Non resident Panama corporations benefit from the following tax breaks.
- No income tax.
- No capital gains tax.
- No interest income tax.
- No sales tax.
- No tax on issuance of corporate shares.
- No tax to shareholders.
- No stock sale or transfer tax.
- No capital stock tax.
- No property tax.
- No estate tax.
- No gift tax.
- No stamp tax.
- No succession tax.
- No inventory tax
Panama's economy is vibrant and its performance way above most of its Latin American neighbors. For the past 40 years Panama's inflation rate averaged less than two percent each year, unheard of in South America. It is now rising in step with the world oil, food and housing crisis.
Panama is home to the Colon Free Zone, the second largest international distribution and trade centre next to Hong Kong. It receives more than 250,000 visitors annually and generates exports and re-exports valued at more than $11 billion per annum. Foreign investment is one of the highest in Latin America.
Panama's international banking center has almost $59 billion dollars in assets. Its no wonder that major companies in Panama include: DHL, Cable & Wireless, Morgan Stanley, Kansas City Southern Railways, Sears, Price Costco, Continental & American Airlines, UBS Warburg and 3M to name a few.
