…In order to encourage the development of the touristic and agricultural sector, the Panamanian government has established different tax incentives for local and foreign investors?
…The legal figure of the Private Interest Foundations in Panama is based on the foundation models of three different jurisdictions (Liechtenstein, Switzerland and Luxembourg)? In Panama a foundation becomes valid from the day of registration in the Public Registry. No approval by any governmental institution is required.
…At the incorporation of a new corporation in Panama at least two (2) subscribers must be appointed? By law, each of them is entitled to one share of the corporation. However, it is possible to transfer all shares to one single shareholder afterwards.