There are no reporting requirements for non-resident Panamanian companies.

Taxation

• Non-resident Panama corporations are 100% tax-free on its activities outside of Panama.
• An annual corporate franchise fee of US$250.00 is charged to maintain the company in good standing.
• You should have a local Registered Agent in Panama for your Panama IBC. This service is included in our start-up package and Annual Service Fee, starting from the second and each subsequent year of Panama Incorporation.

Records and Accounts

• The documents for Panama offshore incorporation are filed with the Mercantile Registry and the names and addresses of the directors are a matter of public record. (Nominee directors are customary).
• No books or records have to be kept by an offshore Panamanian company. If such books or records are kept, this may be done anywhere in the world.
• There is no requirement to prepare, maintain or file financial statements. If the directors decide to maintain such accounts, they may be done anywhere in the world.
• A Stock Register must be kept by law. The register contains the names in alphabetical order, place of domicile and date of acquisition of shareholders, other than the holders of Bearer Shares. This register may be held anywhere in the world.
• A Book of Minutes should be kept, but may be kept anywhere the director chooses.

FEES

Incorporation Fee: USD1,300.00

Inclusive of ：

? Official registration fee to the Panama Government

? 1 year registered agent and registered address

? Certificate of Incorporation

? Memorandum and Articles

? Appointment of the First Director

? Share Certificate

? Register of Shareholders and Directors

? 1 Company Seal and Signature Chop

? Minutes of Director Board Meeting

Annual Fee:

USD800.00

Inclusive of:

1. 1 year of registered agent and registered address

2. Official fee to BVI Government

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