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Panama Virtual Office Solution for your Panama Corporation

Panama Virtual Office Solutions For International Business Corporations  .  Panama Shelf Companies

REQUEST A LIST OF PANAMA SHELF COMPANIES HERE.

• Panamanian corporations are NOT subject to income tax from income earned outside Panama.   This pertains to profit from the trading of currency, precious metals, securities and notes.
• Shield assets from a lack of proper due process and from frivolous lawsuits, and unconstitutional confiscation.  In fact, a lawsuit must be litigated again in Panama.
• A Panamanian corporation costs around $850.  Expect to pay about $400 in annual registered agent fees
• Bearer shares are permissible.  A bearer share is like a dollar bill.  The person holding possession is in control.  Transfer the corporation by transferring handing over the bearer shares of the Panamanian corporation.
• Name of the corporation:  Insurance, Trust, Bank and Foundation are not permitted in the name of the corporation. 
• Inc., Corp., Incorporation and Corp. is permitted in the name.
• English names are permitted.   Consider these abbreviations:

Consider these words as part of your Panama company name:

Associates, Group, Software, Technology, Source, Venture, Service, Holding(s), Enterprises, Continental, Associates, Advisors, Investment Group, Partners, Shipping, Online, Marketing, Industrial, Development, North American, South American, Latin, Latin American, European, UK, Worldwide, International

Words you cannot use for a Panamanian corporation:

Limited or LTD.  This is so the company is not confused as an LLC.  In addition, you can't have a name that portrays a licensed industry (Casino, Bank, Finance, Assurance, Insurance, Trustee, Cooperative, Credit Union, as some examples.

• Corporations are formed with Directors, President, Secretary and Treasurer. 
• Nominee Directors and Nominee Officers are common.
• You attorney, and his/her partners, will form the entity.  At least two persons are necessary to form the corporation.
• Once the corporation is formed, your attorney(s) are on record as the person(s) who formed the corporation.  Anyone can ask who are the directors and this is openly available.  Nominee Directors can be changed at any time.
• The corporation must issue shares to these two people.  The shares are then assigned in bearer form, or to you directly.
• Your attorney is required to have your real contact information and a copy of your passport.
• The power of attorney is provided by the two persons listed in the articles, so you can open accounts and sign contracts.

WE FOUND A COMPETENT LEGAL COUNSEL IN THE FORMATION OF PANAMANIAN CORPORATIONS:

LIC. ROBERTO I. GUARDIA R.

ORILLAC, CARLES & GUARDIA, Abogados-Attorneys at Law

Ave Samuel Lewis y Calle 58

P.H. Torre ADR Technologies, Piso 7, Office 7-A

Apartado 0816-04373

Panama 3, Republica de Panama

E-mail: rig@orcag.com

Website:  http://www.orcag.com

Office:  507.263.3917

Cell:  507.612.5429

Fax:  507.263.3924

PANAMA BUSINESS TIP #1:  When paying out a substantial expense, take close notice of the entity described on the receipt.  You want it to be the person with which you're doing business in Panama; not some corporation in the Bahamas.  This may be okay; however, if you trust the person with which you are doing business.  All income generated outside Panama is tax free.

PANAMA BUSINESS TIP #2:  Once you find a reliable attorney in Panama, ask for a reliable real estate broker, banker, or anything else you may need.  People are careful only to send their clients to reliable and trusted contacts.  You'll be rarely disappointed.  There's no BBB in Panama that we know of.  Personal relationships and trust mean everything.

PANAMA BUSINESS TIP #3:  Don't criticize openly.  Resentments run deep when you embarrass people in Latin America.  They hold grudges.  Loyalty is a big issue in social and business.  In the U.S., criticism is taken with a grain of salt and people usually get over it in business.  In contrast, Latin American business deals with much more ego.  Bruise an ego and you're headed for trouble.

PANAMA BUSINESS TIP #4:  Personal attention and care means a great deal.  Show unconditional positive regard and enthusiasm.  Follow up after the sale.  The personal touch, relationships, loyalty and trust mean much more in Latin America business.

PANAMA BUSINESS TIP #5:  Generosity goes a long way, especially if you're a foreigner in Panama.  Sharing expendable resources tears down impersonal barriers and creates good will.  The dividends will be repaid many times over with helpful suggestions and people will look out for you.

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