Sinopan Investment

Our Financial Planning Services Are Built On Trust, Transparency and Accountability.

One Financial Expert

Our experienced team of professionals will develop a personalized plan that gives you the power – and a path – to realize your dreams.

Our Banking and Finance team is provided with broad expertise and has participated in numerous financing transactions in the market acting on behalf of both creditors and debtors.  Our practice focuses mainly on corporate account aperture, drafting loan (and debt issues), build and review financial model for financial closing, security documentation associated with complex financing transactions, setting up leasing and factoring facilities and managing all legal aspects related to banking acquisitions and mergers (including tender offers for publicly traded banks).

As for banking operations, we have assisted many banks and financial institutions with their needs throughout the process of obtaining licenses (banking and fiduciary) as well as ongoing regulatory assistance related to their operations in the country. Strategic partners include: Bank of China, ICBC, Banistmo, Multibank, Global Bank Credicorp Bank, among others.

Our Banking and Finance team is provided with broad expertise and has participated in numerous financing transactions in the market acting on behalf of both creditors and debtors.  Our practice focuses mainly on corporate account aperture, drafting loan (and debt issues), security documentation associated with complex financing transactions, setting up leasing and factoring facilities and managing all legal aspects related to banking acquisitions and mergers (including tender offers for publicly traded banks).

As for banking operations, we have assisted many banks and financial institutions with their needs throughout the process of obtaining licenses (banking and fiduciary) as well as ongoing regulatory assistance related to their operations in the country.

Strategic partners include: BAC Panama, Banistmo, Capital Bank, Multibank, Credicorp Bank, Wells Fargo Bank, among others.

Financial o Business Environment

 

Growing Economy

Panama has grown at an unprecedented rate in the past ten years. Between 2013 and 2018, GDP per capita increased from US$11,841 to US$15,090, and its country-wide GDP increased by a third from US$45.6 billion to US$61.8 billion. The country, on average, grows more than five percent per year, and several new infrastructure projects, such as an additional Panama Canal bridge and the Colón Urban Regeneration scheme, are helping to fuel the economy and encourage foreign direct investment (FDI).

On top of these new developments, the Panama Government has been running a five-year ‘Strategic Development Plan’, which began in 2015 and ends this year (2019). The scheme covers five key concepts, all designed to boost inclusion and competitiveness in the country.

  1. Enhance productivity and diversify growth
  2. Improve the quality of life
  3. Strengthen human capital
  4. Improve infrastructure
  5. Improve environmental sustainability

Low Barriers to Entry

At a time when business leaders are having to battle through the bureaucratic tape to get their new ventures off of the ground, it’s good to know that there is at least one country where it’s easy to incorporate a company and get started on a new international venture. Panama is a unique country in the fact that you can register a business in around two weeks, and you do not need to physically be in the country during or after the incorporation process. Indeed, several high profile entrepreneurs have never stepped foot in the country, but have managed to build globally successful businesses and register hundreds of millions of dollars in profits.

Directors, shareholders, and company officers can be of any nationality when registering the business and can live in any country in the world. Additionally, company board meetings do not have to be held in Panama, offering significant advantages to international businesses.

Additional benefits to registering in the country are that owners can remain anonymous, your company objectives do not have to appear in the Articles of Incorporation, and secrecy laws mean that account information cannot be disclosed to third-parties.

 

No Income Tax on Overseas Profits

One of the most common reasons why businesses incorporate their company in Panama is because of its territorial system, where income that is obtained outside of the country is free of income tax. For a business that has hubs across several LATAM markets, Panama is the perfect offshore tax destination that allows businesses to maximize profitability and reduce the amount of tax they pay.

By establishing an offshore company in Panama, you can create a ‘holding company’ that protects your assets and real estate from future liability. As there are no restrictions on remittances and no currency exchange controls, you can enjoy free-flowing funds and take your money in and out of the country when necessary to use for additional investments.

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