About that Country :
Panama is located in Central America between Costa Rica and Colombia. It is an international centre for trade and financial services.
Panama has a long history and good reputation for financial and offshore excellence. They offer complete confidentiality, tax-free opportunities, progressive legal environment and a supportive banking infrastructure.
Why form a Offshore Company in Panama ?
Panama Offshore Company Registration Requirements :
The requirements for incorporation are that two subscribers must be present at the Public Registry, for incorporation. The subscribers are usually Registered Agents or Lawyers, which submit the Articles of Incorporation. The Articles include, the Name of the corporation, the corporate objectives, name and domicile of the subscribers, corporate capital, the duration of corporation, Name and addresses of the Directors (President, Secretary and Treasurer) and the name and address of the registered agent.
The Subscribers have a right to own one share of the corporation. Once the company is established, these “Agent” subscribers, sign a documents and effectively resign their rights to the one share of the company. These are then given to the client who intended to incorporate the company, along with all other company documentation.