Panama Offshore
Companies & Services

Panama’s Offshore Jurisdiction

Why should you consider Panama?

Panama is one of the most renowned and popular offshore jurisdictions worldwide. It is a beautiful, tropical country with a dynamically developing economy. While Panama is one of the richest countries in Central America, it is still relatively affordable; its excellent geographic location ensures easy access to all of the Americas and Europe.

Offshore Services

We offer an arrange of Offshore services for the Panama Jurisdiction.

Panama Offshore Company Formation

International Business Corporation
Limited Liability Company
Private Interest Foundation

Panama International Business Corporations (IBC) were created by Law 32 on February 26th, 1927 for both: offshore business operations and legal protection of assets and identity.

Currently, Panama is the registered domicile for over 500,000 Panama corporations and foundations, which makes it one of the most popular jurisdictions to incorporate in the world. The main advantage of a Panama IBC is the fact that Panama corporations do not pay taxes on offshore income derived from sources outside of Panama. Moreover, Panama has taken several steps to modernize its economy and promote offshore investments. There are no exchange controls or currency restrictions. Panama is FX, Cryptocurrency and fintech friendly.

Benefits

  • Tax free income
  • Privacy
  • Quick and easy process
  • Cryptocurrency and FX friendly
  • Shareholders can be a legal person from any country and domiciled anywhere in the world
  • No citizenship or residency required
  • Asset protection
  • Protection from inflation
  • Can be created remotely
  • Require only one shareholder

Panama Limited Liability Companies (LLC) were created by Law 4 on January 9th, 2009. The main task of these companies are to carry civil and commercial activities in Panama or anywhere in the world, while also providing limited liability to its owners and partners. The fiscal environment of these companies allow the elimination of taxation of business profits from the company.

LLC has some similarities to IBC. Both are legal entities and they limit a member’s responsibility to his participation as a shareholder or partner. However, the IBC can provide participation privacy – for this reason, IBCs are also known as Anonymous Corporations. The LLC Managers and Partners names must be publicly disclosed in all registration documents (usually a requirement in a partner’s country of origin), thus providing more transparency.

Benefits

  • No minimum capital required
  • Tax free
  • Transparency
  • Asset protection
  • Quick and easy process
  • Cryptocurrency, fintech and FX friendly
  • Shareholders can be legal persons from any country and domiciled anywhere in the world
  • No citizenship or residency required
  • Can be created remotely

Private Interest Foundations (P.I.F.) were created in Panama by Law 25 on June 12th, 1995 to protect asset entities such as: shares of corporations, investment accounts, real estate, bank accounts and others.

Many investors choose to establish a P.I.F which can hold their assets, instead of keeping said assets under their personal name. Such actions have multiple benefits: asset protection, estate planning, privacy and passive income, to name a few. The Panama Foundation can also be used to transfer funds offshore, to receive funds from another country, or for passing family assets from one generation to the next while avoiding inheritance taxes

Under Panamanian laws, the assets held in a Panama Foundation are non-sequester, and non-embargable, meaning that the assets cannot be seized, or have liens placed on them, in the event of a lawsuit (as long as it’s not a criminal case; this protection applies only to those assets held within the Panama jurisdiction).

Benefits

  • Anonymous ownership
  • May be set up remotely
  • No business license required
  • It does not impose any reporting requirements or taxes
  • They may have effects from the date of their constitution or after the death of the Founder

Panama Residency Opportunities

Having a second residence brings many benefits: the possibility of living abroad, access to international schools, the ability to keep your funds private, protection of your capital and (in many cases) better taxation.

Panama will provide you with all this and what’s more, will allow you to live in a beautiful, tropical country with a dynamically developing economy. While Panama is one of the richest countries in Central America, it is still relatively affordable. Its excellent geographic location ensures easy access to all of the Americas and Europe.

