LEGAL ADVISORY SERVICES
Through a multidisciplinary team our clients have the best legal specialists in different areas such as: corporate law, tax, administrative, criminal, immigration and residence, insurance and reinsurance, labor, real estate, litigation and dispute resolution, among others; we offer an online and immediate service to all those who need to create a company in Panama, offshore company, opening bank accounts and obtaining visas. Our commitment is the direct attention to the client 24/7 using new technologies.
WHAT IS AN OFFSHORE COMPANY?
The offshore companies allow the elimination of obstacles to trade and expedite the exchanges, by means of an adequate planning of the Fiscal Structure of the companies.
Panamanian offshore companies are, by definition, those corporations that do not develop their commercial activity in the Panamanian territory, this eliminates the tax burden in Panama for this type of companies being totally exonerated from the payment of income obtained outside the Panamanian territory.
The principle of territoriality of the Panamanian tax law allows Corporations, Limited Liability Companies or of any other nature whose income or profits come exclusively from offshore activities, not to pay taxes in Panama, being considered tax exempt.
Advantages of a Corporation in Panama:
1- The corporation protects the identity of the shareholders.
2- The corporation does not pay taxes for the activities carried out outside Panama.
3- The corporation can carry out investments or commercial activities anywhere in the world.
4- The Corporation can open bank accounts in Panama or in another country.
5- You can incorporate a corporation without traveling to Panama.
6- The process is fast and reliable.
TAX ADVANTAGES
One of the advantages of incorporating a company in Panama lies in the low tax burden that companies have if they generate their income outside the Republic of Panama.
If a company created in Panama generates its income outside the Republic of Panama, it is not obliged to pay income tax.
In addition, in Panama the tax known as ITMBS (Tax on the Transfer of Movable Tangible Goods and the rendering of services) is 7%, one of the lowest in the region
FAVORABLE IMMIGRATION AND TAX POLICY FOR FOREIGNERS
The Panamanian immigration policy responds or is developed based on the capacity to invest that the interested party has (whether legal or natural persons) in the Panamanian territory; that is to say, the immigration policy is developed based on investment axes whether these are materialized through the creation of a company, labor reasons, investment in real estate, investment in fixed term deposits in Panamanian banks.
OPENING BANK ACCOUNTS IN PANAMA, CAYMAN ISLANDS, BAHAMAS AND BELIZE
In most cases, companies incorporated anywhere in the world need a bank account to operate. In the case of Panama we have a team specialized in opening bank accounts for companies incorporated both inside and outside Panama. We even facilitate the opening of bank accounts not only for corporations but also for personal bank accounts.
OBTAINING VISAS THAT ALLOW YOU TO WORK AND LIVE IN PANAMA
When you get your company created in the Republic of Panama we provide advice and support to obtain your documents which allow you to enjoy a legal stay, either for legal representatives or their foreign workers, which are:
– Visa or residence permit
– Work permit
– Visa as stipulated in the Executive Decree 416 of 2012.