Panama
Advantages of incorporation in Cyprus |
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Company type |
Limited Liability Company |
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Directors/Officers |
Minimum Three Directors-members, allowed non-resident |
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Shareholders |
Minimum one |
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Authorised share capital |
No minimum requires, usual authorized USD 10,000 |
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Accounts |
Panama companies are not obligated to prepare or file accounts. However, the companies must keep sufficient records of financial transactions which will determine their financial position with reasonable accuracy. | ||||||||||||||||||||||||||||||||
Taxation |
Panama International Business Company does not pay any tax on its worldwide profits to Panama authorities. | ||||||||||||||||||||||||||||||||
Double-tax avoidance treaties |
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Timeframe for incorporation |
3-4 weeks |
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Description of incorporation documents |
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Price of Panama Limited Liability Company |
2000 Euro, including General POA in the name of Ultimate Beneficial Shareholder and first year nominee and administration fees. |
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Cost of annual support services |
1700 Euro, including full Nominee Service (Registered Address, Director, Secretary and Shareholder costs) and renewal of General POA. |
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Disclosure of Beneficial Ownership to Authorities |
Confidentiality is maintained as long as the company and its ultimate beneficial owners are not involved in any criminal activity. |
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Information and Documents required in order to register Panama company |
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