Learn about the benefits of create an IBC in Panama:

Among the benefits that are specifically enjoyed are the following:

Panama offers complete tax exemption on foreign source income and on transactions carried on outside the Republic of Panama, even though it is managed from Panama.
The companies are not required to file annual accounts
They only have to pay an annual fee within 3 months of incorporation and on every anniversary thereafter
These corporations can conduct business and exercise their powers from foreign countries.
They can borrow money, incur in liabilities in connection with their business or for any lawful purpose, issue bonds, promissory notes, bills of exchange and other debentures
Panamanian corporations cannot be forced to divulge confidential information to the country's or foreign authorities
Bearer shares are allowed
If the company has a bank account, the identity of the bank account holder cannot be divulge, unless deposits are guarantees of assets and the accounts are under investigation by the Superintendency
There are no exchange controls in Panama, and corporations may transfer funds with complete freedom
Transactions may be carried out in any currency
Two natural or legal persons, not necessarily residents in Panama, can act as shareholders and directors.
There is no minimum of share capital
The books, records, account, etc., may be kept by electronic means and can sit anywhere in the world

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