Panama is one of the most popular and oldest tax havens, along with high security and privacy. Moreover, Panama is rated as one of the best human-developed countries (60th on the human development index). It has now evolved from an important trading hub into a top international banking and professional services centre. The country boasts a strong economy, which has been pegged to the US dollar since 1904.
This article by JNT is intended to provide general information about setting up a company in Panama.
1.1. Characteristics of foreign companies in Panama
1.2. Key features of Corporation – the most common type of company in Panama
Doing business in Panama and deciding to form a Corporation is relatively straightforward, provided that certain requirements are obeyed. There are some key characteristics of forming this type of entity that must be noted. Most importantly, shareholders are only responsible for their own assets and for any of their own contributions. There is also no legislation detailing the minimum social capital of the company.
JNT is proud to be a pioneer in providing comprehensive solutions for businesses. We will help the Client to prepare all the necessary requirements for the registration and maintenance of the company. We have supported hundreds of local and global entrepreneurs and companies in successfully launching projects worldwide. Contact us to start your “Go Global” strategy today!
Auth. Zed Nguyen