Panama trading
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Depends on where you trade, if the trading is international crypto trading and take place outside of Panama it is tax free.
It doesn't matter which company form you setup.
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It doesn't matter which company form you setup.
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Do you want a total anonymous company with bank account? Get a step by step guide on how to do that here, it only requires mentor group gold.
no but it must be all outside PA.
A company which gives you the least compliance issues.
but how to distinguish whether its outside or in Panama?
the trading will be physically done by someone who lives in Panama.
Crypto has no physical location.
So will it be considered as taxable operations in Panama or not?
You're not going to be able to get a clear, simple answer to this question. If you go by the letter of the law, it might be technically taxable in Panama. But if the crypto exchanges are located outside of Panama and the owner/director of the Panamanian company is a foreigner, you'd join a long list of foreigners doing nearly the same thing and no one in Panama cares.
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This is the probably the answer to your question.
you can go for SVG or Seychelles if you dont need a bank account and pay yourself in crypto (rather salary of dividends)
Non-citizen. You might want to add a non-Panamanian company between yourself and the trading activities instead, just to strengthen the argument that the income is foreign-sourced.
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This is the probably the answer to your question.
so it would look like: UBO (tax resident in Panama) - owns Panamanian company (only holding) - non-Panamanian company is doing trading. Than there is absolutely no taxes on it, correct?
That could work. Removing the Panama company entirely could perhaps make for an even stronger case.
UBO (PA tax resident) owns foreign company. The foreign company engages in trade. The foreign company pays dividends to the UBO. Income is foreign-sourced, so UBO pays no tax.
As I said, you won't get a clear, definite answer to this. If you go by the letter of the law, Panama could maybe try to tax you. But would they? Seems very unlikely. Just don't be too obvious about it and don't stir up any troubles in Panama. Keep a low profile, be a good resident.
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This is the probably the answer to your question.
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