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Panama Offshore Company

Some Interesting Facts for the Panama Offshore Company

Type IBC
Type of law Statute Law
Time needed set up a new company 2-4 days
Income Tax Rate 0 %
Treaties for the Avoidance of Double Taxation None

CAPITAL RULES

Common  currency of share capital US $
Capital allowed in any currency Any
Minimum paid up capital US $1
Usual Share Capital registered US $10,000

DIRECTORS

Minimum number of Directors 3
Local Director required No
Corporate directors allowed No
Records accessible by public No
Place of meetings of company Directors Within Panama unless otherwise stated in the Articles of Incorporation or By-Laws

SHAREHOLDERS

Minimum number of Shareholders 1
Accessible records to public No
Place of meetings of Shareholders Within Panama unless otherwise stated in the Articles of Incorporation or By-Laws

SECRETARY

Necessary No
Local or qualified No

ACCOUNTS

Requirement to prepare yearly Yes
Auditing No
Filing Accounts No
Accessible accounts to the public No
No need to file annual return No
Re-domiciliation of Company allowed Yes

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