OFFSHORE INFORMATION - PANAMA
Panama, a republic in Central America, located on the narrow strip of land that connects North and South
America. Its position between two continents and separating two oceans has played a defining role in Panama’s history and the livelihoods of its people. Panama’s financial sector has more than 100 banks, with
combined assets of more than $30 billion.
This sector arose after a 1970 law permitted secret bank accounts and advantageous tax terms. Since the US invasion in 1989 removed Noriega, disbanded the military, and restored a civilian government, the country has stabilised and prospered.
| Company Status | Private Foundation |
| Company Name | A search is required but most initials and words can be used. Each name must end in Foundation or International Foundation |
| Incorporation Time | 14—21 working Days |
| Usual Minimum Capital | £100.00 paid up |
| Capital Duty | 0.5% |
| Minimum Shareholders | One |
| Bearer Shares | No |
| Par Value | No |
| Minimum Councillors | One |
| Corporate | Yes |
| Location | None Resident |
| Councillors Mandatory | Yes |
| Corporate | Yes |
| Location | Local, Resident |
| Registered Office Address | Yes |
| Local | Yes |
| Registered Agent | No |
| Documents to be held at Registered Office | Councillor Information & Copies of Charter |
| Public File Information | Councillor Information Only |
| Corporate Books | Required to held at Registered Office, regulations, charter,annual filing |
| Seal | Yes |
| Accounts required | No |
| Filed | No |
| Where are meetings to be held | No Restriction |
