Why Should You Create An IBC In Panama?

Have you ever considered keeping your operational costs down with an offshore business model? In that case, the formation of an International Business Corporation (IBC) in Panama may very well be what you need.

Setting up an IBC in Panama is a great option since this small Central American country offers reliable banking solutions and has regulations written into its constitution that supports businesses and their owners. Thanks to its business-friendly framework, Panama has carved out a niche as the premier global financial center.

Still not convinced? Let's take a look at some of the reasons why you should set up an offshore company in Panama.

• It can be set up from anywhere: Many business owners who are considering creating an IBC assume that they will have to pack up and move to the country to establish residency, but there is no requirement for a business owner to live in Panama. What's more, conducting business outside of Panama does not require additional licenses or operational notices.
• The incorporation process is very efficient: It does not really cost much to establish an offshore Panama company and to become an incorporated business. There is also no need to deposit or pay registered capital on a schedule. Compared with other jurisdictions, Panama is competitive in just about every area. What’s more, the entire process is completed quickly, usually within four to five business days.
• Panama values privacy and has mechanisms in place to safeguard: The identities of individuals who set up an IBC in Panama are kept under wraps. Even if an individual does not want their name listed on the incorporation certificates or official contracts, that is fine.
• The funds are always protected: Among the most common reasons for creating an IBC is security. Because these accounts are so well fortified, offshore bank accounts in Panama are a secure place to store money.

Setting up an IBC in Panama is an easy process. Partner with an offshore banking service provider today and enjoy all the perks and privileges the "Crossroads of the World" has to offer.

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Created on May 11th 2020 08:23. Viewed 281 times.

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