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OFFSHORE COMPANY - PANAMA LEGAL CENTER
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IS PANAMA A “TAX HAVEN” FOR FOREIGN INVESTORS? Set Up An O shore Company Today & Bene t From Panama Tax Exemption OFFSHORE COMPANY
What Is The Meaning Of O shore Company? O shore companies are considered corporations that is established aboard ( country domiciled outside client´s home country ) for bene ting from various reasons such as favorable tax laws, privacy & anonymity & asset protection. For example if you live in the USA and form a LLC in Delaware, you are bound by the corporate laws of United States of America and state of Delaware. There are federal laws that you have to abide as well as state laws that you need to comply. This means, your Delaware corporation must be in compliance and pay taxes to the federal government as well as compliance with the state of Delaware laws and taxes. However if you form a corporation outside USA, this company considered an OFFSHORE COMPANY since it is located outside of USA laws and jurisdiction. Your o shore company is not bound by the USA laws and or taxes. In addition, if you have formed your corporation in a TAX HAVEN country, such as Panama, then your o shore corporation is bound by Panama Laws and takes advantages of all the bene ts that Panama would o er. Since Panama provides many bene ts to foreign investors, your o shore corporation will enjoy substantially from being formed in Panama/
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Consult with your panamalegalcenter (https://www.panamalegalcenter.com/) advisor to nd out more detailed information and bene ts of having a Panama o shore corporation.
WHAT ARE BENEFITS OF OFFSHORE COMPANIES? Generally speaking depends on what country and jurisdiction you form your o shore company, it makes a di erence. Not all jurisdictions o er the same bene ts and investors lo form an o shore company interested in taking advantages of o shore jurisdictions. Each country has its own tax laws, privacy laws and asset protection laws. As an investor you need to investigate and know where is the best place to form your corporation in have exibility as well as protection while avoiding tax payment. Advantages of O shore Companies could be summaries as;
Asset protection Tax exemption Privacy & anonymity The above mentioned reasons can help investors in many ways while conducting their business.
WHAT COUNTRY IS THE BEST FOR OFFSHORE COMPANY? There are number of countries that are considered ideal for forming an OFFSHORE CORPORATION and we are going to list the best jurisdictions as follows;
Panama Cook Islands Cyprus Belize Nevis Singapore Ireland
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PANAMA IS THE WINNER PANAMA OFFERS THE MOST BENEFITS TO FOREIGN INVESTORS Check out: WHY PANAMA IS THE IDEAL OFFSHORE JURISDICTION Each of the above jurisdictions have pros and cons when it comes to forming o shore companies. Each country has its own laws and regulations, tax implications, etc. and o decide to form an o shore company, you need to carefully analyze each country’s laws and bene ts of their corporation to a foreign investors. We at panamaleg (https://www.panamalegalcenter.com/) have been forming o shore companies in Panama for almost 20 years and we are expert in setting up o shore companies in Panama. W to form o shore corporations in the country of Panama for many reasons since Panama o ers the best o shore solution for the buck. We consider Panama the ideal country to form an o shore corporation because Panama’s unparalleled bene ts surpass all other countries. When considering a country, you m attention to many factors such as;
Political system of each country Economic situation of the country Currency uctuation of each country Law & legislation of each country Corporate Tax implications & treaties Privacy laws of each country Our Corporate O shore experts at panamalegalcenter (https://www.panamalegalcenter.com/) are here to assist you to set up an o shore company for you in Panama. If you question, regarding how to form an o shore corporation, you should Email us at; info@panamalegalcenter.com and we will respond as soon as possible.
Summary Panama History Panama is one of the oldest “TAX HAVEN” countries in the world. Panama has been registering ships under its ag to help o shore companies to legally avoid paying taxes. For e in 1919, giant American ship owner, Standard Oil dodged American taxes and regulations by using Panama ag. Until today, Panama ship registry is very popular and most s vessels register their ships under Panama ag for tax purposes as well as avoiding stricter regulations. Moreover, in 1927, under the suggestion of group of US bankers, Panama its tax laws to allow individual investors to open bank accounts, no-questions-asked, and o er tax exemption to foreign investors. Panama tax exemption laws and privacy was reinforced in 1970s and Panama introduced strict con dentiality laws to become a pure TAX HAVEN country. During 1980s, when Noriega, the country’s military dictator, was president of Panama, he allowed Colombian cartels such as Pablo Escobar to launder money and narc’s easily operate in Panama. In January 2018 the European Union removed Panama from its blacklist and cited Panama has committed to tax transparency, as well as increased anti-money laundering e orts.
