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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.