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All About Company Formation in Panama.

If you are looking for a place to invest in then Panama will be a great fit. As opposed to how you might be taken round in circles in other countries when you want to start a company, this is not the case in Panama. You will not find another place with great investment rules like Panama in the whole world. Company registration in Panama will not take you more than two weeks. There are many countries where even the natives are not able to complete the process in such a time. This process does not require you to present yourself in person for the process to process which makes it even more better for you. You will not have to submit your accounts to the government and you can hold your board meetings in any part of the world. If you are planning to set up a business in a foreign country, you will not find a place that offers you a great deal than this. Also, you will not have to worry about double taxation if you are doing business in Panama. The country has a territorial system and if you are making money from a company outside of Panama then you do not have to pay taxes. This is a great way for you to drive down the tax burden and save more of your profits so that you can grow your companies.

It is also worth noting that when you are working in Panama you will find a high-level of protection for the assets you acquire. Having a holding company is crucial if you have invested in various parts of the world and whether it is real estate or other forms of assets, you can trust that your firm in Panama will be your holding company. This ensures that the investments do not turn out to be a liability in the long-term. There is also confidentially extended to you regardless of the field you are working in. You may also choose to remain anonymous in case you buy shares in a particular company. A lot of countries around the world will require you to make the information public. Your Articles of Incorporation does not have to carry the company objectives. There are secrecy laws in the banks which means it is illegal for your financial accounts to be presented to another party. Also, there are no mutual legal assistance treaties (MLAT’s) between Panama and any other country. The government allows corporations to exchange money freely and even make remittances to accounts that are offshore. There is no an issue of having part of your money taken by the government just because you want to send it to an overseas account or you want to get your money in various currencies.

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