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ARTICLE · 04 NOVEMBER 2016

Panamanian Corporations: Their Usefulness, Advantages And Benefits

FABREGA MOLINO
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The law on Panamanian corporations, adopted in 1927, is a version of the corporation law of the State of Delaware, United States, and since its enactment, has been widely used by the international financial community...

PanamaWealth Management
Juan Pablo Fabrega Polleri
Juan Pablo Fabrega Polleri

INTRODUCTION

The law on Panamanian corporations, adopted in 1927, is a version of the corporation law of the State of Delaware, United States, and since its enactment, has been widely used by the international financial community due to the multiple advantages and benefits that these corporations offer in the achievement of offshore operations, among other purposes, as well as for the freedom, flexibility and ease in their handling.

Panamanian corporations are chartered mainly to operate and carry out commercial and industrial activities; acquire properties; limit the personal liability in the performance of business transactions that imply risks, or to structure the payment of taxes in foreign jurisdictions on profits from commercial transactions. Thus, Panamanian corporations buy yachts in Mediterranean and oil tankers in Asia, own bank accounts in Switzerland and Miami, buy merchandise in the Far East and set up trusts over properties located in Egypt or London.

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