What makes your jurisdiction different from other competitors for Chinese investors?
Panama Canal is unique. Panama Canal is a magnet. Everybody has a representative office in Panama.
What is the general taxation rate for incorporating companies in your jurisdiction?
Zero.
Can the regulatory authority request information about the company and officers or account details from your jurisdictions?
Yes.
What are the fees associated with company incorporation and how long does it normally take?
The incorporation fee is USD 3,880.- and the registration takes 2-3 days.
Does your jurisdiction have any DTAs with China or HK?
No.
What documents are required to establish an offshore company at your jurisdiction? And what about TIEAs?
Details of the Shareholder(s): Passport copy, Address.
What is the new incorporation volume during the year of 2013?
34,468 new companies registered
What new products has your jurisdiction introduced recently and how do you expect this product mix to change in the upcoming years?
New Free Zone anama Pacifico was created near Panama City.
What have been the developments in your jurisdiction in regards to the recent crackdown on transparency by the OECD?
Panama is not black listed. Panama considers itself NOT as offshore place, but as commercial place in connection with the Panama Canal. Tax free. Customs free. With excellent Banking system and Banking facilities.
Source: Professional Trust
