Legal Notices

Privacy Management Group^FZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management Group^FZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management Group^FZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management Group^FZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management Group^FZ-LLC.

None of the content on any of the Privacy Management Group^FZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management Group^FZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management Group^FZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

Asset Protection

CFC-Management-Services

The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

Annual fees are only due after the first 12 months

The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14^th July at the latest.

Renewal of the management fee	annually	USD 820.00
Registered agent	annually	USD 325.00
Registered office	annually	USD 325.00
Corporate franchise fees	annually	USD 394.00
Total annual fees	annually	USD 1,864.00

Annual fees are only due after the first 12 months

The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14^th July at the latest.

Renewal of the management fee	annually	USD 190.00
Registered agent	annually	USD 210.00
Registered office	annually	USD 210.00
Corporate franchise fees	annually	USD 190.00
Total annual fees	annually	USD 800.00

CFC-Management-Services

Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

CFC-Management-Services

The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

CFC-Management Packages

The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

Management Package
Management & Control
Director-Nominee-Service
Management & Control
(Director-Nominee-Service)

More information

Management Package
Incl. Office-Service &
Director-Nominee-Service Management & Control incl.
Office-Service &
Director-Nominee-Service
More information

Management Package
Incl. Individual Office &
Director-Nominee-Service Management & Control incl.
Individual Office &
Director-Nominee-Service
More information

CFC Management Packages

The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

Management Package
Management & Control
Director-Nominee-Service
Management & Control
(Director-Nominee-Service)

More information

Special

Management Package
Management & Control
incl. Virtual-Office-Service &
Director-Nominee-Service Management & Control
incl. Virtual-Office-Service &
(Director-Nominee-Service)
More information

Management Package
Management & Control
incl. Office-Service &
Nominee-Service Management & Control incl.
Office-Service &
Director-Nominee-Service
More information

Management Package
Management & Control
with local Managing
Director & private office Management & Control incl.
Managing Director &
private office
More information