Panama is fast becoming the financial center of the Latin American region. Panama’s offshore economy produces billions of dollars per year due to the country’s promotion of offshore business opportunities. Many citizens of other countries own offshore businesses registered in Panama.
Panama’s economy continues to grow in spite of a global recession. This growth is due, in part, to the thriving offshore economy. Offshore incorporation
opportunities for businesses and investments continues to grow at an astounding pace. An offshore company is defined simply as a company that is not located in the same country of citizenship of the owner/investor.
Companies that are registered offshore enjoy reduced taxes, as well as other benefits such as the ability to protect and increase assets. Manage risk and protect assets by forming an offshore company.
Cost of Registering an Offshore Business in Panama
Many believe that registering an offshore business in Panama would be difficult or costly. The fact is, registering an offshore business in Panama is neither difficult nor costly. A citizen from another country may register a company for about $3000 US dollars. Attorneys are available to assist you with the registration process.
Your transactions and offshore endeavors are held in the strictest of confidence. Investors in offshore endeavors may keep their identity private. The attorneys available to register your business will keep your investment entirely confidential.
Benefits of Registering an Offshore Business in Panama
The benefits of incorporating or otherwise registering a new business in Panama are many. The business owner receives many incentives to register an offshore business:
* Maintain Privacy
* Protect and Grow Assets
* Banking Privacy
* Tax Treaties
* Duty and Customs Exemptions
* Foreign Investment Incentives
Investors who create offshore companies in Panama enjoy a welcoming climate from the legal system and business environment. Panama houses several offshore experts to assist you in forming a legal entity in the country. Attorneys who specialize in the formation of offshore companies are available to assist.
Types of Offshore Interests
Offshore companies registered in Panama may specialize in:
* Intellectual Property
* Tax Planning
Panama is known as a tax haven for companies. In tax haven countries, individuals and businesses have little to no tax liabilities. The low tax structure appeals to businesses of all types. Low taxes in combination with the business-friendly environment, investors and business owners alike are considering registering their company as an offshore partnership or corporation in Panama.
Company Structures in Panama
Companies are organized in Panama as Corporations, Partnerships, or Sole Proprietorships. An offshore lawyer will be able to decide which type of business structure is right for the business or endeavor. When researching the possibilities of forming an offshore business in Panama, consider hiring an offshore lawyer who is an expert in the formation of offshore companies in Panama.