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Panama Offshore Company

 

Panama Offshore Company | Aidelco Consulting | Offshore Company Formation

 Panama Offshore Company 

Panama Offshore Company | Aidelco Consulting | Offshore Company Formation

  • Panama Offshore Company | Aidelco Consulting | Offshore Company FormationPanama, officially the Republic of Panama, is the southernmost country of Central America and the whole of North America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean to the north and the Pacific Ocean to the south. The capital is Panama City.

    Revenue from canal tolls continues to represent a significant portion of Panama’s GDP. Panama has the second largest economy in Central America and it is also the fastest growing economy and the largest per capita consumer in Central America. In 2013, Panama ranked 5th among Latin American countries in terms of the Human Development Index, and 59th in the world. Since 2010, Panama remains as the second most competitive economy in Latin America according to the Global Competitiveness Index from the World Economic Forum.

    – Source Wikipedia -.

  • Panama Offshore Company | Aidelco Consulting | Offshore Company FormationAccording to the CIA World Factbook, as of 2012 Panama had an unemployment rate of 2.7%. A food surplus was registered in August 2008. On the Human Development Index Panama was ranked at number 58 (2012). In recent years, Panama’s economy has experienced an economic boom, with growth in real gross domestic product (GDP) averaging over 10.4% from 2006–2008. The Panamanian economy has been among the fastest growing and best managed in Latin America. Latin Business Chronicle had previously predicted that Panama would be the fastest growing economy in Latin America in the five-year period of 2010–14, matching Brazil’s 10% rate.

    The expansion project of the Panama Canal, combined with the conclusion of a free trade agreement with the United States, is expected to boost and extend economic expansion for some time.

    Panama’s economy, because of its key geographic location, is mainly based on a well developed service sector heavily weighted towards banking, commerce, tourism, and trading. The handover of the Canal and military installations by the United States has given rise to large construction projects.
    .-Source Wikipedia-

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Panama Offshore Company | Aidelco Consulting | Offshore Company Formation

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Panama Key Company Features
General
Non Resident S.A. (Sociedades Anonima)
Type of Law Spanish Civil law with some aspects of Common Law
in relation to corporate matters.
Requirement for registered office and address Must be maintained in Panama at the premises
of a registered agent.(we can assist in proposing).
Name restrictions Names of existing firms,or names similar enought to
cause confusion no only in Panama but also well
known companies internationally or names that imply
govornment patronage.
Language of name Any name, provided Latin script is used. For foreign
names, Registrar may request an official English
or Spanish translation to ensure compliance.
Allowable suffixes All companies of this type in Panama always end with
the term ”Corporation”.,”Incorporated”, ”Sociedad
Anónima” or the abbreviations Corp, Inc or SA.
They may not utilise the suffix Limited or Ltd.
Corporate Taxation Zero on non-Panamian derived income.
Corporate legislation environment The Panamian Supreme Court of Justice is the govorning
authority and companies are regulated under Corporate
Law 32, of 1927.
Language of legislation and official documentation English and certified Spanish translations.
Restrictions on Trading May not indulge in the businesses of banking, trusteeship,
trust administration,insurance,assurance,reinsurance,fund
management,investments,funds,collective investment
schemes or any other activity that would imply association
with the banking,finance,fiduciary or insurance businesses.
Names requiring authorisation. As above.
Confidentiality Beneficial ownership is not disclosed to authorities as long
as Nominee Officers are appointed (can be handled through
our office).
Stability Stable juristiction with solid reputation
Formation Time 5-6 days
Bearer Shares Bearer shares are not permitted
Timezone GMT -5
Share capital requirements
Official currency US$
Permitted currencies Any
Share capital requirement 1US$ Min
Directors
Minimum Directors 3
Requirement for local administrator or Director Optional
Location of meetings and General Assembly Anywhere
Shareholders
Minimum number of shareholder/s 1
Public records access requirements No
Company Secretary
Requirement Yes
Local or licensed requirement No
Statutory Accounts Requirements
Accounting/Reporting requirements Yes
Annual Tax returns No
Requirements for Audit No
Public Accesability of Accounts No
Incorporation Procedure and Documentation
A certified passport copy (or identity card), as well as proof of domicile (ie utility bill) dated less than three months.Note: It is possible to represent you with a confidential mandate.Click on the below link to be redirected.