|
"There
is nothing sinister in so arranging one's affairs as to
keep taxes as low as possible. Everybody does so, rich or
poor; all do right. Nobody owes any public duty to pay more
than the law demands; taxes are enforced extractions not
voluntary contributions !"
-US Judge
Hand-
Panama
International
investors, financiers and businessmen find Panama an ideal
foreign base country for worldwide operations and transactions.
Panama taxes according to the territoriality principle (that
is, it does not tax foreign-source income), only
the income produced locally is taxable, disregarding
the citizenship of the taxpayer. Dividends are not included
as income subject to income tax.
Due to its
structure, geographical position, political stability and
characteristics of its economy, Panama has become one of
the most important tax havens of the Western Hemisphere.
It has excellent international transportation and communication
systems; the United States Dollar has been a currency of
legal tender for more than ninety years.
Panama has
taken several steps to modernize its economy and promote
foreign investment. Most Panamanian and foreign investors
choose to form Corporations. There are no exchange controls,
currency restrictions or reporting requirements, and Panama
imposes no limits on monetary transfers to and from the
country.
Benefits:
- No reporting requirements.
- It is possible to
keep a business under direct control while maintaining
complete confidentiality. Names of beneficial owners
are not publicly available.
- It is not required
to file any changes to ownership schedule, after the
registration is complete.
- It is not required
to maintain a legal address.
- No Citizenship or
residency requirements or restrictions with respect
to Owners, Directors and Officers as with most other
tax havens.
- Stockholders' and
Directors' meetings may be held anywhere in the world.
- Capital Shares may
be issued in a nominative form, or to "Bearer"
- the ideal protection of the Corporation owner's
identity and total privacy.
- Funds and accumulated
offshore profits can be deposited or invested in any
country in the world without becoming subject to taxation
in Panama.
- One person might hold
all three positions of a President, Corporate Secretary
and Treasurer.
OTHER COMMON ADVANTAGES
OF PANAMA IBC'S ARE:
- Ultimate
financial privacy
- Asset Protection
- Income Tax
Reduction, or elimination
- No inheritance,
succession or gift taxes
- Protection
from inflation
- Reduction
in legal liabilities
- Reduction
in operating expenses
- Freedom from
currency exchange control
- Local Government
concessions, subsidies and support
- Data on Owners
and Directors is not publicly available and remain confidential
- Easy access
to North American and European Capital Markets
- No International
Trade Tariffs.
- No annual
tax return requirements.
- No import/export
quantity limitations.
- No costly
bureaucracy.
.
Upon registration of your Offshore Company you will receive
the following :
 Statutory Document
in Spanish with a copy in English.
General Power
of Attorney
Certificate of Incorporation
Bearer Shares
Certificate.
Nominee Directors
with Letters of Resignation.
Resident Agent
Courier to
your door.
Our
Price $ 700.00 US
+ Gov tax*.
Order Here
The Government tax of $250 (increase to $300 as of 2005)
is not included and must
be paid at time of Incorporation.
Panama Company annual fees:
Second year Government tax $300 ($50 late fee applies): must
be paid before
June 30th or before December 31st if registered
after June 30.
Resident Agent and Nominee
Directors $300
Total: $600/year Order
Ready to
ship "Off
the Shelf" Companies are
available.
Paying
by Wire Transfer please contact us
by e-mail at info@offshore-etc.com
for wiring instructions.
If you require any
more information Please contact
us.
Info@offshore-etc.com
|
