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The
Panamanian government growing economy it's through the tourism and
the foreign investment. This investors choose Panama to form Offshore
Corporations and Private Interest Foundations. In Panama don't exists
the exchange controls, reporting requirements, or currency restrictions.
Panama imposes no limits on monetary transfers to outside and from
the country. Panama offshore corporations are used by who are interested in asset protection, privacy of investment, affordability and convenience. Panama corporations can be used for establish brokerage accounts, to settle trusts or foundations. Panama corporations are formed for very private and confidential business transactions for the protection of the assets such as the movement of funds to another jurisdiction. The creation of an offshore Panama corporation of a non resident corporation may take between five or seven working days. Offshore Corporations are formed through nominee incorporators in Panama, who execute the Articles of incorporation before a Notary Public of Panama registered at the Public Registry office. Two persons or more not necesary present in the Republic of Panama, of any country even though not domiciled, adults, make the Panama corporation for any specific purpose, through the legal process. Articles of Incorporation may be executed anywhere, in any language, within or outside Panama, as long as the signatures are certified by a Notary Public, or by any other public officer at the place of execution thereof their signatures having to be legalized by a Panamanian Consul or apostilled. The of Articles of Incorporation are stablished by Article 2 of Law Number 32 of 1927, and may be resumed as follows: + Corporation name, (not can be the same or similar to another existing entity), and shall include a word, abbreviation or phrase to indicate that it is a corporation (INC. / S.A. / CORP. etc.). + domicile of subscribers or incorporators and your names. + Basic purpose(s) for which the corporation is created (tourism, shipping, commercial, trading, etc.)
+ Capital structure or authorized capital propossed, including
number, classes of shares, whether with or without par value,
whether bearer (registered) or nominative shares, and if there
are to be shares of different classes, number of shares in each
class, designations and relative rights, preferences and limitations
thereof. + Number of shares that each of the subscribers agrees to take. + Corporation address or domicile, which may be in Panama or elsewhere, as well as name and domicile of its Resident Agent in Panama who must be an Panama attorney or an law firm.
+ Directors full names and addresses.
Contact
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