Offshore Corporation Facts:

* Being The Second Most Well known Jurisdiction in the World: Panama is the documented domicile for more than 400,000 corporations and foundations, making it the second most popular jurisdiction to incorporate in the world, following to Hong Kong.
* No Reporting Prerequisites or Taxes: Panama does not levy any reporting requirement or taxes for non-resident Panamanian corporations.
* No Penetrating the Corporate Veil: Panama does not allow corporate scrutiny, so your Offshore Companies books are maintained 100% secluded and classified by law.
* Anonymous Ownership: Panama corporations share securities can be released in Nominative or Bearer form (Bearer Share are an anonymous form of ownership), with or without par value. Neither the directors nor the officers of Panama business organizations need to be stockowners.
* No Capital Requirements: Panama corporations do not command Paid-In Capital, nor is there a time limit in which accredited capital must be paid in full.
* Managers: All Panama corporation calls for 3 directors/officers (President, Secretary and Treasurer). The directors/officers can be either individuals or entities. Panama Corporation’s directors, officers and shareholders may be of any nationality and citizen of any country. The manager’s names and identities must be presented in the public registry when the organization is created.
* Nominee Managers: We propose to our guests the optional function of utilising our Nominee Directors for their corporation(s). For intentions of privacy, most of the customers prefer that I provide candidate managers/officers for their corporations. When I choose candidate managers for the entities that I establish for my customers, I always supply my clients with pre-signed, undated letters of resignation from the directors so that my customer can replace those directors at any time.
* Managers or Shareholders MeetingConvention: Annual general assembly of either shareowner or managers of the corporation are not mandated or prerequisite. Nevertheless, if assemblies are made, they can take place anyplace in the world by representation, through phone, e-mail or other forms of communication. Any resolutions passed are legal disregarding of whether they are noted on distinct appointments or in dissimilar jurisdictions.