The Republic of Panama has the largest maritime registry in the world. Easy to register a boat, ship, yacht, or other marine vessel. Very low government fees. International Business Companies (IBC) also frequently use Panama registration for stock trading, real estate, marine, and aircraft. Panama IBC income tax applies only to companies operating a business within Panamanian territory from which net income is derived. Income derived outside the territory is not subject to local taxation.
Main features & Advantages
- The oldest and largest open ship registry
- Strategic geographical position
- Ship owners may be any nationality
- No requirements for annual tax return or financial statement
- Requires at least three directors. We can provide 2 nominal directors.
Start a New Company for $89 + state fee
Limited Company (IBC)
International Business Company is a tax-free corporation designed for engagement into all forms of international business.