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.
