Panama Company

Major advantages of Panama Company                                      
Exemption from all local taxes, when income received outside of Panama
Inexpensive annual support
No requirements of a minimum paid up capital
Information about shareholders and beneficial owners is not filed with the Public

Registry Office and not available to the public                              
Any individual and legal entity may become a shareholder
No foreign exchange control.

Corporate Name                                                                        
The name of Panama company may be in any language and must include
    one of the following legal endings: Incorporated, Corporation, Sociedad
     Anonima, Inc., Corp., S.A.

Office Address and Local Agent                                                    
Each Panamanian corporation must have Panamanian registered
     office address and Panamanian agent, who is an attorney or a law firm.
Principal office address (business address) of the corporation may be in any country.

Shares of Panama IBC may be issued to individuals or companies,
     who are residents of any country.
A minimum of one shareholder is required.
If you need a nominee shareholder, our company provides such services.

Directors and Officers                                                                 
Every Panamanian corporation shall be managed by the Board of Directors.
A minimum of three directors is required.
Corporate directors are not permitted.
All directors must be individuals of full age (at least 18 years old).
Residents of any country may be appointed as directors.
If you do not have three directors our company is able to provide nominees.

Authorized Capital                                                                       
Standard authorized capital is US$ 10,000 divided into 100 registered 
     shares of US$ 100 each.

If a Panama Corporation conducts its business outside of Panama, it is exempt from all local taxes including income tax, capital gain tax, dividend tax, and stamp duty on transfer of corporate shares, and other property.

Public Records                                                                           
Information about shareholders and beneficial owners is not filed
     with the Public Registry Office and not available to the public.
Names and addresses of directors and officers are included in the
     Articles of Incorporation. Therefore, such information is available to the public.

Accounting and Audit Requirements                                             
There are no statutory requirements of accounting and audit for Panama
    offshore companies.
It's totally up to the corporate directors, what kind of records they would like to keep.

Annual General Meeting                                                             
Annual meetings are not required.
Meetings of directors or shareholders may be held anywhere in the world.