Here Are The Reasons Why You Should Incorporate A Company In Panama
Approximately, there are half a million incorporated companies in Panama. The reason why businessmen love to build companies in Panama is because they have an amazing business environment not only for locals but foreign investors as well. With its low tax policy and fair laws of incorporation. These factors have helped Panama became one of the best economies to incorporate your company.
Listed below are the long list of benefits that can convince you into incorporating a company in Panama.
First, Panama has flexible laws and regulation that makes it simple for both foreign and locals to incorporate a company. For example, in Panama company registration will only take a maximum of two weeks. Imagine you can regulate your company and start making your money grow in just a short span of time.
Next, this one benefits most foreign investors because after the company registration you are not required to be in the country during or after the process. You do not need to present accounts in Panama’s government. In Panama’s embracing diversity they allow you to conduct board meetings anywhere in the world.
Second, Panama has territorial tax system which means that you are only going to pay tax once your company’s income is obtained within the borders of Panama. Third, there is an ultimate high level of asset protection. Any offshore company incorporated in Panama can own assets and real estate even outside the borders of Panama. This is allowed to help them prevent any future liability.
Fourth, Panama values confidentiality and imposes security that is why they offer all companies with full confidentiality in any of the company’s operation. They allow the owner to remain anonymous through bearer share. Also, you may not include your company’s corporate objectives in the Articles of Incorporation. There are also existing bank secrecy laws which punish any person who tend to disclose account information to third parties.
In addition to that Panama has no mutual legal assistance treaties (MLAT’s). Fifth benefit in incorporating a company in Panama is that they do not have exchange controls. They don’t restrict companies on monetary remittances and does not force currency exchange controls. To make it short, funds can flow freely may be it in or out of the country.
Sixth is that you, of any nationality or resident of any country, is allowed to incorporate a company in Panama. Seventh, they do not require paid-in capital and they have no limit on the amount of share capital. Also, non-par value, voting and non-voting shares are allowed. Eighth benefit is that we all know that Panama is a free and stable economy which can assure you of highest possibilities of success. Ninth, Panama has one of the most strategic geographic positions which means that you can have access to important ports in Latin America that may be good for your certain business. Lastly, Panama has one of the greatest telecom sector which can offer your company a reliable communication system and grant you access to best high-bandwidth and fiber optic networks.
In Panama there are bank secrecy laws that can assure you of your full security while regulating your business. Also, there are tax incentives that are offered to multinational companies. After reading all of the benefits you can have when you incorporate a company in Panama what are you waiting for? Incorporate now!