Why Panama?
There are different corporate jurisdictions around the world but this one has certain characteristics that can’t be overlooked. Registering a company in Panama gives you access to a stable financial environment, a reputable jurisdiction, and a trade hub. Besides, its strategic location makes it the ideal option for businessmen around the world: Panama is easily accessible from Latin America, the United States, and Europe.
Corporate in Panama Advantages
Pro-business environment
As the home of the Panama Canal, Panama’s history is strongly tied to business development. This country has had many pro-business governments that boosted the economy and provided solid financial frameworks. Thus, Panama company formation has become accessible and profitable.
Territorial taxes
Panama company registration becomes more attractive when you consider the tax advantages it brings. Our favorite one is that the country has a territorial taxation regime. In simple words, this means that companies are not taxable for the income generated abroad. This makes Panama the perfect soil for international companies to grow. Many of them establish their operational centers here to reduce the tax burden.
Dollar-based economy
The local currency is the Balboa which has a 1:1 exchange rate with the US dollar. Actually, the Balboa is only issued in coins and the USD is the legal tender being used for transactions in everyday life. International companies should not overlook this fact as it simplifies international transactions. You won’t have to pay exchange rates nor be subject to exchange restrictions.
Solid banking
When it comes to banking, Panama is the best sector in the region. It works under the principles of Basel and has over 90 institutions including foreign banks. Since it doesn’t have a central bank, the sector is regulated by the National Banking Commission, which recorded profits of 1.8 billion dollars in 2017. The commission is responsible for the fast growth of the industry which was supported by excellent services and state-of-the-art technology. Needless to say that online banking is top-notch which makes it really easy to manage accounts from abroad. Account-holders can transfer, check their balances, and invest even if they are not in Panama at that moment.
Flexibility and straightforwardness
Setting up a company in Panama brings many advantages, and simplicity is one of them. Its flexible corporate legislation makes it ideal for offshore companies. For instance, there are no restrictions regarding the share capital, and paid-up capital is not mandatory. These structures allow for all kinds of shares: voting, non-voting, and per-value shares. In line with this, the company’s key players can live in any country and have any nationality. This applies to shareholders, directors, and officers.
“We make the wealthy free and the free wealthy.”
The Mundo Portal is rapidly growing as one of the world’s top multi family office portals, providing access to over 100 experts in 40 jurisdictions to structure unique bespoke family office solutions. Our family office law firm, Mundo Law, is dedicated to serving the group’s clients. We were founded by NTL Wealth, which is a provider of CBI and trusts services worldwide. The Mundo portal acts as club, giving you access to unique investment, structuring, tax residency, and CBI opportunities in multiple jurisdictions, with discounts and promotions for club members.
HOW ARE THE BUSINESS OPERATIONS IN PANAMA?
- Actual business address can be located anywhere in the world.
- Meetings of Directors may be held anywhere in the world; minute books
can be kept anywhere. - No need to file annual returns or other reports from shareholders or
directors
Why us?
Setting up a company in Panama with Mundo
Our experts have wide experience in Panama company formation. We have an office in Panama that has been settled there for over 5 years. This means that we have lawyers and financial advisors that live and work in the country. This gives Mundo an advantage as we can provide comprehensive services with deep knowledge of the environment, regulations, and the country. Contact us now for more information on Panama company registration.
We do provide full support after company opening with whatever you need like accounting, nominal director, any legal issues
STRUCTURE OF PANAMA CORPORATION
A minimum of one shareholder is required. Residents of any country, individuals and legal entities may own shares.
Panama companies require a minimum of three directors and three officers (officers may act as directors of the company), who are typically appointed as President, Secretary and Treasurer respectively. These persons may be individuals or legal/corporate entities from anywhere in the world. It is traditional however to use Panamanian nominees, since the Company’s Officers are listed in public records and accessible on the Registry’s website. These nominees then issue a Power of Attorney and Deed of Trust to the beneficial owner.