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  • cheuk ying Register Hong Kong company
    Tel:4000-888-928

    Panama Company Introduction

    2014波色特码生肖诗 > English > Offshore >

    2014波色特码生肖诗 www.160282.fun INFORMATION


    Panama does not impose taxes on any income or dividends generated by sources outside the country, even if the operations are handled from offices established in Panama. The corporation which does not carry out business in Panama, or which operates outside of Panama from an office located in Panama is not obliged to file an Income Tax Return form.
    Panama has no exchange control nor currency restrictions. The Balboa is the legal currency which has the same value as the United States Dollar. The United States Dollar is also used as legal tender.
    Panama does not impose any sanctions nor restrictions upon income accumulated by a corporation which does not carry out business in Panama, therefore, the payment of dividends may be delayed for an indefinite time.


    Panama Corporations Law (Law No. 32 of 1927) is ample and flexible. No significant amendments had been made to this law since its adoption.


    Panama has excellent facilities, air and maritime services.

     

    REQUIREMENT


    Company Capital


    Panama Corporations do no require paid-in capital. There is no time limit in which Authorized Capital must be fully paid. The standard capitalization for a Panamanian Corporation is US$10,000.00. Par and Non-par Value Shares, voting and non-voting shares, as well as various other categories and classes of shares are allowed


    Organizers, Directors and Officers


    .    Two local persons are usually appointed to act as the organizers and subscribers for incorporation purposes.


    .    A minimum of three directors is required. The names and addresses of these directors is part of the public record and therefore nominee directors are usually appointed at incorporation and we provide this service.


    .    Panama offshore companies require officers for the position of President, Treasurer and Secretary. These may be natural persons, corporations or other entity. An officer may hold more than one position, but the President and Secretary should not be the same person. There is no maximum to the amount of officers appointed. The Director can be an officer of the company.


    Reporting Requirements


    There are no reporting requirements for non-resident Panamanian companies.

    Taxation


    .    Non-resident Panama corporations are 100% tax-free on its activities outside of Panama.


    .    An annual corporate franchise fee of US$250.00 is charged to maintain the company in good standing.


    .    You should have a local Registered Agent in Panama for your Panama IBC. This service is included in our start-up package and Annual Service Fee, starting from the second and each subsequent year of Panama Incorporation.


    Records and Accounts


    .    The documents for Panama offshore incorporation are filed with the Mercantile Registry and the names and addresses of the directors are a matter of public record. (Nominee directors are customary).


    .    No books or records have to be kept by an offshore Panamanian company. If such books or records are kept, this may be done anywhere in the world.


    .    There is no requirement to prepare, maintain or file financial statements. If the directors decide to maintain such accounts, they may be done anywhere in the world.


    .    A Stock Register must be kept by law. The register contains the names in alphabetical order, place of domicile and date of acquisition of shareholders, other than the holders of Bearer Shares. This register may be held anywhere in the world.


    .    A Book of Minutes should be kept, but may be kept anywhere the director chooses.


    FEES


    Incorporation Fee: RMB9700.00


    Inclusive of:  


    .    Official registration fee to the Panama Government


    .    1 year registered agent and registered address


    .    Certificate of Incorporation


    .    Memorandum and Articles


    .    Appointment of the First Director


    .    Share Certificate


    .    Register of Shareholders and Directors


    .    1 Company Seal and Signature Chop


    .    Minutes of Director Board Meeting



    Annual Fee:


    RMB7000.00


    Inclusive of:


    1. 1 year of registered agent and registered address


    2. Official fee to BVI Government

     

    For company incorporation date on: Annaul Fee due on:
    January to June by June of the year following and every year thereafter.
    July to December December 31st


     


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