Panama Overview
The Republic of Panama is located between Costa Rica and Colombia, forms the narrowest and lowest portion of the isthmus that links North and South America. It is best known for the Panama Canal which joins the Caribbean Sea to the North Pacific Ocean and connects Central America to South America.
Why choose Panama?
International investors, financiers and businessmen find Panama an ideal foreign base country for worldwide operations and transactions. Panama taxes according to the territoriality principle (it does not tax foreign-source income). Dividends are not included as income and is therefore not subject to income tax.
Due to its structure, geographical position, political stability and the characteristics of its economy, Panama became one of the most important offshore destination. It has excellent international transportation and communication systems; the United States Dollar has been a currency of legal tender for more than ninety years.
Panama has taken several steps to modernise its economy and promote foreign investments.There are no exchange controls, currency restrictions and Panama imposes no limits on monetary transfers to and from the country.
Accounting Requirement
There is no requirement to file accounts with the authorities but a company is required to keep financial records that reflect the financial position of the company.
Cost of incorporation & Management
Cost of Incorporation: $1.900
Annual Renewal Cost: $1.200
Contact us for a free consultation:
Your business is important to us and we appreciate your interest in our services. We are pleased to offer a free consultation without any obligation. Call us at +61 (0) 451 673 770 or use the contact form below to send us an email.
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