Friendly Nations Visa
Pensionado Retiree
Reforestation Visa

The Friendly Nations Visa offers citizens of 50 countries one of the most appealing programs in obtaining permanent residency in Panama. By simply proving financial and economic solvency, applicants can become a permanent resident within 6 months.

Qualifying countries
AndorraArgentinaAustraliaAustriaBelgiumBrazilMexicoParaguayPortugal
CanadaChileCosta RicaCroatiaCyprusCzech RepublicTaiwanUnited States of AmericaUruguay
DenmarkEstoniaFinlandFranceGermanyGreat BritainSpainSwedenSwitzerland
GreeceHong KongHungaryIrelandIsraelJapanSlovakiaSouth AfricaSouth Korea
LatviaLiechtensteinLithuaniaLuxemburgMaltaPolandSan MarinoSerbiaSingapore
MontenegroNetherlandsNew ZealandNorwayMonaco

Requirements

Applicants must have a valid passport, valid second ID and provide:

  • Recently issued, apostilled/authenticated national criminal background certificate – valid for 6 months
  • Financial solvency through opening a personal bank account in Panama (minimum of USD 5,000 for individual accounts, minimum of USD 8,000 for joint accounts)
  • Economic Solvency: please choose one of the following:
    1. Opening a Panamanian corporation (USD 1400)
      Securing a job in Panama (must provide work contract stamped by the Labor Office of Panama and the company’s business certificate)
      Ownership of titled property in Panama with a minimum value of USD 50,000
  • Applicants may submit applications together with family members such as: their spouse, dependent child up to age of 25, and/or parents.

Benefits

  • Possibility to apply for a work permit
  • You can enjoy the territorial tax system
  • Dependent Applicants will also receive lifelong resident status
  • Quick and easy process
  • Eligibility to apply for citizenship after maintaining residency in Panama for 5 years

Requirements

Applicants must have a valid passport, valid second ID and provide:

  • Recently issued, apostilled/authenticated national criminal background certificate – valid for 6 months
  • Financial solvency through opening a personal bank account in Panama (minimum of USD 5,000 for individual accounts, minimum of USD 8,000 for joint accounts)
  • Economic Solvency: please choose one of the following:
    1. Opening a Panamanian corporation (USD 1400)
      Securing a job in Panama (must provide work contract stamped by the Labor Office of Panama and the company’s business certificate)
      Ownership of titled property in Panama with a minimum value of USD 50,000
  • Applicants may submit applications together with family members such as: their spouse, dependent child up to age of 25, and/or parents.

Benefits

  • Possibility to apply for a work permit
  • You can enjoy the territorial tax system
  • Dependent Applicants will also receive lifelong resident status
  • Quick and easy process
  • Eligibility to apply for citizenship after maintaining residency in Panama for 5 years
The following countries are eligible for the Panama Friendly Nations Visa

Andorra, Argentina, Australia, Austria, Belgium, Brazil, Mexico, Paraguay, Portugal, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic Taiwan, United States of America, Uruguay, Denmark, Estonia, Finland, France, Germany, Great Britain, Spain, Sweden, Switzerland, Greece, Hong Kong Hungary, Ireland, Israel, Japan, Slovakia, South Africa, South Korea, Latvia, Liechtenstein, Lithuania, Luxemburg, Malta, Poland, San Marino Serbia, Singapore, Montenegro, Netherlands, New Zealand, Norway, Monaco

The Pensionado Retiree Visa is one of the easiest and most affordable programs, dedicated to applicants from every country! By simply proving your monthly pension, you can become a permanent resident of Panama within 6 months.

Requirements

Applicant must have valid passport and provide:

  • Recently issued, apostilled/authenticated national criminal background certificate – valid for 6 months
  • Recently issued, apostilled/authenticated pension letter stating your receive at least USD 1000 per month for life – valid for 6 months.
  • Applicants may submit applications together with family members such as:
    1. Their spouse (main applicant must receive an additional USD 250 per month)
      Dependent children (main applicant must receive an additional USD 250 per month per dependent), children will only obtain residency up to the age of 25.

