:Forest Folk

Offshore Corporation Facts:

* Being The Second Most Renowned Jurisdiction in the World: Panama is the registered domicile for over 400,000 organizations and institutions, establishing it as the second most popular jurisdiction to incorporate in the world, close to Hong Kong.
* No Coverage Requirements or Taxes: Panama does not impose any accounting requirement or taxes for non-resident Panamanian corporations.
* No Piercing the Corporate Veil: Panama does not allow corporate examination, so your Offshore Companies books are maintained perfectly private and confidential by law.
* Unnamed Ownership: Panama corporations share certifications can be supplied in Nominative or Bearer form (Bearer Share are an unidentified form of ownership), with or without par value. Neither the directors nor the officers of Panama business organizations need to be shareholders.
* No Capital Requirements: Panama corporations do not require Paid-In Capital, nor is there a time boundary in which authorized capital must be paid in full.
* Managers: All Panama corporation needs 3 directors/officers (President, Secretary and Treasurer). The directors/officers can be either individuals or entities. Panama Corporation’s directors, officers and stockowners may be of any nationality and resident of any nation. The director’s names and identifications must be shown in the public registry when the business establishment is formed.
* Nominee Managers: We offer our guests the optional service of employing our Nominee Directors for their corporation(s). For determinations of privacy, most of the clients prefer that I supply candidate managers/officers for their corporations. When I select nominee directors for the organizations that I form for my customers, I always offer my clients with pre-signed, dateless letters of resignation from the directors so that my customer can substitute those directors at any time.
* Directors or Stockholders Assembly: Annual general convention of either stockowners or directors of the corporation are not mandated or necessary. Nonetheless, if meetings are held, they can happen anyplace in the world by representation, via telephone, e-mail or other electronic means. Any settlements reached are binding disregarding of whether they are signed on various engagements or in various jurisdictions.