Panama Offshore Corporations | Main
Uses
Due to the many
advantages and
characteristics, Panama is one of the leading Jurisdictions for setting up
an Offshore Corporation. The Panama IBC (IBC = International Business
Corporation) is an International Operating Company accepted in the worldwide banking
and financial community as a proven
structure to carry on all kind of business interests.
Panama Offshore Corporations may participate in any legal
activity in Panama or the jurisdictions in which is desired to operate. This
would include as an example; consulting companies, shipping companies, offshore
manufacturing, online businesses, air transportation companies,
licensing and sublicensing companies, small business companies, family businesses and so on. Below, you
will find the some general usages of Panama Offshore Corporations.
Vessels and Ship Ownership
Panama has the major merchant marine in the world. A Panama Offshore Company can take title of ownership of a
vessel, in this case, the incomes and dividends generated by the vessel outside of Panama
will be exonerated from Panamanian taxes.
Hold
Real Property | Holding Company
A Panama Offshore Corporation can take title of ownership of
real state assets worldwide. Concealing part of
your wealth offshore will not only grant you financial privacy, it will
protect your assets against, potential litigants and any possible potential
business failure, insolvency or bankruptcy.
Leasing
A Panama Offshore Company can enter into leases for real
property interests and personal property, such as vehicles and equipment,
worldwide.
Act
as a Trading Company
As the amount of worldwide exporting and importing increases,
a Panama Offshore Corporation can play a part by performing the function of
trading company. The Panama Offshore Corporation can use a second
corporation as a fulfilment company to take orders from the customer and do
invoicing. Profits would then be captured offshore and can go directly to
an Offshore Bank Account.
Tax Planning
One important advantage gained by using a Panamanian Offshore
Corporation is its tax treatment, the Panamanian tax principle of
territoriality. Under this system only incomes or profits generated within
the geographic territory of Panama are subject to tax. Any profit obtained
from activities outside of Panama, such as transfers or acquisition of
securities, management of bank accounts and investments, the transfer or
sale of real property or chattels, and the dividends received from companies
operating abroad, will be exonerated from Panamanian taxes.
Privacy Tool | Asset
Protection
A Panama IBC can be used on behalf an Asset Protection
Trust
or Private Interest Foundation as a Privacy tool. It could indirectly
manage the Trust or Foundation assets.
