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The Republic of Panama

Advantages of registration a company in the Republic of Panama:
  • There are no taxation for offshore companies. The company should pay an annual fixed fee only;
  • Fixed rate of tax on the import of raw materials, semi-finished products and capital assets involved in the production process;
  • There are no stringent requirements for accounting and financial reporting, as well as there are no requirements for the audit of the company;
  • No foreign exchange control;
  • It is not required to pay a share capital for offshore companies;
  • Time for registration of an offshore company takes from one week to 12 days;
  • Confidentiality of information about the business.

Basic forms of offshore business in the Republic of Panama

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