INCORPORATING A PANAMANIAN CORPORATION TO OWN THE PROPERTY

Panamahotproperties.com processes its clients when it’s about incorporating a Panamanian IBC or International Business Corporation. Our legal staff and Panamanian jurisdiction provides foreign investors with the most flexible and advantageous incorporation laws with benefits such as; confidentiality, anonymity and fiscal exemption. Corporations established in the Republic of Panama serve as an effective tools in the achievement of financial objectives ranging from international business and banking, to asset protection.

The process of incorporation, according to Panamanian Corporate Law of 1927, requires two or more persons of any nationality, executing the articles of incorporation before a Panamanian Public Notary.  These articles may be written in any language other than Spanish; if so, they must be complemented by an official interpreter’s translation. After the protocolization of the articles by the notary, registering them in the Public Registry of Panama will provide the status of a legal entity. The protocolization of the articles requires 1 working day to accomplish; the registration of the entity in the Public Registry may take 2 or 3 working days.

Why choose a Panamanian Corporation?

  • Strong Corporate Law. Panamanian Corporate law is ample and flexible, and hasn’t suffered substantial modifications since its creation in the 1920’s. This is why Panama is home for more than 400,000 entities!

  • Confidential Ownership. Shares can be nominative or issued to the bearer (for the purpose of anonymity), with or without par value. Neither directors nor Officers are required to be shareholders.

  • No paid-in capital. Panamanian Law does not require the amount of the Authorized Capital to be paid-in.

  • Tax Friendly Jurisdiction. Non-resident corporations are not required to file tax reports, since Panama’s fiscal system is based on the principle of Territoriality, therefore foreign income is not taxed. Additionally, there is no income tax, capital gains tax, interest tax, sales tax nor any of the burdensome taxes paid in other jurisdictions.

  • No restriction on nationality of Directors. The totality of the Directors can be foreigners.

  • No Reporting Required. There are no requirements concerning either accounting books or transaction records of any kind for non-resident corporations.

  • Corporate Books. Besides the Minute and Stock Register Books, which you can hold in any place in the world, there is no additional bookkeeping neither for you or the Registered Agent.

  • Convenient Directors or Shareholders Meetings. Directors or Shareholders can be held by proxy, either telephonically or any other electronic method, anywhere in the world.

  • Annual Government Tax. Panamanian corporations and foundations pay only an Annual Government Tax of $250.00 to the Ministry of Economy and Finance at the moment of incorporation.  This tax is $300.00 for the subsequent years.

  • Change of Domicile.  Corporations from abroad are being re-domiciled in Panama, taking advantage of the privacy offered by Panamanian Jurisdiction. Panamanian corporations can also be re-domiciled overseas.

  • No travel necessary. Your corporation will be set up by our staff members and sent directly to your home or office!