Panama`s Corporation Law is Law 32 of 1927. The Corporations Law has been imitated by other countries, and continues to be the cornerstone in the beginning of any offshore business.
More than seven decades ago, numerous business organizations in different parts of the world have been using Panama`s public limited companies successfully and safely.
The social object is broad, it is allowed to engage in any lawful business. The immediate capital contribution is not required, nor is the disbursement to begin its activities. Business can be carried out in Panama or anywhere in the world. No specific number of shareholders is required.
The law does not require any correlation between the disbursed capital and the value of the assets of the company.
You can issue shares in any currency
There is no requirement to hold regular or annual meetings of directors or shareholders