Corporations in Panama
In 1927, the law that regulates public limited companies in Panama was created.
This law says that to set up a Corporation in Panama, two or more persons of legal age are required, who do not need to be Panamanians, nor do they need to be domiciled in Panama.
The Corporation must have a lawful purpose.
Corporations allow you to protect your assets, diversify your investments and globalize your business.
Advantages of a Corporation in Panama
- Only pay taxes for business activities carried out within Panama
- Directors and shareholders can reside in any country in the world, as well as have any nationality.
- Privacy is guaranteed by bank secrecy and corporate veil laws
- Corporations in Panama can issue bearer or registered shares Companies that were incorporated in other locations can be re-domiciled in Panama, in the same way, Corporations in Panama can be re-domiciled in another location.
If you are interested in establishing a Public Limited Company in Panama, at Ba-Lawfirm.com we want to help you, please contact us or write to consultas@ba-lawfirm.com
Written by Carla Borges.
