The Law 32 of 1927 which regulates the Panama Offshore Companies offers a very special treatment and unique prerogatives, which make them favorable not only to Panamanians but also for foreigners that need a juridical figure to execute their overseas commercial and business activities.
Our Panamanian Companies can be used worldwide as long as their commercial activities are in accordance to the Law and good customs.
Offshore Companies, also known as International Business Companies (offshore IBC), have many beneficial characteristics, such as:
The registration process can be done without the physical presence of the interested parties.
The confidentiality and anonymity of the shareholders of the company.
Tax exemption for overseas activities.
Low cost expenses of incorporation.
Low maintenance costs.
Owner of any kind of Assets or Properties
A Panamanian Offshore Company can be the titleholder of assets all over the world, such as: bonds/stocks, values, shares from other companies, real estate, aircrafts, yachts and vessels, aircrafts, and more.
If a Panamanian Offshore Company is the owner of any overseas assets, all these properties will have special protection because they are considered separate assets from the shareholders proprietorship in Panama.
A Panamanian Offshore Company can be the owner of vessels and yachts, even if they are not registered in the Panamanian Marine Mercantile and they can be in any other country in the world. Another advantage is that all the incomes from their foreign activities are tax exempt.
Is a corporation that owns a majority or a group of other companies. It is a company that does not produce services for itself, because they are composed from shares of their owned companies.
A Panamanian Offshore Company can be used as a holding of other Panamanian Companies or other foreigner companies from any country in the world and even from other different juridical figures.
This type of corporations reduces the owner’s risks and guarantees the control of those companies.
It is very useful to organize a group of business assets. They offer financial and tax advantages, because all the dividends are distributed directly to the holding, therefore reducing the taxes that have to be paid from the shareholders.
They also help extending the business activities from the affiliate companies, reducing costs and canalizing the resources that need to be invested in these companies.
Offshore Companies are used to protect family related, personal or commercial proprietorship because of their high level of privacy and anonymity that they provide.
Billing & Re-Billing
Panamanian Corporations are commonly used for billing and re-billing activities, for real estate, assets and foreign merchandise from an office located in Panama and also for commercial and business operated overseas.
This is a very good strategy for those who need to reduce their taxes from their commercial activities or business operated in their country. We also have the Principle of Tributary Territoriality which indicates that financial activities made outside Panama (those which do not include activities in Panama) will be tax exempt, regardless of whether or not the Panamanian Company is involved in these commercial activities.
Bank Account Management
Panamanian Offshore Corporation allows you to open a commercial or merchant bank account in Panama and every country in the World, but for this last matter all the documents of the corporation must be apostilled or legalized by the Consulate of the country where you will be opening the bank account.
Owners of Commercial License, Trademark and Patents
Panama Offshore Corporations (IBC) formed specifically for the purpose of holding intangible assets such as patents, copyrights, and trademarks, are very efficient when transferring valuables from owner to owner. Rather than having to sell patents or trademark rights, for example, buyers merely acquire the share of the existing corporation and all the assets it holds.