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Panama Foundations
ASSET PROTECTION WITHOUT THE HYPE!
This website is designed to provide accurate information on a number of subjects important to those contemplating retiring, making investments or doing business in the Republic of Panama without the "hype" associated with other offshore websites.
Why Offshore in Panama
The Panamanian government encourages investment from both foreign and national investors, by offering numerous tax and financial advantages to companies involved in business activities in Panama. The Panama Constitution guaranties private property and freedom of investment and all national and foreigners have equal protection under the Constitution of Panama.
The Republic of Panama bases its income tax system on the territoriality principle, as opposed to worldwide taxation method used in some countries including the United States of America. In fact, under U.S. tax laws, the worldwide income of any U.S. citizen or resident alien is subject to tax. It doesn't matter if you're living in the United States or overseas, the Internal Revenue Service wants its percentage.
Because of Panama's territorial taxation all income derived from business activities within the territory of Panama is subject to income tax while income arising from foreign sources is EXEMPT. Dividends are not subject to income tax in Panama. If you are a U.S. citizen or resident looking for offshore protection click here to view this article.
Geography has always been important to Panama as well as political stability and an open economy. Communications, transport and construction are strong in Panama; and all business in Panama is done in U.S. dollars.
How to invest in Real Estate in Panama
We offer legal services to investors who want to purchase Panamanian real estate with absolute security. We specialize in extensive land title searches to make sure your real estate investment is free of liens, debts or unpaid taxes. We make sure your investment is secure, legal and correctly titled.
We guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way, including offering legal advice as to how to best protect your real estate investment from possible civil litigation or tax issues that you might incur in the future. Read more
Panama Corporations
A
Panama corporation is one of the most preferred corporations in the
world, because Panama has some of the most flexible and private incorporation
laws worldwide. Panama corporations are used to protect assets,
as well as to minimize taxation on assets; in addition, a corporation can be formed in a few days and provides privacy and confidentiality.
Another attractive aspect of a Panama corporation is they can be used to protect many different types of assets: real estate, bank accounts, trusts and foundations. A Panama corporation can be used for international trade as well as for the movement of funds to offshore bank accounts.
Law 32 of 1927 allowed for the formation of corporations in Panama known as "sociedad anonima." Under this law, a corporation may be formed for any lawful purpose by two or more persons (natural or judicial) of any nationality whether or not they are domiciled in Panama. A Panama corporation can engage in any kind of lawful business and exercise rights in any part of the world. A Panama corporation may own real estate, industrial property, copyrights, patents, and trademarks, intellectual property, maritime vessels, etc.Read more