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| INTRODUCTION |
The Republic of Panama is located in the center of the American Continent and lies between Costa Rica to the north and Colombia to the south. Panama is one of the oldest offshore centers in the world and has a strong professional infrastructure.
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| LAW AND TAXATION |
The provision of Corporate Law of Panama has enabled it to make a Panama Corporation the preferred choice of foreign investors.
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| CORPORATE REQUIREMENTS SUMMARY |
- Corporate indicators that are acceptable are "Sociedad Anonima", "Corporation", "S.A.", "Corp.", "Inc."
- The words "Limited" or "Ltd." are not suitable unless followed by one of the above
- Use of the words "Trust", "Bank", "Insurance", "Fiduciary", "Reinsurance" or any of their derivatives is restricted
- The Minimum number of directors is three (3) and corporate entities may act as directors
- Every company must have a Resident Agent in Panama
- Resident Agents are empowered by law to pay annual franchise duty, to obtain notarization and registration of corporate documents which must be recorded at Public Registry Office
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| **CSC does not provide legal or financial advice** |