Benefits

  • No need to open a bank account
  • Available for all nationalities
  • Quick and easy process
  • You can enjoy the territorial tax system
  • Eligibility to apply for citizenship after maintaining residency in Panama for 5 years
  • Relatively cheap option

The Reforestation Visa program is a great option for citizens of countries who are not on the Friendly Nations List.

With a minimum investment of USD 80 000 in an approved reforestation project covering a minimum of 5 hectares of land, applicants can obtain permanent residency in Panama in 3 years.

Requirements

Applicants must have a valid passport, valid second ID and provide:

  • Recently issued, apostilled/authenticated national criminal background certificate – valid for 6 months
  • Proof of direct investment in reforestation project of at least USD 80 000 and 5 hectares of land
  • Evidence of funds wired from abroad for the investment
  • Investors may submit applications together with family members such as: their spouse or dependent child up to age of 25. Main applicant must provide additional USD 2000 per dependent, in Reforestation investment (funds will be removed from your account for yearly maintenance fees)

Benefits

  • You can enjoy the territorial tax system
  • You support the ecosystem and the efforts to create a cycle of replanting and harvesting trees
  • Under Panama’s forestry visa, all hardwood harvested is exempt from export, capital gains and real estate taxes for the first 25 years. You also can obtain special tax deductions if you have taxable liabilities in Panama
  • Eligibility to apply for citizenship

Panama Offshore Bank Services

Offshore Bank Accounts
Brokerage Accounts
Available Brokers

Panama is often chosen by investors and entrepreneurs who want to freely regulate their assets and ensure their safety. Panama’s banking system is considered one of the most stable in the world and has a strong position in international banking center circles.

Benefits of opening a bank account in Panama:

  • The ability to invest in foreign stocks, government bonds and mutual funds that may not be available in your country of residence
  • Protection of assets
  • Privacy
  • Panama Offshore Bank accounts are not subject to any tax by the Panamanian Government.
  • The US dollar is the official currency of Panama
  • International stability and legal certainty
We offer aid with the following services:
  • Personal bank account
  • Corporate bank account

The Panama Stock Exchange (BVP) was created in 1989, and held its first trading session in June 1990.
The BVPSI Index is a major stock market index, which tracks the performance of the biggest companies listed on the Panama Stock Exchange.

Selecting a Panama’s Brokerage House will bring you the benefit of having investment options in the local stock exchange as well as international exchanges such as USA, Canada, Hong Kong and more.

How to choose the right Panama Broker

Below you can find a few requirements your broker should meet:

  • Have reasonably sized customer support
  • Fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Ability to get deposits and withdrawals processed within 2 to 3 days.
  • International presence in multiple countries. This includes local seminar presentations and training.
  • Have a history of at least 2 years.

Some available brokers include:

MMG Bank is a financial and strategic advisory company founded in 1996. In 2005 they obtained a brokerage license and the year after became a member of the Panama Stock Exchange.

Currently, MMG Bank holds banking, brokerage and fiduciary licenses and their platform allows access to financial instruments in Panamanian and global currencies.

Moreover, clients have access to the regional markets of El Salvador, Costa Rica and Nicaragua, as well as major international stock exchanges like the United States (New York Stock Exchange and NASDAQ), London, Germany, Canada, Japan and Shanghai.

This Panamanian broker is supported by the prestigious financial group Multibank.

They provide institutional and individual services like: investment accounts, custody, fixed income funds, stock trading, CFDs, ETFs, etc.

Multisecurities provides access to all worldwide markets through its alliances with Barclays and Saxo Bank.

This local broker has a solid international profile and specializes in investment funds, investment management, alternative investments, corporate finance and trade.

Their counterparts and service providers (e.g. Pershing LLC – A Bank of New York Mellon Company, Latinclear – Central Latinoamericana de Valores and Old Mutual International – OMI) ) allow for access to both local and international capital markets.

