For more than eighty years now the Panamanian Sociedad Anónima SA is renowned worldwide as a vehicle employed successfully in a great number of estate planning structures for international asset protection.
Panama
Panama
Special characteristics of the Panamanian Sociedad Anónima SA
- Establishment within 24-48 hours
- Panamanian companies may act irrespective of the nationality of their directors and shareholders.
- Income generated by a Panamanian corporation outside the territory of Panama is tax-exempt
- Authorized capital must not be paid up completely or in part
- There is no need to deposit financial reports or tax declarations with government bodies in the Republic of Panama if the company has no income from Panamanian sources
- Legal persons of decision-makers can be used as directors and shareholders of a Panamanian Sociedad Anónima SA
- There is no need to hold annual meetings of directors or shareholders
- Directors and shareholders may hold their meetings personally via voting proxies or by any other electronic means
- Three directors are either natural or legal persons
- Shares may be issued to the owner. The name of the shareholders will not need to be published in order to be recorded in the Panamanian public register
- A company may do business and have assets in any part of the world.
- Panamanian companies are authorized by law to do legal business all over the world
- There is no exchange of data with other authorities
