panama Registered Non-resident Corporations are not required to file or to keep books and records (accounts). If books and other records are kept for the convenience of the shareholders or directors, they may be kept anywhere in the world.
  • Local Nominee Services for shareholders and directors is acceptable. The law requires a minimum of three directors and it is common for us to provide Nominee Services on your behalf at no extra cost. A Power of Attorney will be given to the Beneficial Owner.
  • Bearer Shares may be issued.
  • While a Stock Register has to be kept and up to date, the names of the holders of Bearer Certificates do not appear in the register. The Stock Register may be held anywhere in the world at the discretion of the directors.

Panama Companies Competitiveness and Flexibility

Despite undue influence exerted by some developed countries for changes in offshore legislation, Panama because of its historical background and independence, feels less pressured to change laws which are considered against their best interest.

  • Panama corporations enjoy 100% tax exemption on all its offshore activities.
  • Shares may be issued as Par-value or No-par value. Voting or non-voting, and in many other categories and classes.
  • Bearer Shares are available.
  • Panama corporations do not require paid in capital.
  • Authorized capital can be in any amount. (The standard is US$10,000.00 Authorized Share Capital).
  • There is no time limit in which Authorized Share Capital has to be fully paid.
  • There are no reporting requirements.
  • No annual accounts or records are required to be filed.
  • Panama corporations are not required to appoint auditors.

Panama Corporation Requirements:

  • Panama offshore companies require a local registered agent, who must be a practicing lawyer or law firm, a trust company or a professional management services firm.
  • Three directors and three officers are required. The following officers shall be appointed: President, Secretary and Treasurer. A director can hold an Officer’s position. Any officer can hold more than one position with the exception that the President and the Secretary must be two separate persons.
  • A Stock Register with the names of Nominal Shareholders and the Certificate numbers of Bearer Shares must be maintained by directors anywhere in the world.
  • The name of the corporation (in any language), must end with a word, phrase, or abbreviation of a word or phrase which indicates a Corporation as distinct from a person or Association. E.g. “S.A.”, Sociedad Anonima“, “Corp.”, “Corporation”. A Panama corporation cannot use “Ltd.” Or “Limited”.

Panamanian Offshore Company Activities:

  • Panamanian Corporations can bank anywhere in the world including Panama with no restrictions.
  • Panamanian companies can be involved in any legitimate activity with the exception of the deriving income inside Panama.

Panama — Country Profile

Panama is situated between Costa Rica and Columbia, with the Caribbean sea forming its North coast and the North Pacific ocean, its South coast. This relatively narrow strip of land connects Central America and South America.

Originally a Spanish, then a Columbian possession, Panama seceded from Columbia in 1903 and immediately signed a treaty with the United States for the construction of the Panama Canal.

While the Canal, built by the US Army Corps of Engineers, between 1904 and 1914 was under US Sovereignty, it served both the US and Panama well. The United States gained easy shipping access between its East and West Coast, while Panama and Panamanians gained employment from and provided services to the US Army, based in the Canal Zone through its construction and eventual administration.

By agreement, the complete transfer of the Canal and the Canal Zone reverted to Panama at the end of 1999.

Today, Panama, with a land mass of approximately 76,000 square kilometers, has a population of some three million persons. The ethnic diversity includes Mestizo — 70%; West Indian — 14%; European — 10% and Amerindian — 6%.

The climate is tropical Maritime, which means it is basically hot, humid and cloudy.

The official language of Panama is Spanish and the nationality of its people is Panamanian. The country name is The Republic of Panama and the capital is Panama City.

Panama is a constitutional democracy with the Chief of State and Head of Government being the President.

The President and two Vice Presidents are elected on the same ticket every five years, through national elections.

The Republic of Panama is governed by three branches of government, the Executive, the Legislative and the Judicial.

Executive power is held by the President and his/her Cabinet.

The legislative branch is elected from the nine provinces and the territory of San Blas. The provinces are divided into electoral districts from which the various political parties contest their seats in parliament. Legislators are elected for five year terms.

Judicial power is vested in a Supreme Court, tribunals and other courts, as established by law. The Supreme Court Justices are named by a council composed of the President, Vice Presidents and Ministers of State.

The infrastructure of the Republic is fairly well developed, with railroads being expanded to connect the major sectors of the country and the numerous ports. Between the railroad links and the major highways, containerized inland cargo will compete with canal cargo as a transshipment alternative.

Major shipping lines utilize the Panama Canal, which links the Pacific with the Atlantic, through the Caribbean Sea. This has placed Panama as an important country for international transshipment and Free Trade Zones. Air service is also available through the international airports, providing direct access for passengers and cargo to the major destinations in North, Central and South America.

While the telecommunications infrastructure requires further expansion, land based telephones, cellular service and internet services are available to the major commercial centers via a digital fiber optic link.

Electricity is supplied at 120 volts, 60 cycles. Projects are ongoing to expand generation through private sector participation.

Panama’s economy is based primarily on a well developed services sector, which accounts for 80% of GDP. The operation of the Panama Canal, the Colon Free Zone, banking, insurance and transshipment ports are the major activities in this sector and includes tourism.

Other sectors of the economy which have a positive impact include agriculture and fisheries and provide employment for 20% of the economically active population.

Forestry and mining also play lesser but yet important roles in the nation’s economy.

Financial services, particularly the banking sector, play a pivotal role in making Panama a financial centre for Latin America. As a safe Tax Haven for international non-resident corporations, Panama has incorporated in excess of 500,000 offshore companies. With the General Corporations Law providing many advantages for offshore company incorporation, Panama expects to remain in the forefront in attracting these companies.

All Inclusive Packages from £860 or $1490!