HIGHLIGHTS OF PANAMA

• Excellent corporation law
• Flexible company law
• No taxes levied on offshore and banking transactions
• No exchange control regulations
• Political and economic stability
• Serviced by major world airlines
• Excellent hotel accommodations
• Excellent worldwide communication facilities
• Skilled personnel
• No capital gains, income or other kinds of taxes

PANAMA OFFSHORE COMPANY FEATURES
General
Type of Company	Non Resident
Type of Law	Civil
Shelf company availability	Yes
Our time to establish a new company	2 days
Corporate Taxation	Nil
Double Taxation Treaty Access	No
Share capital or equivalent
Standard currency	US$
Permitted currencies	Any
Minimum paid up	US$1
Usual authorised	US$10,000
Directors
Minimum number	Three
Local required	No
Publicly accessible records	Yes
Location of meetings	Anywhere
Shareholders
Minimum number	One
Publicly accessible records	Optional
Location of meetings	Anywhere
Company Secretary
Required	Yes
Local or qualified	No
Accounts
Requirements to prepare	Yes
Audit requirements	No
Requirements to file accounts	No
Publicly accessible accounts	No
Recurring Government Costs
Minimum Annual Tax / Licence Fee	US$400
Annual Return Filing Fee	Nil
Other
Requirement to file annual return	No
Change in domicile permitted	Yes