Foreign Affiliates in Panama
Panama offers the investor world an environment with laws that favor trade, with tax incentives and commercial confidentiality.
So, if you are thinking of expanding new horizons, establishing an Off-Shore company could be a great option.
Panama has experienced a continuous boom in recent decades, from foreign investors brought in by favorable tax laws for business as well as a favorable and strategic geographic location.
An Off-Shore company in Panama is none other than that company that carries out its administrative and management operations within Panamanian territory, but its economic income is generated by subsidiaries located abroad.
What is often sought with this is to reduce the tax burden and benefit from a tax system that allows them to receive income from other countries without having to pay taxes; in addition a total confidentiality on business transactions, in other words, your financial objectives do not have to be published in the company’s articles of association.
If you are interested in knowing more or need procedures and advice regarding the Off-Shore, do not hesitate to contact us at ba-lawfirm.com or through our email consultas@ba-lawfirm.com.
In a future installment we will be talking a little more about the requirements to create an Off-Shore in Panama, as well as its waiting times.
