Las Visas en Panamá según la Actual Ley Migratoria de Panamá

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El Decreto Ley 3 de 22 de febrero de 2008 que regula el régimen migratorio panameño, con respecto a las entradas y salidas de los nacionales y de los extranjeros de la República de Panamá, menciona los requisitos para adquirir la nacionalidad panameña por naturalización.

Las Visas que se dan o se permiten en Panamá actualmente son las siguientes:

A- Visas de No Residente
Se le dan al extranjero que esta de paso o solo viene de visita sin deseos de establecer a Panamá como un lugar para establecerse permanentemente. Esta visa aplica a Turistas, Pasajeros en tránsito, marinos y a personas que visiten el país por corto tiempo.

B- Visas de Residente Temporal
Son para el ciudadano extranjero o a sus dependientes que quieran ingresar a Panamá por razones laborales, culturales, educativas, religiosas, humanitarias y de reagrupación familiar por un período de hasta seis (6) años, salvo en aquellos casos en que las leyes especiales y los convenios internacionales establezcan otros períodos.

C- Visas de Residente Permanente
Es para el extranjero o a sus dependientes que quieran permanecer en Panamá, luego de transcurrido el período de dos (2) años, salvo en aquellos casos en que las leyes especiales y los convenios internacionales establezcan otros períodos.

D- Visa de Personal de Sede de Empresa Multinacional

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Acerca de Las Sociedades Anónimas en Panamá

Las sociedades anónimas panameñas pueden ser organizadas por dos o más personas mayores de edad (quienes pueden ser panameños o extranjeros), así como entidades jurídicas, para cualquier propósito lícito para lo cual los subscriptores o incorporadores suscriben por lo menos una acción cada uno, del capital social autorizado de la sociedad anónima en formación.

El objeto social es amplio, se permite dedicarse a cualquier negocio lícito. No se requiere la suscripción del capital ni tampoco el desembolso para iniciar sus actividades. Los negocios pueden llevarse a cabo en Panamá o en cualquier parte del mundo. No se exige un número determinado de accionistas, las acciones pueden ser al portador.

La ley no exige correlación alguna entre el capital desembolsado y el valor de los bienes de la sociedad. Los directores y dignatarios pueden ser de cualquier nacionalidad. Se requiere la coincidencia de tres personas naturales para integrar la junta directiva. Las reuniones de la junta directiva y de accionistas pueden tener lugar en cualquier país del mundo. Las sociedades sólo pagarán impuestos sobre la renta en Panamá por los ingresos de actividades lucrativas que se realicen en el país. Cualquier ingreso obtenido fuera de Panamá no paga impuesto sobre la renta.

Requisitos para la organización de una compañía panameña:

- El nombre de la sociedad.
- Los objetos específicos de la sociedad.
- La cantidad del capital social autorizado
- El tipo de acciones
- La ley requiere un mínimo de tres (3) directores, Los nombres completos de los primeros dignatarios:
- Nombre y dirección del Agente Residente
- Domicilio de la Sociedad

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About Bank Accounts in Panama

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Panama is a major international banking center (IBC's), second in the world to Switzerland. Many companies in the world open bank accounts or brokerage accounts in Panama because Panama Banks and Brokers offer financial privacy from their home governments tax authorities. The banks in Panama do not report to your local government as do the banks in the USA, Canada, England and many other countries. All interest income or capital gains income is tax free in Panama and there are no reporting requirements to the Panamanian government. Plus, Panama banks offer higher interest rates on savings accounts, checking accounts, and CD’s ( time deposits ). Some banks offer up to 6% annual interest on savings accounts, and up to 8.5% on time deposits ( CD’s ).

Most Panama banks and brokers offer the same types of services that your local broker offers now. You can invest in CD’s (time deposits) with the banks or invest right back into stocks, bonds, mutual funds, options, money markets, etc. on the markets you are used to dealing with ( NYSE, NASDAQ, AMEX, Toronto, Vancouver, London, Hong Kong, etc.). They offer access to your account information and funds through Visa Credit Cards, Visa Debit Cards, ATM Cards, Checkbooks, and Internet banking or brokerage services.

The banks and brokers we deal with are major, reputable, registered and insured international banks and brokers, so your funds are totally safe. Panama has one of the most advanced banking infrastructures in the world today.

