Panama Offshore Legal Services Blog

New Restrictions of Panama Bearer Shares

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In August of 2013 the National Assembly of Panama passed Law 47 adopting a system for custodial care of Panama bearer shares.

Panama bearer shares are stock certificates issued by Panama corporations with no name of either an individual or a legal entity. Panama bearer shares simply contain the word “Bearer” on their corporate stock certificates. This means that anyone possessing a Panama bearer share is the owner. Panama bearer shares can be given to anyone who will automatically become its new owner. Continue reading »

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6 Steps to Create a Panama Corporation

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Creating a Panama corporation is simple. Follow these 6 steps to create a Panama corporation online without the need to come to Panama. Continue reading »

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Law 47 Passed: Panama Corporation Bearer Shares to be Restricted

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On August 6, 2013, the National Assembly of Panama passed Law 47, which once it goes into effect two years from now, will require that everyone in possession of Panama corporation bearer shares to designate an authorized custodian to take possession of the bearer shares. An authorized custodian could be a licensed bank, a Panama attorney (or law firm), Panama fiduciaries, or brokerage houses regulated by the Superintendence of the Panama Securities Market. Continue reading »

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