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POPSPanama Bearer Share Corporation Under Panama law a S.A. corporation (bearer share corporation) can be owned by the physical holder of certificates of stock with no recorded owner in any database or public registry. In fact the government does not even know who the owners are of the bearer share corporation.
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POPSTax Implications of Banking in Panama Banking in Panama is a powerful asset protection technique, but it also has tax implications. Except for the $300US/year corporation renewal there are no taxes to be paid.
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POPSFoundations Generally, a Panama company owned by a Panama foundation, which owns a bank account is considered the ultimate asset protection strategy. It is stronger than the old swiss numbered bank accounts. Many people ask why they need a corporation and not just a foundation.
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POPSBenefits of an Offshore Foundation Using foundations in Panama is the best way to maintain secrecy and privacy. If you use a foundation to hide your corporation and assets, it is as close to a guarantee of asset protection that you will get.
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POPSThe Panama IBC Company For those interested in setting up an offshore company, it is worthwhile to take a look at establishing an International Business Corporation in Panama. Panamanian IBCs have several features, some unavailable to IBCs incorporated in other countries.
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POPSSpecific Legalities With Corporations For more than seventy years now, Panama has always had special rules set aside for corporations that fall under the Panamanian Company Law. This law refers to each corporation as a person and does not distinguish between whether this person does his business in Panama or in another country.
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