Panama or Belize offshore company do they pay tax?

[alain]

I need to know if a Panama or Belize company pay tax? If so what is the percentage a company pay?

 

[JohnLocke]

No! A Panama or Belize company don't pay any tax if they are registered as‌ an IBC at least.

 

[Zqq]

Just to be clear, Panama does not have IBCs in the same sense Belize does.‌ Panamanian companies are regular companies but qualify for complete tax exemption by having a non-resident‍ status as Panama applies territorial taxation, similar to Hong Kong.

 

[JohnLocke]

Thanks for⁠ supplying your knowledge and correct any errors that may sneak in from time to time⁤ 😉

 

[forcet]

None pay tax, but look carefully what you need them for. For instant I got‌ a Belize company and can't use it, because no bank accept it with the terrible‍ scans I got by e-mail only! The CSP refuse to send me originals without to⁠ pay $300 again!!!!

 

[alain]

Thank you for participating the thread.

What is a International Business Company's name in Belize‌ and Panama if it does only business International and don't pay tax:s-confused:

 

[Annabell]

You a short reminder.‍ Panama is no option any longer the entire world has focus on this country now⁠ and a few year forth. You better find some sort of offshore jurisdiction that doesn't⁤ known to the majority of small and medium sized businesses. like cook islands, Bermuda and⁣ such jurisdictions.

 

[clemens]

Don't you think most already know that 😉

 

[AlicaFunk]

Why would they know that? Panama is good for normal business only if you want‌ to hide it's a problem.

 

[Anton]

I think you still need to pay taxes but its probably less than other countries,‌ at least for Belize. I don't have any idea for Panama though.

 

[bonzo]

As already mentioned here by a few people. No they don't pay tax as long‌ as you don't do business within the Seychelles or within Belize! That's why they are‍ called International Business Companies!

 

[Lyanna]

Good point. Just a few facts⁠ about IBC or International Business Company:

1. They are formed under the laws of some⁤ jurisdictions as a tax neutral company which is usually limited in terms of the activities⁣ it may conduct in, but not necessarily from, the jurisdiction in which it is incorporated.⁢
2. Seychelles Residents can own and operate Seychelles IBC LEGALLY as long as IBC is︀ not conducting business on Seychelles.