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A.
General Information About
Panama Foundations
B. Panama
Foundation Facts
C.
Panama Foundation Tax Information
D.
Panama Foundation Law
E.
Procedures for Establishing a Panama Foundation
F.
Exclusive Panama Foundation Package Offer
G. Complete
Offshore Structure Package Offer
H. Renewal
and Taxes Notice
I. Annual Entity
Tax Form
B. Panama Foundation Facts
· Second Most
Popular Jurisdiction in the World: Panama is the
registered domicile for over 400,000 corporations
& foundations, making it the second most popular
jurisdiction to incorporate in the world, next to
Hong Kong.
·
No Reporting Requirements or Taxes: Panama
does not impose any reporting requirements or taxes
for Panamanian Foundations.
·
No Piercing the Corporate Veil: Panama does not
allow "piercing the corporate veil", so
your Foundations books are maintained 100% private
and confidential by law.
·
Anonymous Ownership and Control: The Protector
and Beneficiaries need not be publicly registered.
Panama Foundations Protectors can be appointed through
a Private Protectorate Document, and the Beneficiaries
can be appointed through a Private Letter of Wishes,
written and signed by the Private Protector.
·
No Capital Requirements: Panama Foundations
do not require Paid-In Capital.
·
Directors: Every Panama Foundation must have
a council (same as directors of a corporation), who's
names and addresses are registered in the public registry.
The council members can be either individuals or entities
of any nationality and resident of any country. If
the council is made up of individual persons, then
it requires 3 council members (President, Secretary
and Treasurer). If the council is an entity, then
only one council member is required.
·
Nominee Foundation Council: We offer our clients
the optional service of using our "Nominee Council"
for their Foundation(s). For purposes of confidentiality,
most of our clients prefer that we provide nominee
council members for their Foundations. When we appoint
nominee council members for the Foundations that we
establish for our clients, we always provide our clients
with pre-signed, undated letters of resignation from
the council members so that our client can replace
those council members at any time. There is no additional
fee for the use of our nominee council.
·
Directors or Beneficiaries Meetings: Annual
general meetings of council members of the Foundation
are not mandated or required. However, if meetings
are held, they can take place anywhere in the world
by proxy - via telephone, email or other electronic
means. Any resolutions passed are valid regardless
of whether they are signed on different dates or in
different jurisdictions.
·
Corporate Books: The Registered Agent is not
required to keep any records for the Foundation, however,
it is recommended that every Foundation should maintain
a minute (council meeting) record book, which can
be held anywhere in the world.
·
Annual Corporate Franchise Tax: Panama corporations
& foundations should pay a low annual corporate
franchise tax of US$250 to remain in good standing.
The deadline for the tax payment depends on when the
entity was formed. If the entity was formed from 1
January to 30 June, then the tax is due on the 30th
of June. If the entity was formed from 1 July to 31
December, then the tax is due on the 31st of December.
If the tax is not paid on or before the due date,
the entity be charged a late penalty of US$50.00 .
If
the tax is not paid after the following "deadline"
period, the entity will be charged a second late penalty
of US$250.00.
·
Convenience: It is not necessary for the interested
parties to be present in Panama for the purpose of
establishing a Foundation. We can handle everything
for you without you having to come to Panama.
·
No Business License Requirement: Panama Foundations
DO NOT require a commercial business license to operate
internationally.
·
Re-Domiciliation: Foundations from other jurisdictions
may be "re-domiciled" to Panama, and vice-versa.
Many people who have corporations in jurisdictions
such as Liechtenstein, Switzerland, and other jurisdictions
are currently re-domiciling their Foundations to more
affordable, private and secure jurisdictions such
as Panama.
·
Corporate Seal: A Foundation seal is optional.
We also offer Foundation seals if you want one. Please
see our Fee Schedule for pricing details.
·
Legal Address: When registering a new Panama
Foundation, it must have a legal physical address
that is included in the articles of incorporation.
Our law firm provides a legal physical address as
Resident Agent and Registered Office.
Order
Now or Contact Us Today!!
Tel
(Panama): ++(507)236 8303
Tel (Panama): ++(507)236 7069
Tel (Panama): ++(507)236 6286
Fax (Panama): ++(507)236 7150
Toll Free Voicemail / Fax (USA): 1-800-716-3452
Note:
If calling to Panama from the US or Canada, you must
dial "011" prior to the country code (507).
Email:
info@pos-inc.com
Encrypted Email: posinc@hushmail.com
Physical
Address:
POSI,
Inc.
Ave. Ricardo J Alfaro,
Sun
Towers, 1st Floor, Office # 39
Panama City, Republic of Panama
PO
Box Address:
POSI,
Inc.
PTY 296, PO Box 0832 - 2745, WTC
Panama City, Republic of Panama
©
Copyright 2000, 2005 Panama Offshore Services, Inc.
All rights reserved. No part of this publication may
be reproduced, stored in a retrieval system or any computer
network, or transmitted, in any form or by any means,
electronic, mechanical, electro-optical or otherwise
without the prior written permission of the copyright
holder for which written application should be made.
DISCLAIMER:
Panama Offshore Services, Inc. is not a bank, nor
does it provide banking services. Panama Offshore
Services, Inc. offers international company formation,
corporate administration services, and bank/broker
introductory services and account opening assistance.
Panama Offshore Services, Inc. is not a brokerage
firm, and does not offers invenstment services. This
website is only used for promotional marketing purposes
of Panama Offshore Services, Inc. and is not intended
to portray that this is the site of a bank.
FURTHER
DISCLAIMERS & NOTICES
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