 |
Some Panama Offshore
Advantages:
- Stable tax structure,
with no taxation on income from sources outside Panama
- Laws governing
corporations and other commercial entities are liberal
- Incorporation of
companies is expeditious and more economical to form and maintain than
in most other jurisdictions
- Panama operates the
leading free-zone in the Western Hemisphere
- Panama offers expedient,
economic and favorable legislation for ship registration
- Panama is a thriving and
growing international financial center with no currency restrictions
or exchange control
- Panama allows the use of
U.S. currency as legal tender and as a medium of exchange
- Panama offers many
excellent locally and internationally trained lawyers, as well as
international auditing, consulting and brokerage firms
- Most professionals and
business persons in the cities of Panama and Colon are fluent in both
English and Spanish
- Panama offers a stock
exchange that includes international trading activity
- Private
foundations are easier to constitute and operate in Panama due to very
modern and flexible legislation, and less costly to form and maintain
that a trust
- Special legislation for
tax free operation of captive insurance and reinsurance activities managed from Panama
|
|
Panama as an
International Services Center
For many decades, Panama has
been recognized as a leading offshore center. Its status is based
primarily on the fact that in Panama all foreign-source income is exempt
from any tax assessment.
The truth is that Panama
does have a very modern tax structure, solely taxing income generated
within its fiscal territory. Income earned from term deposits and savings
accounts placed at Panamanian or foreign banks in Panama is also free from
taxation.
Likewise, invoicing and
handling of commercial documents dealing with direct shipments of
merchandise not coming to Panama is considered as foreign business for tax
purposes.
Panama has fostered all
aspects of offshore services, international banking and commerce,
promoting attractive advantages, which coupled with aforementioned tax
benefits and reasonable costs, makes it an ideal offshore center.
INTERTRUST is your
offshore management solution in Panama. With years of experience
and a solid team of dedicated professionals, we offer top quality services
in the following areas:
- Offshore corporations and all related corporate services
- Private foundations and related administrative services
- Registration of ships under Panamanian flag
Other international administrative services
offered by INTERTRUST include:
- Invoicing, re-invoicing, handling of letters of credit and all related commercial documentation
- Registration of P. O. Box, telephone and telefax numbers; mail forwarding, transmittal of telefaxes and answering telephone calls, through shared or dedicated lines
- Registration of electronic mail address. Sending and receiving electronic mail
- Limited accounting and bookkeeping services
- Coordination of electronic commerce
|
 |
