1. What will my Company receive with the Corporation and Foundation Package?

Our Corporation and Foundation Package come complete with, resident agent, registered office, share certificates (issued either to the Bearer, or in Nominative form), and a resignation letter from the subscribers of the Corporation.

Foundations include the registered foundation charter (with an official English translation), resident agent, registered office, and notarized Private Protectorate Document.

2. Are nominee directors provided by us?

Optionally, you can ask us to provide nominee directors or council (no additional fee). In this case we will also include pre-signed, undated letters of resignation from each director (or council member), plus a Notarized and Appostiled General Power of Attorney.

The Power of Attorney comes with a blank space so you can complete it with any name you want. The persons name who appears in the Power of Attorney would have authority to actually operate the corporation (or foundation), e.g. sign contracts, open bank and brokerage accounts, etc.

3. Is there any requirement to keep books for my Corporation?

There are no requirements to file Panama tax returns, keep books for the corporation, or have an accountant. However, you should obtain professional guidance from your domestic attorney or accountant regarding income tax reporting requirements of your country of residence.
It is your decision to report to the tax authorities in your country.

Under the Corporate Book Secrecy laws, it is a crime to release any information about our clients corporations in Panama. "Piercing the Corporate Veil" is not permitted in Panama unless authorities deal with criminal acts.

4. What are nominee directors?

Nominee directors (or nominee council members) are directors that our law firm appoints for you. Each corporation or foundation must have 3 directors appointed when the entity is registered in the public registry. The directors names and passport numbers are on the public deed of the corporation (or foundation) and this information is publicly available. In many cases, our clients prefer to not be appointed as directors on the offshore entities due to either privacy reasons, or foreign public directorship reporting rules in their home countries. The nominee directors we appoint are only there to fill in the blanks at the public registry and they have no authority over the entity for any kind of decision making.

5. How long will it take to oncorporate a non-residential Corporation?

Incorporation of a non-resident corporation may usually take between two to four working days. Two natural persons appear before a Notary Public. Services provided by our local law firm include a Registered Agent for incorporation purposes

6. What are the Benefits of Panama Offshore Corporations?

- No reporting requirements.

- Direct control of business with complete confidentiality.

Names of beneficial owners are not publicly available.

- No filing of changes to ownership schedule after registration.

- A legal address is not required.

- No citizenship or residency requirements of owners, Directors and Officers.

- 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 taxation in Panama.

- No Paid-In capital at all.

- Officers and Shareholders may be of any nationality and resident of any country.

- Directors names and identifications must be presented in the Public Registry when the corporation is formed.

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