Our Company Services
Services we DO and Services we DO NOT DO
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly registered and licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency business activities.
TBA & Associates Tax Business Advisors Limited does not carry out any sort of Cryptocurrency Business Trade
- 1 Holding Companies
- 2 Panama
- 2.1 Company Formation Services Company Registration Services
- 2.2 Incorporation in Panama
- 2.3 BENEFITS
- 2.4 Other Advantages of Panamanian Corporations
- 2.5 Panama Holding Company
- 2.6 Advantages of Panama Holding Company
- 2.7 Panama Company Information Type of Company for International Trade and Investment
- 2.8 Procedure to Incorporate
- 2.9 Restrictions on Trading
- 2.10 Language of Legislation and Corporate Documents
- 2.11 Registered Office Required
- 2.12 Name Approval Required
- 2.13 Time to Incorporate
- 2.14 Name Restrictions
- 2.15 Language of Name
- 2.16 Names Requiring Consent or Lisence
- 2.17 Suffixes to Denote Limited Liability
- 2.18 Disclosure of Beneficial Owner to Authorities
- 3 Compliance
Company Formation Services
Company Registration Services
Incorporation in Panama
International investors, financiers and businessmen find Panama an ideal foreign base country for world-wide operations and transactions. Panama taxes according to the territoriality principle (that is, it does not tax foreign-source income), only the income produced locally is taxable, disregarding the citizenship of the taxpayer. Dividends are not included as income subject to income tax.
Due to its structure, geographical position, political stability and characteristics of its economy, Panama has become one of the most important tax havens of the Western Hemisphere. It has excellent international transportation and communication systems; the United States Dollar has been a currency of legal tender for more than ninety years.
Panama has taken several steps to modernise its economy and promote foreign investment. Most Panamanian and foreign investors choose to form Corporations. There are no exchange controls, currency restrictions or reporting requirements, and Panama imposes no limits on monetary transfers to and from the country.
– No reporting requirements.
– It is possible to keep a business under direct control while maintaining complete confidentiality. Names of beneficial owners are not publicly available.
– It is not required to file any changes to ownership schedule, after the registration is complete.
– It is not required to maintain a legal address.
– No Citizenship or residency requirements or restrictions with respect to Owners, Directors and Officers as with most other tax havens.
– 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 becoming subject to taxation in Panama.
– One person might hold all three positions of a President, Corporate Secretary and Treasurer.
Other Advantages of
– Ultimate financial privacy
– Asset Protection
– Income Tax Reduction, or elimination
– No inheritance, succession or gift taxes
– Protection from inflation
– Reduction in legal liabilities
– Reduction in operating expenses
– Freedom from currency exchange control
– Local Government concessions, subsidies and support
– Data on Owners and Directors is not publicly available and remain confidential
– Easy access to North American and European Capital Markets
– No International Trade Tariffs.
– No annual tax return requirements.
– No import/export quantity limitations.
- No costly bureaucracy
The Panama offshore company is incorporated into organization of a parent company of interconnected businesses and it doesn’t adopt independent legal status of the offshore company in Panama.
The offshore holding can be sub divided in 2 levels parent company & independent subsidiary.
The parent company which is commonly referred to as the holding company while the independent subsidiary is one which is connected with the offshore holding company.
Whether on or offshore, the subsidiary provides the actual economic performance in this model. The offshore parent company has only shares in the company & receives profits through dividends.
Panama Holding Company
Profits collected from Panama Offshore Holding are free from any tax liability in Panama.
Thus it can be said that it’s a tool for procurement of tax benefits, to circumvent shareholding limits and realization of benefits as part of investment.
Special taxation conditions are applicable only if the holding company maintains its headquarters in Panama, thus resulting in beneficial taxation conditions. The profits being transferred from the subsidiary to the offshore holding company will not be considered as taxable income.
Since Cartel regulations often prohibit companies from holding larger capital investments in other companies so in many cases when the investment exceeds the minimum threshold value then it is associated with legal obligations. In order to avoid legal issues, one can establish a Panama Offshore Holding company.
The Panama holding company enables the transformation of direct equity investments into indirect equity investments. The offshore holding company existence makes it harder for legislators & regulators to uncover & prohibit indirect equity investment.
Type of Company for International
Trade and Investment
Generally, corporations are incorporated under the Corporation Statute Law 32 of the 1927 Commercial Code. Limited Liability Companies and Limited Partnerships are used also.
Procedure to Incorporate
By presentation of the proposed corporation’s signed Articles of Incorporation before a Notary Public who creates a Public Deed for registration at the Public Registry.
Restrictions on Trading
Cannot undertake the business of banking, trusteeship and trust administration, insurance, assurance, reinsurance, fund management, investment funds, collective investment schemes or any other activity that would suggest an association with the banking, finance, fiduciary or insurance businesses.
Language of Legislation and Corporate Documents
Spanish and certified English translations.
Registered Office Required
Yes, must be maintained in Panama at the address of the Registered Agent.
Name Approval Required
Time to Incorporate
One day, subject to name approval.
A name that is similar to or identical to an existing company. Names of well known companies incorporated elsewhere or a name that implies government patronage.
Language of Name
Names may be expressed in any language using the Latin alphabet. The Registrar may request a Spanish or English translation.
Names Requiring Consent or Lisence
Bank, building society, savings, insurance, assurance, reinsurance, fund management, investment fund, trust or their foreign language equivalents.
Suffixes to Denote Limited Liability
All Panamanian corporations must end with the suffix Corporation, Incorporated, Sociedad Anonima or the abbreviations Corp, Inc or SA. They may not utilise the suffix Limited or Ltd.
Disclosure of Beneficial Owner to Authorities
The standard authorised share capital is US$10,000 divided in to 100 common voting shares of US$100 each or 500 common voting shares of no par value; the capital may be expressed in any convertible currency. The minimum issued capital is either one share of no par value or one share of par value.
Non-voting shares, preferred shares and registered shares. Bearer shares can be issued but no-par-value and bearer shares must be fully paid when issued. The registered agent must keep the bearer shares certificate in safe custody and must notify the Registrar that the shares have been issued.
No corporation tax is levied on non-Panamanian sourced income.
Annual Franchise Tax of US$350 is payable – Pls check remarks below
Financial Statement Requirements
No requirement if income is of non-Panamanian sources.
Both corporations and natural persons may act as directors and the minimum number of directors is three. They may be of any nationality and need not be residents of Panama. Panamanian companies are also required to appoint a minimum of three officers (president, secretary and treasurer) who may also be the directors.
A company secretary must be appointed, who may be a natural or corporate person. The company secretary may be of any nationality and need not be a resident of Panama.
The minimum number of shareholders is one.
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees, …
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.