PANAMA CORPORATIONS : PANAMA CORPORATIONS www.asg-legal.com What is a Panama Corporation: What is a Panama Corporation Panama Corporations offer you the opportunities of build your own company for low cost prices, it also offer you a very easy way to manage your business without complications such as taxes, paperwork, employs etc. www.slogold.net Benefits: Benefits we take care of all the paperwork for you at ASG LEGAL S.A. is a serious Panamanian law firm legally constitute which are qualify to deliver what you need. Our experience is the complements necessary for you to improve your business. PowerPoint Presentation: Exemption from income tax on foreign source income earned or came from another country other than Panama. According to Panamanian tax laws, there is no obligation to pay income tax for the following activities, considered offshore, to develop a partnership, Directors and Officers of a Panamanian corporation may be of any nationality and be domiciled in any country need not be Panamanian or have to reside in Panama. PowerPoint Presentation: A single person can own 100% of the shares representing the entire share capital of a Panama corporation after its incorporation and registration, without the company losing its legal personality. Panamanian corporations can have any lawful purpose and can develop any commercial or industrial activity. The objectives of the society need not be expressly stated in the Articles of Incorporation, as the Law on Corporations Panamanian allows the creation of companies whose articles of incorporation contains objectives. Requirements: Requirements According to the law, the Articles of Incorporation of Corporations or Corporations must contain, among other things: The name of the Corporation The name and address of subscribers The objects to which society may engage Social capital, amount, distribution and classes of shares shareholding, and so on. The duration of the company, which can be perpetuated The name and address of the directors and officers The name and address of resident agent www.aviabiz.com SOCIAL CAPITAL: SOCIAL CAPITAL Panamanian corporations do not require a paid-up capital to be valid after its incorporation and these companies may issue shares as registered shares. When the shares of the company are issued to bearer, the contribution to social capital for those shares is presumed paid. Annual Tax: Annual Tax the first flat rate will be the lesser of $ 250Panamanian corporations are required to pay an annual tax for the amount companies of 300.00 USD. Only .00.