Everything You Need to Know About Company Incorporation in Panama.
Anyone who wants to start a business outside his or her home country should be looking at Panama because the jurisdiction favors foreigners who want to conduct business there. 4 million of which many of the people are in the urban areas. Also, the official language is Spanish but many people in the urban areas speak fluent English. This means that as long as you can speak fluent Spanish or English you will have the best time conducting business in this country. The jurisdiction governing the domestic and offshore companies is all the same. This is good news for foreigners who want to start companies in Panama because they will have it as easy as the Panama citizens who have started businesses in their country. To make it even better, you only pay tax for the income you have got in Panama. You will be surprised to note that corporations are usually registered and allowed to start operating in less than 2 days. There aren’t many countries around the world where you can be assured of this.
You will need to have at three directors taking the position of a president, secretary and also treasurer. The corporation will need at least two shareholders but you will be requested for just a single name before the registration process. You can choose the shareholders from the list of directors you have and there is no law that saws a Panama citizen has to be given an executive position. To make sure there is privacy and confidentiality in the firms, the incorporation will only submit the names of the directors for the public records. The names of the other shareholders will be kept private. Taxation laws state that any Panama corporation which made … Read More..Read More →