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Asset Protection.
Income Tax Reduction or elimination. No reporting requirements (since Panama has a territorial tax system, while the income is earned offshore or from exempt sources, such as interest on bank accounts, then the corporation is not required to present tax returns or audited accounts). Funds and accumulated offshore profits can be deposited or invested in any country in the world without becoming subject to taxation in Panama. The company is not required to file any changes to ownership schedule, after the registration is complete, which means that only the directors of the company will know who the owners are. There are no Citizenship or residency requirements or restrictions with respect to Owners, Directors and Officers of the company. Offshore Services Last edited by Offshore; 11-29-2009 at 05:06 PM.. |
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LinkBack to this Thread: http://www.italkcash.com/forum/offshore-companies-trusts/168188-panama-corporations.html
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