With a high degree of privacy, Panama International Business Corporations are frequently used by those persons and companies which regard anonymity as an important element of the their affairs.
Panama offshore companies operate in one of only a handful of countries that have not become subject to recent legislative moves to remove the veil of secrecy surrounding the beneficial ownership of banking corporations registered there.
This suggests that the strong anonymity provisions will remain unchanged in the future.
Similar to other offshore companies, all profits and gains accrued on activities outside Panama will not be taxed in the country.
Complete Formations are required by UK law and regulations to carry out due diligence on persons or corporate bodies incorporating an offshore company through us.
These procedures would normally require the production of a copy of the principle company officer’s passports and proof of address.
Given the risks of illegal trading, especially within the Panama jurisdiction, we are confident that our customers will appreciate and respect the enforcement of these regulations.
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