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Panama IBC Bearer Shares Feature More Flexibility |
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More than 400,000 corporations in Panama are International Business Corporations and are able to conduct business worldwide. An IBC is the usual vehicle for foreign investors who wish to take advantage of the unique opportunities Panama through incorporating and basing their companies there. Panama, in its quest to become a center for finance and trade, actively encourages the formation of IBCs by offering incentives such as not requiring residence to establish a company, low annual taxes if income comes from offshore sources, laws enhancing the anonymity of board staff, etc.
But an IBC by definition is not allowed to conduct operations within the host country. An IBC is subject to limitations. This is also true for IBCs in other countries. What are these limitations? They include not being able to carry out commercial ventures in the country it was formed in. It cannot own real estate or have a bank account in said country. It cannot have an account for stock brokerage as well. Only Panama, with its IBC bearer share corporations, has a more flexible answer to these concerns.
Panamanian IBC bearer shares address these limitations. For one thing, they can be issued blank. They can be kept anywhere in the world, unlike in other countries where they have to kept in the country where the IBC was incorporated, held by the representing agent. Another advantage Panamanian law has is that it also has no requirements for reporting transactions involving them. Privacy and security, always of utmost concern to foreign investors, are enhanced because the government never collects any records about Panamanian corporations. To take this even further, it is also possible to set up a Panama Foundation and have this own the corporation in question, thus, removing one as owner of said corporation. Panama Foundations do not have owners or share certificates.
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