Corporations
What is a corporation?
The Panamanian corporation is a type of legal entity used to have the title to assets or business of any kind, ensuring the members privacy and security, since it offers anonymity to the owner of the property which is advantageous for taxation and many other things.
Corporations are used in Panama since 1927 under the Law No.32 of 26 February and are commonly used as the perfect tool to protect assets or businesses with whose holders are under an interest in social capital through bonds or shares. Actions can differentiate themselves by their different nominal value or different privileges linked to them, such as the perception of a minimum dividend.
Advantages
- Privacy and confidentiality
The Commercial Code of Panama, provides countless benefits for those who wish to start a corporation in our country. We are a company dedicated to provide legal and financial service and we guarantee that we are highly qualified in the subject and know to protect the customer information and ensure the handling of it and their corporation.
- Flexible management
Within the legal parameters you can decide which business activity your gonna do in your corporation.
- Can be made up of individuals and legal persons
There is no regulation on the management of the Corporation in respect of subjects can be formed both by natural and legal persons. Natural person are not necessary to be panamenian.
FAQ
- Corporations are an ideal way to invest in Panama?
Yes, it is ideal for making investments in Panama, it is easy to structure, all you require to manage your business is a business license to operate, and we can arrange this for you.
- Does a Corporation is useful at the time of opening bank accounts?
Through corporations is much easier to manage your bank account.
- Does having a panamanian corporation helps me when buying my property in Panama (farm houses, land and beach properties in general)?
When purchasing Personal and Real Estate property the corporation structure protects and facilitates acquisition and also giving them security because in case of bankruptcy of any member of the corporation such property shall not be impounded.
- It has any benefit when applying for loans and trade finance?
A corporation provides higher formality and is often requested when applying for commercial financing for commercial accounts and currents.
- It helps to reduce taxes and tax expenditures?
Corporations are a valuable tool when cutting taxes and tax expense as if the Corporation does not record transactions in the Republic of Panama is exempt from tax in Panama.
- It is necessary to have physical presence in Panama for a Corporation?
At the time of incorporating your business: Is necessary to maintain a physical address that we as resident agents can provide.
