Description

Panama IBC Taxation

• Non-resident Panama Corp. is **0% tax-free on its activities outside of Panama.
• An annual corporate franchise fee of US$**0.*0 is charged to maintain the Panama IBC in good standing.
• You should have a local Registered Agent in Panama for your Panama IBC.
• Full exemption from taxation on any business activity or transaction carried on outside of Panama. 
• Reasonable formation and maintenance costs and fees. 
• No minimum nor maximum capital requirements. 
• Minimum registration fee on capital. 
• Corporations may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose. 
• The shareholders, directors and officers may be of any nationality and may be residents of any country. Neither the directors nor the officers need be shareholders. 
• Shareholders and/or directors may hold their meetings in any country and they may attend such meetings by proxy.