Panama Offshore Corporations

Advantages

15 Advantages of a Panama Offshore Company

The process of forming a Panama offshore corporation is a relatively straightforward, simple and cost-effective course of action, and the results can be extremely beneficial for your company.

The most common form of an offshore corporation is known as an International Business Company (IBC), and the Corporation Law of Panama was drafted with special characteristics to streamline the registration, operation and management of these organizations for both nationals and foreigners. This has made Panama a thriving business hub that provides an ideal environment for a variety of investment vehicles.

The benefits of a Panama IBC, though, go beyond the ease of setup and management. The list below outlines many of the advantages of forming a Panama offshore company.

No Currency Restrictions.
The U.S. dollar is standard in Panama but there are no currency restrictions.
Personal Presence is not Required.
No Requirements to File Reports.
Tax Advantages.
No Need to Deposit or pay Registered Capital.
No Nationality Restrictions.
Low Incorporation Costs.
Accounting Flexibility.
Commercial License not required for offshore activities.
Fast Incorporation Time Frame.
The shareholders identities are private.
Share certificate security.
Low maintenance costs.
Meetings flexibility.
Privacy.