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Advantages of Panama

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The Republic of Panama is located between Costa Rica in Central America and Colombia in South America and has access to the Pacific and Atlantic Oceans. Its capital - Panama City - located on the Pacific coast at the entrance to the Panama Canal.

Until 1821 Panama was a Spanish colony. In 1903, Panama withdrew from the alliance with Colombia and became an independent republic. The population of Panama is approximately 2.4 million people, of which 700 thousand live in Panama City. Offshore legislation in force since 1927.

Advantages of Panama:

  • The high level of anonymity and confidentiality
  • There are no requirements on accounting / reporting
  • No taxation
  • The modern offshore legislation
  • Panama - independent territory
  • Panama has a reliable and valid registration
  • Ability to conduct international business
  • Stable jurisdiction with a very good reputation
  • Good level of communication
  • Convenient time zone: GMT-5
  • Low IBC registration and fees imposed for life
  • There are no requirements on the paid up capital
  • According to civil law
  • At least 3 directors and a shareholder
  • Bearer shares are permitted
  • Not considered to be offshore in some countries (eg Ukraine)