Incorporation of Offshore Companies
Jurisdiction: Panama
Panama corporations can be used for many types of transactions which are not limited to the specific purposes of the articles of incorporation. Concerning shareholdings, in Panama there are no restrictions, therefore a corporation may issue shares to the bearer or in registered form. Furthermore, the issuance of shares is not a matter of public records.
Regarding taxation, any Panamanian corporation arising profits from activities outside of Panama, offshore dividends or funds is not subjected to taxation by Panamanian law. Panamanian corporations, which function exclusively abroad, are not subject to the payment of any income or other taxes in Panama. There are no requirements to file any report or tax returns with the Panamanian government regarding any offshore activities.
Other Jurisdictions: