Panama offers you extremely attractive CFC rules at the national level. In addition, the Panama Company is able to adapt quickly and flexibly to national CFC rules abroad as needed. Through the principle of territorial taxation, liberal accounting and accounting requirements and the potential use of nominees (trustees), as well as the diverse range of modern banking solutions, Panama is one of the most attractive corporate locations worldwide.
The Republic of Panama is located in Central America between Costa Rica in the north and Colombia in the south. Above all, the Panama Canal is known, which still plays a significant role in the economy of the country. Panama has a population of about 2.3 million people.
The official language is Spanish, but predominantly English is spoken in the conurbations Panama City and Colon.
Panama became an independent republic in 1903 and is characterized by continued stability and a good business climate. The head of state is a president who is elected every five years. Due to the geographical location of the country, the location is particularly suitable for companies that want to operate in the sectors of raw materials, transport and logistics. What kind of design options you have, you will find out in a personal consultation with the company lawyer of the Business Center Zug.
The infrastructure is excellently developed, both for the presence of international banks and courier services, as well as excellent telecommunications facilities.
Panama City’s international airport offers connections to every major city in North and South America.
Panama taxed only domestic income. The Panama Company is thus not subject to national corporation tax, provided that the profits of the company were generated outside Panama.
There is no minimum capital planned; the standard capital is USD 10,000.00, but it is not payable. Nominee shareholders can be used on request. There is no accounting obligation, provided that profits were generated exclusively outside Panama.
The company in Panama is not an offshore company. Rather, the main advantages of this location are based on so-called territorial taxation, low bureaucracy and the exceptional possibility of being able to flexibly design and adapt the Panama society in its structure. The Business Center Zug is happy to advise you!
Formation expenses: 2.900 USD