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:
Other international administrative services offered include: