Panama Corporation Facts #2

Knowing Panama Corporation facts will help you make the smartest decision for your organization. Many individuals and organizations learn that Panama is an excellent place to establish their offshore corporations.

Panama Corporation Facts about Saving Money

Every business wants to find safe ways to save money. Incorporating in Panama is one of the best ways to reduce the amount of money that your organization spends on taxes. Instead of charging your company taxes based on how much money you make, Panama only insists on a flat fee. That means your business isn’t penalized for doing well.

Panama Corporation Facts about Privacy

Panama’s legal system ensures that individuals and corporations have as much privacy as possible. When you form an offshore corporation in Panama, no one has the ability to investigate your bank accounts or holdings. Even Panama’s government can’t access this information without permission. Even then, permission is only granted by courts when there is evidence suggesting that someone is using an account for illegal activities.

Panama Corporation Facts about Panama’s Stability

When forming an offshore corporation, you obviously want to choose a country that will let you conduct business without interference and asks you to pay as little as possible. There are, however, other things to consider.

Panama’s stability is one reason that so many organizations continue to incorporate there. Unlike many countries in Latin America, Panama is not at risk of political upheavals. That’s large because Panama’s legal system and economy are based on American systems. In fact, the U.S. Dollar flows through Panama’s economy right alongside the country’s national currency.