Corporate Profile
Welcome to our website.
We are a professional team of different specialists - lawyers, auditors, accountants, real estate agents working together on issues such as the opening of the Panama Corporations and Panama Private Interest Foundations, corporate and personal bank accounts in Panama, the Immigration and Naturalization services, investments and more.
Passing on our own experience all of the above transactions, we have selected the best specialists in each field. We will give a particular specialist to each specific situation who is really professional. If it is an audit or annual tax return that you need to obtain a mortgage, it will be one person, but if the question of naturalization, it will be an immigration lawyer, which specializes only on these is ... [+]
Structure of Panama Private Int ...
Panama Private Interest Foundation has a Founder, a Foundation Council, a Protector and Beneficiaries.
Founder: The Founder is the person or entity that establishes the Foundation in the Public Registry of Panama. In case, if you can not physically be in Panama for the formation of the Foundation, we can provide service of Nominee Founder of Panama Private Interest Foundation. If one wants to be the Founder of Panama Private Interest Foundation he must be physically in Panama to appear before the public notary to sign the Founding Act. It is important to say that the Founder of the Foundation, once it is registered in the Public Registry, can not be changed.
Foundation Council: The Council of the Foundation has the same function as the board of directors or officers in the corporation. In the Public Registry names, addresses, and identifications of the Foundation Council members are inscribed, indicating the position of each, as President, Secretary and Treasurer, who may be natural persons or legal entities. If the Foundation Council is composed by individuals, requires three (3) members of the Foundation Council. If the Foundation Council is composed by legal persons, it requires only one member of the Foundation Council. We offer the "Nominee Council" to complete the positions of the Foundation Council, and thus provide additional privacy and confidentiality to you. When we name the Nominee Council, we a ...[+]
06/03/2015
No changes planned to tax evasion penalties
Although it is one of the recommendations of the Financial Action Group (Gafi), Panama will not alter its tax evasion laws to include possible prison sentences.
Currently, tax evasion is punishable by administrative sanctions.
In response to a decision by Gafi to place Panama on its grey list, the government has issued a list of proposed changes to fight money laundering and other financial crimes. But the criminalization of tax evasion was not on the list.
These measures are contained in an action plan agreed to in June by Panama and Gafi, an intergovernmental entity that sets standards and promotes the implementation of legal, regulatory and operational measures to combat money laundering.
Gafi made 40 recommendations to Panama. The organization will continue to monitor Panama's progress in meeting the standards of the organization.
The exclusion of Panama from the grey list depends on the implementation of the action, something that could happen this year.
The government has resisted making tax evasion a criminal offense because some officials fear that the Revenue Department could then be used against political opponents.
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Panama Account, Marca Registrada, 2014-2024