Offshore Corporation Facts:

* Being The Second Most Favorite Jurisdiction in the World: Panama is the certified domicile for over 400,000 companies and foundations, making it the second most popular jurisdiction to incorporate in the world, next to Hong Kong.
* No Reporting Demands or Taxes: Panama does not levy any accounting necessity or taxes for non-resident Panamanian corporations.
* No Cutting the Corporate Veil: Panama does not allow corporate examination, so your Offshore Companies books are maintained absolutely secret and restricted by law.
* Unknown Ownership: Panama corporations share certifications can be issued in Nominative or Bearer form (Bearer Share are an unknown form of ownership), with or without par value. Neither the managers nor the officers of Panama corporations need to be shareholders.
* No Capital Requirements: Panama corporations do not require Paid-In Capital, nor is there a time limit in which licensed capital must be paid in full.
* Directors: Each Panama corporation calls for 3 directors/officers (President, Secretary and Treasurer). The directors/officers can either be individuals or entities. Panama Corporation’s directors, officers and stockholders may be of any nationality and citizen of any nation. The manager’s names and identifications must be presented in the public registry when the corporation is created.
* Nominee Directors: We propose to our guests the optional function of utilising our Nominee Directors for their corporation(s). For determinations of privacy, most of the customers favor that I offer candidate directors/officers for their corporations. When I name candidate directors for the companies that I build for my clients, I always furnish my clients with pre-signed, dateless letters of resignation from the managers so that my client can supercede those directors at any time.
* Directors or Shareholders Assembly: Annual general convention of either shareholders or managers of the corporation are not mandated or necessary. Nonetheless, if meetings are carried, they can take place anywhere in the world by proxy, through telephone, e-mail or other electronic means. Any decisions passed are legitimate irrespective of whether they are noted on different dates or in different jurisdictions.