5–7 working days. Territorial taxation and strong privacy.
Established financial center with robust banking sector and corporate privacy laws.
Includes:
– Corporation
– Territorial taxation system
Advantages:
– No tax on foreign income
– Bearer shares permitted
– No exchange controls
Note:
– Public records: Yes
| Jurisdiction | Panama |
|---|---|
| Incorporation time | 5-7 working days |
| Setup fee (From USD) | 1550 |
| Annual fee (USD) | 1530 |
| Corporate tax | 0% on foreign income |
| Withholding taxes | None on foreign income |
| Entity type | Corporation |
| Public records | Yes |
| Audit required | No |
| Minimum directors | 3 |
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