Panama offshore company

The Republic of Panama is situated between Costa Rica in Central America and Columbia in South America with coastlines on both the Pacific and Atlantic Oceans. Its capital, Panama City, is on the Pacific coast at the entrance of the Panama Canal. Panama was a Spanish colony until 1821. In 1903, Panama broke an alliance with Colombia and became an independent republic. The population of Panama is approximately 2.4 million, of which 700,000 live in Panama City.

Here are the main characteristics of the country :

• High level of anonymity and privacy
• No accounting / reporting requirements
• No taxes of any sort
• Modern offshore legislation
• Panama is an independent territory
• Panama has a fast and efficient Registry
• Business can be conducted internationally
• Stable jurisdiction with very good reputation
• Good communication means
• Convenient world time zone : GMT-5
• Low IBC incorporation and renewal fees set for life
• No paid up capital requirement
• Under Civil Law
• Minimum of 3 Directors and 1 Shareholder
• Bearer Shares permitted
• Fees € 890.- to incorporate and € 690.- per year. Detailed Fees