In some cases people establish personal offshore accounts, we recommend that our clients establish a corporation in Panama with a corporate bank or brokerage account (or both). You are appointed as the sole signatory on the account so you maintain complete control over your funds. Panama corporations provide you with total anonymity and confidentiality. Panama corporations offer "Bearer Share Certificates" and "Nominee Directors", plus there are no taxes or reporting requirements to the Panamanian government. There are many advantages of Panama corporations.

Bearer shares enable you to own a corporation without anyone knowing you own it because the shares of the corporation are not registered to you, rather they are registered to "The Bearer". In other words, they are like cash and can be passed from one person to the next without having to re-register them or report it to anyone. We send you the Bearer shares once the corporation is established.

Nominee directors for the corporation are provided by our legal staff so that you do not have to appear at the Panama Public Registry when the corporation is established. By using nominee directors, you remain completely confidential and anonymous. We provide you with pre-signed, undated letters of resignation from the nominee directors so that you can replace them at any time through another Panamanian attorney if you wish to do so. The nominee directors have no control over the corporation or your funds and they are only there to fill in the blanks on the corporations articles of incorporation at the Public Registry. The nominee directors can also be used to sign contracts, agreements, or sign for any other type of transaction that you wish to engage in.

Contact us: info@panamalegalconsultants.com

About Panamanian Trust

According to article 694 of the Fiscal Code, the income earned by any person, either an individual or a corporation, from sources outside of Panama, is exempt from taxes. Our legislation expressly provides that the following transactions are not subject to income tax in Panama:
- Distributing dividends from income earned by a company when that income is produced or earned abroad.
- Directing or managing, from an office located in Panama, operations and transactions that are executed, completed or take effect abroad.
- Invoicing to a company abroad, from an office located in Panama, the sale of goods for an amount greater than that at which said goods were invoiced to the office located in Panama, provided those goods are handled exclusively abroad.

The most important features of the Panamanian trust are:
- Article 37 of Law No.1 expressly guarantees the confidentiality for the execution of the trust. It provides that the trustee and his representative or employees or any other person involved in the execution of the trust must uphold the secrecy of the operation. The violation of this provision is penalized with imprisonment of up to six (6) months and a fine of up to US$50,000.
- The trust shall be created in a private document, with the only formality that the signature of settlor and trustee must be authenticated by a Panamanian Notary, so confidentiality is guaranteed. It is not necessary that the trust be executed in a public deed or be registered in any public register unless real property located in Panama is given in trust.
- The trust can contain any lawful clause as the needs of the settlor may require. According to articles 5 and 9 of Law No. 1, the trust may be created for any purpose provided it is not contrary to the law or public policy.
- The trust is not perpetual unless so is stated by the settlor in the trust. The trust should have its duration expressly stated. Also, it may be revocable or terminated before its expiration if it is so provided by the settlor in the trust agreement.
- Both the settlor and the trustee and/or beneficiary may be a corporation. They do not need to be individuals.
- To be consistent with the tax principles already mentioned, Law No.1 expressly states that the acts of executing, modifying and terminating a trust as well as the transfer, conveyance or encumbrance of trust funds and the income or interest produced by the assets and properties given in trust are exempt from all taxes, contributions, assessments or encumbrances, provided the trust involves the following assets:
Also, the Fiscal Code exempts from income tax:

1. The interest paid by banks located in Panama to their customers for savings accounts and time deposits kept in Panama;

2. The salary or fees earned by Directors, Officers and Executives of Panamanian corporations located abroad. These benefits have made of Panama the tax haven that it is today

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About Panama Private Interest Foundation

Is a legal entity that was developed based on the Private Interest Foundation models from three different jurisdictions including the Principality of Liechtenstein, Switzerland, and Luxembourg. The Panamanian Government carefully designed the Panama Private Interest Foundation with the intentions of creating a more modern, more flexible, and more affordable estate planning vehicle for people from around the globe. The assets of the Panama Private Interest Foundation take on a separate legal identity from the personal assets of the Founder, Protector, Council, or Beneficiaries.

The Panama Private Interest Foundation offers clear advantages for international estate planning, providing the ultimate in privacy, anonymity, and protection to the Protectors, Founders, and Beneficiaries of the Foundation. The Panama Foundation is a solution to a global need for an affordable, anonymous, flexible, private, estate planning vehicle that can be used to hold assets such as corporations, trusts, bank accounts, investment accounts, real estate, or any other type of asset.

Foundations come into existence upon registration in the Public Registry. No approval from any public authority is required. Law No. 25 of June 12, 1995 regulates them.

