Be advised that a resident
agent is not considered the same nor has the same
obligations as the Registered Office of other jurisdictions.
Corporations must keep a
Stocks’ Register Book and a Minutes’ Book, while the opening
of these books should be done at a Notary, to ascertain the
book’s opening date.
Corporations not planning to
do business within the Republic of Panama are not required
to obtain a commercial or industrial license from local
authorities and can then operate as Offshore Corporations,
outside or from Panama.
OTHER USE: INVOICING OR "RE-INVOICING" IN PANAMA
One way to obtain the tax
benefits of a Panamanian offshore corporation is through its
use for invoicing or “re-invoicing”. As indicated in
Panama’s Taxation Code, the term refers to the activity of
invoicing from an office in Panama (belonging to a
Panamanian Corporation, the sale of products or merchandise
at a price greater than that originally charged or invoiced
to the office or corporation in Panama. And, as long
as the goods or products stay outside Panama, income
resulting from this activity is not subjected to income tax
in Panama since it is considered to be an offshore
Our Law Firm offers this
invoicing service so, from Panama, your clients abroad may
receive an invoice for an amount greater than that initially
issued and delivered by your company (in your country) to
the Panamanian corporation. Our fees will depend on the
amounts of the invoices and the sums involved.
For further questions on this subject,
please contact us. We will be glad to assist you