Why Panama Corporations?
The Republic of Panama has a long standing on the company and foundations formation because of the series of benefits and uses it offers. Panama is consider the gateway to the Americas, given the privileged location and hub for international banking, trade, flight frequency and the famous Panama Canal, that has contributed to the economy development of the region.
Panama has different types of companies, we will compare the most usual ones as follows:
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|Type of Entity||Members||Directorship||Abreviation||Due Diligence Disclosure||Days to incorporate|
|IBC Corporation||one shareholder, natural or juridical person||minimum three persons of any nationality||S.A. / Inc. /Corp.||Disclose of Directors not Shareholders||3|
|LLC Corporations||at least two shareholders and maximum of twenty, natural or juridical person||minimum one administrator, natural or legal person of any nationality||S de R.L||Disclose of Directors not Shareholders||3|
|Partnership Companies||at least two professional members only from Panama, only natural person||three directors||N/A||Disclose all members||3|
|Non-Profit Corporation||Natural or legal person||three directors||N/A||Disclose all members||3 Weeks|
The Panamanian territorial regime of taxation, makes a huge advantage for International business establishment, because all the income generated overseas are not taxable.
+ Articles of Incorporation
+ English Translation of Articles of Incorporation
+ Good Standing Certificate
+ Minutes Issuing Shares
+ Share Certificates
+ Minutes of Accounting Records
+ Share Register Book
+Certificate of Incumbency
+ Resignation of the Subscribers