Panama Foundation Include:
Panama Foundation + Nominee Directors and General Power of Attorney
+ All apostilled Spanish and English corporate documents
+ Offshore Corporate Brokerage Account

For Only $1000 + Taxes (Courier)

Please contact us: info@abogadosconsultorespanama.com

About Panama Corporations

Panama corporations can be used for establish and own bank or brokerage accounts, international trade, to settle trusts or foundations, or hold ownership of real estate or any other type of asset. The Panama corporations in some cases are formed for very private and confidential business transactions such as the movement of funds to another jurisdiction for the protection of the assets. For more info, please contact us: info@abogadosconsultorespanama.com

Most other offshore jurisdictions, have bowed down to recent legislation that has begun the removal of bank secrecy in those British colonies around the globe. Panama is a totally independent nation, not governed or controlled by any other country in the globe and offers the most strictest banking secrecy laws available in the world, therefore providing legal protection to your assets and your identity through the private banking transactions and the confidentiality of corporate business.

Benefits of Panama Offshore Corporations:
- No reporting requirements.
- Direct control of business with complete confidentiality. Names of beneficial owners are not publicly available.
- No filing of changes to ownership schedule after registration.
- A legal address is not required for a Panama offshore corporation.
- No Citizenship or residency requirements of Owners, Directors and Officers.
- Stockholders' and Directors' meetings may be held anywhere in the world.
- Capital Shares may be issued in a nominative form, or to "Bearer" / the ideal protection of the Corporation owner's identity and total privacy.
- Funds and accumulated offshore profits can be deposited or invested in any country in the world without taxation in Panama.
- No Paid-In Capital at all.
- 3 Officers. Directors / natural persons for the Panama corporations.
- Officers and Shareholders may be of any nationality and resident of any country.
- Directors names and identifications must be presented in the public registry when the panamanian corporation is formed.

For purposes of confidentiality an as an optional service for the Panama corporations our office may provide "Nominee Directors". For this reason our clients prefer we provide nominee directors / officers. We deliver our clients with pre-signed, undated letters of resignation from our nominee Directors in our Panama corporation packages so that our client can replace them at any time.

* Panama offshore corporation Include : Panama corporation + Nominee Directors and General Power of Attorney + All apostilled Spanish and English corporate documents+ Offshore Corporate Brokerage Account
For Only $1000 + Taxes (Courier)

Contact us: info@abogadosconsultorerspanama.com

Procedures of Panama Offshore Corporation

Two or more persons of full age, of any nationality even though not domiciled, nor physically present in the Republic of Panama, form the corporation for any lawful purpose. Law #32 of 1927 imposes no restrictions upon ownership of shares by foreign citizens or corporations, nor are there any nationality restrictions nor residence requirements imposed upon directors or officers of Panamanian corporations under the said law.

Panama offshore corporations are formed through nominee incorporators in Panama, who execute the basic instrument (Articles of incorporation) before a Notary Public of Panama registered at the Public Registry office.

Articles of Incorporation may be executed anywhere, within or outside Panama, in any language, as long as the signatures are certified by a Notary Public, or by any other public officer at the place of execution thereof their signatures having to be legalized by a Panamanian Consul or apostilled.

Contents of Articles of Incorporation are prescribed by Article 2 of Law Number 32 of 1927, and may be summarized as follows:

- Name and domicile of subscribers or incorporators.

- Name of corporation, (not to be the same nor similar to that of another existing corporation in Panama), and shall include a word, phrase or abbreviation to indicate that it is a corporation. We request several possible names in order of preference, to avoid expenses and delays in communications.

- General purpose(s) for which the corporation is organized, i.e., commercial, shipping, trading, tourism, etc., and which may be ample and general.

- Proposed capital structure or authorized capital, including number, classes of shares, whether with or without par value, whether bearer or nominative (registered) shares, and if there are to be shares of different classes, number of shares in each class, designations and relative rights, preferences and limitations thereof.

- Authorized capital and par value of shares may be expressed in the currency of any country.

- Number of shares that each of the subscribers agrees to take.

- Domicile of the corporation, which may be in Panama or elsewhere, as well as name and domicile of its Resident Agent in Panama who must be an attorney or an attorney's firm.

- Duration of corporation which may be perpetual.

- Full names and addresses of at least three directors.

- Any other lawful clauses. It is usual practice to include full names of the first officers of the corporation consisting of at least a President, a Secretary and a Treasurer, as this affords a considerable time saving.

info@abogadosconsultorespanama.com