An international business company, also known as IBC for short, is a corporation formed under the laws of an offshore jurisdiction which is not allowed to conduct the business within the jurisdiction in which it is formed. It is quite similar to a private limited company which has board of directors, shares, and share capital but the shares are not publicly traded. IBC’s are the most common legal form of offshore companies resulting to which thousands of them are registered throughout the world. There are a number of jurisdictions which offer various lucrative offshore IBC services. The only thing which matters is choosing the right one and Panama is one such jurisdiction.
Panama has some of the strictest privacy laws and flexible incorporation rules that enable the owner of the incorporation to enjoy complete confidentiality in their work or business. Due to its most flexible formation structure, methods to ensure complete customer confidentiality and supportive legal framework, Panama has become one of the prime destinations of offshore formations.
Advantages of a Panama Foundation
- No minimum paid up capital required
- 100% confidentiality; information related to shareholders or beneficial owners is not available to public
- Any individual and legal entity can become shareholderNo foreign exchange control
- No foreign exchange control
- No piercing the corporate veil
A Panama IBC offers the ability to incorporate in a jurisdiction which has become an international center of trade, finance, and banking services. It is a reputed jurisdiction for financial and offshore excellence and remains as the foremost choice to offshore incorporations due to its vast financial opportunities, low-risk investment and ample banking centers.
So, make Panama your next call for company formation and move your business offshore.