Panama is a 100% "fiscal paradise". The NON-RESIDENT Corporations offer the following advantages:

• There are no taxes on income.
• There are no taxes on capital gain.
• There are no taxes on interests.
• There are no taxes on sales.
• There is no tax over corporative shares issuance.
• There are no taxes to the shareholders.
• There is no tax for sale or transference of shares.
• There is no tax for capital stocks.
• There is no tax on property.
• There is no state tax.
• There is no tax for gift.
• There is no tax for stamp.
• There is no succession tax.
• There is no tax for inventory.

Annual license tax payment of the Corporation:

The annual license tax that pays a Corporation or a Private Interest Foundation is of $300.00 to keep it in force.

The payments shall be done:

From January 1st to June 30th - Payment before the 15th of July.
From July 1st to December 31st - Payment before the 15th of January.

Surcharge payment for late payment:

1st Late payment $50.00
2nd Consecutive late payment $300.00
3rd and other consecutives $300.00

Tax Payment for Corporations not Made by Us, that is to say, we are not its Resident Agent:

If you wish us to perform only the payment of the annual tax of your Corporation, please submit the annual cost + service charge for the payment of taxes for only $25.00.