The Benefits of the Panamanian Corporations

As indicated above, since the year 1927, Panama has enjoyed a stable legislation in Corporations matters, a legislation which represents great benefits for foreign companies, multinational companies in particular.

Among the advantages offer by Panamanian Corporations, we may indicate:

• Tax exemption in the Republic of Panama on benefits obtained by the Corporation, coming from foreign sources;

• No requisites in relation to the nationally of the shareholders;

• Directors and/or Officers do not need to the Panamanian nor reside in the Republic of Panama;

• The Boards of Directors and Shareholders' Assemblies maybe held in any part, within or outside the Republic of Panama;

• The shares may be issued in a nominative form or to bearer;

• There is no minimum to the authorized capital, and

• Panama is an excellent place to establish foreign subsidiaries and is a bridge for the Distribution of Capitals.

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