WHY PANAMA IS THE IDEAL OFFSHORE JURISDICTION? The Republic of Panama is a sovereign democratic country located in Latin America. In fact, Panama considered to be the hub of international business center connecting North to Central & South America countries. Panama due to its Panama Canal has the fastest growing economy and largest per ca-pita income in Central America. Republic of Panam popular and has registered over 500,000 corporations & foundations, making it the second most OFFSHORE JURISDICTION destination in the world, after Hong Kong. Export & plays a major factor in the economy of Panama and Panama Canal is the best source of income as Panama Canal income alone exceeded more than $3.1 billion in 2018. Pan been growing rapidly in the last decade and it is considered an OFFSHORE HUB for foreign investors. In short, country of Panama is a “TAX HAVEN” for foreigners & investors in TAX EXEMPTION, PRIVACY & ASSET PROTECTION. In summary, Panama’s legislation and tax laws make it a pure TAX HAVEN country. Panama imposes no taxes whatsoever on foreign investors capital, its income, corporate gains, or estate taxes when o shore company engages in doing doing business outside of the Panama. If an O shore company engages in doing business in Panama as well, it pay local taxes. In addition to the above, Panama o ers other advantages over other countries as follows;
Democratic Political System International Banking Hub Banking Secrecy Laws Anonymous Corporation Registration Capital Tax Exemption Tax Haven Jurisdiction Low Cost Company Set Up & Maintenance U.S. Dollar Currency Strict Privacy & Con dentiality Law No Reporting Requirements No Minimum Capital Requirements Corporate Pro t / Interest Tax Exempt May Issue Shares in “Bearer Form” Meeting of Directors Can Be Anywhere Books & Accounting Can be Anywhere One Local Registered Agent Democratic Government & Security Economic Stability & Growth No Nationality Restriction Small Annual Franchise Fee Latin America Hub Panama Advanced infrastructure Advanced Telecommunication System
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No other country in the world can match Panama bene ts and for that reason, we at panamalegalcenter (https://www.panamalegalcenter.com/) consider PANAMA, stands ou winner country in terms of o shore company registration
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winner country in terms of o shore company registration.
PANAMA OFFSHORE COMPANY; HOW IT WORKS
OFFSHORE COMPANY REGISTRATION In order to establish an o shore company in Panama, you need to have an experienced corporate attorney to legally form a company in Public Registry of Panama. This com considered an OFFSHORE COMPANY since is formed in Panama, outside your home country. The o shore company is Panama is bound by Panama law and corporate regula does not recognize other countries such as USA Laws. Republic of Panama corporate laws are unique and di erent that any other countries and our attorneys at panamaleg (https://www.panamalegalcenter.com/) are experts in forming Panama corporations. The reason for us to recommend Panama as the preferred choice for an o shore company formation because Panama o ers many advantages to foreign investors that no other in the world can match. Panama is considered TAX HAVEN country and jurisdiction because it provides foreign investors; Strict Privacy & Anonymity Ironclad Asset Protection 100 percent Tax Exemption For the formation and registration of an o shore company, we at, panamalegalcente (https://www.panamalegalcenter.com/)r rst will investigate to make sure the name desire is available for o shore company formation. Once we clear the name, we will notarize all the documentation necessary including by laws, directors and o cers n company operation, etc. with a Panama Notary Public and have the company signed and stamped by Notary public. After this process we will submit the notarized docume the public Registry in Panama for public registration and become valid & legal. This process may take up to 15 days to be completed so the process is not lengthy. Panama is a nancial hub of Latin America and most major banks have banking operation in Panama. Panama’s tax free zone in Colon, is second in the world in terms of size business transactions. In Panama free trade zone, you can nd just about anything for domestic use or exportation to other countries. Panama o shore company is bene ci its owners and shareholders since the o shore company can operate TAX FREE without paying a dime to the government of Panama. Another words, no income tax, no int tax etc. as long as your business and trading is outside Panama jurisdiction. For example, with your Panama o shore company , you can do exportation or importatio anywhere in the world and make tons of money without Panama imposing a dime on your capital gains. Let’s assume you make a million dollar a year without having to p dime to Panama. Therefore foreign investors enjoy using their Panama o shore company TAX FREE.
