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A. General Information About Panama Corporations:

Panama offers the most favorable and most flexible incorporation laws available in the world. Individuals from all over the globe who are interested in asset protection, tax minimization, privacy, investment diversification, affordability and convenience use Panama corporations.

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  1. Panama corporations can be used for international trade, to settle trust or foundations, to establish and own bank or brokerage accounts, or hold ownership of real estate or any other type of asset. In some cases, Panama corporations are formed for very private and confidential business transactions such as the movement of funds to another jurisdiction for the protection of the assets.
  2. Panama offers the strictest corporate book and banking secrecy laws available in the world, therefore providing legal protection to your assets and your identity through the confidentiality of corporate business and banking transactions. Most other offshore jurisdictions, such as the British influenced countries, have vowed down to recent legislation that has begun the removal of bank secrecy in those British colonies around the globe. Panama is a totally sovereign nation, not governed or controlled by any other country in the world. B. Panama Corporation Facts:
  3. * Second Most Popular Jurisdiction in the World: Panama is the registered domicile for over 400,000 corporations and foundations, making it the second most popular jurisdiction to incorporate in the world, next to Hong Kong.

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* 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.

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* Nominee Directors: We offer our clients the optional service of using our ?Nominee Directors? for their corporation(s). For purposes of confidentiality, most of the clients prefer that I provide nominee directors/officers for their corporations. When I appoint nominee directors for the entities that I establish for my clients, I always provide my clients with pre-signed, undated letters of resignation from the directors so that my client can replace those directors at any time.

* Directors or Shareholders Meeting: Annual general meeting of either shareholders or directors of the corporation are not mandated or required. However, if meeting are held, they can take place anywhere in the world by proxy ? via telephone, email or other electronic means. Any resolutions passed are valid regardless of whether they are signed on different dates or in different jurisdictions.

* Corporate Boo.

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