Panama Company - Corporate Environment Summary

Panama Corporation has been recognised across the world as offshore vehicles that can be successfully used in a variety of International Business, carry out commercial and industrial activities.

Panama IBC, is a limited liability company which conducts its trading and business outside the Panama and is intended for offshore activities. It takes up to 4 days to incorporate a company in Panama.

The Directors of the company may be of any nationality and may reside anywhere. At least three directors are required and there is no requirement to appoint a local resident director.

The Shareholders of the company may be of any nationality and may reside anywhere. At least one shareholder is required, this can be the same person as one of the directors. There is no upper limit to the number of shareholders and a shareholder can be a person or a corporation