News and Insights

In the last two decades the once war-torn political pariah has become a rising economic giant. It is one of the most popular Offshore Financial Centres with more that 45,000 offshore company registrations per year. This is not surprising given the low rates, flexibility and choice within Panama's Financial Services industry and there are some 80 general and international banks. The corporate law of Panama contains provisions similar to those of the corporation law of the state of Delaware in the USA. Companies can be registered in a short period of time and pay no taxes on foreign operations conducted wholly outside Panama. Interest earned from deposits with any bank in Panama is specifically exempted from tax. Confidentiality is highly prized in Panama with criminal sanctions having been enacted for unauthorised disclosure of confidential information. As part of the Colon free-trade area, Panamanian companies are particularly attractive for those wishing to trade with the USA, Brazil and the rest of the region. Europa is able to offer both shelf and tailored Panamanian companies, together with our standard nominee and management services. Please contact us for further information.