Panama Corporation

Author: aaroah sunil

Panama corporations are growing in popularity everyday. Panama corporations have a lot of advantages associated with them. The major advantages that such companies offer is that of confidentiality and security, not to mention the obvious cost benefits.

Under Panamanian law, Panama corporations are exempted from reporting requirements. Also all business processes undertaken outside the territorial limits of Panama will not be subject to taxation. Panama Corporations also have the added benefit of a minimal government fee of just $300.

One of the most unique qualities of a Panama Corporation is that there is no opening capital requirement for it. The company can be started with as little capital as possible. The government also has no restrictions with foreigners controlling or forming such Panama Corporations.

Another unique feature of Panama Corporations is that they are allowed to issue shares in the bearer form. This means that the ownership of the share lies in the hands of the holder. This allows a greater degree of confidentiality as no names are involved.

Some other advantages of such corporations are that they are allowed to have their shareholders’ and directors’ meetings anywhere in the world. There are no requisites regarding the meetings having to be held in the head office or registered office, etc. Also, there are no geographical restrictions as to where the books of accounts need to be kept. Furthermore, there are no restrictions about the registered agent having to keep any records at all.

These are some of the major reasons for these corporations becoming so common in the recent past.

About the Author:

Kiren Raj is an expert when it comes to Indie Clothing and Vintage Tees.

You can also purchase the Ames bros .

Article Source: ArticlesBase.com - Panama Corporation