Panama Financial Companies

Panama Offshore Company is a very popular and well regarded offshore corporate vehicle. When issued with a Financial Services License, it becomes a unique and valuable structure for clients interested in corporate financial activities.

This have proven particularly popular for those looking to set up offshore financial services companies. A license from the Ministry of Commerce can be obtained which can allow the company to provide such financial services as Payment Processing, Factoring, Leasing, Precious Metals Trading, Bill collecting and related services, Foreign Currency Trading, Debit & Credit Cards, Trading in Gold, Silver, Platinum plus other activities which can be added on request.

Main Advantages:
Registered in Panama, a established international banking center with more than 100 banks. The entity is tax exempt on any income derived from activities outside Panama. The license is readily available within about two weeks. A certified English translation with apostille is also included alongside the original Spanish original.

Main Disadvantages:
Not a financial institution as such. This company should mainly be used for payment processing, usally for a financial entity registered in another jurisdiction. These licenses still do not allow the company to engage in securities (brokerage or investment fund), savings and loan (financiera) or fiduciary (trust company) services which are regulated differently and all require a different type of license with minimum capitalization (usually $500,000) and public audit requirements. The Panamanian government is very serious about this.