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Formation and Management of Offshore Corporations
1. Offshore Corporations
    › Who may incorporate a Panamanian Offshore Company
    › Characteristics of Panamanian Corporations
2. Articles of Incorporation
3. Legal Rights of Corporation
4. Taxes
5. Advantages of Panamanian Offshore Corporations
6. Resident Agent
7. Costs
REQUEST FOR INCORPORATION OF OFFSHORE COMPANY (MS Word)
 
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3. Legal Rights of Corporation

  1. To sue and be sued in a court of law.
  2. To adopt and use a corporate seal and to modify it when deemed expedient;
  3. To acquire, purchase, hold, use and transfer real and personal property of any kind and to make and accept pledges, mortgages, leases, liens and encumbrances of every kind.
  4. To appoint officers and agents.
  5. To execute contracts of every kind.
  6. To issue, without breaching the current laws or the Articles of Incorporation, Bylaws for the management, regulation and government of its business and assets, for the transfer of shares, for the calling of shareholders' and directors' meetings for any legal purpose.
  7. To conduct business and to exercise its powers in foreign countries.
  8. To agree upon the dissolution in accordance with the law, whether voluntarily or for other reasons.
  9. To borrow money and to incur debts in relation with its business or for any legal purpose; to issue bonds, promissory notes, bills of exchange and other debt instruments (which may or may not be convertible into shares of the corporation) payable on determined date or dates, or payable upon the occurrence of a specific event; whether secured by a mortgage or pledge, for money borrowed or in payment of acquired assets, or for any other legal consideration.
  10. To guarantee, acquire, buy, hold, sell, assign, transfer, mortgage, encumber, or otherwise dispose or trade in shares, bonds or other debt instruments issued by other corporations or by any municipality, province, state or government.
  11. To do anything necessary for the execution of the purposes established in the Articles of Incorporation or in any amendments thereto, or what is necessary or convenient for the protection and benefit of the corporation and, in general, to undertake any legitimate business although not similar to any of the purposes specified in the Articles of Incorporation or its amendments.




 

 
 
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