Offshore Companies

Panamanian offshore companies are those corporations that do not carry out their economic activity within Panama, which does not oblige them to make and file tax returns, being totally exempt from paying income obtained outside Panamanian territory.

The Territoriality Principle of the Panamanian Tax Law allows that Corporations, Limited Liability Companies or of any other nature, whose income and profits come exclusively from extraterritorial activities, to be tax-exempt and therefore do not pay taxes in Panama from such income.


Important Information

Through Law 52 of October 27, 2016, the obligation is established for Panamanian companies and other entities to maintain accounting and financial records and supporting documents of all transactions carried out in the last five (5) years, in such a way that its financial status can be readily determined with reasonable accuracy. This norm was modified with Law 254 of November 11, 2021 in which it obliges not only Offshore companies but all companies and foundations to the obligation of accounting records.

The corresponding records and documentation must be sufficient to accurately demonstrate and evidence the transactions executed by the company.

Contact us for any questions about Law 254 of November 11, 2021.

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About the Service

  • Consultancy.
  • Information.
  • Custody of supporting documentation.
  • Accounting.
  • Financial Statements.
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How can we help?

We help you plan your accounting and tax processes. Write to us and our experts will review your request as soon as possible.

Bloc Office Hub, Seventh Floor, Santa Maria Business District, Panama, Republic of Panama.

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