Panama

The Republic of Panama is located in the centre of the American Continent and lies between Costa Rica to the north and Colombia to the south. It has a growing banking and insurance sector. There are no restrictions on foreign investments or exchange control. Panama is one of the oldest offshore centres in the world and has a strong professional infrastructure as well as favourable commercial secrecy laws. As an established tax-friendly investment and offshore financial services centre, Panama also possesses the world’s principal yacht and ship registration.

Exempt Non-Resident Corporation

The provision of Corporate Law of Panama has enabled it to make the Panama Corporation a preferred vehicle for foreign investors. The law imposes minimal reporting requirements, as well as simple and fast incorporation procedures. This corporate vehicle is very cost-effective because of the low government fees and it is not subject to exchange controls or currency controls. If Bearer Shares are issued they must be fully paid up.

Geographic location:
Central America

Population:
2,820,000

Native Language:
Spanish, English

Currency:
Panamian Dollar

Political Status:
Parliamentary Democracy

Legal System:
Based on Spanish Civil Law

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