* No Reporting Requirements or Taxes: Panama does not impose any reporting requirement or taxes for non-resident Panamanian corporations. * No Piercing the Corporate Veil: Panama does not allow, ?piercing the corporate veil?, so your corporate books are maintained 100% private and confidential by law. * Anonymous Ownership: Panama corporations share certificates can be issued in Nominative or Bearer form (Bearer Share are an anonymous form of ownership), with or without par value. Neither the directors nor the officers of Panama corporations need to be shareholders.
* No Capital Requirements: Panama corporations do not require Paid-In Capital, nor is there a time limit in which authorized capital must be fully paid.
* Directors: Every Panama corporation requires 3 directors/officers (President, Secretary and Treasurer). The directors/officers can be either individuals or entities. Panama Corporation?s directors, officers and shareholders may be of any nationality and resident of any country. The director?s names and identifications must be presented in the public registry when the corporation is formed.