Another bene t of forming a company in Panama is its privacy & con dentiality. If you have an o shore company established in Panama, your company can remain anonymou third party intruder would know about your company and its nancial a airs. Panama o shore company’s operation can be from anywhere in the world. For example you c Europe or Japan and conduct any type of business with your Panama o shore company while keeping your privacy intact. No creditors will be calling you. No U.S, judgment is enf in Panama. This means, if you have any issues in the USA, it would not a ect your Panama o shore company. Once we form an o shore company for you in Panama, we will assist you to open a merchant bank account under your Panama o shore company. For complete privacy and an panamalegalcenter (https://www.panamalegalcenter.com/)can o er services of “Nominee” o cers and directors in order to shield real owners and directors name from appeari public records. . To protect one from renegade corporate directors and o cers is to create an agreement with the law rm requiring the directors and o cers to follow the orde majority shareholders at all times. Our law rm includes pre-signed, undated, resignation letters from every director and o cer so the true owner can re them at any time. Howe would require new o cers and directors. The main theme for Panama company formation privacy is not to have the true owner’s name appear in public records or the o cial c records as the name of the board of directors and o cers will. Little or no taxes are another reason for Panama company formation. Why pay income taxes if you don’t have to? Some people feel they are over taxed by their home country want a nest egg outside of his or her country. O shore company formation in Panama solves these dilemmas. Panama o ers no income tax and no corporation tax for its corporations as long as they do their business o shore and do not sell products or provide services inside the country. Online products and services available to anyone around t are perfect businesses for formation in Panama. Panama corporation (https://www.panama-o shore-services.com/o shore_corporations_panama.htm) formation is not expensive. European countries tend to charge at least much for o shore formation than Panama. Our law
rm only charges $1,000 USD for forming a corporation while the government only charges $300 USD per year to reg
corporation and keep it in good standing.
Maintain Your Corporate Privacy Generally speaking, domestic corporations protect their owners and o cers from claims and liabilities. However piercing the corporate veil is possible and personal liabilitie claimed. Domestic corporation does not provide Asset Protection (https://www.panamalegalcenter.com/contact-us/) to its directors and shareholders wherein there is a m act or mischief. The consequences of such acts result in piercing the corporate veil and an owner may then be subjected to personal liability by the business creditors. Unlike domestic corporation & foundation, with an OFFSHORE TRUST or CORPORATION, you would always maintain your corporate veil no matter whatever the case or act. Panama privacy is very important for o shore companies & o shore bank accounts. For example, Panama promises strict privacy to holders of o shore bank accounts. It is cons crime for Panamanian banks to disclose any information about client’s accounts unless they’re ordered to do so by a Panamanian court. In case a banks discloses an accoun information, it can be ned up to $100,000. Learn more about Panama Friendly Nations Visa https://www.panamalegalcenter.com/panama-friendly-nations-program/
FREE PANAMA CORPORATION & TRUST USED IN ASSET PROTECTION & ESTATECHAT! PLANNING STRAT CONSULTATION
Panama Foundation Summary- ( Legal entity Structure ) P
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Panama Foundation as de ned in the Panama law in 1995, and as updated and improved over the years, is a separate and distinct entity from its owners. As a result, the Foundation not only recognized in Panama, but is accepted worldwide.
Bene ts of a Panama Foundation ( Trust ) The Panama Foundation is a hybrid entity in between a trust and a corporation. Therefore, it may act as an o shore trust, but it is far more cost e ective to set up & maintain. . The bottom line is that you are the one who controls the foundations and its assets. You are always in control and can name anyone as bene ciary of your OFFSHORE TRUST. The TRUST will explicitly dictate your wishes to the banks, brokerage
rms and property
managers what to do with your assets upon your passing.
Conventions of the Panama Foundation A Panama Foundation must have a local address and local agent for service of process. Just as when you form an out of state company or LLC in the USA, you need to hav representative to receive legal correspondence. Learn more about Panama Offshore Merchant Accounts https://www.panamalegalcenter.com/o shore-merchant-accounts/ (https://www.panamalegalcenter.com/o shore-merchant-accounts/)
Panama Foundation Provides: Passive activities such as shares and patents holding, collect royalties, manage trademarks, etc. O shore asset protection Estate planning & Trust
Panama Foundation Council Your Panama Foundation Council may consist of three or more persons or one legal entity.
PANAMA CORPORATION Panama Limited Liability Company (S.A.) – Panama S.A. helps to shield you as an owner / investor and this means, you are not personally liable for the debts or funds of your c and your assets will be owned by a Panama Trust. Once the O shore Trust owns all your assets, no third parties and or government entities can seize your assets from the TRUST period. It is important to know that O shore Panama Companies do not require a commercial business license to operate o shore businesses. So you as a foreign investor can easily s O shore company in Panama to manage your holdings / business from anywhere in the world. Learn more about Panama Investment Opportunities https://www.panamalegalcenter.com/investment-opportunities-panama/ (https://www.panamalegalcenter.com/investment-opportunities-panama/)
“The Panama Papers 2016” In year 2016 Panama name became very popular in the nancial world due to the publication of certain les of a Panama law rm; Mossack Fonseca. A German newspap Süddeutsche Zeitung, obtained these le from an anonymous source in Panama. The les showed that the above law rm established more than 214,000 o shore companies sin It is note worthy that some o shore companies were established for legitimate purposes however some had been set up for tax evasion & money-laundering. FOR MORE INFORMATION, EMAIL US:
info@panamalegalcenter.com
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