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 the residence of the shareholder is outside of Panama, it makes sense to at least appoint respective Nominee-Directors or local general managers/directors at the registered office of the company.
The level of authority of the Nominee-Directors can be contractually determined according to the individual needs of the shareholder as well as the legal framework.
Additionally, an appropriate business address as well as a local telephone number with personal answering service is not only advisable, but in the majority of cases required. Whether a postal address, Office-Service or even business premises - we can offer you service packages for all your needs.
Note: It is of course also possible to appoint 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!
‘Management & Control
incl. Individual Office’
Should you need an office exclusively for your company, we can offer you the perfect solution with the Management-Package ‘Management & Control incl. Individual Office’.
The Basic-Management-Package ‘Management & Control incl. Individual Office’ is particularly suited to
- Companies with minimal manpower requirements,
- Companies who value exclusive use of space,
- Local entrepreneurs who prefer a permanent workspace in a more luxurious and productive environment.
In almost all cases will you be able to meet the national substance requirements (CFC-Rules), that other countries may impose on your company. We are of course happy to advise you on the different options and the ideally suited variants available to you.
The Basic-Management Package ‘Management & Control incl. Individual Office’ includes the following:
- Up to three Nominee-Directors for a full twelve months,
- A comprehensive consultation on the needs-based employment of directors,
- Preparation of individual contracts for the directors,
- A basic introduction to corporate documentation, which includes the framework and guidelines for the company directors,
- A representative office address in Panama,
- A local telephone number with personal answering service,
- A P.O. Box with postal service including forwarding,
- Access to the conference room,
- Your own office space in an ideal location.
If required, we are happy to support you in the search and hiring of local employees.
|Fees for the first 12 months:||Upon request|
|Fees for the following 12 months:||Upon request|
Note: Should you wish to employ local managing directors instead of Nominee-Directors, this is of course also an option. We are happy to provide information on the one-off and running costs upon request.