Offshore Corporation Facts:

* Being The Second Most Renowned Jurisdiction in the World: Panama is the recorded residence for over 400,000 business establishments and foundations, making it the second most popular jurisdiction to incorporate in the world, next to Hong Kong.
* No Reporting Prerequisites or Taxes: Panama does not levy any accounting necessity or taxes for non-resident Panamanian corporations.
* No Penetrating the Corporate Veil: Panama does not allow corporate scrutiny, so your Offshore Companies books are conserved perfectly secret and confidential by law.
* Unnamed Ownership: Panama corporations share credentials can be published in Nominative or Bearer form (Bearer Share are an anonymous form of ownership), with or without par value. Neither the directors nor the officers of Panama business organizations need to be shareholders.
* No Capital Requirements: Panama corporations do not call for Paid-In Capital, nor is there a time restriction in which licensed capital must be completely paid off.
* 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 managers, officers and shareholders may be of any nationality and resident of any nation. The manager’s names and identities must be shown in the public registry when the organization is created.
* Candidate Managers: We provide our clients the optional function of employing our Nominee Directors for their corporation(s). For determinations of confidentiality, most of the clients favor that I offer nominee directors/officers for their corporations. When I select nominee managers for the entities that I establish for my clients, I always supply my clients with pre-signed, undated letters of resignation from the directors so that my client can substitute those directors at any time.
* Directors or Shareholders Assembly: Annual general assembly of either stockowners or directors of the corporation are not mandated or prerequisite. Nevertheless, if assemblies are held, they can happen anyplace in the world by representation, via phone, email or other forms of communication. Any declarations passed are effectual regardless of whether they are signed on various dates or in different jurisdictions.