WHAT IS THE PURPOSE OF HAVING AN
OFFSHORE CORPORATION?
Offshore
corporations or offshore companies are Panamanian
corporations not having operations in Panama or within its
territory, under taxation laws. Consequently, offshore
corporations are exempted from paying taxes for revenues
produced abroad.
These offshore
companies or corporations have diverse functions and
advantages, they are particularly used for tax planning, but its
major utilization is for commercial and economical management, used
also as an asset protection method or as holding companies.
Offshore companies
or corporations allow for a faster asset trading and better
tax planning of company structures, especially, by means of the
triangulation method or re-invoicing goods and services, making
great savings at the end.
CORPORATE
PACKAGES
Our Firm offers
corporate packages, which comprises the following:
-
Notary and Registration Expenses for the Articles of
Incorporation (standard and in
Spanish)
-
Minutes’ Book
-
Stock Register Book
-
Standard Minute authorizing the first Stocks’ issue
-
Renunciation from the corporation’s initial subscribers
-
Five (5) Stock certificates
-
General Power of Attorney (if requested within the articles of
Incorporation)
-
Resident Agent Fees (1st year only)
-
Annual Tax (1st Year only)
Legalizations and delivery are not
included and charged separately.
Fees and expenses are described in the Form sent upon your
request or demand.
Please, remember that the corporate package we offer includes, under
the same cost, payment of the first Corporate Annual Tax, as
established by Law at USD 250.00, for the first time, while
for the following years, annual taxes are USD 300.00. And, also
included in the package is the first annuity for Resident Agent
fees, for USD 250.00, which will be invoiced each year,
after the one of the incorporation.
ORGANIZATION OF
OFFSHORE CORPORATIONS
Offshore
Corporations and Foundations can be organized from
any place where the client may be, without the need to travel to
our country.
Organizing an
offshore corporation or an offshore company in Panama
is relatively easy and fast. You just need to complete the
information requested for its incorporation in the
organization form we provide and that can be sent back to us,
by e-mail to:
anabrin@bfclwyers.com or
acorbetti@bfclawyers.com or by fax to the
numbers (507) 264-6336 or (507) 265-2379.
Generally, the
Articles of Incorporation of an offshore corporation or
company are based on a standard model, except when
a special structure is requested.
CORPORATE NAME
Offshore
companies need a name to identify them and individualize
them. This name must be available in Panama’s Public Registry.
Our office offers the service of searching for the availability
of corporate names as well as for any reservations.
CORPORATE
OBJECTIVES
Offshore
Corporations may have any lawful objective and develop any
commercial or industrial activity. Clients may request for more
ample Corporate objectives and may specifically express the
activities to be exercised by the company.
CORPORATE
CAPITAL
Corporations
offered have a corporate capital of USD 10,000.00, which can be
increased according to the clients’ needs and desires, provided
payment of the additional cost of the registration rights
generated by this capital increase.
STOCKS
Corporate stocks
can be nominative or to the bearer. If planning for having any
commercial activities in Panama and depending on the type of
activity, the Law may order for nominative shares only.
DISTRIBUTION OF THE STOCKS
Distribution of the
stocks is registered in the Corporations’ Stocks Register Book.
DIRECTORS AND DIGNATARIES
Clients may freely
designate the corporation’s directors and dignitaries, but may
also decide to have nominee directors, named by our office, in
which case the corresponding annual fees will apply.
TIME FOR INCORPORATION AND DELIVERY
Offshore
corporations and companies can be incorporated in an
average period of 48 to 72 hours, after receiving all the
necessary information and the corresponding payment.
The time for
sending all documentation will depend on the place and on the
availability of the service (FEDEX or DHL).
Generally, documents are sent 24 hours after the
incorporations is done.
|
