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Many people like to incorporate offshore company

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Incorporate business in Panama

in an independent offshore jurisdiction and if you are one among them then you need to consider the option of Panama Company which can be incorporated under the corporate legislation. Name of Panama company can be chosen in any language but it needs to have the legal endings like corporation, incorporation etc. Name needs to be unique and it must be different from already reserved or existing names.

It is necessary for the Panama companies to have registered office address and an agent who is law firm or an attorney. Head office address can belong to any other country. Shares of the company can be given to other companies and individuals even if they are not residents of Panama. Minimum 1 shareholder is necessary along with minimum share of USD 100.

Board of Directors are necessary
It is necessary for every Panama Company to have board of directors and minimum 3 of them are required. Residents from different countries can be made directors. Board of directors further make appointments of officers, secretary, and others. No officer should be a director and he/she can be from any country.

Authorized Capital
Standard capital of USD 10,000 needs to be there and it can be divided in to 100 shares. Panama Company is exempted from all the local taxes if it operates its business outside Panama and this includes the capital gain tax, income tax, dividend tax and others.

Annual Fees
Companies working in Panama have to pay the renewal fees on annual basis after their first year. Information about owners and shareholders is not public and it is kept confidential. However names of officers and directors are made public and they are available publically. No statutory requirements of audit and accounting are available for the Panama companies and directors can keep the records which they want to keep. Annual meeting are not necessary and directors can call the meetings on their own will even the annual meeting.

Benefits of Panama Company

If income gets received out of Panama they all the local taxes gets exempted
Annual support is inexpensive
Minimum paid up capital in not a binding
You don’t have to file the owners and shareholders information to the Public Registry
Office and it is not made available publically.
You can make any individual or entity a shareholder.
There is no foreign exchange control

You can easily incorporate Panama Company as it is easy to incorporate and manage and you will get lots of facilities along with a good earning. If you are looking for the best offshore business then Panama Company is the best choice for you from which you need to take full advantage. You will not have to face the strict legislations and that is the reason people who have started businesses in Panama are finding them great and they are making huge earning out of them. You can also use the great opportunity to make good earnings for you and your family.
 
As soon as everything has settle down and time has past things will be good again and people will be able to have their business in Panama for same reasons as they had before the leak. Now there must be found solutions and some people and companies will have to pay the price for the leak and go to prison.. but later no one ever think about it again.
 
Only $10k primary capital needed to get a company? Awesome!!
Benefits of having Panama company also looking great. Definitely will go for it.
Where do you see 10k primary capital? Most often you don't need any share capital to be paid in!
 
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I'm reading all what I can find about to setup and register a company in Panama but the information I find is not confirming if it's still good to incorporate a business in Panama or if it is something left from the past! Does someone know and can help me in my decision to establish a business in Panama please?
 
With so many ideas that I have found here on the forum and all the information from where I learned how to setup and offshore Company and how to incorporate my business for instant in the Seychelles I can only say. If you don't know what to use your offshore Company for or why you would like to use an entity for online business then you don't need it.

I have been so happy with my corp. already that I don't want to think about how it would have been if I didn't found this place!
 
I know every situation is different, I come here looking to be pointed in correct direction, I am still researching merits and fees for each jurisdiction to make balanced business decision. I require offshore llc also offshore bank account that is able to accept multiple card payments from multiple locations . I am also interested in adding extra layer of protection by way of forming trust. Any up to date advice or pointers in direction of solid information will be appreciated
 
The problem starts always where you want to accept credit card payments for your business. There are Visa and MasterCard regulations that bind your company to a certain Visa/MC region.

That means, if you are a US company then you need a US merchant account say with authorize.net it is not possible to apply for an account in Europe!

So to start with you will need to be clear where your customers are coming from and where it would strtegily best to place your offshore company, then (and before you setup a company) you will need to figure out what options you are left with in regards to accept credit cards online.

You can forget about Seychelles and Belize! Most often as you may have read here already, people are looking into BVI, Malta, Cyprus and the UK. BVI is too complicated to setup and I would not recommend you to go that route.

On a side note, you can forget about privacy if you are looking for a merchant account in a real setup, it will not work.
 
Thanks. Customers are coming from US, UK, Australia, small amount Europe and Middle East. It is a really mixed bag. I feel the UK and Cyprus are a no for me, lost money in Cyprus once bitten twice shy and all that.
 
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Go with a St. Vincent Company and banking with EuroPacific then. You could also do as many have done already go with services like WorldCore, LeuPay, AdvanceCash and fly under the radar. I can't teach you here how to do that but an upgrade to Mentor Group can teach you all details and how to go about it. The same goes for 100% anonymous offshore company that is untraceable.
 

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