Panama International Business Corporation
(Sociedad Anónima)
Table of Contents
About the Panama International Business Corporation
The International business corporation is one of the best asset protection entities worldwide and is a shares company.
It is also used to conduct business and as a vehicle to optimize taxes.
It is easy to setup and it can be done remotely. It must have a minimun of 3 directors that can be locals or foreign and pay a yearly tax of $ 300.00 known as Tasa Unica.
Main Benefits
- Shareholders personal assets are independent from the company.
- Company assets are protected from liability of the shareholders and the directors.
- The company can sign contracts, buy assets and conduct business
- Corporate meetings can be held outside of Panama and even with electronict means.
- It can held assets in Panama and outside of Panama, real estate, brokerage or banking.
