Panama Limited Liability Company
Table of Contents
About the Panama Limited Liability Company
This company type is similar to the International business corporation but with less complexity.
It is also used to conduct business and conduct international transactions with other jurisdictions, because of the public nature of the partners.
It is easy to setup and it can be done remotely. It must have a minimun of 2 partners that can be locals or foreign and pay a yearly tax of $ 300.00 known as Tasa Unica.
Main Benefits
- Owners personal assets are independent from the company.
- Company assets are protected from liability of the owners.
- The company can sign contracts, buy assets and conduct business
- It can held assets in Panama and outside of Panama, real estate, brokerage or banking.