This company has also partnered with software providers such as NetX360, Bloomberg, Brokerware, Maestro, Advent and Worldcheck, which offer the transparency needed to properly service client accounts.

Sweetwater Securities has signed DVP agreements with over 50 global financial institutions that provide timely execution services in fixed income securities via the OTC market.

BG Valores is another broker connected to the banking network. It is a member of the Banco General group and is extremely respected and trusted by the citizens of Panama. This brokerage firm gives you the opportunity to open an investment account in US jurisdictions (through its partners) and trade internationally.

Valores Banistmo is a classic broker specialized in online trading which allows investments in a wide variety of stocks and investment funds.

This brokerage firm is a member of Banistmo and part of the Bancolombia group, a Latin American financial entity operating in the market for 140 years. Bancolombia is listed on the Dow Jones Global Sustainability Index and is a Colombian financial institution listed on the New York Stock Exchange (NYSE).

Geneva Asset Management is a Panamanian brokerage house founded in 1999. It is a member of the Panama Stock Exchange and correspondent of Pershing, a BNY Mellon Company. Its main shareholder is Grupo Aliado.

The firm uses BNY Mellon Company as its main platform for the custody and management of international investments, which allows it to open the account for the client directly in this institution. In this way, the customer benefits from the financial strength of this custodian (AA- rating), the SIPC insurance and one of the best “back office” and technological platforms in the industry.

Currently, BNY Mellon maintains $1.65 trillion in custody and has some of the world’s largest banks and the U.S. government among its customers.

Geneva Asset Management has access to any security listed on almost any stock exchange around the world. Additionally, they maintain relationships with leading bond traders and fund managers in Europe, Latin America and the United States. Thanks to their strong position in the Panama Stock Exchange, they also have the ability to negotiate and safeguard Panamanian securities.

BAC is a professional brokerage account establish 29 November 2000 and authorized by Superintendencia del Mercado de Valores de la Republica de Panama

BAC Valores is a member of BAC International Bank, Inc.

They offer a wide variety of services to individuals and institutions in both: the local and international market

Global Valores, S.A. is a brokerage firm established under the laws of the Republic of Panama in 2003, authorized and regulated by the Board of Trustees of the Republic of Panama Stock Exchange. This company is a wholly owned subsidiary of Global Bank Corporation and mainly deals with securities brokerage and offers investment management services to its own investment companies and third parties.

Andbank launched its brokerage operations in Panama in 2010, and is regulated by the Superintendencia del Mercado de Valores de la Republica de Panama. This broker is currently present in 11 countries and offers a wide range of services on the local and international capital markets.

Panama investment Opportunities

Panama has become a popular center for foreign investment due to its stable political environment, pro-business government, developing real estate market and growing economy. There are several ways to invest in Panama, including government bonds, real estate, funds, business creation and many more.

Residential Panama Real Estate

The real estate market in Panama is growing faster than in any other Central American country. This is because the market is extremely extensive and includes Caribbean and Pacific beaches, uplands, rainforest, islands and mountains. In addition, this jurisdiction offers several benefits for construction projects (tax exemption for example).

New residential construction valued up to $120,000 gets 20 years of property tax exoneration. Construction ranging from $120,000 to $300,000 gets 10 years of property tax exoneration, and anything above $300,000 gets five years.

Gold

In Panama you can easily make an investment by purchasing gold certificates, gold bars and/or invest in gold mines by buying shares in companies that own them.

Government and Private Bonds

Since its creation in 1990, the Panama Stock Exchange has been instrumental in Panama’s development as a regional financial center. Most transactions relate to government bonds. The exchange is the only US dollar-based securities market in the region. There are about 100 companies listed on the exchange.

Cryptocurrency

The market for buying and selling bit-coin has increased in recent years and currently Panama is one of the countries in Central America with the largest offer of cryptocurrency exchange.

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