|Jurisdiction||Terms of registration of the new company||Registration of a company with nominal service||Annual support of the company with nominal service (from year 2)||Issuance of apostilled power of attorney (from year 2)|
|Panama (SA, CORP, INC)|
Terms of registration of the new company3-4 weeks
Registration of a company with nominal service2 600$
Annual support of the company with nominal service (from year 2)2 200$
Issuance of apostilled power of attorney (from year 2)550$
The Republic of Panama is a transcontinental state, which, due to its location between Central and South America, has deservedly received the title of "world sea state". The country is well-known for its stunning azure coast, tropical reserves and a favorable climate for both leisure and business.
Panama's economy is focused on international transit and port services, with one of the country's achievements being the fact that Panama is at the forefront of the world in terms of marine tonnage. Moreover, the jurisdiction has an extensive banking system, without having a central bank of issue and its own ability to print paper money.
It is safe to say that the country is open to new opportunities and business ideas, and the Panamanian government provides all the conditions for registering a company in Panama. This process will be easy and affordable.
Companies are regulated by the Corporation Law of Panama (Law 32 of February 26, 1927), according to which Panamanian firms (offshores) can conduct business all over the world.
When opening a company in Panama, you need to take into account that the names of companies must end with Corporation (Corp), Incorporated (Inc), Societe Anonyme (S.A.).
Panama, as a jurisdiction aimed at attracting investments, adheres to the territorial principle of taxation. So that, only those companies that receive income in the territory of the jurisdiction or do business with residents are taxed. If a Panamanian offshore company receives income from outside the country, they are exempt from taxation. Because of this, you can register an offshore company in Panama and do not think about taxes.
The jurisdiction has valid double taxation treaties with Barbados, Belgium, Italy, Mexico and others, but a similar agreement has not been concluded with Ukraine. Also, the country has signed a number of international agreements on the exchange of information with 28 countries. If you are going to buy offshore, Panama is the perfect place to make your dream come true!
The European Union and Ukraine classify Panama as offshore zones of the world, so the jurisdiction is often included in the "black lists".
If you are planning to open a company or register a company in Panama, please contact our lawyers for advice:
+38 (098) 737-88-88
We will help you to buy offshore companies in Panama or any other jurisdiction on the most favorable terms.